– Team Finserv | finserv@vinodkothari.com Background One of the important elements of the lending process is credit evaluation of customers, which involves referring to the credit information of such customers. Credit information is the information relating to credit performance or credit worthiness of the customer. Procurement, storage and distribution of such credit information is regulated […]
– Team Finserv | finserv@vinodkothari.com Relevant Links: NHB Master Circular dated December 31, 2021 Formats of the returns and statements specified in the Master Circular ORMIS Portal HFC Manual for filing on ORMIS Portal Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021
Last updated – 4th January, 2022 Relevant article on the subject can be read here – https://vinodkothari.com/2017/01/minority-squeeze-out-a-strong-new-provision-under-section-236-of-the-companies-act-2013/
Kanakprabha Jethani | Manager and Ridhima Jain | Executive (finserv@vinodkothari.com) Background The Ministry of Consumer Affairs on 28th December, 2021 issued Consumer Protection (Direct Selling) Rules, 2021 (‘Rules’)[1], which provide for several compliance requirements for direct selling agents. With issuance of the said Rules, there have been questions on who will be covered by these […]
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 […]
– 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 […]
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 […]
– 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 […]
– 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]]. […]
– 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 […]