– Dayita Kanodia & Siddharth Pandey | finserv@vinodkothari.com Budget 2026 proposed to introduce Total Return Swaps (TRS) for corporate bonds, purportedly as a measure for synthetic trading in corporate bonds. However, given the very slow pick up of credit default swaps, the much easier and globally prevalent version of credit derivatives, will the more esoteric […]
– Chirag Agarwal, Assistant Manager | finserv@vinodkothari.com Draft Income-tax Rules, 2026 (“Draft Rules”), intended to be applicable from 1st April, 2026, have increased the perquisite value for cars used for a mix of personal and official use, by Rs 3200 per month and Rs 4600 per month (where the expenses for running and maintenance are […]
Tagging auditors and TCWG to make amends – Team Corplaw | corplaw@vinodkothari.com Introduction NFRA moved the needle, and it is to be seen if the ocean starts boiling.! A 7th Jan 2026 circular from NFRA, addressed to listed entities and their auditors, seemed like an attention-drawer to standards of auditing which are already there, and […]
– Team Corplaw | corplaw@vinodkothari.com
– Dayita Kanodia, Assistant Manager | finserv@vinodkothari.com Holding Companies whose primary intent is to invest in their group companies have lately faced a paradox with respect to the requirement of registration as a Core Investment Company (CIC). CICs are entities whose principal activity is the acquisition and holding of investments in group companies, rather than […]
By Archisman Bhattacharjee & Avikal Kothari | Finserv@vinodkothari.com Introduction On November 28, 2025, the Reserve Bank of India (“RBI”) issued the Reserve Bank of India (Non-Banking Financial Companies – Managing Risks in Outsourcing) Directions, 2025 (“Outsourcing Directions”), thereby repealing the erstwhile directions governing IT outsourcing and financial services outsourcing. For the purposes of this article, […]
– Vinod Kothari and Payal Agarwal | corplaw@vinodkothari.com Finance Bill, 2026 brings tax relief to investors for share buybacks, by partially restoring the position that existed before the Finance Bill 2024 amendment. The 2024 Finance Bill changed the taxability of buybacks to impose tax on buyback consideration, taxing the entire “receipt” as “dividend”, implying tax […]
Simrat Singh | finserv@vinodkothari.com When nature unsettles the ordinary course of life, the regulatory hand should neither be withdrawn nor clenched; it should extend a humane touch, easing distress and guiding the return of order. In this spirit, the RBI has released draft directions on Relief Measures in Areas Affected by Natural Calamities, setting out […]
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