Entries by Staff

Corporate Laws Amendment Bill: Easing, Streamlining and  Updating the Regulatory Framework 

– Team Corplaw | corplaw@vinodkothari.com The Statement of Objects and Reasons refers to the Govt’s constant “endeavour to facilitate greater ease of doing business for corporates”; after reading through the provisions of the Bill, that indeed seems to be the intent, though, as happens often, the intent may get miscarried.  The provisions are admittedly inspired […]

CGTMSE Risk Shield for MFI Lending 

-Vinod Kothari and Chirag Agarwal | finserv@vinodkothari.com The National Credit Guarantee Trust Company (NCGTC), under the Department of Financial Services, has floated a scheme which will guarantee lending upto ₹20000 crores by banks and financial institutions (Member Lending Institutions or MLIs), for taking incremental loan exposure to MFIs. The Scheme intends to nudge bank lending […]

The Case For Regulating Private Credit Funds

Simrat Singh | Finserv@vinodkothari.com Private credit is, in essence, shadow banking without corresponding discipline. Market reports indicate that Private Credit in India (and globally) is beginning to show signs of stress. Several global private credit fund managers have reportedly frozen withdrawals amid rising investor withdrawals. Given that private credit by its very nature is supposed […]

Not Registration but Caution: What Tamil Nadu  Coercive Actions Law Means for NBFCs

Subhojit Shome & Simrat Singh | Finserv@vinodkothari.com  Two notifications issued under the Tamil Nadu Money Lending Entities (Prevention of Coercive Actions) Act, 2025 are in the news, as they lay down the registration framework for money-lending entities operating in Tamil Nadu. We have already clarified in our earlier write-up that the TN Act does not […]

Adopting 1600-Number Series- Preventive Measure or Burden?

Introduction The Telecom Regulatory Authority of India (TRAI) has mandated the use of the 1600-series numbering for service and transactional voice calls by entities regulated by RBI (including NBFCs), SEBI, and PFRDA, to curb financial frauds through mis-selling and unauthorised communications. The Reserve Bank of India has aligned with this via a notification dated January […]

RPTs: Do extreme comparables distort arm’s length?

– Saloni Khant, Executive | corplaw@vinodkothari.com The relevance of “arm’s length assessment” in any related party transaction is non-negotiable. Arm’s length is a consideration that runs across all corporate transactions, including those with unrelated parties. However, where the party itself is at arm’s length, that is, unrelated, the question of the transaction terms being other […]

Japanese Capital Takes Flight in Indian Skies: India’s First JOLCO Leasing Deal 

Simrat Singh | Finserv@vinodkothari.com  IndiGo has reportedly entered into a transaction to lease two aircraft through a Japanese Operating Lease with Call Option (JOLCO) structure, marking the first instance of an Indian airline accessing Japanese equity-backed aircraft financing. The structure involves Japanese investors and banks funding the acquisition of the aircraft through a leasing special […]