Entries by Kaushal Shah

Harmonising computation for concentration limits across NBFCs

– Kaushal Shah, finserv@vinodkothari.com  Reserve Bank of India (RBI) has recently announced amendments to the Credit and Investment concentration norms, specifically targeting Base and Middle Layer Non-Banking Financial Companies (NBFCs). The circular, dated January 15, 2024, brings about notable changes aimed at ensuring uniformity and consistency across NBFCs while computing the concentration norms.  What has […]

CG norms for REITs and InvITs aligned with equity-listed entity

Kaushal Shah, Executive | kaushal@vinodkothari.com SEBI prescribed format for reporting CG compliance Background In order to promote transparency and safeguard the interests of unitholders, SEBI recognizes the importance of streamlined governance practices for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). With the existence of 5 registered REITs and 21 InvITs, SEBI aims […]

Residual income from REITs and InvITs now covered under section 56 of Income-tax Act.

– Kaushal Shah, Executive | kaushal@vinodkothari.com Background Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are two of the most important investments in the real estate and infrastructure sectors. REITs provide investors with a way to invest in real estate without having to own physical assets, while InvITs allow investors to invest in […]

SEBI Circular | Operational guideline on Scheme of arrangement for entities having listed NCDs/ NCRPS

– Kaushal Shah, Executive | kaushal@vinodkothari.com Read our related resources on the recent 6th LODR amendments : SEBI rationalizes ID appointment and removal process for first term Re-appointment process to be rationalized post amendment in CA, 2013 SEBI LODR amendments: Minority say in independent directors, added regulations for debt issuers SEBI notifies amendments in LODR […]

SEBI rationalizes ID appointment and removal process for first term Re-appointment process to be rationalized post amendment in CA, 2013

– Kaushal Shah, Executive | kaushal@vinodkothari.com Read our related resources : SEBI LODR amendments: Minority say in independent directors, added regulations for debt issuers SEBI notifies amendments in LODR for NCS entities Scheme of Arrangement | Submission of financial results & line items | Transfer to IPEF for unclaimed NCS amounts by body corporate