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India
Khaitan & Co LLP
As on 30 April 2022, the assets under management of the mutual fund (MF) industry in India stands at INR 38.04 lakh crore, with 45% of the total assets being routed through direct plans.
Khaitan & Co LLP
The Securities Exchange Board of India (SEBI) released a consultation paper on 8 July 2022 proposing applicability of SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations)...
Khaitan & Co LLP
Issuance of listed debt securities in India is currently by way of: (a) public issuance through the Stock Exchanges and Depositories; and (b) private placements to an identified set of ...
Resolut Partners
SEBI held that this was in violation of the AIF Regulations.
Link Legal
These Master Directions has brought a better clarity on provisions related to issuing debit cards and credit cards and facilities provided along with it and also has defined the key terminologies.
Khaitan & Co LLP
The National Payment Corporation of India (NPCI) has issued an operating circular (NPCI/UPI/OC No 153/2022-23) on 5 July 2022 (OC) stipulating guidelines for capturing customer location on Unified Payments Interface (UPI).
Khaitan & Co LLP
An infrastructure Investment Trust (InvIT) is a pooled investment vehicle like a mutual fund, that comprises of portfolio of infrastructure assets like, inter alia power transmission, road, pipelines and highways...
Khaitan & Co LLP
The Finance Act, 2022 amended the Income-tax Act, 1961 (IT Act) by introducing a new taxation regime in relation to Virtual Digital Assets (VDAs) wherein: (i) a 30% tax has been levied on income...
RBI Extending The Restriction On Storage Of Actual Card Data (Card-On-File) To Facilitate Compliance
Khaitan & Co LLP
At present, several participants, including merchants, are involved in the online card transaction chain, who store actual card (CoF) data like card number, expiry date, etc., citing cardholder...
Khaitan & Co LLP
On 10 January 2019 the Securities and Exchange Board of India (SEBI) had prescribed the framework for cyber security and cyber resilience for mutual funds / asset management companies vide Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/12.
Khaitan & Co LLP
As a part of its ongoing endeavour to reduce compliance burden on regulated entities by, inter alia, removing redundant and repetitive filings and instructions, ...
Khaitan & Co LLP
On 21 August 2019, the Reserve Bank of India (RBI) had issued a framework for processing of e-mandates for recurring online transactions (merchant payments) applicable
Khaitan & Co LLP
The nomination facility enables a unitholder to nominate (either at the time of purchase or subsequently), a person who would be entitled to claim the investor's mutual fund units...
HSA Advocates
On April 21, 2022, the Reserve Bank of India (RBI) published the Master Directions on Credit Card and Debit Card – Issuance and Conduct Directions, 2022 (Directions).
Resolut Partners
In a landmark ruling, Supreme Court has clarified the law surrounding pledge of demat shares. Until this ruling, courts had held that a transfer of shares to the pledgee upon invocation...
King, Stubb & Kasiva
The RBI recently released a notification on the Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs dated April 29th 2022 vide Circular...
LexOrbis
The Supreme Court of India recently while bringing much-awaited relief to NBFCs has upheld the supremacy of the RBI over the supervision and regulation of NBFCs registered under the Reserve Bank of India Act, 1934.
King, Stubb & Kasiva
Disinvestment is the process of converting money claims or securities into cash or funds. It occurs through the sale or liquidation of a company's subsidiary or asset.
Dhaval Vussonji & Associates
In comparison to banks, non-banking financial companies ("NBFCs") have always enjoyed higher net interest margins ("NIM") which is the amount of money that it is earning in interest on loans compared to the amount it is paying in interest on deposits.
Phoenix Legal
Microfinance regulation has previously focused on non-banking financial companies – microfinance institutions (NBFC – MFI), and not on other entities engaged in microfinance...
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