Entries by Staff

SEBI LODR amendments: Minority say in independent directors, added regulations for debt issuers

November 16, 2022 /0 Comments/in , , , /by

Pammy Jaiswal | Partner | Vinod Kothari and Company (pammy@vinodkothari.com) Background Following the various recommendations provided by the Primary market Advisory Committee (PMAC), SEBI in its board meeting held on 30th September, 2022 discussed several proposals including the agenda to review the process for independent directors’ (IDs) appointment, re-appointment or removal,  introducing the need to […]

Getting material on “material” events and information

November 13, 2022 /0 Comments/in , , /by

SEBI issues consultation paper on Reg. 30 of LODR Regulations  Payal Agarwal, Assistant Manager (payal@vinodkothari.com)  [This version: 15th November, 2022] The importance of transparency and timely dissemination of material information for a listed entity needs no emphasis, since these events and information have a direct bearing on the price discovery of the securities of the […]

Supreme Court ruling revives the quandary, holds tax authorities to be secured creditors

September 8, 2022 /0 Comments/in , , , /by

Sikha Bansal, Partner, Vinod Kothari & Company Neha Sinha, Executive, Vinod Kothari & Company corplaw@vinodkothari.com Introduction Lawmakers might have put the best of efforts to frame the law in the clearest possible way, however, there may still be possibilities of diverse readings (and thus, diverse interpretations). Such a scenario is often addressed by the judiciary […]

Tax dues subservient to dues of secured creditors under SARFAESI Act and RDDB Act

September 7, 2022 /0 Comments/in , , /by

Neha Sinha, Executive, Vinod Kothari & Company corplaw@vinodkothari.com Introduction SARFAESI Act and RDDB Act are specific laws for recovery of debts.  Both these laws provide that  the secured creditors can claim priority for the realisation of dues. On the other hand, State and Central tax authorities can also enforce the payment of tax dues under […]