Entries by Staff

Tokenisation of Real World Assets – The Way Ahead for Creating Securities

-Subhojit Shome (subhojit@vinodkothari.com) Introduction The tokenisation of real-world assets (RWA) using cryptographic technology is rapidly emerging as a transformative innovation in the financial ecosystem. Note here that the term RWA refers to all traditional assets including both real assets as well as traditional financial assets that exist in the physical world. By leveraging blockchain technology, […]

Stock exchange reporting of tax litigations made less taxing

Disclosure in 24 hours for new matters; updates of ongoing litigations in Integrated Filing (Governance) – Nitu Poddar, Partner and Simrat Singh, Executive | corplaw@vinodkothari.com Based on the recommendation of the Expert Committee for facilitating EODB, SEBI, vide Circular dated December 31, 2024 have made a distinction in stock exchange disclosure relating to tax litigations […]

Budget 2025: Mergers not to be used for evergreening of losses

– Barsha Dikshit and Neha Malu | resolution@vinodkothari.com The provisions related to the carry forward and set-off of business losses in the context of corporate restructuring have been a critical aspect of corporate taxation. The Budget 2025[1] proposes certain amendments concerning carry forward of losses in cases of amalgamation, pursuant to which mergers shall not […]

Bond Issuance by HFCs: RBI aligns norms with those for NBFCs

Harshita Malik (finserv@vinodkothari.com) Introduction: While all issuance of debentures are governed by general laws under Companies Act, 2013 and SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (for listed debentures), debt issuance (with maturity of more than one year) on a private placement basis,  by financial entities are also subject to additional regulatory requirements […]

Secure with Securitisation: Global Volumes Expected to Rise in 2025

-Dayita Kanodia (finserv@vinodkothari.com) Despite global macroeconomic challenges, including persistent inflation, securitization volumes and ratings across most structured finance asset classes demonstrated remarkable stability in FY 2024. Strong housing markets bolstered credit performance in sectors like U.S. and Australian RMBS, while European housing markets faced concerns of overvaluation.  Overall, the performance of the securitisation market in […]