– Abhirup Ghosh, Partner | finserv@vinodkothari.com Background The Finance Bill 2023 has proposed amendments to section 56(2)(viib) of the Income Tax Act, which deals with tax on closely held companies for issuance of shares to residents at a premium where the shares are issued at a value higher than the fair market value. The objective […]
Rhea Shah, Executive | finserv@vinodkothari.com India may be said to be the land of munis and rishis; however, when it comes to what the capital markets know as munis, namely, municipal bonds, India lags substantially behind other bond issuing jurisdictions. The Municipal Bonds market is still at the nascent stage, thereby requiring a robust regulatory […]
– Payal Agarwal, Deputy Manager | corplaw@vinodkothari.com Talking about green growth may seem like rhetoric. From policy-makers to economists, from corporate governance experts to environmentalists, everyone seems to be having “green growth” on the top of the agenda. The Economic Survey dedicated a full chapter to climate change and related issues. The Budget also has […]
– Vinod Kothari & Sikha Bansal | resolution@vinodkothari.com
– Sikha Bansal, Partner & Neha Malu, Senior Executive | corplaw@vinodkothari.com “Stewardship” literally means the act of protecting the rights of the person to whom it is acting as a steward. In the context of shareholders’ governance and capital markets, the institutional investors play the stewardship role for their clients/ beneficiaries as the funds invested […]
ICAI and ICSI issue social audit standards – Sharon Pinto & Kaushal Shah (corplaw@vinodkothari.com) Background As we understand, the concept of Social Stock Exchanges (‘SSEs’) have been brought under the regulatory purview of Securities and Exchange Board of India (‘SEBI’) for listing and raising of capital by Social Enterprises, the details of which can be […]
– Sikha Bansal & Barsha Dikshit, Partner | resolution@vinodkothari.com
– Aisha Begum Ansari & Lovish Jain | corplaw@vinodkothari.com
– Burhanuddin Kholiya | corplaw@vinodkothari.com Read our more detailed discussion on the said topic here