Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/jury-is-still-out-on-whether-bankrupt-companies-be-allowed-to-trade-on-bourses/articleshow/83875278.cmsSynopsis Retail shareholders are often at the losing end of bankruptcy resolutions at companies. Among other recent examples, hundreds of thousands of retail shareholders
Category: IBC-SEBI
DHFL retail investor moves NCLAT against delisting of shares – The Financial Express
Clipped from: https://www.financialexpress.com/industry/dhfl-retail-investor-moves-nclat-against-delisting-of-shares/2278691/ On June 7, National Company Law Tribunal (NCLT) had approved the resolution plan of Piramal Capital and Housing Finance (PCHFL) which offered to
Sebi mulls new, easier framework for companies to delist post open offer | Business Standard News
lipped from: https://www.business-standard.com/article/markets/sebi-mulls-new-easier-framework-for-companies-to-delist-post-open-offer-121062501048_1.html Aims to remove sequentially contradictory transactions in the takeover process The move, according to industry experts, means around Rs 35,000 crore each will
Sebi looks to broaden IPO reach, plans to rope in payment banks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-looks-to-broaden-ipo-reach-plans-to-rope-in-payment-banks-121062501670_1.html Considers allowing payments banks, SFBs to handle application process; decision likely in Tuesday’s meeting An announcement in this regard is expected at the
Auditing the auditors: A case of too many cooks? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/auditing-the-auditors-a-case-of-too-many-cooks/article34975935.ece The NFRA was set up as a super regulator for the auditing profession. It needs more resources and legal teeth to be effective
SEBI mulls new norms to make it easier for companies to delist after open offer – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-mulls-new-norms-to-make-it-easier-for-companies-to-delist-after-open-offer/article34977208.ece Here the acquirer must state in the first public announcement, triggered by the mandatory tender offer, whether delisting is intended In a bid
Post DHFL acquisition, PEL better placed to work on demerger plans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/post-dhfl-acquisition-pel-better-placed-to-work-on-demerger-plans/article34962376.ece?homepage=true Demerger and eventual listing of its financial services and pharma businesses in the works Upbeat about prospects in the current fiscal, Piramal Enterprises
Wadhawan plans to challenge NCLT nod to Piramal’s resolution plan for DHFL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/wadhawan-plans-to-challenge-nclt-nod-to-piramals-resolution-plan-for-dhfl/article34972615.ece?homepage=true Move could delay full resolution of the housing finance firm Kapil Wadhawan, former promoter of Dewan Housing Finance Corporation Ltd (DHFL), plans to
Headless NCLT awaits reforms to speed up resolution of pending cases | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/headless-nclt-awaits-reforms-to-speed-up-resolution-of-pending-cases-121062500038_1.html Over 20K cases pending and more than half linked to insolvency, bankruptcy Experts said NCLT had a sanctioned strength of 63 members just
Question of value – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/preferential-issues-by-stressed-companies-need-to-be-priced-with-more-rigour/article34954328.ece?homepage=true Preferential issues by stressed companies need to be priced with more rigour The last word has not yet been said in PNB Housing
Shares up post Carlyle deal, top PNB Housing execs sold off ESOPs | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/companies/shares-up-post-carlyle-deal-top-pnb-housing-execs-sold-off-esops-7374664/ In fact, between June 2 and June 22, at least 23 senior executives of the company sold their shares worth an aggregate of
RBI tightens dividend payout norms for NBFCs, links them to bad debt | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-tightens-dividend-payout-norms-for-nbfcs-links-them-to-bad-debt-121062401448_1.html NBFCs can give dividend only if accounts are clean, NPAs not hidden, and are below 6 per cent for the last three years
MCA expands small firm definition, raises turnover and borrowing limits | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mca-expands-small-firm-definition-raises-turnover-and-borrowing-limits-121062400055_1.html This would enable a wider set of companies to avail of greater flexibility in the accounting standards, according to a notification issued on
sebi: Sebi board to focus on independent directors next week, discuss appointment and removal rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-board-to-focus-on-independent-directors-next-week-discuss-appointment-and-removal-rules/articleshow/83797214.cms SynopsisThe Sebi board, which will meet on June 29, will also discuss a liberalised ownership framework to allow new entrants to set up
Forced rescue – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-and-the-centre-must-do-their-best-to-ensure-that-the-pmc-bank-resolution-works/article34935111.ece?homepage=true RBI and the Centre must do their best to ensure that the PMC Bank resolution works Afer 20 months of being left out
DHFL creditors vote against higher distribution of funds to small investors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/dhfl-creditors-vote-against-higher-distribution-of-funds-to-small-investors/article34932244.ece?homepage=true NCLT had suggested 40% recovery to small investors similar to that of financial creditors The Committee of Creditors of Dewan Housing Finance Corporation
Long haul ahead | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/long-haul-ahead-121062301934_1.html Jet Airways revival will be a challenge for new owners The National Company Law Tribunal has cleared the revival plan for Jet Airways,
Suraksha group beats NBCC India in close race to buy Jaypee Infratech | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/suraksha-group-beats-nbcc-india-in-close-race-for-jaypee-infratech-121062301561_1.html It’s a photo finish with Suraksha getting 98.66% votes, while NBCC gets 98.54% All lenders, except ICICI Bank, voted in favour of both
Lessons from resolution of Jet Airways – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/lessons-from-resolution-of-jet-airways/articleshow/83790052.cmsSynopsis The company had received claims of nearly Rs 25,000 crore, of which the resolution professional admitted Rs 8,462 crore as legitimate claims. The
MCA raises threshold of small and medium companies in updated accounting standards rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-raises-threshold-of-small-and-medium-companies-in-updated-accounting-standards-rules/articleshow/83782962.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis According to the notification on Wednesday, SMCs have been defined as unlisted firms with a turnover not exceeding Rs 250 crore and with
aniltikotekar4sme.com 