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By Michelle Solomon Le Page
Section 20 of Banking Regulation Act, 1949 prohibits banks from giving any loans or advances to its directors.
By Michelle Solomon Le Page
The form is the same as was prescribed for Indian companies by the 18 June 2014 notification of the Reserve Bank of India.
By Michelle Solomon Le Page
India has grappled with black money problems for decades, and no sector has been more implicated than the real estate sector.
By Ekta Chandan, Kinjal Katkoria
Promoters, private equity investors and technical collaborators can now freely negotiate on the Right to First Refusal ("ROFR") while investing in shares of a public company in Maharashtra, India.
By Anjali Agarwal, Anagha Subramaniam
Syndicated advances are quite common in lending transactions. In large financing, a single bank may not be in a position to provide the finance by itself.
By Jonathan Jose, Shruti Maniar
There are two ways in which a foreign judgment or decree can be enforced in India depending on whether the judgment or decree has been given by a court in a reciprocating territory or not.
By Michelle Solomon Le Page
A recent RBI circular dated 5 January 2015 has added further clarifications and guidelines to the participation of banks in the insurance sector...
By Michelle Solomon Le Page
Eligible residents are currently permitted to enter into FCY/INR swaps to hedge against exchange rate or interest rate risk exposure...
By Michelle Solomon Le Page
The concept of facilitating small and medium enterprises can be traced back to the Industries Development and Regulation Act, 1961.
By Michelle Solomon Le Page
An Indian insurance company should ensure that its ownership and control remains at all times in the hands of resident Indian entities.
By Michelle Solomon Le Page
This policy also focuses on generating employment and raising value addition in India, which is in line with the ‘Make in India' initiative launched by Indian Prime Minister Narendra Modi.
By Michelle Solomon Le Page
Views are being expressed that the Bill is being used to dilute the effect of the Act.
By Michelle Solomon Le Page
By a circular dated 1 January 2015, the Reserve Bank of India has permitted Authorised Dealer Category-I banks to allow the creation of (i) charges on immovable and movable assets, (ii) charges over financial securities and (iii) issue of corporate or personal guarantees in favour of overseas lenders to secure External Commercial Borrowings (ECB) raised by borrowers.
By Michelle Solomon Le Page
Pursuant to the Reserve Bank of India circular dated 12 February 2015, the Advance Remittance Form and the FCGPR Form must be downloaded from the newly set up "e-Biz" portal of the Government of India, filled in and uploaded.
By Michelle Solomon Le Page
By way of a circular dated 12 January 2015, the Securities and Exchange Board of India has directed stock exchanges to implement a stronger "circuit breaker mechanism".