FAQs on Overseas Investment
– Team Corplaw | corplaw@vinodkothari.com
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Finance Companies / Units in International Financial Services Centre (IFSC)
– Anirudh Grover, Executive | finserv@vinodkothari.com
Table of Contents
Background
International Finance Service Centre (IFSC) is a designated zone physically situated in India but is not considered a part of India. As the name suggests, it is a designated centre set up for the purpose of enabling international financial services, the key word here being international. The purpose is not only to bring global funds into the country but also facilitate such transactions through this zone which otherwise would have been carried out by foreign branches of domestic entities. This purpose is intended to be achieved through establishment of various businesses such as banking units, fund management entities, finance companies etc. We have discussed in depth about the concept of IFSCs along with the applicability of the domestic regulatory framework in our write-up Financial entities in IFSC: A primer.
The objective of this paper is to picture a comprehensive image of all the aspects of finance entities starting from what is meant by finance companies to all the regulatory exposure it has to bear while undertaking any kind of activities.
Read more →Workshop on Insider Trading Framework for Mutual Funds
| Click here to register for the workshop – https://forms.gle/hFtagsmfBMpcgkP28 |
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Read our FAQs on “Insider Trading Framework for Mutual Funds“
Our PIT Resource Centre can be accessed here
FAQs on Insider Trading Framework for Mutual Funds
– Team Corplaw | corplaw@vinodkothari.com
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Also read our article on “Mutual Fund units now under the net of insider trading regulations“
Our PIT Resource Centre can be accessed here
Mutual Fund units now under the net of insider trading regulations
Effective November 1, 2024; numerous actionable for Asset Management Companies
Vinita Nair | Senior Partner, Vinod Kothari & Company
Updated as on October 23, 2024
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Refer to our related resources below:
Draft Master Direction on IT Governance, Risk, Controls and Assurance Practices
An analysis of its impact on NBFCs
– Team Finserv, Vinod Kothari Consultants | finserv@vinodkothari.com
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Our recent write-ups on financial services: https://vinodkothari.com/category/financial-services/
Financial entities in IFSC: A primer
– Parth Ved, Executive | parth@vinodkothari.com
Table of contents
Background
Flow of funds, just like a river, not only enriches its destination but also benefits all the stops it passes through. Having a financial hub, a stopover which enables routing billions and billions of global funds on a daily basis can definitely prove resourceful. London, New York, Singapore are some of the globally recognised financial centres, and needless to say these locations are at the forefront of financial development. India too has tried to tap into this with the setting up of GIFT-IFSC in Gujarat, and has tried to position itself as the next big global hub for financial transactions.
Through this write-up, the author tries to explain the concept of International Financial Services Centre and the applicability of domestic regulatory framework on entities set up therein.
Read more →IPO draft documents may be kept away from public view until SEBI/stock exchange observations, Issuers may choose an opportune time for public view
Deferred public disclosure of RHP in IPO/filing of pre DRHP in confidential mode
– Anushka Vohra, Manager | corplaw@vinodkothari.com
SEBI vide its notification dated November 21, 2022 has come up with SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2022 (“Amendment”), effective immediately, making changes in the existing SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR”) w.r.t. Initial Public Offer (“IPO”). The Amendment has introduced an alternate method for filing the draft IPO document, known as draft Red Herring Prospectus (DRHP).
Pursuant to this alternate method, the issuer will have the option to keep the information-rich DRHP confidential from the public at large until the issuer is sure to proceed with IPO i.e after receiving observation from SEBI on the draft RHP (“DRHP”) filed. Until such time, the issuer can interact with the QIBs only to gauge the market. Any kind of marketing of IPO apart from interacting with the QIBs is prohibited during this period.
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