Corporate Secretarial

Introduction In the realm of environmental finance, two primary concepts are under discussion: green credit programs (“GCP”) and carbon credits trading. Although these concepts share similar objectives, there are underlying distinctions between them. The Ministry of Environment, Forest, and Climate Change introduced the Draft Green Credit Programme Implementation Rules, 2023 (referred to as “Draft Rules”) …

Green Credit Programme and Carbon Credit Trading Scheme | An Overview Read More »

Indian Companies Permitted Direct Listing on International Exchanges Gift The Ministry of Finance (“MOF”), in exercise of its powers under Sections 46 (2) (aa) and 46 (2) (ab) of the Foreign Exchange Management Act, 1999 (“FEMA Act”) has amended the provisions of the  Foreign Exchange Management (Non-debt Instruments) Rules, 2019   (“FEMA   Rules”),   …

Direct International Listing Enabled for Indian Firms via GIFT City Read More »

In a significant move aimed at enhancing corporate governance practice among Indian companies, the Ministry of Corporate Affairs on October  27, 2023  notified an amendment to the Companies (Prospectus and Allotment of Securities) Rules, 2014, and has subjected private companies to norms of mandatory dematerialization of shares. Following are the key aspects of the amendment: …

New Mandatory Dematerialization Norms for Private Companies Read More »

Investment in real estate is often capital intensive which requires considerable market knowledge. Not every investor has the appetite or knowledge for such an investment. Furthermore, the past decade has shown considerable growth and returns in the commercial real estate market with people investing in real estate other than owning their home. This trend has …

Sebi To Regulate Fractional Ownership Platforms Read More »