Author Archive for: vishesh
Entries by Vinod Kothari Consultants
Financial Leases getting a new lease of life?
– Kanakprabha Jethani, Senior Manager | kanak@vinodkothari.com Background Leasing industry in India started and grew, as in several other countries, with financial leasing. However, over last several years, it seemed as if financial leases had lost their relevance, for reasons discussed below. While activity in the leasing space was not very brisk, but whatever activity was […]
SEBI amends framework for Large Value Funds
CS Prapti Kanakia, Manager and Samarth Batta, Executive | corplaw@vinodkothari.com Background In a recent Circular[1], SEBI has come up with the Guidelines for Large Value Funds for Accredited Investors (LVFs) and requirement for appointment of compliance officer for managers to Alternative Investment Funds[2] (AIFs). SEBI had introduced the concept of LVFs alongwith the concept of […]
Pledge as transfer: Several SEBI Regulations may require review post SC Ruling
– Vinita Nair | Senior Partner, Vinod Kothari & Co. | corplaw@vinodkothari.com Hon’ble Supreme Court, in the matter of PTC India Financial Services Limited v. Venkateshwar Kari and Another (‘PTC India ruling’), brought out a very important distinction between the meaning of ‘beneficial owner’ under the Depository law, and the right of the pledgee/ pawnee/ […]
SECURITISATION & TRANSFER OF LOAN EXPOSURES – A comprehensive guide
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Resurgence of synthetic securitisations: Capital-relief driven transactions scale new peaks
Resurgence of synthetic securitisations: Capital-relief driven transactions scale new peaks – Vinod Kothari | vinod@vinodkothari.com [Revised March 2022] Balance sheet synthetic securitisations, apparently aimed at capital relief and economic capital management, have scaled new peaks in the European market. In the US market, credit risk transfer transactions have registered substantial traction in the RMBS space. […]
Pre-summit Workshop on Securitisation and Transfer of Loans
The registration for the Workshop is closed, thank you for the overwhelming support! However, do express your interests for attending the Workshop – https://forms.gle/ZE9eLAzMcZbC1vmE9 We are also organising the 10th edition of the Securitisation Summit, an annual coming together of stakeholders in structured finance industry in India to be held on 27th May, 2022 i.e. […]
Non-consideration of acquired or transferred home loans for HFC principality test
-Financial Services Division (finserv@vinodkothari.com) The RBI issued Master Directions for HFCs on August 13, 2019. The Master Directions define an HFC as one which is principally engaged in the business of providing housing finance. To prove the principality of business, an HFC must have at least 60% of its total assets deployed in the housing […]
Removal of Directors: A guide to forced exit of directors
Anushka Vohra | Manager and Ajay Kumar K V | Manager (corplaw@vinodkothari.com) Introduction Boards are seen as power-centres of a corporate entity. Hence, it is commonly seen that corporate disputes are often invoked out of and revolve around a certain section of shareholders seeking to seize directorship positions favouring the counter-set of shareholders. Directors may be […]
Neo-banks and their confluence with India’s Financial Landscape
-Sameer Gahlot | Financial Services Division (finserv@vinodkothari.com) Introduction Since the beginning of the 21st century, technological and digital innovation has improved the efficiency, productivity, and competitiveness in the delivery of financial services[1] and continue to do so. This resulted in benefitting and enhancing the reach and experience for the end customers. These innovations could be […]