Entries by Vinod Kothari Consultants

Corporate Restructuring- Corporate Law, Accounting and Tax Perspective

–Resolution Division  (resolution@vinodkothari.com) Restructuring is the process of redesigning one or more aspects of a company, and is considered as a key driver of corporate existence. Depending upon the ultimate objective, a company may choose to restructure by several modes, viz. mergers, de-mergers, buy-backs and/ or other forms of internal reorganisation, or a combination of two or […]

New Model of Co-Lending in financial sector

Scope expanded, risk participation contractual, borders with direct assignment drawn  -Team Financial Services (finserv@vinodkothari.com) Co-lending is coming together of entities in the financial sector – mostly, something that happens between banks and NBFCs, or larger banks and smaller banks. Financial interfaces between different financial entities may take the form of securitisation, direct assignment, co-lending, banking […]

Summary of the cartload of amendments introduced towards DTs and corporate bonds

SEBI implements measures proposed in the Consultation Paper on Corporate Bonds and Debenture Trustees -Aanchal Kaur Nagpal, Executive & Burhanuddin Dohadwala, Manager corplaw@vinodkothari.com Introduction: Owing to a wide array of defaults by various companies owning debt obligations SEBI, in order to secure the interest of the debenture holders, introduced various measures, particularly in respect of […]

FAQs on restructuring of securitised loans

– Kanakprabha Jethani, Ass. Manager (finserv@vinodkothari.com) Background The first half of this financial year came with lots of schemes to “apparently” support the financial sector during this time of crisis starting from moratoriums, restructuring, interest subvention and so much more. All these schemes were then adorned with an extension of their time limits, so much […]

Schemes of Arrangement under the Scanner

Listed Companies made subject to stricter scrutiny and multilevel approvals -Megha Mittal (mittal@vinodkothari.com) With the objective of empowering the stock exchanges and streamlining the processing of draft schemes filed with the stock exchanges, the Securities and Exchange Board of India has issues a Circular dated 3rd November, 2011[1] (“Amendment Circular”) thereby amending the Circular dated […]

This New Year brings more complexity to bond issuance as SEBI makes it cumbersome for DTs and Issuers

Due diligence, consents/NOC, Charge creation before listing coupled with mandatory listing deadline may be daunting compliance FCS Vinita Nair | Senior Partner, Vinod Kothari & Company When the going gets tough, the tough gets going; however, this may not hold good for issuers and debenture trustees (DT) in case of secured debentures intended to be […]