-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!
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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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Vinita Nair | corplaw@vinodkothari.com Provisions of Law According to Section 2(31) of the Companies Act, 2013 ‘Deposit’ includes any receipt of money by way of deposit or loan or in any other form by a company, but does not include such categories of amount as may be prescribed in consultation with the Reserve Bank of […]
Financial Services Division | (finserv@vinodkothari.com) RBI had introduced the Scale Based Regulatory Framework: A Revised Regulatory Framework for NBFCs vide a circular dated October 22, 2021. Para 3.2.3 (h) of the circular dealt with ‘Compensation Guidelines’ which required that NBFCs shall put in place a Board approved compensation policy in order to address issues arising out of […]
RBI Directions on Credit Cards and Co-branded Credit Cards issued by NBFCs Aanchal Kaur Nagpal | Assistant Manager (finserv@vinodkothari.com) With the objective to provide general and conduct regulations relating to credit, debit and co-branded cards to banks and NBFCs, RBI, on April 21, 2022, has issued the Reserve Bank of India (Credit Card and Debit […]