NBFCs: A regulatory round up

Place: Kolkata | India

Venue: To be announced
Date: To be announced
Organised by: Vinod Kothari Consultants Pvt. Ltd




Over the years, Non Banking Financial Companies (NBFCs) have acquired immense
significance and they now constitute the very core of the financial system. Within a period of
one year, the NBFC sector saw a blast of regulatory reforms, with all the financial regulators
coming out with something very relevant to the industry. The Reserve Bank of India, which
is the main regulator of the NBFCs, has from time to time come out with various guidelines,
and most recently with extensive and elaborate guidelines and norms on corporate
restructuring for the NBFCs, which we think has come out in tune with the soaring concerns
over NPAs in the country. This has created a lot of buzz among the NBFCs. In addition, the
enactment of the Companies Act, 2013 which replaced the 60-year old Companies Act, 1956
also has many things in store for NBFCs.
With so many relevant regulatory changes transpiring simultaneously, we have decided to
organise a one-day workshop to round up all the regulatory developments for NBFCs. We
shall cover the regulations in details, starting from the Companies Act 2013 to the Corporate
Debt Restructuring norms, and the wider implications of the regulations on the business of
NBFCs and also provide valuable practical tips to steer your business through the tides. For
those in the business of NBFCs, this would surely be a great opportunity to sharpen and
refine your knowledge and expertise, avoid and recover from mistakes and stay ahead in the
competition.




Non Banking Financial Companies
Consultants
Regulators





Why this workshop?
Who can attend?


Session 1: Overview of NBFCs sector and the recent changes
Current sub-sectors and classifications
Sub-sector changes and the implications
NBFC-Factors
Gold loan companies
Pricing of credit for NBFC-MFIs
ECB to AFCs
Other import amendments
CERSAI registration for equitable mortgages
Insurance sector participation
Branch Info
Session 2: Applicability of the Companies Act, 2013 on NBFCs
Section 36 empowerment
Public deposit guidelines
Provisions for appointment of nominee directors
Applicability of sec 185, 186 and relevant exemptions to certain classes of
NBFCs
Applicability of Sections 42, 62, 71
Session 3: New regime for issue of debt
Private placement guidelines
Shelf prospectus requirement
Securities and Exchange Board Of India (Issue and Listing Of Debt Securities)
(Amendment) Regulations, 2014
Issues on fund raising
Session 4: Practical insights into Corporate Debt Restructuring
Session 5: Corporate Debt Restructuring by NBFCs
NBFCs restructuring under the CDR framework
NBFCs restructuring outside the CDR framework
Implications
Computation of fair value of the restructured debt
Computation of promoters sacrifice
Session 6: Framework for distressed assets by RBI

Course Outline



Nidhi Bothra
Qualification: Associate Company Secretary
Present Engagement: Executive Vice President, Vinod
Kothari Consultants P Ltd.


ARTICLES & PUBLICATIONS:

Article on Euromoney Handbook on Structured Finance on Securitisation in
Asia
Article on Solar securitisation in renewable energy magazine.
Co-Authored article on Islamic Lease published in World Leasing News
Articles on Islamic Finance News, Red Money publication Understanding of
Sukuk and Islamic securitisation structures more needs to be done?
Articles in Asset Finance International on -
Indias leasing rebirth in the wake of economic boom
Indian leasing set to grow as non-banking finance companies benefit from
new regulations
Commented on the lease sector India in New hopes for Indian leasing as
gloom lifts in the economy
Ghosts of sale and leaseback -- will we exercise now
Articles in moneylife.com on FDI in Retail FAQs and Securitisation
Guidelines impact on India and on issues relating to securitisation, leasing,
derivatives, ECBs, affordable housing finance and other relevant topics on
finance. http://moneylife.in/author/nidhi-bothra.html
Articles in Indiancorplaw.
Articles in Easter India Regional Council Newsletter, ICSI on Microfinance in
India
Article on Credit Derivatives: Risk Mitigation device in Chartered Secretary
Articles on Easter India Regional Council Newsletter, ICAI on Carbon Credits
Regulatory, Accounting, Taxation Issues
Articles and reviews on the microfinance industry in microfinancefocus.com
Several articles published in www.vinodkothari.com, www.india-financing.com,
www.credit-deriv.com and www.suvidha.com on Micro finance, laws of venture
capital, mortgage industry and carbon credits, leasing, cost management,
Introduction to Financial Markets etc
Analysis of the state of securitization and leasing industry in several countries
Research reports on NBFCs, leasing sector, commercial vehicles industry - India

Faculty

CONSULTING EXPERIENCE:

Led a capacity building program for IFC on developing a toolkit on Housing
Microfinance and Micro-mortgages in India, 2012
Engaged on study on Covered Bonds into India for a Working Committee set up
by National Housing Bank India, 2012
Currently acting as a leasing consultant to several NBFCs in India
Assisted on project for leasing in Egypt for a microfinance entity in Egypt in
2010
Assisted on Affordable Housing Project for the Govt. of Jordan in 2009

TRAINING & LECTURING:

Domestic trainings and lectures:
2 days at 16th Securitisation & Covered Bonds Masterclass, a public
workshop open for corporates held in Mumbai.
2 days public workshop for corporate on Asset Backed Lending & Operating
Leases, in Mumbai, November, 2012, April, and August, 2013.
2 day workshop on Cashflow modeling in Securitisation for corporate in
Mumbai in May, 2013.
Co-faculty for in-house training for Philips India Limited
Co-faculty in 2 day public workshop on Asset-backed lending & Operating
leases organised by VKC in July, 2012
Lectured in Calcutta University on Functioning of Financial Markets
Corporate trainings, trained over 200 employees across India on asset
backed funding
Part of training team for SME lending business for a leading NBFC in India
Guest Lecture at NUJS on Securitisation and SARFAESI
Guest Lecture at ICAIs Masters of Business Finance course
Lectured in Institute of Chartered Accountants of India on Carbon Credits
Lectured several CS students in Institute of Company Secretaries of India
(ICSI)
International trainings and lectures:
5 days Training on securitization at African Securitization & Bonds School
at Ghana, Africa

AREAS OF EXPERTISE:
Securitization & Covered Bonds
Affordable housing
Mortgage lending
Leasing
Asset reconstruction business





OTHER ENGAGEMENTS:

On the Correspondent Board for Islamic Finance News, Red Money Publications
for Securities and Securitisation.
Profile of the month for January, 2012, in Asset Finance International, an
international online journal focused on asset backed lending.
Presently retained as an expert with Globalexperts4u as an expert on legal and
financial topics
Participated in Doing Business 2010, 2012, 2013 & 2014 by IFC, World Bank
on regulatory scenario in India

























Naveen Gupta
Qualification: Chartered Accountant




Mr. Gupta has more than 17 years of experience in Corporate Affair, Finance & Accounts,
with prestigious listed business organizations. Naveens core capabilities are in mobilizing
working capital, long term financing needs to support plant operations/projects though
banks/FIs, Private Equity, Loan Syndication and Debt Restructuring.
Naveen began his career with Technical Associates Pvt. Ltd. a transformer manufacturing
Company based in Lucknow and joined Ramsarup Industries Ltd., Kolkata in 1998. Naveen
served Ramsarup for 15 years at various capacities. During his engagement with Ramsarup,
Naveen was instrumental in listing the Equity Shares of Ramsarup with BSE and NSE,
arranging finances through off-shore funding, raising/restructuring of debt of Rs 2000 Crores.
Naveen has handled BIFR and DRT matters for various companies. Naveen left Ramsarup in
2013 to start his own advisory services in the field of Investment Banking and Corporate
Advisory.
Naveen is member of various organisations namely Steel Wire Manufacturing Association,
Merchant Chamber of Commerce, CII and VIP Chartered Accountants Study Circle. Naveen
is active participant at social camps and various help-age services organized by NSS of St.
Xaviers College.
Naveen has completed his Bachelors in Commerce from St. Xaviers College and is a Fellow
Member of The Institute of Chartered Accountants of India.






Guest Speaker


Ashish Bajaj
Qualification: Company Secretary



Mr. Bajaj has more than 10 years of experience in Corporate Law Matters, Private Equity,
Loan Syndication, Debt Restructuring besides other Corporate Advisory services.
Ashish began his career with Meghalaya Cement Limited as Sr. Manager (Secretarial &
Accounts) and soon moved to Tantia Constructions Ltd. to handle the IPO of the Company as
Company Secretary & Compliance Officer. After the IPO of Tantia Constructions, Ashish
joined Microec Capital Ltd. as VP (Investment Banking). During his engagement with
Microsec Ashish handled various IPOs, Private Equity, Loan Syndication and Corporate
Advisory matters. Ashish left Micorsec in June, 2009 to co-promote Aspire Capital Pvt. Ltd..
Ashish left Aspire in May, 2012 to set up Pasofino Advisory Services Pvt. Ltd., an integrated
financial services firm in Kolkata with a focus on mid-market space. Today inter alia Ashish
is handling five CDR cases ranging from Rs 30 Crores to Rs 250 Crores.
Ashish has completed his Bachelors in Commerce, Chartered Accountancy (Inter) and
Company
Secretary. Ashish secured All India 3
rd
Rank from The Institute of Company Secretaries of
India in its Final Examination.









Guest Speaker



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address mentioned above. Registration shall be confirmed on the realization of the
cheque.
For more details please drop a mail to fintrain@vinodkothari.com or
pooja@vinodkothari.com or abhirup@vinodkothari.com






Websites: www.india-financing.com
www.vinodkothari.com
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