Entries by Parth Ved

Financial entities in IFSC: A primer

– Parth Ved, Executive | parth@vinodkothari.com Table of contents Background Applicability of Domestic Regulatory framework  Regulatory framework in IFSC What is IFSC? Companies Act, 2013 IFSCA (Finance Company) Regulations, 2021 Purpose of setting up an IFSC  Foreign Exchange Management Act, 1999 Specific Frameworks for Aircraft Leasing and Ship Leasing Who regulates IFSC? Income tax act, […]

Exploring Core Financial Services Solution for NBFCs

Applicability, Features, Modules & Challenges – Subhojit Shome, Executive and Parth Ved, Executive | finserv@vinodkothari.com Background As a part of the overhaul for the NBFC Sector, the Reserve Bank of India (‘RBI’) had, on October 22, 2021, introduced the Scale Based Regulations (SBR): ‘A Revised Regulatory Framework for NBFCs’. Upon application of SBR, NBFCs will […]