Highlights: Following a 32-pager consultation paper proposing significant amendments to RPT provisions, towards ease of doing business, rolled out by SEBI on August 4, 2025, several amendments were approved by SEBI in its Board Meeting on 12th September, 2025. The SEBI (Listing Obligation and Disclosure Requirements) (Fifth Amendment) Regulations, 2025 have been notified on 19th […]
– Vinod Kothari and Payal Agarwal | corplaw@vinodkothari.com While equity is the “flavour of the season”, companies can produce efficient returns on equity only if they leverage it; therefore, companies are also reaching out to investors through debt issuance. Most of the bond issuance in India is privately placed; however, it is increasingly common for […]
– Sikha Bansal, Resolution Division, Vinod Kothari & Company | resolution@vinodkothari.com About the Amendment The edifice of IBC is premised on value-maximisation, and thus, resolution has always been preferred over liquidation[1]. Even in liquidation, the regulations and Courts have stressed and preferred on selling the entity/business as going concern (referred to as GCS)[2]. However, IBBI, […]
Simrat Singh | finserv@vinodkothari.com Operational risk, as defined by the Basel framework, refers to the possibility that a financial institution’s routine operations may be disrupted due to failures in processes, systems, people, or external events. While historically treated as secondary to credit and market risk, it has increasingly become a central focus of risk management, […]
– Subhojit Shome | finserv@vinodkothari.com Introduction A Non-Banking Financial Company (NBFC), like other financial intermediaries, operates in a risk-intensive environment where credit, operational, technology, liquidity and regulatory exposures evolve continuously. To manage these effectively, regulators and international standard-setters increasingly expect institutions to maintain a clear, documented, and continuously updated risk inventory. This document—commonly called a […]
Meta structures a data center investment funding with cash flows linked with rentals and guarantees – Vinod Kothari | finserv@vinodkothari.com In India, we often say: upar wala sab dekhta hai (God sees it all). However, if I could do things which God the almighty does not or cannot see, I will be most happy to […]
– Saloni Khant, Executive | corplaw@vinodkothari.com
– Payal Agarwal, Partner | payal@vinodkothari.com Global/ Regional Corporate Treasury Centres (GRCTCs) set up in IFSCs, are recognised as Finance Companies under the IFSCA (Finance Company) Regulations, 2021. An updated Framework for Finance Company/Finance Unit undertaking the activity of Global/ Regional Corporate Treasury Centres was issued on 4th April, 2025 in order to encourage ease […]
– Team Finserv | finserv@vinodkothari.com Call it Trump relief! The RBI announced relief measures on the 14th Nov to help the exporters of certain specified items, who may have availed export credit facilities from a regulated lender, whereby all regulated entities (REs) “may” provide a moratorium, from 1st September 2025 to 31st December, 2025. The […]