– Payal Agarwal, Senior Manager (corplaw@vinodkothari.com) In a recent Supreme Court ruling in the matter of Association for Democratic Reforms & Anr. v/s Union of India, Electoral Bond Scheme (EBS/ Scheme) was declared as unconstitutional, including certain amendments to section 182 of the Companies Act, 2013 (“CA”), amended vide the Finance Act, 2017 as arbitrary […]
– MCA requires every company to designate person responsible for providing information with respect to beneficial interest in shares – Payal Agarwal, Senior Manager | corplaw@vinodkothari.com The concept of “beneficial owner” or BO is well-established under the Companies Act, 2013 by way of section 89 and 90 read with the rules made thereunder. The primary […]
MCA notifies mandatory dematerialisation for securities of private companies Two major amendments have been notified by MCA on 27th October, 2023 impacting all companies, and majorly the private companies. These include the Companies (Management and Administration) (Second Amendment) Rules, 2023 introducing the concept of “designated person” with respect to beneficial interest in shares of a […]
– Payal Agarwal, Manager (payal@vinodkothari.com) The consequences of climate change and the need for a positive climate action need no introduction in the present world. What once remained a matter of concern for the so-called “environmental activists”, gradually traveled their way to the government as countries committed towards achieving “net zero”. Climate action requires involvement […]
SEBI notifies amendments to Listing Regulations -Payal Agarwal, Manager (payal@vinodkothari.com) Keeping in view of the significance of the amendments, we are conducting a workshop on the same. Details can be accessed here – https://vinodkothari.com/2023/06/workshop-on-sebi-lodr-2nd-amendment-regulations-2023/ The importance of transparency and timely dissemination of material information for a listed entity needs no emphasis, since most of these […]
– SEBI approves regulations for ERPs through amendments to CRA Regulations – Payal Agarwal, Deputy Manager (payal@vinodkothari.com) As ESG and climate change concerns assume global priority, there is a growing interest among businesses to claim their offerings, products or structures to be green. This growing interest of a variety of stakeholders has led to the emergence […]
– Payal Agarwal, Deputy Manager (payal@vinodkothari.com) As the new financial year 23-24 commences, we look back at where we stand at the end of FY 22-23, in terms of the regulatory developments. While there has been no substantial traffic in terms of regulatory developments to the Companies Act, the migration of various forms in MCA’s […]
– Alignment with international standards and avoidance of greenwashing – Payal Agarwal and Shreya Salampuria | corplaw@vinodkothari.com Sustainability labeled bonds, more popularly known as GSS+ bonds, are looked upon as one of the primary means of raising funds towards sustainable development. The same has been discussed in Sustainable finance and GSS+ bonds: State of the […]
– Payal Agarwal, Assistant Manager (payal@vinodkothari.com) 2022 has been a relatively stable year when it comes to Companies Act, save changes in the forms and filing procedures with increasing online processes, there has been significant traction on the part of SEBI. While Structured Digital Database (SDD) remained the buzzword for the listed entities with the […]