Whether lending to a group entity should be considered as customer-interface? -Archisman Bhattacharjee | finserv@vinodkothari.com Introduction A significant part of the RBI’s regulatory framework for Non-Banking Financial Companies (NBFCs) hinges on a fundamental distinction: whether or not an NBFC maintains a customer interface. This is not a mere definitional distinction; it is a classification that […]
Payal Agarwal, Partner and Simrat Singh, Senior Executive | Finserv@vinodkothari.com Background Within an AIF structure, funds are committed by the investors and the AIF in turn, through its Investment Manager, makes investments in investee entities in line with the fund’s strategy. Situations may arise where an investee company of the AIF may require additional capital, […]
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– Team Corplaw | corplaw@vinodkothari.com – Approves major proposals easing institutional investments in IPOs, minimum offer size for larger entities, AIF entry, increased threshold for related party transaction approvals etc. Relaxed norms for Related Party Transactions Annual Consolidated Turnover of listed entity (in Crores) Approved threshold (as a % of consolidated turnover) < Rs.20,000 10% […]
Team corplaw | corplaw@vinodkothari.com SEBI board decision for doubling the materiality threshold and make it scalar; lesser RPTs to need ISN details, plus other relaxations 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 have been approved […]
– Barsha Dikshit and Sourish Kundu | corplaw@vinodkothari.com Introduction The recent notification of the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025, (‘Amendment’) by the MCA represents a significant move towards further declogging the burden of NCLTs and promoting a more business-friendly restructuring environment. By introducing minor procedural refinements and widening the classes of companies […]
Aditya Iyer | finserv@vinodkothari.com The Reserve Bank of India (Digital Lending) Directions, 2025 (DL Directions), introduce the requirement for Regulated Entities (‘REs’) to report the Digital Lending Apps (DLAs) utilized by them on the CIMS Portal (Para 17). Moreover, there is now also a requirement for the Chief Compliance Officer or other designated officer to […]
Fiduciary duties of banks in maintaining insider trading controls for shares of borrower companies – Pammy Jaiswal and Payal Agarwal | Partner | corplaw@vinodkothari.com Background The SEBI Insider Trading Regulations (‘PIT Regulations’) explicitly rolled out the responsibilities for fiduciaries by amending the regulations in 2015. Subsequrently a separate Schedule C was inserted vide the SEBI […]
– Vinod Kothari & Jigisha Aggarwal | finserv@vinodkothari.com GST changes announced vide 56th meeting of the GST Council dated Sept 03, 2025 have brought cheers to the entire country; however, for lessees of motor vehicles where rates of GST have been reduced (the extent of reduction being from 5% to 10% in most of the […]
Tax accounting standard ICDS IX raises an unanswered question – Chirag Agarwal | Assistant Manager (finserv@vinodkothari.com) While leasing in India has developed much lesser as compared to other countries, there is an interesting and growing line of business in India – CTC leasing, that is, lease of assets offered to employees of large companies with […]