Section 71(6) of the Companies Act, 2013, read with Rule 18(3)(e) of the Companies (Share Capital and Debentures) Rules, 2014, mandates that the Debenture Trustee shall appoint a nominee director in the event of certain defaults by the issuer company. This requirement is further echoed in Regulation 15(1)(e) of the SEBI (Debenture Trustees) Regulations, 1993.
Explore importance of abridged prospectus in IPOs, its current accessibility challenges, and need for SEBI intervention to protect retail investors in the IPO frenzy.
SEBI’s Smart ODR initiative and its implications for the Indian securities market. Is it truly a smart move, and are ODR institutions up to the task? Delve into the details.
Learn about RBIs new digital lending guidelines and how they protect the interests of borrowers in the rapidly growing digital lending industry.
The Reserve Bank of India introduced Integrated Ombudsman Scheme, 2021 on 12th November, 2021. This scheme amalgamates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme, framed by the Reserve Bank […]
