Entries by Staff

Should you expect adjustment in profits for “Expected Credit Loss”?

– Customised profits for CSR and managerial remuneration under Section 198 of the CA, 2013 – Pammy Jaiswal and Sourish Kundu | corplaw@vinodkothari.com Background The presentation of the profit and loss account has been outlined under the Schedule III of the Companies Act, 2013  (‘Act’) and the profit computation method has been provided for under […]

New Tamil Nadu Law on Coercive Recovery – Alarm bells for NBFCs?

Aditya Iyer | Manager, Legal | finserv@vinodkothari.com At a glance On June 09, 2025, the Tamil Nadu Money Lending Entities (Prevention of Coercive Actions) Act, 2025 was notified (hereafter referred to as ‘Act’). The Act aims to protect vulnerable groups from the coercive recovery practices perpetrated by microfinance institutions, money-lending agencies, and organisations operating in […]

ESOPs for founders: Well intended relief, garbled by language?

SEBI’s explanation remains ambiguous on share options granted to start-up promoters – Payal Agarwal, Partner & Sakshi Patil, Executive Starting a company often means wearing multiple hats. In these early stages, many founders structure their compensation through Employee Stock Option Plans (“ESOPs”) rather than traditional salaries. This arrangement makes perfect sense when resources are tight […]

Master Direction on ETPs: Key Changes & Compliance Guide

Harshita Malik, Executive | finserv@vinodkothari.com Background and Overview: The evolution of Electronic Trading Platform (‘ETPs’) is rooted in the market’s need for speed, efficiency, and enhanced transparency in dissemination of  trade information. Traditional floor based trading methods struggled with sluggish processes, limited data dissemination, and inefficiencies that couldn’t pace with a global financial landscape. In […]

Balancing flexibility and discipline: Analysis of RBI’s Project Finance Directions, 2025

Aanchal Kaur Nagpal, Senior Manager and Simrat Singh, Senior Executive | finserv@vinodkothari.con  Updated as on 28th October, 2025 Project loans, used to finance large infrastructure and industrial ventures like highways, power plants and railways etc., are fundamentally different from regular business or personal loans. Unlike typical loans that are repaid from either the borrower’s existing […]

Regulatory landscape for AIFs: what’s new?

– Payal Agarwal, Partner | corplaw@vinodkothari.com Alternative Investment Funds (AIFs) have come up as a regulators’ favourite in the recent years with both SEBI and RBI tightening regulatory controls around the same within their respective domains. The use of AIF as regulatory arbitrage in recent years calls for such strict regulatory boundaries.  The growth of […]

SEBI approves a mix of reforms for regulated entities

– Easing ESOPs for IPO-bound companies, relaxations to SEBI regd. intermediaries, providing clarity for uniformity of practices   – Team Corplaw | corplaw@vinodkothari.com Various proposals have been approved by SEBI in its Board meeting dated June 18, 2025, pertaining to various relevant regulations. The approved changes may impact various market participants – listed entities as well […]