– Vinod Kothari, Director (Vinod Kothari Consultants P. Ltd.) | finserv@vinodkothari.com The RBI, vide a so-called “clarification” dated February 15, 2022[1], relating to what itself was termed as a “clarification”, dated November 12, 2021[2], has effectively provided a reprieve to NBFCs for treating those assets as NPAs, which have historically had a default of 90 […]
– corplaw@vinodkothari.com MCA notification dated Feb 11, 2022 – https://www.mca.gov.in/bin/ebook/dms/getdocument?doc=MTE3OTE2OTE=&docCategory=Notifications&type=open Our resources on the topic: FAQs on CSR 2021 Amendments Knowledge Centre for Corporate Social Responsibility (CSR)
finserv@vinodkothari.com Related write-ups: CBDCs in India – A Leap of Faith? Untangling the Mystery of Virtual Digital Assets The Rise of Stablecoins amidst Instability Recent Trends in Crypto-Industry: India & Abroad
Aanchal Kaur Nagpal (Assistant Manager) | Parth Ved (Executive) finserv@vinodkothari.com Introduction The intent behind asset reconstruction is not merely concerned with realisation of bad loans but also ‘reconstruction’, that is, to try and resurrect bad loans or bad borrowers into good ones. This almost always leads us to one name i.e. Asset Reconstruction Companies (‘ARCs’). […]
By Shaivi Bhamaria – Associate, [shaivi@vinodkothari.com] Introduction Over the past few years the Government of India has been increasingly focusing on ‘ease of doing business’ by corporates, and has taken several initiatives towards the same, such as exemption to private companies from the requirement of minimum paid up capital by way of the Companies (Amendment) […]
– Shreyan Srivastava (finserv@vinodkothari.com) An Insight into Crypto, Tokens and NFTs Background The Union Budget Speech 2022-23 created quite a stir in the cryptocurrency industry once again, as the Hon’ble Finance Minister proposed a 30% blanket taxation on virtual digital assets (“VDAs”). Given the plethora of terms existing such as ‘virtual currencies’, ‘digital currencies’, ‘cryptocurrencies’, […]
Is change in the Indian regulatory framework inevitable for the development of Islamic Finance? or can there be structures worked around existing laws? – Qasim Saif I Manager (qasim@vinodkothari.com) Islamic Finance, also referred to as sharia compliant finance or interest-free financing, has always been a topic of discussion in the world of finance. Development of […]
Electric Vehicles slowly getting into priority list of the Government Qasim Saif | Manager <finserv@vinodkothari.com> With a growth of more than 100% in sales of Electric vehicles (EVs) from FY21 to FY22 and 9,13,532 EVs currently registered since FY12 and expected sales of 14.8 million EVs by FY30, a comprehensive framework and government support to […]
– Shreyan Srivastava (resolution@vinodkothari.com) Background In India, Non-Performing Assets (“NPAs”) have been a chronic plaque in the economy for decades. Although recent reports indicate that the Gross NPA (“GNPA”) and Net NPA (“NNPA”) have been systematically declining, in comparison to other economies, the country still faces a high volume of NPAs. For this reason, for […]
Megha Mittal, Senior Associate (mittal@vinodkothari.com) Introduction Right from RBI’s (in)famous March 2018 Circular (‘Circular’) banning all operations by virtual currency exchanges (VCEs) to the Hon’ble Supreme Court’s verdict upholding the constitutionality of cryptocurrency and its exchanges, the debate over the adaptability of cryptos has led to a demographic split in India.