Entries by Staff

The Pious Intent of Promoting Factoring

Preserve of a select few?   Megha Mittal, Senior Associate (finserv@vinodkothari.com) Over the last two years, the regulatory developments vis-à-vis factoring, and more specifically, ‘who can be a factor’ has been a to-and-fro ride. With widening of the scope of entities eligible for factoring to its effective roll back vide the Registration of Factors (Reserve […]

Global Securitisation Markets in 2021: A Robust Year for Structured Finance

-Subhojit Shome, Executive | finserv@vinodkothari.com Overview The structured finance space exhibited robust growth during 2021, as the world entered the COVID-19 endemic period. This growth was largely driven by supportive regulatory and policy initiatives aimed at overcoming the negative economic effects of the pandemic, the emergence of green finance initiatives and a general rise in […]

Getting ready to implement BRSR from FY 2022-23 (Part-II)

Having dealt with the detailed actionable required under each of the NGRBC principles, in our article Getting ready to implement BRSR from FY 2022-23 (Part-I), in this article, we aim at guiding the management at “how” the reporting entity needs to prepare itself for the successful BRSR implementation. While a company prepares itself for principle-wise […]

Getting ready to implement BRSR from FY 2022-23 (Part-I)

Business Responsibility & Sustainability Reporting (‘BRSR’), which was voluntary as a part of the regulatory provisions for the top 1000 listed entities (by market capitalization) for FY 2021 – 22, is now all set to become mandatory from FY 2022–23 onwards. BRSR is intended to serve as a single focal point for all non-financial disclosures […]

Financial Services firms foray into the metaverse

Beyond Social Media & Gaming – Subhojit Shome, Executive | finserv@vinodkothari.com Introduction The ‘Metaverse’ has become the latest favourite buzzword on Wall Street with players from Big Tech, Gaming, Entertainment and the FMCG Industries touting it as the best thing to happen since sliced bread. It is now the turn of the Banking and Financial […]

Accounting and Tax considerations in Going Concern Sale in Liquidation

By Devika Agrawal, Executive, Vinod Kothari and Company devika@vinokothari.com Background The preamble to the Insolvency and Bankruptcy Code, 2016 (‘Code’) enlists value maximisation as one of its key objectives. In line with the said objective, the Code included ‘Going Concern Sale’ (‘GCS’) of the corporate debtor or the business of the corporate debtor in liquidation, […]