Entries by Staff Publication

The cult of easy borrowing: New age NBFCs ride high on tempting loan offers

-Rahul Maharshi and Kanakprabha Jethani (finserv@vinodkothari.com)   “यावज्जीवेत्सुखं जीवेत् ऋणं कृत्वा घृतं पिबेत् | भस्मीभूतस्य देहस्य पुनरागमनं कुतः ||” The ancient couplet from the Charvak Darshan, in Indian mythology is popularly known as the philosophy of life. There are various interpretations of the above, in general, the meaning of the above couplet gives us a […]

Prosecution of company directors for day-to-day operational issues: SC ruling provides relief

By Dibisha Mishra (dibisha@vinodkothari.com; corplaw@vinodkothari.com) Introduction: While directors are the brain and neural control center of companies, but it is evident that the day to day affairs of  companies are not run by the board of directors , or even the executive directors of companies. Under circumstances can directors be prosecuted, merely because they hold […]

Introduction of Digital KYC

Anita Baid (anita@vinodkothari.com) The guidelines relating to KYC has been in headlines for quite some time now. Pursuant to the several amendments in the regulations, the KYC process of using Aadhaar through offline modes was resumed for fintech companies. The amendments in the KYC Master Directions[1] allowed verification of customers by offline modes and permitted […]

Provisions relating to DVR & DRR- stands amended

Amendments introduced in Companies (Share Capital and Debentures) Amendment Rules, 2019 by Smriti Wadehra (smriti@vinodkothari.c0m) The recent Notification of Ministry dated 16th August, 2019 has amended the provisions of Companies (Share Capital and Debentures) Rules, 2014 with respect to quantum of holding of equity shares with differential voting rights by a Company and provisions pertaining […]