NATIONAL INSTITUTE OF VALUERS
Why Sebi's decision on AIF certification is need of the hour and should be welcomed
Sebi mandates that at least one key personnel on the investment team of an AIF manager must have NISM certification. The regulation aims to signal legitimacy, promote lifelong learning, and create a talent pool in the investment industry.
ICICI Securities minority investors to challenge delisting
The private lender's scheme of arrangement to delist ICICI Securities received approval from the subsidiary's public shareholders in a voting process last month.
Guidelines relaxed for naming IDBI Bank valuer
ET had reported on September 7 that the government's request for proposal (RFP) to appoint an asset valuer for IDBI Bank had made it mandatory for valuers to be registered with the Insolvency and Bankruptcy Board of India (IBBI). It had also set a turnover threshold whereby the registered valuer entities should have posted annual turnover of ₹5 crore a year for three consecutive years to be eligible to apply for the assignment.
Stronger valuation rules in works for assets under IBC
Last month, Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mittal had pitched for a globally-accepted, "well-structured and comprehensive standards framework" for the valuation of stressed firms under the IBC.
Indiabulls-Embassy merger will create one of India’s largest listed real estate development company, says Jitu Virwani
Embassy Group is planning to restructure debt and focus on residential and commercial businesses following the merger with Indiabulls Real Estate amid concerns raised about valuation and land litigation that halted the merger. The NCLT withheld the merger due to objections raised by the IT department, despite dismissing the minority shareholder's concerns.
Embassy Property plans to divest assets soon to pare debt by over 30%
Embassy Property Development, a leading real estate firm, intends to slash its debt of ₹8,800 crore by more than a third in the upcoming two quarters by divesting specific assets, including its office park in Chennai spanning 5 million square feet, a development known as N2 within Embassy Manyata Business Park covering 1.6 million square feet, and an additional 1 million square feet of office property.
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Nirmala Sitharaman Budget 2023 Speech: Here is the full text
This Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous and inclusive India, in which the fruits of development reach all regions and citizens, especially our youth, women, farmers, OBCs, Scheduled Castes and Scheduled Tribes, FM said.
Stocks in the news: Wipro, Kotak Bank, Paytm, NMDC, Phoenix Mills and Yes Bank
Private equity majors The Carlyle Group and Advent have got the Reserve Bank's nod to own up to 9.99 per cent in the private sector lender Yes Bank.
Why India may not face FTX kind of cryptocurrency meltdown
As the rules stand now, all securities are held by the clients at depositories and unused funds are sent back into customer accounts periodically. This places Indian regulation ahead of several jurisdictions where brokers have free access to client securities and funds.
IBC: There's a need to bring necessary balance in the CoC’s composition
In the overall IBC scheme of insolvency resolution, the CoC has a pivotal role. The robustness of the resolution plan hinges upon the integrity and competence of the CoC. But are CoCs are up to the job? There have been, in the recent past, cases that have cast aspersions on CoCs' conduct.
Sebi bars PNB Housing shareholders from voting on Rs 4,000 cr-Carlyle deal
The transaction, which has come under the lens of Sebi and Reserve Bank of India (RBI) following concerns raised in certain quarters, including by a proxy advisory firm, would eventually see private equity major Carlyle group taking control of PNB Housing Finance, which is a subsidiary of Punjab National Bank.
Some minority stakeholders, proxy firms criticise PNB HF-Carlyle deal
Violation of AoA, alleges advisor SES; company & FinMin officials say no regulatory breach
View: Reviving growth should be the main focus of Budget 2021
Growth is the magic elixir that alone can ward off a fresh banking crisis, further collapse in employment and greater distress. And growth calls for investment — triggering it should be the focus of Budget 2021.
Parliament nod awaited for Valuers Bill
The Bill is in circulation to get suggestions and opinions from the stakeholders and general public after which it would be placed before both Houses of Parliament, IOV president P K Thiagarajan told reporters here.
Business Valuation: How much is your Business worth?
Corporate valuations form the basis of corporate finance activity including capital raising, M&A and also to meet regulatory requirements.
Government mulls setting up national institute of valuers on the lines of ICAI
The valuation profession deals with valuation of various assets such as the plant and machinery or the land and buildings of a company among others. Currently the Companies (Registered Valuers and Valuation) Rules, 2017, regulates valuation procedures for the mentioned assets.
Govt mulls national institute for valuers
The Companies Act, 2013 provides a comprehensive framework for development and regulation of the profession of valuers.
Chartered accountants facing 'most heat today' as norms are strong: Corporate Affairs Secretary Injeti Srinivas
The remarks of Corporate Affairs Secretary come at a time when the role of auditors has come under the scanner for alleged violations, including in the IL&FS case.
Bad loans: Is this really resolution or just another waiver? Here is Jaitley's answer
Jaitley here puts in perspective and clear doubts about a complex banking and accounting issue.
Government seeks asset valuer for Air India stake sale
Govt has given its in-principal approval for disinvestment of the debt-laden Air India and has constituted a group of ministers to chart out the future course of action.
The Harshad Mehta case: Where time has overtaken justice by a mile
Mehta had two – three store rooms filled with share certificates and related documents, affirms a lawyer who knew him before the scam was uncovered.
Besides Rs 515 crore, Vijay Mallya lands a property deal from Diageo for leaving USL
Mallya will get a 10 per cent discount on three of these prime USL properties, one each in Goa, Delhi and Mumbai, as was revealed on an analyst call.
Corporate Affairs Ministry's three-stage plan to execute remaining 40% of new Companies Law
In the next six months, the ministry plans to notify sections related to valuation, which includes registering certified valuers.
Can the RBI stem wilful defaults in banking?
"The new norms proposed by the central bank will either push the banks towards better lending practices or lead to their demise if they fail to match up."
Coal block allotment: Getting the auctions right
The current controversy over the coal block allotment is perhaps the latest and one of the most sordid examples of inefficient allocation of national resources.
Do you need to pay tax on receiving a gift?
If value of the gifts received by you during a year is above Rs 50K, you will have to pay tax on it. However, there are few exceptions to this rule.
All you wanted to know about Wealth tax
All citizens are liable to pay wealth tax on specified assets. One also incurs wealth tax liability if one is a resident with assets abroad. As you can’t escape this tax.
'Govt doesn't want to be a spy in the boardroom'
The new minister for corporate affairs spoke about the laws and regulations governing various vehicles of businesses and the proposed changes in them in an exclusive interview.
New Companies Bill would not dilute regulation
The self-regulation would be fortified with more mandatory disclosures, enhanced shareholder democracy, greater protection of shareholder rights and amplified enforceability of penal measures.
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