Companies (Amendment) Act, 2017

In line with the ongoing narrative of investor protection and ease of doing business in India, the government has introduced various amendments to the Companies Act, 2013 (“2013 Act”) through the Companies (Amendment) Act, 2017 (“Amendment”), subject to the provisions of the Amendment being brought into force. The Amendment is a result of the recommendations…

Operational Modalities for Strategic Investments in REITs And InvITs

In 2014, SEBI notified special laws governing Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) to promote fractional participation over real estate and infrastructural assets. REITs and InvITs were intended to come as a respite to the developers facing a liquidity crunch and to open a new investment product for investors. However, despite…

Consultation Paper on Segregation of Investment Advice and Distribution

On January 2, a consultation paper was issued by SEBI, prohibiting individuals and entities from simultaneously providing advisory and distribution services in relation to the financial products. SEBI has proposed a deadline of March 31, 2019, for existing distributors also providing advisory services to discontinue one. It is important to note that this is a…

Budget 2018: How Finance Minister Arun Jaitley has made interesting changes to financial regulations

[This article is written by Sandeep Parekh, Founder, Finsec Law Advisers and published in Economic Times on February 02, 2018] The Budget 2018 attempts to juggle the competing interests of various people to maximise political, fiscal and economic capital. The Budget 2018 made some interesting changes to financial regulations. First, the reintroduction of capital gains tax was…

SEBI order in the matter of PwC

In an order passed on January 10, the Whole-time member of SEBI has prohibited 11 accountancy firms associated with the U.K. based company – PricewaterhouseCoopers (PwC firms), from issuing a certificate of audit for 2 years to the public companies listed on any recognized stock exchange in India for violating the provisions of SEBI (Prohibition…

© Finsec Law Advisors | 2018
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