Jayshree P Upadhyay

India: Bitcoin exchanges may come under ED scanner for forex rules violations

If the I-T department concludes that bitcoin is a currency, it would establish a clear violation of the Foreign Exchange Management Act (FEMA).

India: IBC ordinance may disqualify global PE funds from buying troubled assets

The changes to the Insolvency and Bankruptcy Code (IBC), aimed at preventing errant promoters from regaining control of their assets.

Large Indian IPOs need to be more broad-based, says NSE’s Vikram Limaye

He also said NSE’s own IPO will happen only after issues surrounding allegations of providing unfair access to some brokers are resolved.

India market regulator Sebi eases fundraising norms for REITs, InvITs

It has allowed them to raise funds through debt securities and also permitted single-asset REITs to boost the instruments.

India: NCLT okays first insolvency resolution scheme under IBC

The bankruptcy law, which was passed by Parliament in May 2016, came into effect from December.

India: Promoters look to stay close as companies begin insolvency process

Promoters of some companies where insolvency and bankruptcy proceedings have been triggered are taking on operating roles to remain close to the action when the insolvency professional takes over. Take, for instance, Bhushan Steel Ltd, one of the 12 companies which the Reserve Bank of India has identified for triggering… Read more »

India: Jyoti Structures first to face bankruptcy proceedings under new law

The National Company Law Tribunal (NCLT) on Tuesday approved bankruptcy proceedings for power infrastructure company Jyoti Structures Ltd, making it the first among the 12 cases referred by the central bank under India’s new Insolvency and Bankruptcy Code (IBC). The tribunal’s order came on an insolvency application filed last week by the… Read more »

India: Sebi to consider cutting IPO listing time to 4 days

Sebi plans to reduce listing time from 6 days currently and trim the size of share sale documents.

India: Conditional SEBI nod for appointment of Vikram Limaye as NSE CEO

Offer conditional on Limaye being relieved from a court-appointed panel of cricket administrators.

India: Ravi Narain quits NSE board amid Sebi probe

This is the second high-profile exit from NSE within a span of six months.