Entries by Staff

CBDCs in India – A Leap of Faith?

Megha Mittal, Senior Associate (mittal@vinodkothari.com) Introduction Right from RBI’s (in)famous March 2018 Circular (‘Circular’) banning all operations by virtual currency exchanges (VCEs) to the Hon’ble Supreme Court’s verdict upholding the constitutionality of cryptocurrency and its exchanges, the debate over the adaptability of cryptos has led to a demographic split in India.

Cross Border Insolvency in India: A Long Due Dream

Neha Malu & Shreyan Srivastava (resolution@vinodkothari.com) Five years since its commencement, the Insolvency and Bankruptcy Code, 2016 has seen a paradigm shift vis-à-vis its nascent stage – on-field challenges, as and when faced, have been attempted to be tackled either by way of amendments or judicial precedents. However, the legal position with respect to Cross […]

Insiders, Connected Persons, and Designated Persons: Demystifying the Quandary of ‘Insider’ Trading Terms

– Sikha Bansal, Partner, Vinod Kothari & Company (sikha@vinodkothari.com) Securities law in India, as in most other countries in the world, prohibits ‘insider trading’ and seeks to imposestiff penalties including custodial sentence to ‘insiders’ who violate insider trading norms – relevant provisionsare contained in section 12A and section 15G of the Securities and Exchange Board […]

Workshop on Related Party Transactions

Considering the overwhelming response to our workshop held on January 21, 2022, we are announcing the 2nd round of the session on RPTs. Click here to register: https://forms.gle/7Y1DZaHsCaKrRo1Z6 Our resources on the topic can be found here: https://vinodkothari.com/article-corner-on-related-party-transactions/

Factors’ Registration Regulations: Going back to Square-one?

– Megha Mittal mittal@vinodkothari.com On 14th January, 2022, the Reserve Bank of India (‘RBI’) notified the Registration of Factors (Reserve Bank) Regulations, 2022[1] (‘Registration Regulations’) laying down the manner of granting Certificate of Registration (‘CoR’) to companies which propose to do factoring business. Applicable with immediate effect, this may essentially seem like an undoing of […]

The nitty-gritty of shareholders’ approval for material RPTs

– A guide for practical implementation under the revised LODR framework – Team Vinod Kothari and Company; corplaw@vinodkothari.com Regulation 23(4) of the Listing Regulations require all material related party transactions (‘Material RPTs’) to be approved by the shareholders of the listed entity. With the commencement of the LODR (Sixth Amendment) Regulations, 2021 (‘6th Amendment Regulations’), […]