Definition in SEBI regulations entangles spouse’s family and its associated entities – Nitu Poddar, Partner | corplaw@vinodkothari.com What is the issue? A seemingly benign, innocuous and long standing definition of “promoter group” in SEBI (ICDR) Regulations, 2018 (‘ICDR Regulations’) is suddenly seeming to put to trial family relationships, by forcing spouse-side relations to share the […]
– Team Corplaw | corplaw@vinodkothari.com This version: 7th June, 2025
Team Finserv | finerv@vinodkothari.com Executive Summary of Changes: I. Background On June 06, 2025, the RBI notified the final Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025 (‘Gold Lending Directions’), after incorporating substantial changes from the Draft Directions published on April 09, 2025 . In the final version, the RBI appears […]
– Pammy Jaiswal and Payal Agarwal | corplaw@vinodkothari.com Pursuant to SEBI (Prohibition of Insider Trading) Amendment Regulations, 2025, SEBI has amended UPSI definition, effective from June 10, 2025 inserting a longer list of information, some of which may seem purely operational or business-as-usual for listed companies. Several questions arise: Whether each of this information will […]
Team Finserv (finserv@vinodkothari.com) Background Loan write-offs in case of banks has been a consistent practice, and has been sharply criticized in several forums. Loan write-offs constitute a significant amount: Between FY 2015 and FY 2024, Scheduled commercial banks wrote off loans worth ₹12.3 lakh crore, with a ₹9.9 lakh crore written off in just the […]
– Sakshi Patil | finserv@vinodkothari.com The Reserve Bank of India (RBI) has continually worked to strengthen the Know Your Customer (KYC) framework to ensure inclusion. Recognizing challenges in periodic KYC updation, especially in remote areas where bank branches and ATMs are scarce, the RBI has proposed pragmatic measures involving Business Correspondents (BCs). These initiatives aim […]
– Aditya Iyer, Manager (Legal) (finserv@vinodkothari.com) Consider this: you’re out shopping on a Saturday afternoon for a perfect pair of jeans. You stop by a store that retails multiple brands and boasts the best variety. With a salesperson to guide you, you make your pick after careful diligence and comparison, and finally check out. Hours […]
Saket Kejriwal, Assistant Manager | corplaw@vinodkothari.com Background The identity of a corporate entity may undergo various changes, either pursuant to merger, demerger, sale of one or more divisions or undertakings, conversion into LLP etc. Usually, in corporate restructuring, the assets and liabilities forming part of an undertaking are shifted to another undertaking, say, the successor […]
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