Sharon Pinto, Manager, corplaw@vinodkothari.com Introduction Proxy advisors are entities that undertake research on corporate governance norms and practices followed across different corporates. They formulate their policies based on their research and appropriately established benchmarks. The proxy advisory firms play a role in strengthening the corporate governance as investor clients access the reports and recommendation of […]
Sharon Pinto, Manager, corplaw@vinodkothari.com Introduction The right to vote on decisions of the Company is one of the most significant rights of the investors. Proxy advisors are entities that enable shareholders to function this right effectively. They undertake research on corporate governance practices across various entities and formulate their policies in order to establish benchmarks […]
Securities Contract (Regulations) Amendment Rules, 2021 notified Payal Agarwal, Executive ( corplaw@vinodkothari.com ) Background SEBI had released a consultation paper on 20th November, 2020 order to review the requirements of minimum public offer for large issuers. The Consultation Paper proposed to reduce the requirements of minimum public offer for large issuers while also reducing the […]
Sharon Pinto, Manager, corplaw@vinodkothari.com Introduction The Board of directors of a Company typically comprises of executive and non-executive directors. The Board is supported by the Key Managerial Personnel (‘KMP’) and senior management i.e. personnel of the company who are members of its core management team excluding Board of Directors comprising all members of management one […]
– Megha Mittal [resolution@vinodkothari.com] The Hon’ble NCLAT vide its order Martin SK Golla v. Wig Associates, 2019[1] has set aside the order of the Adjudicating Authority which had accepted a one-time settlement-cum-resolution plan submitted by a connected person of Corporate Debtor, who later on, after the implementation of section 29A became ineligible to submit a […]
RBI proposes uniform regulatory framework for the Microfinance Sector ( finserv@vinodkothari.com ) The microfinance sector, in India, has proved to be fundamental for promoting financial inclusion by extending credit to low-income groups that are traditionally not catered to by lending institutions. The essential features of microfinance loans are that they are of small amounts, with short […]
A comparative analysis between the Companies Act, SEBI Guidelines and SEBI Circular dated 18th Oct. 2019 – Ajay Kumar K V | Manager (corplaw@vinodkothari.com) Introduction The Reserve Bank of India has issued Guidelines[1] for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) under Section 30(1A) […]
Abhishek Saraf, Manager and Payal Agarwal, Executive (corplaw@vinodkothari.com) Background The Business Responsibility and Sustainability Reporting (“BRSR”), originating from the MCA report on Business Responsibility Reporting, has found its way into the regulatory provisions by way of an amendment to the Regulation 34(2)(f) of the Listing Regulations[1], notified on 5th May, 2021. Further, SEBI vide circular dated […]
– Megha Mittal, Associate ( mittal@vinodkothari.com ) Factoring as an age-old concept has stood the test of time as it enabled businesses to resolve the cash flow issues, rendered liquidity, facilitated uninterrupted services and cushioned businesses against the lag in the billing cycles. Also the merit of the product lies in the simplicity of the […]