Entries by Staff

ARC rights to use SARFAESI for debts assigned by non-SARFAESI entities

November 9, 2023 /0 Comments/in , , , /by

– Archana Kejriwal Asset reconstruction companies, formed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (‘SARFAESI Act’/‘the Act’) are an important part of the country’s ecosystem to tackle non-performing loans. ARCs buy and resolve non-performing loans by acquiring them from the financial system. ARCs were traditionally focusing on […]

Unlocking Working Capital: An Overview of Supply Chain Finance

September 19, 2023 /1 Comment/in , , , /by

-Dayita Kanodia, Executive | finserv@vinodkothari.com The best way to reduce your supply chain inventory is to sell it.” Dilbert. Background A supply chain is a complex network of organizations, people, activities, information, and resources involved in the creation and distribution of a product or service from its initial sourcing of raw materials to the delivery […]

Taxability of Corporate Guarantees under GST

September 16, 2023 /0 Comments/in /by

– Dayita Kanodia, Executive | finserv@vinodkothari.com A person who can’t pay gets another person who can’t pay, to guarantee that he can pay. – Charles Dickens Background It is a common practice for companies to issue guarantees for loans taken by their group companies. When transactions happen between related parties, there is always a likelihood […]

CSR spending in the Indian sports sector

September 12, 2023 /1 Comment/in , /by

-Shreya Salampuria | corplaw@vinodkothari.com Background Corporate social responsibility (CSR) spending in India, as is well known, is focused on certain statutorily recognised social activities, of which sports is one. Schedule VII, clause (vii) deals with activities related to “training to promote rural sports, nationally recognised sports, paralympic sports and olympic sports”. Most of the attention […]