– Vinod Kothari and Payal Agarwal | corplaw@vinodkothari.com Readers of financial statements get to know the performance of the company in terms of its financial accomplishments, asset values, etc. However, in a world where sustainability of business models in not very long run will be impacted by environment, climate change, social factors, etc., readers of […]
– Vinod Kothari and Payal Agarwal | corplaw@vinodkothari.com The topic of sustainable finance has become as critical as sustainable development, since finance is the prerequisite for sustainable development. “Finance can play a leading role in allocating investment to sustainable corporates and projects and thus accelerate the transition to a low carbon and more circular economy. […]
– Vinod Kothari | vinod@vinodkothari.com This version: 31st January, 2023 Following the Sovereign Green Bond framework issued by the Govt of India, and in accordance with the calendar of events issued by RBI, the first tranche of the sovereign green bonds has been successfully issued by the Govt of India. Remarkably, the bonds achieved a […]
– Vinod Kothari | finserv@vinodkothari.com It has been a brisk year in terms of activity – a busy regulator kept all regulated entities busier. This year marked the initiation of a new SBR framework for NBFCs – hence there was a lot of buzz in terms of understanding the new regulatory framework. The names of […]
Loans with less than 1 year to go cannot be securitised; Minimum holding period norms tweaked, may impact home loan securitisation – Vinod Kothari | finserv@vinodkothari.com On December 5, 2022, the RBI silently made some significant changes and updated the RBI (Securitisation of Standard Assets) Directions, 2021 (‘SSA Directions’). It is difficult to understand if […]
– Vinod Kothari | corplaw@vinodkothari.com The requirement of maintaining a structured digital database (SDD) arises from Reg 3 (5) of the PIT Regulations, 2015. The PIT Regulations itself does not talk about any compliance certificate as to maintenance of the SDD. However, the requirement of such a certificate emanates from the mails sent by national […]
– Vinod Kothari | finserv@vinodkothari.com Based on the decision on the Monetary Policy Committee[1], the RBI, on 5th August, 2022, hiked the repo rate by 50 bps, to 5.4%. This brings the policy rate to the level where it was before the Pandemic (a brief time chart of the repo rate may be referred below). […]
The new paradigm of lending partnerships in India – Vinod Kothari | finserv@vinodkothari.com In the world of lending, there is a new buzzword – sourcing partnership. This partnership entails the coming together of two entities, both which, let us presume, are financial entities. The one which has strong origination abilities partners with the one which […]
By Vinod Kothari, Managing Partner, Sikha Bansal, Partner and Shraddha Shivani, Executive | corplaw@vinodkothari.com The Supreme Court ruling in PTC India Financial Services Limited v. Venkateshwar Kari and Another is significant in many ways – not that it categorically rewrites the law of pledges which is settled with 150 years of the statute[1] and even […]