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India
Phoenix Legal
In May 2021, the Securities and Exchange Board of India issued a discussion paper on the consolidation of the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, and ...
Link Legal
The Master Directions owes its genesis to the ‘Draft Framework for Sale of Loan Exposures' which was released by RBI in course of the first COVID-19 induced lockdown in the Country.
Trilegal
The RBI has simplified the regime for prepaid payment instruments with a view to enhance seamless adoption of such instruments for digital payments.
BTG Legal
In April 2021, the Reserve Bank of India ("RBI") restricted American Express and Diners Club from adding new customers for 6 months, with effect from May 2021.
Obhan & Associates
Prepaid Payment Instruments or simply, PPIs, may sound like a mouthful, but they have become interspersed with our daily life, and indeed transformed the way we undertake everyday transactions.
Khaitan & Co
In a recent order in Palak Khatuja v Union of India and others (WP(T) No. 149 of 2021), a single judge bench of the Hon'ble Chhattisgarh High Court has upheld the validity of reassessment notice issued under the old law ...
Trilegal
IFSCs enjoy various fiscal benefits, including in relation to taxes levied.
Rajani Associates
In India, Alternate Investment Funds (AIFs) are governed by SEBI (Alternate Investment Funds) Regulations, 2012.
Obhan & Associates
Section 60 of the Transfer of Property Act, 1882, lays down that after the principal money becomes due, the mortgagor can tender the money and require the mortgagee to deliver the...
Trilegal
The RBI has released a new framework governing the outsourcing of activities by non-bank payment system operators. In this update we summarize the salient features of this framework and its implications.
Aureus Law Partners
Recently, on July 26, 2021, a Division Bench of the Supreme Court pronounced a judgement upholding that interest free loans would fall under the definition of ‘financial debt' as defined under section 5(8)...
Obhan & Associates
The Delhi High Court in the case of Larsen & Toubro Limited vs. Punjab National Bank1 recently pronounced an important judgement clarifying the duration of a claim period in a bank guarantee....
S.S. Rana & Co. Advocates
In a recent development, the Reserve Bank of India (RBI) barred American Express Banking Corp. and Diners Club International Ltd. from onboarding new customer from May 01, 2021.
Khaitan & Co
The Customs Excise and Service Tax Appellate Tribunal, Bangalore bench vide order dated 1 July 2021 in ICICI Econet and Internet Technology Fund v Commissioner of Central Tax [Service Tax Appeal No 2900 of 2012] ...
Gravitas Legal
In the first part of our three-part series of articles on different aspects of the trust and retention account agreements, we limited our analysis to the treatment/priority accorded to Government and Statutory Dues vis-à-vis the rights of the creditors.
Singh & Associates
During the economic reforms of 1990s, drastic changes were made to the economy by adoption of the
principles of liberalization, privatization and globalization.
Singh & Associates
India does not have any specific domestic legislation with respect to the leasing and financing of aircrafts.
HSA Advocates
As an early-stage investor, the quality of founders is one of the most important criteria for us when we invest. Usually, at the time we come in, there is limited consumer traction...
HSA Advocates
These announcements will bring succor to the battered sectors of the economy that are characterized by close contact for their service delivery and day-to-day operations.
VGC Law Firm
IBBI has recently circulated to all the Insolvency Professionals and other service providers in relation to Deposit of Unclaimed Proceeds relating to Liquidation and Voluntary Liquidation Processes.
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