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Change In Ownership Of Borrowing entities

Published on Wed, Oct 07,2015 | 22:40, Updated at Wed, Oct 07 at 22:40Source : Moneycontrol.com 

In June, 2015, the RBI introduced the “Strategic Debt Restructuring Scheme (SDR)”, which enabled banks to convert loans to equity shares while availing certain exemptions from asset classification norms. By way of a circular dated September 24, 2015, (“Circular”), the RBI has permitted banks to upgrade the asset classification of accounts of borrowing entities whose ownership has been changed outside the SDR as well, to ‘standard’. This ELP Alert details how such Change In Ownership Of Borrowing Entities will take place…
Attachments : Change in ownership of borrowing entities.pdf
 
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