Forex Losses on FCCBs – An Overview
Publication: Taxmann’s Corporate Professionals Today, March 2009 Article Summary: This article analysed the challenges arising from foreign exchange losses on Foreign Currency Convertible Bonds (FCCBs), particularly in the aftermath of the global financial crisis. FCCBs were widely used by Indian companies as a cost-effective financing instrument, offering low interest rates and the option of conversion […]
Employee Stock Option Schemes – An Analysis
Publication: SEBI & Corporate Laws, February 2009 Article Summary: This article analysed the concept, regulatory framework and practical implications of Employee Stock Option Schemes (ESOS) in India. It explained ESOS as a mechanism through which employees were granted the right to acquire shares at a predetermined price, aligning their interests with the long-term growth of […]
FCCB Issues: A Boon or Bane
Publication: Taxmann’s Corporate Professionals Today, January 2009 Article Summary: This article analysed Foreign Currency Convertible Bonds (FCCBs) as a prominent instrument used by Indian companies to raise funds from international markets. FCCBs were structured as quasi-debt instruments carrying a fixed interest rate with an option to convert them into equity shares at a predetermined price, […]
External Commercial Borrowings – An Overview
Publication: Taxmann’s Corporate Professionals Today, December 2008 Article Summary: This article provided a comprehensive overview of External Commercial Borrowings (ECBs) as an important source of international financing for Indian companies. ECBs were described as commercial loans raised from non-resident lenders in foreign currency, including bank loans, buyers’ credit, suppliers’ credit and securitised instruments, typically with […]
Corporate Restructuring under the Companies Bill, 2008 – A Critical Analysis
Publication: Chartered Secretary, December 2008 Article Summary: This article critically analysed the proposed framework for corporate restructuring under the Companies Bill, 2008, which sought to replace the Companies Act, 1956 with a more contemporary regulatory structure. It examined key provisions relating to compromises, arrangements, mergers, and amalgamations, highlighting both improvements and structural concerns. A significant […]
Legal Issues in Real Estate Sector – A Bird’s Eye View
Publication: Chartered Secretary, November 2008 Article Summary: This article provided a comprehensive overview of key legal and regulatory issues governing real estate transactions in India, highlighting the importance of due diligence and legal awareness for investors and end users. It explained foundational concepts such as the distinction between leasehold and freehold properties, emphasising how ownership […]
Issue of Shares through Book-Building – An Overview
Publication: SEBI & Corporate Laws, May 2003 Article Summary: This article analysed the book-building mechanism for issue of shares under SEBI (Disclosure and Investor Protection) Guidelines, highlighting its process, regulatory framework, and implications for different categories of investors. It explained that book-building involves price discovery through investor bidding within a specified price band, unlike traditional […]
Stop MNCs from Deserting Stock Market
Publication: SEBI & Corporate Laws, July 2002 Article Summary: This article critically examined the then prevalent trend of multinational companies (MNCs) to delist their Indian subsidiaries from stock exchanges through open offers, highlighting its adverse implications for investors and the capital market. It explained that several MNCs were acquiring shares from public shareholders to convert […]
Derivatives Segment: The Rising Sun of the Stock Market
Publication: SEBI & Corporate Laws, July 2002 Article Summary: This article examined the emergence and growing significance of derivatives in the Indian stock market, particularly following their introduction in 2000. It explained that derivatives derive their value from underlying assets such as stocks, indices, commodities, or currencies, and function primarily as instruments for risk management, […]
Investor Education & Protection Fund – An Overview
Publication: SEBI & Corporate Laws, June 2002 Article Summary: This article analysed the operational framework of the Investor Education and Protection Fund (IEPF) under Section 205C of the Companies Act, 1956, as inserted by the Companies (Amendment) Act, 1999. It explained that the primary objective of the fund was to protect investors’ interest and promote […]