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47 search results for: NCS

12

Mandatory listing for further bond issues

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“Listed once, always go for listing” to apply for new bond issues; optional for existing unlisted issuances Vinita Nair | Vinod Kothari & Company | corplaw@vinodkothari.com June 29, 2023 (updated on September 21, 2023) Background SEBI approved the proposal for mandatory listing of debentures/ NCDs, in its Board meeting held on June 28, 2023, for […]

13

CG norms for REITs and InvITs aligned with equity-listed entity

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Kaushal Shah, Executive | kaushal@vinodkothari.com SEBI prescribed format for reporting CG compliance Background In order to promote transparency and safeguard the interests of unitholders, SEBI recognizes the importance of streamlined governance practices for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). With the existence of 5 registered REITs and 21 InvITs, SEBI aims […]

14

Financing transition from “brown” to “green”

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SEBI prescribes additional requirements for transition bonds – Mahak Agarwal, Executive | corplaw@vinodkothari.com Need for transition finance As climate change and its impacts continue to remain one of the major concerns of any economy, transition finance is a step towards effectively transforming carbon emissions and combating climate change. ‘Transition Bonds’, as the word speaks for […]

15

Legal Entity Identifier Code now mandatory for bond issuers

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Ajay Ramanathan, Executive | ajay@vinodkothari.com Background Legal Entity Identifier (LEI) Code is a unique 20-digit code used to identify legal entities that engage in financial transactions worldwide in order to improve the quality and accuracy of financial data systems for better risk management post the global financial crisis by establishing a global reference system. Prior […]

16

RBI Framework for Green Deposits

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– Team Finserv | finserv@vinodkothari.com Climate change is clearly one of the most pertinent regulatory themes in recent times, as the move to sustainable business practices and energy efficient technologies need massive funding.  The availability of finance for move to sustainability has an important role to play in mitigating climate change. To this effect, RBI […]

17

Entering in FY 23-24: Regulatory review of corporate law developments

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– Payal Agarwal, Deputy Manager (payal@vinodkothari.com) As the new financial year 23-24 commences, we look back at where we stand at the end of FY 22-23, in terms of the regulatory developments. While there has been no substantial traffic in terms of regulatory developments to the Companies Act, the migration of various forms in MCA’s […]

18

Melt-down of Market-linked debentures, Debt mutual funds get fatal blow

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No grandfathering for MLDs, prospectively, tax benefit for debt mutual funds goes away -Vinod Kothari and Aanchal Kaur Nagpal finserv@vinodkothari.com As expected, the Finance Bill, 2023 was passed on March 24, 2023 by Lok Sabha within minutes. With a huge amount of changes including several newly inserted provisions, the so-called amendments were actually a Bill […]

20

Debenture trustees’ nominees on Corporate Boards: FAQs

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– Team Corplaw | corplaw@vinodkothari.com Table of Contents Appointment of Nominee director Disqualification under CA, 2013 Resignation, removal Roles, responsibilities and liability Board composition Applicability and immediate actionable under present amendment Brief Introduction A Nominee Director is a representative of a stakeholder/ stakeholder group (“nominator”), put by the nominator on the board of a company, […]