The SEBI Circular dated 5th October, 2021 can be read here The SEBI Circular dated 5th July, 2019 can be read here The SEBI Circular dated 10th August, 2016 can be read here Our article on the same can be accessed here – https://vinodkothari.com/2021/09/debt-listed-entities-under-new-requirement-of-quarterly-financial-results/
Burhanuddin Dohadwala, Senior Manager | corplaw@vinodkothari.com Updated as on: October 06, 2021 SEBI recently notified several amendments that become effective on various dates. In case of equity listed entities, SEBI vide Circular dated May 31, 2021[1] mandated disclosures around loans/ guarantees/comfort letters/ security provided by the listed entity, directly or indirectly to promoter/ promoter […]
Anita Baid | anita@vinodkothari.com Introduction The Reserve Bank of India (RBI) has issued the new guidelines, viz. Master Directions- Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 and Master Directions- Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021, on September 4, 2021, that replaces and supersedes the existing regulations on securitisation […]
[Sikha Bansal is Partner at Vinod Kothari & Company and can be reached at resolution@vinodkothari.com] This article was first published on IndiaCorpLaw Blog and can be read here IBBI recently came up with IBBI (Liquidation process) (Second Amendment) Regulations, 2021 (‘Amendment Regulations’) making certain important changes in the provisions pertaining to liquidation process under Insolvency […]
Vinod Kothari, Managing Partner and Sikha Bansal, Partner Insolvency is a state of insufficiency – as such, the need to protect ‘whatever is there’ is quite obvious. The rule of ‘anti-deprivation’ offers that protection. Under normal circumstances, the autonomy of parties entering into contracts is well-established. However, in insolvency, there is an inherent tension between […]
Anushka Vohra | Deputy Manager (corplaw@vinodkothari.com) On September 13, 2021, in the matter of Ebix Singapore Private Limited v. Committee of Creditors of Educomp Solutions Limited[1], the Apex Court ruled that a Resolution Plan, once submitted with the Adjudicating Authority (“AA”) for approval, cannot be subsequently withdrawn at the behest of the Resolution Applicant. While this […]
CS Vinita Nair | Vinod Kothari & Company September 29, 2021 SEBI in its Board meeting held on September 28, 2021 approved the amendments in RPT framework that were proposed by the Working Group[1] (‘WG’) in January, 2020. The notification amending SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) is awaited. Certain amendments […]