Mondaq India: Finance and Banking
SKP Business Consulting LLP
Historically, the accounting principles have always kept most leases off the books. Such lease commitments were only required to be disclosed as notes to the financial statements.
Khaitan & Co
In the recent past, the adoption of technology has caused significant disruption in financial services sector and the financial ecosystem as a whole.
Dhaval Vussonji & Associates
Builders often attract purchasers into buying under-construction flats by offering various arrangements and schemes with housing finance lenders to provide some relief to flat purchasers from paying heavy interest costs.
Singhania & Co
A cheque is a widely used method of payment and post-dated cheques are frequently used in various transactions in business life.
Nishith Desai Associates
A senior hire last year by global alternatives giant Kohlberg Kravis Roberts & Co (KKR) from CLSA Capital Partners (CLSA)
Vaish Associates Advocates
Under The Benami Transactions (Prohibition) Act, 1988, the scope of benami transaction was very limited and it used to include only those transactions in which property is transferred to one person for a consideration paid or provided by another person.
Dhaval Vussonji & Associates
Further, it was argued by the Petitioners that the said Circular was ultra vires the provisions of the BR Act and RBI Act.
Nishith Desai Associates
In the recent provident fund (PF) judgment, the Hon. Supreme Court (SC) upheld the test of 'universality'. However, that did not seem to create any new jurisprudence ...
Obhan & Associates
If one were to be asked whether Dim Sum, Matador, Samurai, Kangaroo, Maple and Bull Dog share anything in common, one would be hard-pressed for an appropriate reply.
Khaitan & Co
In furtherance of protecting and promoting the interests of the customers in the Non-Banking Finance Companies sector, the RBI has expanded the scope of the Ombudsman Scheme for Non-Banking Finance Companies, 2018.
Majmudar & Partners
The revised ECB framework encourages short-term ECBs, as the minimum average maturity period will now be three (3) years for both, FCY ECBs and INR ECBs.
NovoJuris Legal
The Draft Framework lays down the eligibility criteria for participating in the RS.
Nishith Desai Associates
With approximately 66,000 firms owned by Indians and non-resident Indians in the UAE, and the bilateral trade exceeding $53 billion last year, the two nations have been more financially interconnected than ever before.
Argus Partners
On February 12, 2018, the Reserve Bank of India ("RBI") introduced a revised framework for resolution of stressed assets by scheduled commercial banks and the all-India financial institutions ("Revised Framework").
Argus Partners
Assignment of debt is one of the most common forms of transactions in financial markets. It essentially entails transfer of a debt from a creditor (assignor) to a third-party (assignee).
Clarus Law Associates
The Supreme Court has in the matter of Dharani Sugars and Chemicals Ltd. v Union of India struck down a circular issued by the RBI titled "Resolution of Stressed Assets- Revised Framework" as ultra vires the provisions ...
Cyril Amarchand Mangaldas
This will result in better performing and professionally managed Indian companies.
Cyril Amarchand Mangaldas
The Supreme Court's judgment in Dharani Sugars and Chemicals Limited vs. Union of India is examined herein.
Dhaval Vussonji & Associates
It was also argued that the said Circular suffers from absence of guidelines.
Cyril Amarchand Mangaldas
Fintech has massively transformed money flow and settlement transactions among millennials.
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AMLEGALS
The Negotiable Instruments (Amendment) Bill was put forth before the Lok Sabha by the Finance Minister on January 2, 2018.
IndusLaw
The RBI, on September 1, 2018, released a user manual to clearly set out the procedure for filing a single master form, which it introduced on June 7, 2018, to integrate the existing reporting norms for foreign investment in India.
NovoJuris Legal
The Ministry of Corporate Affairs (the MCA) in the month of January & February 2019 has issued the following amendments notification under the Companies Act 2013 (the Act):
Khaitan & Co
The Hon'ble Supreme Court (SC), in its recent decision in the matter of M/s Hindon Forge Pvt. Ltd. & Anr. v State of Uttar Pradesh [(Civil Appeal No 10873 of 2018 along with Civil Appeal No 10874 of 2018)] ...
Nishith Desai Associates
In this hotline, we discuss three recent judgments which have been pronounced on the subject of the taxation of unexplained cash credits in the form of share capital/ premium under Section 681 of the Income Tax Act.
Khaitan & Co
In the recent past, the adoption of technology has caused significant disruption in financial services sector and the financial ecosystem as a whole.
Cyril Amarchand Mangaldas
The Reserve Bank of India ("RBI") has issued the Reserve Bank of India Directions, 2019 on June 07, 2019[1] in which the RBI has continued the core principles of its circular dated February 12, 2018...
Obhan & Associates
If one were to be asked whether Dim Sum, Matador, Samurai, Kangaroo, Maple and Bull Dog share anything in common, one would be hard-pressed for an appropriate reply.
Khaitan & Co
The RBI issued a revised prudential framework for resolution of stressed assets on 7 June 2019 in supersession of the erstwhile circular on Resolution of Stressed Assets dated 12 February 2019 which was struck down ...
Cyril Amarchand Mangaldas
The intention of parliament in providing a time period of 15 days in section 13 (3A) was to ensure that the secured creditors respond within reasonable time and hence the said time period is directory in nature.
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