IndiaCorpLaw

Tag: Securities Regulation

  • REITs on the Anvil

    [Posted by Umakanth Varottil] Real estate investment trusts (REITs) are similar to mutual funds. However, unlike mutual funds that usually hold securities, the underlying assets held by REITs are constituted by real estate properties. Investors in REITs can participate in returns from these real estate investments. The last couple of years have seen a boom…

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  • Promoters’ Contribution; SEBI Ruling in the Reliance Power Case

    [Posted by Umakanth Varottil] In its order passed yesterday, the Securities and Exchange Board of India (SEBI) ruled that shares acquired by the promoters of Reliance Power Limited (RPL) pursuant to a scheme of amalgamation approved by the High Court of Bombay would be eligible for computation of promoters’ contribution under the SEBI (Disclosure and…

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  • Climate Change Disclosure

    [Posted by Umakanth Varottil] In an article titled “Making Impact Disclosure Mandatory” that appeared in the The Hindu Business Line on December 06, 2007, I have argued for imposing mandatory requirements on climate change disclosures by companies. Despite the wide range of risks and opportunities that climate change presents to the corporate sector, the level…

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