– Vinod Kothari & Dayita Kanodia (finserv@vinodkothari.com) “There is no such thing as government money – only taxpayer money.” — Margaret Thatcher RBI has introduced a significant amendment to the prudential treatment of Security Receipts (SRs) guaranteed by the Government of India through its latest circular dated March 29, 2025. What this amendment briefly means […]
– Financial Services Division (finserv@vinodkothari.com) Introduction The RBI’s regulatory framework for securitisation, the SSA Directions use several terms used in securitisation structures, some of which are aligned with global practices, while some not. In addition, the marketplace uses some so-very-Desi expressions. As transactions have started coming off the mould, it is important to understand some of […]
Notifies amendment as COREX timeline set to expire – Team Corplaw | corplaw@vinodkothari.com March 28, 2025 | Team Vinod Kothari & Company Just before the expiry of the ‘Comply or Explain’ timeline of March 31, 2025 for HVDLEs, SEBI notified SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2025 inserting a separate chapter viz. Chapter […]
– FAQs on RPT framework for HVDLEs – Team Corplaw (corplaw@vinodkothari.com) This version: 18th April, 2025 Read more: SEBI strictens RPT approval regime, ease certain CG norms for HVDLEs SEBI proposes to ease HVDLEs from equity linked CG norms Presentation on CG Norms for HVDLEs SEBI proposals to ease overheated SME IPO market
– Sourish Kundu, Executive | corplaw@vinodkothari.com The Ministry of Micro, Small, and Medium Enterprises (MSME), through its notification dated March 21, 2025, has revised the classification criteria for Micro, Small, and Medium Enterprises. While the proposed revision was mentioned in the Union Budget 2025, the formal notification confirms the upward revision of classification limits, effective […]
Layer restrictions under Section 186(1) of Companies Act, 2013 Simrat Singh, Executive | corplaw@vinodkothari.com Regulations often attempt to curb opacity in corporate structures, transactions and arrangements. Opacity may quite often be the breeding ground for ulterior designs. Opaque corporate structures may be used for hiding the identity of real owners, or to shift corporate funds […]
Simrat Singh, Executive | finserv@vinodkothari.com There is an age-old distinction between financial leases and operating leases; this arose from accounting standards, and has had a sunset, from the perspective of the lessee, because of a change in accounting standards. Globally, IFRS 16, replacing the earlier standards IAS 17, became effective from 1st January, 2019. Note […]
-Neha Malu & Dayita Kanodia (finserv@vinodkothari.com) Under the SARFAESI Act, only qualified buyers can invest in security receipts (SRs). The term “Qualified Buyer” has been defined under section 2(1)(u) of the SARFAESI Act, 2002, to mean a financial institution, insurance company, bank, state financial corporation, state industrial development corporation, trustee or an ARC or any […]