Abhirup Ghosh abhirup@vinodkothari.com The Government of India, with an intent to infuse liquidity in the financial sector, in the Union Budget, 2019, proposed to provide partial credit guarantee for sale of high quality assets of good NBFCs/ HFCs to public sector banks. Subsequently, on 10th August 2019, the FinMin launched the scheme[1]. Initially, there were […]
-By Vinod Kothari (vinod@vinodkothari.com) Securitisation is all about bankruptcy remoteness, and the common saying about bankruptcy remoteness is that it works as long as the entities are not in bankruptcy! The fact that any major bankruptcy has put bankruptcy remoteness to challenge is known world-over. In fact, the Global Financial Crisis itself put several never-before […]
-Rahul Maharshi (rahul@vinodkothari.com) (finserv@vinodkothari.com) The GST council in its 37th Meeting held on 20th September, 2019, had proposed to make amendments in the CGST Rules, 2017 (“Rules”) pertaining to matters relating to the extension of due date of filing of GSTR-3B GSTR-1 as well as voluntary requirement of filing of GST Annual return for registered […]
-Vinod Kothari (vinod@vinodkothari.com) Among the disruptive Fintech practices, app-based lending is certainly notable. The scenario of an app-based lending is somewhat like this – a prospective borrower goes to an app platform, fills up some information. At the background, the app collects and collates the information including credit scores of the individual, may be the […]
– Pammy Jaiswal, Partner | corplaw@vinodkothari.com Updated as on 22nd July, 2022 Background While there has been a lot of rulings on the liability of directors, the question that mostly cropped up for examination was with respect to their involvement in the day-to-day operations. The liability of non-executive directors has mostly been scanned to evaluate […]
-Kanakprabha Jethani | Executive (kanak@vinodkothari.com) Background Servitization is that foreign business term that does not find place in any dictionary but is in steps to becoming essence of many businesses. It is a transformation, from manufacturing to providing solutions, from being product-centred to being complete-solution centred. Essentially, it is a business model in which, manufacturer […]
-Kanakprabha Jethani | Executive (kanak@vinodkothari.com) The Reserve Bank of India (RBI) has issued draft guidelines for ‘on tap’ licensing of Small Finance Banks (SFBs). The guidelines are largely similar to the existing guidelines for licensing of SFBs. However, the major difference is that the licensing will be allowed ‘on tap’. Further, there are certain changes […]