Entries by Vinod Kothari Consultants

Remunerating in a lean year: Statutory amendments for minimum remuneration to independent directors now effective

Payal Agarwal | Executive (payal@vinodkothari.com)   Highlights   Introduction Independent directors (IDs) are a crucial part of corporate governance structure; however, their remuneration is currently solely by way of sitting fees and a “profit-linked” commission[1]. Profit is something which is completely dependent on business models, a whole matrix of internal and external factors, and something […]

Risk-based Internal Prescription for Audit Function

Qasim Saif | Executive (finserv@vinodkothari.com) Updated as on June 11, 2021 Introduction It is a well-known fact that an independent and effective internal audit function is of special importance to all corporates for mitigation of their risk. And it has increased importance for a financial sector entity as it provides for reasonable assurance to the […]

Fragmented framework for perfection of security interest

Introduction An interesting question of law came up for consideration by way of appeal before National Company Law Appellate Tribunal (NCLAT) in Volkswagen Finance Private Limited v. Shree Balaji Printopack Pvt. Ltd.[1]  The brief facts of the case involved a car financing company, which extended a car loan to the corporate debtor. The car financier […]

Conflicting provisions on CSR applicability under CA, 2013 & CSR Rules

CSR Rules require further tailoring to fit CS Ajay Kumar K V | Vinod Kothari and Company Corporate Social Responsibility (‘CSR’) framework in India has always been adaptive to changing times and has witnessed quite an evolution. The basic idea behind the CSR provisions was to promote responsible and sustainable business philosophy at a broad […]

Introduction to Covered Bonds

Covered Bonds have the potential to disrupt the traditional financing market. This presentation provides a basic understanding of covered bonds. It deals with the concept of covered bonds, the history of origination of the concept, features, and benefits of covered bonds and how they differ from corporate bonds and MBS. Our video on the topic […]

MCA notifies abridged annual return for small companies after 4 years

Carries out corrective changes in MGT Rules By CS Aisha Begum Ansari, Assistant Manager, Vinod Kothari & Company aisha@vinodkothari.com Introduction Four years after proposing amendment in Section 92 (1) of Companies Act, 2013 (‘Act’), Ministry of Corporate Affairs (MCA) notified the amendment in Companies (Amendment) Act, 2017[1] with effect from March 5, 2021. The aforesaid […]