Our article as published in moneylife can be accessed through the link below: https://www.moneylife.in/article/nbfcs-asked-to-limit-fresh-investments-to-20-percentage-of-voting-rights-from-fatf-non-compliant-jurisdictions/62964.html
Vinod Kothari & Company corplaw@vinodkothari.com Below is a short snippet on Companies (Share Capital and Debentures) Amendment Rules, 2021.
The video of “Round table discussion on RBI’s proposed regulatory framework for NBFCs” can be viewed here Our write-up on the topic titled “Scalar regulatory framework for the NBFC sector” can be viewed here
The Ordinance additionally plugs gaps on differential rates in case of different mortgages Aanchal Kaur Nagpal aanchal@vinodkothari.com Introduction – Stamp duty computation, especially in case of complex transactions involving multiple transactions being given effect vide a single instrument, received the sanctity of Hon’ble Supreme Court (SC) in a landmark judgement in case of Controlling Revenue […]
Permitting FPIs to invest in defaulted debt securities -Aanchal Kaur Nagpal (aanchal@vinodkothari.com) While the Indian equity market has consistently shown a rigorous growth, the bond market in India has mostly been relatively lagging behind. The size and performance of the Indian bond market has been quite inappreciable as compared to the developed economies […]
Carries out certain clarificatory modifications. By CS Aisha Begum Ansari, Assistant Manager, Vinod Kothari & Company aisha@vinodkothari.com Securities and Exchange Board of India (‘SEBI’) had specified the formats for disclosures under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (‘PIT Regulations’) on 11th May, 2015[1] and thereafter revised the formats on 16th […]
Classifies persons as ‘related parties’ on the basis of ‘intermingled transactions’ -Sikha Bansal & Megha Mittal (resolution@vinodkothari.com) While in general, in order to classify a transaction as a related party transaction, one needs to first determine whether the parties involved are ‘related parties’; however, in a recent case Phoenix Arc Private Limited v. Spade Financial […]