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) […]
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 […]
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 […]
– 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 […]
Other write-ups on the subject matter: 1.Recent amendments relating to independent directors 2.SEBI notifies substantial amendments in Listing Regulations 3.New year brings stricter norms for appointment of IDs 4. LODR changes on Independent Directors – Things to do before 1st Jan., 2022