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Banking and Finance

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Enhanced focus on disclosure of tax losses in the Information Memorandum (IM)

Submitted by yvonne on Tue, 03/25/2025 - 18:39

The Insolvency and Bankruptcy Code, 2016 (IBC) was introduced to facilitate and streamline the process for revival of business and maximizing asset value by providing a framework for either the resolution of financial stress of the corporate debtor, on a going concern basis or the liquidation of the corporate debtor. From a bidder's perspective, there are certain aspects which are relevant to be considered while bidding / planning a bid for a corporate debtor.

RBI eases risk weight on consumer credit and bank loan: relief for NBFCs and Microfinance Institutions

Submitted by yvonne on Tue, 03/18/2025 - 13:50

Amidst the economic slowdown, Reserve Bank of India (RBI), in its recent move to bolster and augment credit flow to the retail segment involving microfinance institutions and non-banking financial companies (NBFCs), has undertaken revision of the risk weights of certain bank loans to microfinance institutions and NBFCs

Supreme Court clarifies the scope and ambit of Interim Moratorium in personal insolvency proceedings

Submitted by yvonne on Tue, 03/18/2025 - 13:22

In its recent judgment in the matter of Saranga Anilkumar Aggarwal v Bhavesh Dhirajlal Sheth and Ors, 2025 SCC OnLine SC 493, the Hon’ble Supreme Court provided crucial clarity on the scope of interim moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016 (IBC) in personal insolvency proceedings.

Standardization of No-Objection Certificate (NOC) format for existing charge holders

Submitted by yvonne on Thu, 02/27/2025 - 18:08

The Securities and Exchange Board of India (SEBI) has proposed the introduction of a standardized format for the No-Objection Certificate (NOC) / Consent Letter required from existing charge holders when a company seeks to issue listed debt securities (Issue) and create further encumbrance on its assets to secure the Issue.

From Local to Global: Decoding RBI's Recent Amendments to FEMA Regulations for Cross-Border Transactions

Submitted by yvonne on Tue, 01/28/2025 - 12:57

RBI has amended the following regulations (i) Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 (FCA Regulations) through the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Fifth Amendment) Regulations, 2025 (FCA Amendment); and (ii) Foreign Exchange Management (Deposit) Regulations, 2016 (Deposit Regulations) through the Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025 (Deposit A

Upgrades to SEBI Listing Regulations – Optimizing the current disclosure framework for debt listed issuers

Submitted by yvonne on Fri, 01/24/2025 - 10:50

On 12 December 2024, the Securities and Exchange Board of India (SEBI) issued the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024 (Amendment Regulations) which have amended the SEBI (Listing Obligations and Disclosure Requirements), 2015 (SEBI LODR). The Amendment Regulations were framed pursuant to the proposals which were approved by SEBI in its board meeting held on 30 September 2024.