Entries by Staff

Unlocking Working Capital: An Overview of Supply Chain Finance

-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

– 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

-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 […]

Regulation 30: Disclosure of Regulatory and similar Actions

– Palak Jaiswani | corplaw@vinodkothari.com Apparently with a view to make disclosure more stringent and widen the scope of disclosures, SEBI introduced two new clauses pertaining to regulatory actions, as clause 19 and 20, in Schedule III.A.A, as a part of SEBI (Listing Regulations and Disclosure Requirements) (Second Amendment) Regulations, 2023,  with effect from July […]

SEBI’s standard approach, standardising valuation for AIFs

Dayita Kanodia | Executive, finserv@vinodkothari.com So far, valuation of securities in terms of an Alternative Investment Fund (‘AIF’) was carried out in accordance with Regulation 23 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations’). Regulation 23 provided AIFs with flexibility in adoption of valuation techniques or methodology for […]