Page 3 - Indian Promoters

IBC rule on personal guarantees no help to promoters blaming managers

Payment of bank loans by a company is an obligation under the contract law and fraud by professionals is a criminal matter, says government official.

Promoter pledging hits three-year high in August at 1.86% of market cap

Value of pledged shares soared 56% to Rs 2.77 trillion in August from Rs 1.78 trillion at the end of July

SC decision on Anil Ambani guarantee to decide fate of other promoters

Banks plan to invoke personal guarantees in 40 cases

Promoters of loan defaulting companies to soon face crackdown by lenders

With apex court's backing, banks to speed up enforcing personal guarantees

Promoters tightened grip with stake hikes in 500 firms during March panic

Expets say they may have seen sharp correction caused by Covid-19 as an opportunity to consolidate holdings and send a signal to the market on their companies' intrinsic value even as stock prices cra

Sebi relaxes 25% minimum public shareholding norms, deadline postponed

Experts said Sebi's relaxation would also benefit companies where promoter holding had increased beyond 75 per cent because of open offers or other acquisitions.

Promoter pledging hit a six-month high on sustained decline in markets

More than Rs 15,300 crore of fresh pledges created in March as falling stocks prices force promoters to offer additional shares of their firms

Defaulting promoters may get lifeline, lenders may defer pledged share sale

However, this isn't a blanket policy and will be implemented on a case-by-case basis; accounts granted relief will undergo supervisory review

Companies likely to change dividend tax policy after Budget changes

Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income

Common man bears the cost of wilful default as promoters destroy wealth

Opacity and lack of regulatory compliance is high among such promoters

Year of reality check

From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real

Swinging fortunes: Rich list shrinks, but top 10 add $40 billion to wealth

Richest 10 account for 41% of promoter wealth, up from 33% in December 2018

Regulators working on tighter norms for promoter pledged share funds

RBI, Sebi, Irdai and PFRDA to work closely on new framework

Norms relaxed for shares with differential voting rights to boost start-ups

In a fillip to startups, the government has relaxed norms for shares with differential voting rights that will help such companies to retain control while raising equity capital. With the amended rules, companies can now have up to 74 per cent Differential Voting Rights (DVR) shares of the total post issue paid up share capital. The limit has been revised from 26 per cent. The corporate affairs ministry has amended the Companies (Share Capital & Debentures) Rules under the Companies Act. "Another Key change brought about is the removal of the earlier requirement of distributable profits for 3 years for a company to be eligible to issue shares with DVRs," the ministry said in a release on Friday. According to the ministry, the initiatives have been taken in response to requests from innovative technology companies and startups. It would also "strengthen the hands of Indian companies and their promoters who have lately been identified by deep pocketed investors worldwide for ...

Hard choice for promoters of stressed businesses: Sell stake or cash out

Promoters are assessing potential future areas of stress in their businesses and deciding to give up majority stakes rather THAN go to the IBC

All work and no pay for these Indian promoters

Around 300 promoters serve their company boards for free