SEBI LODR (Second Amendment) Regulations, 2023
Also read our detailed article on – (i) Disclosure of material events under Reg 30 (ii) Insertion of new Reg. 37A
Author Archive for: vinod
Entries by Vinod Kothari
Vehicle financiers must follow SARFAESI process for repossession: Patna High Court
Ruling holds self-help repossession as a breach of the borrower’s fundamental rights of livelihood and dignity – Vinod Kothari, finserv@vinodkothari.com Repossession of vehicles (from two-wheelers to four-wheelers), in case of borrowers’ defaults, has been done almost entirely using common law process, on the strength of the provisions of the hypothecation agreement. The roughly Rs 500000 […]
A poem on the problem of climate change, environment and clean energy
किसी पेड़ ने उस पंछी को अब तक नहीं उड़ाया हैजिसने शाखें नहीं उजाड़ी केवल फल को खाया है चिड़ी चोंच भर ले जाती है नदी नीर क्या कम होता?प्यास बुझाकर प्यासे की कब कम होता जल का सोताशिशु को दूध पिला कर किस माता की घटती काया है? जब तक सीमाकरण न होगा पर्यावरण […]
Security Interest: Meaning, forms, registration, enforcement, and effects of non-registration
-Team Vinod Kothari and Company | resolution@vinodkothari.com
Evolution of concept of related parties and related party transactions
-Team Vinod Kothari and Company | corplaw@vinodkothari.com Our Resource Centre on Related Party Transactions can be viewed here
Continuing Disclosures by listed entities: Regulation 30 of SEBI LODR
– Vinod Kothari | corplaw@vinodkothari.com Our article on Reg 30 of LODR Regulations can be viewed here
Melt-down of Market-linked debentures, Debt mutual funds get fatal blow
No grandfathering for MLDs, prospectively, tax benefit for debt mutual funds goes away -Vinod Kothari and Aanchal Kaur Nagpal finserv@vinodkothari.com As expected, the Finance Bill, 2023 was passed on March 24, 2023 by Lok Sabha within minutes. With a huge amount of changes including several newly inserted provisions, the so-called amendments were actually a Bill […]
SVB Collapse: Focus on risk of MBS investing
-Vinod Kothari and Timothy Lopes finserv@vinodkothari.com It all started after Silicon Valley Bank (‘SVB’) announced its Q1’23 Mid quarter update[1], revealing that it intended to raise about USD 2.25 billion of capital owing to the fact that it had sold its USD 21 billion ‘Available for Sale’ (‘AFS’) securities portfolio, which consisted of US treasuries […]
RBI Regulation of Investment Companies: Futile, counter-productive and counter-intuitive
–Vinod Kothari | finserv@vinodkothari.com The RBI has launched a major base-layer study of “base-layer NBFCs”, whereby audit firms will be surveying these NBFCs. Apparently, the audit firms will visit their offices to see if there is a physical office (which means a name plate outside the office), whether that physical office houses other offices too […]
Liquidity stress testing for NBFCs
– Vinod Kothari finserv@vinodkothari.com Stress testing is a part of risk management process. Stress testing envisages those plausible, however, low frequency events, which may occur and disrupt the operations. In the context of a financial intermediary – stress may be seen either in the solvency (that is, capital is not sufficient to absorb the risks […]