Lexis Nexis’s Law and Practice of Non-Banking Financial Companies by Vinod Kothari – 1st Edition 2025.

Law and Practice of Non-Banking Financial Companies is an in-depth, practitioner-oriented exposition of the regulatory framework governing NBFCs in India. Designed as an essential resource for practitioners, policymakers, and students of financial law, this treatise is heavily enriched by the author’s years of hands-on experience consulting for India’s leading NBFCs. Where necessary, the book looks beyond domestic borders—analyzing comparable global laws, Basel regulations, and traditional banking laws to provide contextual meaning to the RBI’s framework.

Decoding Scale-Based Regulations & Digital Lending

The regulatory approach to NBFCs has undergone a massive structural shift. This book meticulously decodes these new mandates:

• Comprehensive RBI Master Directions: Offers an exhaustive overview of the Scale Based Regulation (SBR) Directions 2023, KYC Master Directions, and Fraud Master Directions.

• Modern Credit Delivery: Analyzes critical provisions governing the modern financial ecosystem, including MFI Directions, Information Technology Directions, and the newly minted Digital Lending Guidelines and KFS Circular.

• Complex Compliance Mechanics: Explains opaque concepts like customer interface regulations, access to public funds, and the calculation of the Annualised Percentage Rate (APR).

Practical Implementation & Risk Management

Each chapter aims to bridge the gap between theoretical understanding and practical boardroom implementation.

• Corporate Governance & Risk: Provides actionable guidance on setting up compliance systems, liquidity risk management, and Asset-Liability Management (ALM).

• Supervisory Concerns: Elaborate commentary on the typical concerns of RBI supervisors, including risk classification for PMLA, fair lending practices, and interest rate policies.

• Cross-Statute Analysis: Compares applicable RBI regulations directly with corresponding provisions from the Companies Act and Ind AS reporting requirements.

Who Should Buy This Book?

• CFOs, Compliance Officers & In-House Counsel: The ultimate desk reference for navigating audits, supervisory returns, and structuring new digital lending products.

• Chartered Accountants & Company Secretaries: An indispensable guide for ensuring corporate governance and capital adequacy compliance for NBFC clients.

• Banking Lawyers & Financial Consultants: Provides the deep, contextual legal arguments and market practices required for structuring complex supply chain and factoring agreements.

About the Author

Vinod Kothari Vinod Kothari is an internationally acclaimed financial consultant, corporate law authority, and author. A highly distinguished qualified Chartered Accountant (CA) and Company Secretary (CS), he has previously served as the Chairman of the Eastern India Regional Council of the Institute of Company Secretaries of India (ICSI).

He is the founder of Vinod Kothari Consultants and Vinod Kothari & Company, firms widely regarded as top-tier advisory institutions for banking regulations, NBFC compliance, structured finance, and corporate governance. His writings are renowned for translating complex, global financial regulations into actionable, practice-ready insights for the Indian market.

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