– Team Finserv | finserv@vinodkothari.com One may call it insecure about unsecured lending; the central bank has taken what in our view is a bold and timely measure, to rein in unsecured lending. Identifying a notable surge in specific segments of consumer credit, the RBI had recently met senior bankers. The latter had reportedly assured […]
Increased risk weights on bank lending to NBFCs, Sectoral exposure limits among protective measures – Vinod Kothari | vinod@vinodkothari.com One may call it insecure about unsecured lending; the central bank has taken what in our view is a bold and timely measure, to rein in unsecured lending. Identifying a notable surge in specific segments of consumer […]
– Vinod Kothari The heart of insolvency law is the priority order or the waterfall given in sec. 53, and one of the very crucial issues in the priority of secured creditors is whether statutory claims will rank at par with secured creditors by virtue a provision in the respective laws giving the Government a […]
– Vinod Kothari, Director | vinod@vinodkothari.com The data for securitisation transactions in India for the first half of FY24 are just out, and some remarkable features are: With this, securitisation markets in India have truly started moving towards maturity. The so-called direct assignment/DA (now under regulations termed as Transfer of Loan Exposures) was a market […]
Vinod Kothari | vinod@vinodkothari.com Schemes to crowdfund real assets (that is, assets other than financial assets) continue to proliferate. Known by various names as fractionalisation, tokenisation, fractional property shares, etc., these schemes invite multiple retail investors to become fractional owners of assets. The assets in question may consist of properties, solar assets, leased equipment, etc. […]
– Vinod Kothari | vinod@vinodkothari.com Vide a 12th Sept notification, the RBI has brought in Master Directions for Classification, Valuation and Operation of Investment Portfolio of Commercial Banks. The new norms bring the accounting and valuation of investments by banks closer to global accounting standards. While the apparent focus of these Directions would have been […]
Vinod Kothari, Director | finserv@vinodkothari.com One of the trust companies defaults; other casualties likely Chinese financial system is opaque and intriguing, for any outside trying to understand it. Regulatory framework is also mostly spasmodic, and given the fact that Chinese regulators do not follow global institutions or their regulations, Chinese institutions have developed along their […]
देख मत मुड़कर परिन्देसामने आकाश का विस्तार हैलोग मापेंगे तुम्हारे फासले जो तय किये हैंहाथ में फीता लिएकिन्तु तुमको फासलों की है नहीं परवाहक्षितिज तक उड़ना तुम्हारी चाहसांस सीने में परों में शक्ति हैअनवरत उड़ना तुम्हारी नियति है, संसार हैदेख मत मुड़कर परिन्देसामने आकाश का विस्तार है
Scope of Clause 5A of Schedule III.A.A, r/w Reg 30A Vinod Kothari, Managing Partner | corplaw@vinodkothari.com The spate of new disclosure requirements introduced by Reg 30 of the Listing Regulations includes one of the most controversial pieces – disclosure of shareholders’ agreements which may impact or are designed to impact the management or control of […]
– Vinod Kothari | corplaw@vinodkothari.com If the intent of CSR provisions coded in the law was to promote socially responsible conduct on the part of companies, that lesson of responsibility is being taught the very hard, indiscriminately harsh way – by imposing penalties of 2X of the amount involved in CSR breaches, even if the […]