Securitisation Summit, 19th May, 2023 in Mumbai. The largest gathering of structured finance professionals, this side of the world. Over 250 pax expected. Nearly 25 speakers. https://t.co/P8g5bMOfgg
Related party transactions - transactions done with unrelated party, having the purpose and effect of benefiting a related party - will be taken as RPT from 1st April, 2023. A full fledged workshop dedicated on this new provision. 17th March, 2023: https://t.co/EzJxWxU6T4
The RBI has engaged several audit firms to survey base layer NBFCs, adding up to nearly 9000. This entire exercise is due to the unwieldy, unwarranted number of NBFCs in India, which has been defined to include "investment companies". See my article: https://t.co/BzC8fNChuP
14 write ups adding to some 50 pages of writing by my colleagues, on Union Budget 2023 - we focus on the impact on some of the key segments:
https://t.co/HTRKJTOf8v
There is very little retail participation in bonds in India; investors will be now posed with the prospect of losing the tax on the coupons, right at the source. The exemption from withholding tax on listed debentures is proposed to be taken away. See https://t.co/99abQqcAxD
"Green growth" is one of the so-called saptarishis of the Finance Minister, as she used quite a bit of space for this topic in her Budget speech. We analyse whether we are doing enough for a problem which is so lofty and so imminent: https://t.co/mrxnSSvk2K
A Budget proposal that financial regulators will first do consultations before rule-making: See our write up on this, as a part of series of write-ups on the Budget 2023: https://t.co/kNNBPZ6Cga
Market-linked debentures may almost be slit by the Budget proposal to tax capital gains from MLDs as short term capital gains, thereby killing the advantage of listing. The second whammy is withholding tax .
See our article:
https://t.co/YIG8n5DXOv
On 25th Jan 2023, the RBI issued a discussion paper to have a framework for securitisation of stressed loans, including those that are nonperforming. My colleague Timothy Lopes discusses:
https://t.co/JseiM82BTa
RBI intends to intensify regulatory audits of non-banking finance companies, and my colleague Anita Baid argues as to why, and how do entities prepare themselves for a better interface with the regulator: https://t.co/rHJEuTvl3K
Hi all, if any of you are engaged in social enterprises, or know people who are engaged there, we would want to understand whether there will be motivation on such social sector enterprises [for profit, not-for-profit] to register on social stock exchanges.
NFRA proposes copious disclosures by auditors of top 1000 listed companies. If implemented, it will be effective for the current financial year, by 30th June 2023. See a short snippet here:
https://t.co/ebG4SxIrf1
And a detailed write up here:
https://t.co/77T9tcA9zz
Will the green bond issue, or issues such as these, make the earth greener, is a huge question, but this surely indicates India's commitment to have ESG as a part of financial decisions.
Our write-ups on sustainability are here: https://t.co/FGNdUVJkse