Clipped from: https://www.business-standard.com/article/markets/moratorium-hides-asset-health-of-psbs-helps-banks-post-lower-npas-120062600028_1.htmlCanara Bank and Punjab National Bank have up to 30 per cent of their loan book under moratorium The results of public sector banks (PSBs) for
Category: IBC-SEBI
Sebi relaxes pricing norms for preferential issues of listed companies | Business Standard News
Clipped from: https://www.business-standard.com The new pricing formula for allotment of shares under the preferential issue will be higher of the average 12-week price or 2-week price.
One-time loan recast for India Inc may come up at Friday’s RBI board meet | Business Standard News
Clipped from: https://www.business-standard.com The virtual meeting of the central board will be its first since the outbreak of Covid-19 Finance Minister Nirmala Sitharaman said on Thursday
Short-term relief: Easier norms for firms to raise funds – The Financial Express
Clipped from: https://www.financialexpress.com At a board meeting, the regulator allowed companies to acquire shares via bulk and/or block deals, during open offers, and also amended the
JSW Steel seeks time till March to close BPSL deal – The Economic Times
Clipped from: https://economictimes.indiatimes.com The company has sought “flexibility up to March 31, 2021, for implementation” of the Rs 19,700 crore resolution plan due to the “dislocation
Vasan Health creditors move NCLT seeking adjudication – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com A batch of 10 unsecured financial creditors, presumably private financiers of Vasan Health Care, have moved the National Company Law Tribunal seeking adjudication
Three year old Amtek Auto case nears completion – The Economic Times
Clipped from: https://economictimes.indiatimes.com The three year old case for the resolution of bankrupt Amtek Auto could finally see completion this week after the Supreme Court (SC)
Softening the Covid blow: MCA again extends timeline for creation of a deposit repayment reserve by 3 months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Also allows three more months for India Inc to invest 15% of maturing debentures in liquidity instruments The Corporate Affairs Ministry (MCA) has
Operating without a code: Suspension of IBC okay, but there’s scope for further fine-tuning – The Financial Express
Clipped from: https://www.financialexpress.com/ In anticipation of the suspension of the Insolvency Code, the stakeholders had already voiced their opinion against taking away the ability of a
Foreign buying in some firms may breach FDI limits in subsidiaries — The Economic Times
Clipped from: https://economictimes.indiatimes.com Foreign buying in some firms may breach FDI limits in subsidiaries New rules allow full foreign ownership in listed companies unless the firm
Easier equity funding | Business Standard Editorials
Clipped from: https://www.business-standard.com Sebi’s move a relief for cash-strapped companies The Securities and Exchange Board of India (Sebi) last week released an amended set of guidelines on takeovers
Sebi’s sensible move on promoter stake
Clipped from: https://economictimes.indiatimes.com It is welcome that capital markets regulator Securities and Exchange Board of India (Sebi) has eased fund-raising norms for listed companies, amidst the
Limited liability should mean something–Economic Times
The concept of limited liability arguably underpins the upsurge in prosperity since the Industrial Revolution. The facility of limiting one’s risk in an enterprise to
DHFL Q4 loss widens to ₹7,635 crore on fair value changes in loan portfolio – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com The net loss of scam-hit Dewan Housing Finance Corporation Ltd (DHFL) widened in the fourth quarter of FY20 to ₹7,635 crore, against ₹2,223 crore in
After 70 per cent jump in FY20, liquidation cases under IBC set to surge amid Covid crisis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com While recent amendment bans insolvency on Covid defaults, 3,774 cases already admitted under IBC face a dim future With the Covid-19 pandemic causing
IBC: Government’s Covid-19 insolvency relief may be a double-edged sword – The Economic Times
Clipped from: https://economictimes.indiatimes.com The directives of the Central Government to tide over these trying times are laudable. However, many of these changes are myopic and will
Independent directors – The evolving company resource during a pandemic – The Economic Times
Clipped from: https://economictimes.indiatimes.com Independent directors are appointed for their expertise in particular areas of corporate governance. Their tenure of five years on their company’s Board of
Amrapali case: ED to question JP Morgan officials including Chinese director – The Economic Times
Clipped from: https://economictimes.indiatimes.com The apex court said that the money would be used for completing the pending projects of the now defunct Amrapali Group. Officials probing
Supreme Court seeks govt response on plea challenging IBC Act validity – The Financial Express
Clipped from: https://www.financialexpress.com The apex court also asked parties to maintain a status quo with regard to the pending applications filed by homebuyers with the NCLT
Supreme Court: Consider interest waiver during moratorium – The Financial Express
Clipped from: https://www.financialexpress.com Earlier, the RBI had also informed the SC that any “forced” interest waiver on loan moratorium will risk financial viability and hurt banks
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