FDI in financial services sector: restrictions brought back but for unregulated entities
/0 Comments/in FEMA, Financial Services, Housing finance, NBFCs, SEBI /by Vinod Kothari ConsultantsRevamping private placement mechanism
/0 Comments/in Amendments to the Companies Act 2013, Companies Act 2013, Corporate Laws /by Vinod Kothari ConsultantsImplication of definitional change in related parties- As per the Companies (Amendment) Act, 2017
/0 Comments/in Corporate Laws /by Vinod Kothari ConsultantsBy Smriti Wadehra (corplaw@vinodkothari.com)
Introduction
The Companies Act, 1956 (“Act, 1956”) did not define the word ‘related party’, however, in 12th September, 2013, MCA enforced the relevant provisions of the Companies Act, 2013 (“Act, 2013”) which defined the above term for the first time, and ever since then the definition has been changing to broaden its scope.
Ministry has brought significant changes in the definition of related party through the Companies (Amendment) Act, 2017 (“Amendment Act, 2017”) which has been made effective from 9th February, 2018. In this article we have majorly covered the changes brought in the definition of related party and its implications from compliance perspective. Read more →
Comments on Discussion Paper on SEBI Compliance by listed corporate debtors
/0 Comments/in Insolvency and Bankruptcy, SEBI /by Vinod Kothari ConsultantsRBI’s First Monetary Policy for FY 2018-19
/0 Comments/in Banking Regulations, FEMA, Indian Accounting Standards (Ind AS), NBFCs /by Vinod Kothari ConsultantsAnita Baid
finserv@vinodkothari.com
The Reserve Bank of India (RBI) released its first monetary policy statement for FY 2018-19 on April 05, 2018[1] (‘Policy Statement’). The aforesaid statement sets out various developmental and regulatory policy measures for the financial sector. It aims at strengthening regulation and supervision; broadening and deepening financial markets; improving currency management; promoting financial inclusion and literacy; and, facilitating data management. Some of the major issues from the Policy Statement have been discussed herein below: Read more →
Cross border mergers will soon be reality
/0 Comments/in FEMA /by Vinod Kothari ConsultantsRBI notifies FEMA regulations for inbound & outbound mergers By CS Vinita Nair corplaw@vinodkothari.com The Reserve Bank of India (‘RBI’) on April 28, 2017 proposed draft of Foreign Exchange Management (Cross Border Merger) Regulations, 2017[1] which covered regulations in relation to merger, demerger, amalgamation or arrangements between Indian company (ies) and foreign company[2] (ies). These regulations were […]
