Entries by Staff

Grounds for grant of waiver under section 244 of Companies Act

Exploring the Judicial Perspectives – Pieyusha Sharma, Assistant Manager | corplaw@vinodkothari.com PROLOGUE Majority always prevails in corporate democracy. The management of the company is based on the majority rule i.e all matters decided in a general meeting ensue from majority voting which may overlook interests of minority. The need to balance the rights of majority and […]

SEBI notifies stricter norms for appointment of rejected candidates

– CS Aisha Begum Ansari, Manager | aisha@vinodkothari.com | Last updated as on January 24, 2022 SEBI vide notification dated January 24, 2022 has notified SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2022 (‘Amendment Regulations’) applicable with immediate effect. With this amendment, SEBI has introduced provisions relating to appointment/ re-appointment of a person, including Managing Director […]

SEBI approves amendments – Public issues | Preferential allotments | Appointment of shareholder-rejected directors

Amendments approved in various SEBI Regulations – Team Corplaw | corplaw@vinodkothari.com SEBI Press Release dated December 28, 2021 – click here Our write-ups: SEBI approves stricter norms for appointment of rejected candidates – click here A Regulatory Affair: Fair Value Discovery in Preferential Share Issues – click here Other write-up on Corporate Law matters – click […]

LODR changes on Independent Directors – Things to do before 1st Jan., 2022

– CS Aisha Begum Ansari | CS Pieyusha Sharma | corplaw@vinodkothari.com SEBI (LODR) (3rd Amendment) Regulations, 2021 | Corrigendum dated August 6, 2021 NSE Circular dated December 22, 2021 | BSE Circular dated December 22, 2021 Detailed write-ups: 1.Recent amendments relating to independent directors 2.SEBI notifies substantial amendments in Listing Regulations 3.New year brings stricter norms […]

SEBI’s informal guidance offers temporary escape from impossibility

– HVDLE guided to explain and not comply! Anushka Vohra | Manager (corplaw@vinodkothari.com) Introduction Recently, SEBI rolled out stricter corporate governance (CG) norms for entities having its non-convertible debt security listed and having an outstanding value of Rs. 500 crore and above as on March 31, 2021 [referred as  High Value Debt Listed Entities (HVLDEs)[1]]. […]

The Contingencies associated with Contingent Claims under IBC

– Sameer Gahlot | Assistant Manager | finserv@vinodkothari.com The Insolvency and Bankruptcy Code, 2016 (‘Code’/ ‘IBC’) provides for a collective resolution mechanism – claims of multiple creditors of different nature are collated by the resolution professional or liquidator, as the case may be, which are then repaid from the recoveries made, either pursuant to a […]

New year brings stricter norms for appointment of IDs

SEBI’s (Third Amendment) Regulations go live! Anushka Vohra | Manager | corplaw@vinodkothari.com On August 03, 2021, SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2021[1] (Third Amendment Regulations) were notified to become effective from January 01, 2022. The amendment brings changes in the regulatory framework for Independent Directors (IDs) including but not limited to […]

Changes in ECB and Trade Credits Policy due to LIBOR Transition

– Team Finserv (finserv@vinodkothari.com) Relevant links: RBI Circular dated December 8, 2021 – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12204&Mode=0 Master Direction – ECB, Trade Credits and Structured Obligations – https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=11510 Roadmap for LIBOR Transition – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12128&Mode=0 Our write-ups on financial interests – https://vinodkothari.com/category/financial-services/