Entries by Staff

Roads to Riches: A snapshot of InvITs in India

Simrat Singh – corplaw@vinodkothari.com | finserv@vinodkothari.com Introduction An Infrastructure Investment Trust (InvIT) is a pooled investment vehicle designed to facilitate collective investment in infrastructure assets. It allows investors to earn returns from assets such as roads, power plants, and telecom towers without direct ownership. Structured as a trust, InvITs generate revenue through various avenues such […]

Gains on sale of Zombie loans: RBI’s year-end bonus to banks  

– Vinod Kothari & Dayita Kanodia (finserv@vinodkothari.com) “There is no such thing as government money – only taxpayer money.” — Margaret Thatcher RBI has introduced a significant amendment to the prudential treatment of Security Receipts (SRs) guaranteed by the Government of India through its latest circular dated March 29, 2025. What this amendment briefly means […]

De-jargonizer: Understanding key terms in Securitisation structures

– Financial Services Division (finserv@vinodkothari.com) Introduction The RBI’s regulatory framework for securitisation, the SSA Directions use several terms used in securitisation structures, some of which are aligned with global practices, while some not. In addition, the marketplace uses some so-very-Desi expressions. As transactions have started coming off the mould, it is important to understand some of […]

SEBI strictens RPT approval regime, ease certain CG norms for HVDLEs

Notifies amendment as COREX timeline set to expire – Team Corplaw | corplaw@vinodkothari.com March 28, 2025 | Team Vinod Kothari & Company Just before the expiry of the ‘Comply or Explain’ timeline of March 31, 2025 for HVDLEs, SEBI notified SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2025 inserting a separate chapter viz. Chapter […]

Bo[u]nd to ask before transacting: High value debt issuers bound by stricter RPT regime

– FAQs on RPT framework for HVDLEs – Team Corplaw (corplaw@vinodkothari.com) This version: 18th April, 2025 Read more: SEBI strictens RPT approval regime, ease certain CG norms for HVDLEs SEBI proposes to ease HVDLEs from equity linked CG norms  Presentation on CG Norms for HVDLEs SEBI proposals to ease overheated SME IPO market

Broadening the MSME landscape: Impact of revised limits

– Sourish Kundu, Executive | corplaw@vinodkothari.com The Ministry of Micro, Small, and Medium Enterprises (MSME), through its notification dated March 21, 2025, has revised the classification criteria for Micro, Small, and Medium Enterprises. While the proposed revision was mentioned in the Union Budget 2025, the formal notification confirms the upward revision of classification limits, effective […]