Entries by Vinita Nair Dedhia

Bond market needs a friend, not parent

April 3, 2023 /0 Comments/in , , /by

Policies seem to be working at cross-purposes Vinita Nair, Senior Partner | corplaw@vinodkothari.com The need to promote bond markets is almost cliched, and does not require elaboration. However, when one observes the regulatory and fiscal developments concerning bond markets in recent times, one wonders whether there is a clear and unified sense of direction. The […]

Private sector banks to continuously monitor major shareholders

March 28, 2023 /0 Comments/in , /by

RBI Directions, 2023 require banks to have a mechanism to detect violation w.r.t. RBI prior approval and ‘fit and proper’ status – Vinita Nair, Senior Partner | corplaw@vinodkothari.com Given their systemic significance, ensuring that ownership of banks neither gets concentrated, nor falls into wrong hands, has always been important. Therefore, acquisition of shares or voting […]

SEBI to provide debenture holders the right to object material related party transactions

February 9, 2023 /0 Comments/in , , /by

Complicates approval process for closely held High Value Debt Listed Entities – Vinita Nair, Senior Partner | vinita@vinodkothari.com SEBI continues to tighten the regulatory regime for debt listed entities as it aims to promote corporate bond market. After equating debt listed entities with outstanding value of listed non-convertible debt securities of Rs. 500 crore and […]

Mutual Fund units now under the net of insider trading regulations

November 25, 2022 /0 Comments/in /by

Numerous actionable for Asset Management Companies – Vinita Nair, Senior Partner | corplaw@vinodkothari.com Background Investment in MFs are very common these days. As on March 31, 2022 there were about 1120 open ended schemes and 354 close ended schemes[1]. Presently, in terms of Reg. 32 of SEBI (Mutual Funds) Regulations, 1996 every close ended scheme, […]