Entries by Staff

Applicability of insider trading regulations to pooled investment vehicles: A discussion on extent and rationale

April 18, 2022 /0 Comments/in , , /by

CS Sikha Bansal, Partner and CS Aisha Begum Ansari, Manager | corplaw@vinodkothari.com The article has also been published on IndiaCorpLaw – read here Regulatory framework for surveillance of DPs SEBI (Prohibition of Insider Trading) Regulations, 2015 (‘PIT Regs.’), although prohibit trading on the basis of unpublished price sensitive information (UPSI) by any “insider” (which includes […]

CLC recommends major reforms in corporate laws for ease of doing business

April 15, 2022 /0 Comments/in , /by

– MCA’s move to standardise, streamline and digitize – Payal Agarwal, Senior Executive | Vinod Kothari & Company (payal@vinodkothari.com) The Report of the Company Law Committee – 2022 (“CLC Report”) has proposed various important amendments to the existing Companies Act, 2013 (“the Act”) and some in the Limited Liability Partnership Act, 2008 (“LLP Act”). The […]

ESOPs as part of managerial remuneration

April 14, 2022 /0 Comments/in , , , /by

–  Whether, when and how much? Team Corplaw, Vinod Kothari & Company (corplaw@vinodkothari.com) Introduction Regulation of remuneration to managerial personnel (viz., directors, managing director, manager) (“managerial remuneration”) is an important aspect of corporate governance. Sections 197 of the Companies Act, 2013 (“Act”) read with Schedule V impose limits on managerial remuneration. Additionally, Section 197 (12) read […]

Enhanced Corporate Governance and Compliance Function for larger NBFCs

April 12, 2022 /0 Comments/in , , /by

– Anita Baid, Vice President | finserv@vinodkothari.com RBI has been concerned with the adverse regulatory arbitrage posing systemic risk in the NBFC sector. In order to align the regulatory provisions with the objective of preserving financial stability and reducing systemic risks, a scale based regulatory framework has been introduced which is to be effective from […]

Life of shareholders’ approval for material related party transactions

April 10, 2022 /0 Comments/in , , /by

Making sense of SEBI’s 8th April clarification Vinod Kothari & Vinita Nair | corplaw@vinodkothari.com It has been 5 months since notification of SEBI (Listing Obligations and Disclosure Requirements) (Sixth Amendment) Regulations, 2021 making major recast of the regulatory processes on related party transactions;  the 8000 odd corporates consisting of the bulk of India’s financial as […]

SEBI Issues operational guidelines for security and covenant monitoring using DLT

April 7, 2022 /1 Comment/in , , /by

–  Covering obligations applicable to issuer only Burhanuddin Dohadwala, Senior Manager & Kaushal Shah, Executive | corplaw@vinodkothari.com Introduction: Securities and Exchange Board of India (‘SEBI’) vide its circulars had outlined the following: Sr. No Date of the Circulars Particulars 1 SEBI Circular dated November 03, 2020 Process of independent due diligence by debenture trustees on assets […]