finserv@vinodkothari.com Updated as on 07.05.2024 The table below provides the rate of stamp duty applicable on assignment of receivables in major states across India: State Stamp Duty Andhra Pradesh 0.1% of the loan securitized or debt assigned with underlying securities subject to maximum limit of Rs.1 Lakh. [1] Assam 8.25 percent. Bihar 0.1% of the […]
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-Can surrogate means be used to relegate funds or benefits to shareholders Pammy Jaiswal | Partner | Vinod Kothari and Company Shraddha Shivani | Executive | Vinod Kothari and Company corplaw@vinodkothari.com Background Section 8 of the Companies Act, 2013 (‘CA’) provides for the formation of companies with specific objects. Since the section revolves around incorporation […]
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-Pammy Jaiswal and Neha Malu | corplaw@vinodkothari.com Background Getting an investor for one’s business is a crucial stage for any company and so no company would want to lose the opportunity to crack a deal with the investor even if it has to give away certain rights and powers to the said investor. Looking at […]
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SECURITISATION & TRANSFER OF LOAN EXPOSURES by Vinod Kothari Consultants Available now! Law & Practice relating to CORPORATE BONDS & DEBENTURES Available now!
Details for the 10th Securitisation Summit, 2022: https://vinodkothari.com/secsummit/
Timothy Lopes, Manager | tim@vinodkothari.com In a landmark judgment dated 10th May, 2022, the Supreme Court in Nedumpilli Finance Company Limited vs State of Kerala & ors[1] held that the money lending laws will not apply in the case of NBFCs regulated by RBI. This ends an age-old quarrel between the States and NBFCs.
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