Entries by Staff

NCS Regulations versus ILDS Regulations

Comparitive between consolidate framework and erstwhile provisions relating to private placement. Henil Shah | Assistant Manager and Parth Ved | Executive corplaw@vinodkothari.com SEBI vide its notification dated August 09, 2021 introduced SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (‘NCS Regulations’), NCS Regulations have merged the provisions of SEBI (Issue and Listing of Debt […]

Making Corporate Governance IPO-ready

By Harsh Juneja | Executive ( corplaw@vinodkothari.com) IPO Market Heating up After facing economic crisis owing to the Covid-19 pandemic in March, 2020, a thunderstorm of IPOs strikes India’s Primary Markets. Since July 2020, a total of 48 Initial Public Offers (IPOs) have been issued which includes companies like Burger King, Zomato and Indigo Paints. […]

Concerns on Going Concern Sale under IBC – To be or not to be ?

Parth Ved, Executive [resolution@vinodkothari.com]  The Standing Committee on Finance (“Standing Committee”), on 3rd August, 2021, issued its Report on Implementation of Insolvency and Bankruptcy Code – Pitfalls and Solutions[1] wherein it has recommended the deletion of and suitable amendment in Regulation 32(e) and Regulation 32(f) of the Insolvency and Bankruptcy Board of India (Liquidation Process) […]

Consolidation of SEBI regulations on non-convertible securities

SEBI measure may ease out issuance of debt securities Team Corplaw (corplaw@vinodkothari.com) Introduction – By a 9th August, 2021 Notification, SEBI has consolidated the regulatory framework pertaining to issue of non-convertible debentures (‘NCDs’), non-convertible preference shares (‘NCPS’), perpetual debt securities (‘PDIs’), and listed commercial paper. Along with the consolidation exercise, SEBI has also tried to […]

Classification out of promoter category under Listing Regulations

Anushka Vohra, Deputy Manager corplaw@vinodkothari.com In common jargon, promoters are the persons who conceive the idea of incorporating a company and are associated with the company since its inception. In legal parlance, the concept of promoter has been kept open-ended. The definition has been captured under various legislations and has been made inclusive. The status of […]

CG’s Power to Relax MPS Requirements

– An Unbridled Power? Pammy Jaiswal, Partner and Sachin Sharma, Executive  (corplaw@vinodkothari.com) Background The government has been undertaking disinvestment exercise in PSUs since 1991[1] with an intent to overcome various shortcomings including lack of proper management as well as over capitalisation[2]. This exercise has been considered effective to reduce the fiscal burden and raise money […]