Author Archive for: vishesh
About Vinod Kothari Consultants
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Entries by Vinod Kothari Consultants
One stop RBI norms on transfer of loan exposures
September 24, 2021 /3 Comments/in Financial Services, Securitisation /by Vinod Kothari Consultants– Financial Services Division (finserv@vinodkothari.com) [This version dated 24th September, 2021. We are continuing to develop the write-up further – please do come back] The RBI has consolidated the guidelines with respect to transfer of standard assets as well as stressed assets by regulated financial entities under a common regulation named Reserve Bank of India […]
NBFCs licensed for KYC authentication: Guide to the new RBI privilege for Aadhaar e-KYC Authentication
September 15, 2021 /0 Comments/in KYC/PMLA, NBFCs /by Vinod Kothari Consultants-Kanakprabha Jethani (kanak@vinodkothari.com) Background On September 13, 2021, the RBI issued a notification[1] (‘RBI Notification’) permitting all NBFCs, Payment System Providers and Payment System Participants to carry out authentication of client’s Aadhaar number using e-KYC facility provided by the Unique Identification Authority of India (UIDAI), subject, of course, to license being granted by MoF. The […]
Workshop on KYC : Concepts and Operations
August 30, 2021 /0 Comments/in Financial Services /by Vinod Kothari ConsultantsWe have gone housefull for our workshop to be held on 16th and 17th September and not accepting further registrations. In view of the overwhelming interests shown, a repeat workshop will be announced in due course. You can register your interest in the form below – You may register your interest for the repeat workshop […]
XaaSing of assets: Understanding essential differences between subscription and lease
August 21, 2021 /0 Comments/in Leasing and Asset Financing /by Vinod Kothari Consultants-Vinod Kothari and Sikha Bansal (finserv@vinodkothari.com) Just as you may subscribe to digital content, cellphone services, or software-as-a-service, you may subscribe to a car, or home durables. The business of availing equipment as a subscription is growing monotonic and steep, and currently, in the realm of passenger vehicles, it is already a rage. A report […]
Use of dual recourse instruments for SME finance: The Making of European Secured Notes
August 17, 2021 /0 Comments/in Bond Market, Covered Bonds, Financial Services /by Vinod Kothari Consultants– Vinod Kothari and Abhirup Ghosh (finserv@vinodkothari.com) The European financial regulators are working on a new funding instrument whereby banks and primary lenders can raise refinance against their portfolio of SME loans, by issuing a bond which is directly linked with such portfolios, called European Secured Notes (ESNs). ESNs are a dual recourse instrument, following […]
VKCPL Profile
August 2, 2021 /0 Comments/in Uncategorized /by Vinod Kothari ConsultantsPresentation on Basics of KYC
July 13, 2021 /2 Comments/in Financial Services, KYC/PMLA /by Vinod Kothari ConsultantsComplete Guide to Sale and Leaseback Transactions
July 5, 2021 /1 Comment/in Accounting and Taxation, Direct Taxes, Financial Services, Good & Service Tax (GST), Indian Accounting Standards (Ind AS), Indirect Taxes, Leasing and Asset Financing, NBFCs, Taxation /by Vinod Kothari ConsultantsA guide to concepts, taxation, and accounting aspects of sale and leaseback transactions. – Qasim Saif (finserv@vinodkothari.com) Contents Sale and Leaseback transaction. 2 Advantages to the Lessee. 2 Unlocking value, the hidden value of asset 2 Tax Benefits. 2 Legal issues in SLB: 3 Taxation of SLB transactions. 3 Direct Tax Aspect 3 […]
Dividend restrictions on NBFCs
June 25, 2021 /1 Comment/in NBFCs /by Vinod Kothari Consultants– Financial Services Division (finserv@vinodkothari.com) Background The Reserve Bank of India (RBI) vide a notification dated 24th June, 2021[1] imposed restrictions on distribution of dividends by non-banking financial companies (‘Notification’). The restrictions cover both systemically important NBFCs as well non-systemically important ones. The guidelines have been issued in line with the draft guidelines for the […]