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Never bet against regulation in online gaming
The online gaming industry, particularly real money gaming, has grown significantly. At the same time, the industry has experienced uncertainty and disruption, leading to an increased need for regulation and guidelines. The Ministry of...
Disruptive technology or disruption disguised as convenience
Finance, bookkeeping, transaction-making, investment, credit, insurance and trade have always operated under the strict eye of the regulator. The sector has always been a conventional one and an authoritarian compliance regime has overseen its...
India brings rupee to the world
The US dollar is widely used in international trade and finance, with more than 70% of transactions using that currency. It also serves as the dominant reserve currency for central banks around the world....
Cashing in on new green deposits framework
On 11 April 2023, the Reserve Bank of India (RBI) put in place a new framework, effective from 1 June 2023, encouraging RBI regulated entities (RE) to offer green deposits for financing green activities...
Indian Law Firm Awards 2023
Recognising and rewarding exceptional legal work. Katherine Abraham reports
India’s legal industry is experiencing a surge in activity, driven by increased deal-flow and record-breaking IPOs. While the most recognised law firms continue to dominate on...
Disruptive technology or disruption disguised as convenience
Finance, book-keeping, transaction-making, investment, credit, insurance and trade have always operated under the strict eye of the regulator. The sector has always been a conventional one, and an authoritarian compliance regime has overseen its...
Regulators link Singapore’s PayNow and India’s UPI
The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) have launched a real-time payment system linkage between Singapore's PayNow and India's Unified Payments Interface (UPI).
According to the announcement, this is...
Judging retirement
Are mandatory retirement ages for senior judges discriminatory? And are we pushing out our finest legal minds just as they hit their peaks of knowledge? Our regular columnist for sister publication China Business Law...
Shortfall undertaking is financial debt under IBC
In lending transactions, standard practice is to obtain shortfall undertakings, that is meeting any shortfall in the repayment of the underlying facility from holding companies of the borrower or financially strong companies in the...
India benefits from continued growth in FDI
Foreign Direct Investment (FDI) is an integral part of the Indian economy. Over the years, India has emerged as a popular destination for FDI owing to its huge domestic demand, the availability of natural...
Constitution bench decision will impact progress of arbitration
After delivering a pro-arbitration judgment in the case of NN Global Mercantile Pvt Ltd v M/s Indo Unique Flame Ltd and Ors, the Supreme Court referred the case to a constitution bench of the...
RBI told to report daily on foreign remittances
The Ministry of Home Affairs has mandated the State Bank of India (SBI) to daily reporting on all details of overseas donors, including the purpose of remittances.
In response, the Reserve Bank of India (RBI)...
RBI draft guidelines for Basel III minimum capital
The Reserve Bank of India (RBI) has published draft guidelines for minimum capital requirements for market risk under the international Basel III framework. The bank has requested comments on the draft guidelines by 15...
Deals of the year 2022
India Business Law Journal reveals the standout deals and disputes of 2022 and the law firms that showed their worth in successfully concluding them
Despite concerns of a resurgence in covid-19 cases at the beginning...
Securing the future of stressed assets
Securitisation is the aggregating of commercial debt and repackaging it as capital market instruments. India has separate regulatory frameworks for the securitisation of standard or performing assets, which involve banks and financial institutions, and...
Swiss lessons in simplified mergers
Having completed a simplified takeover in seven working days under the 2003 Swiss merger act, Yashasvini Kumar, Pooja Gondalia and Bhakti Sampat look at how the approval process could be made quicker in India,...
Cashing in on a digital currency
Throughout history, money has taken many different forms, finally developing into the most widely used, paper currency. During the past decade, money has further evolved into something previously thought impossible, cryptocurrency. The ongoing global...
Caught in the crosshairs
Fierce campaign to tame online space
The digital sphere has been firmly in the sights of the government. When the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, were announced last year,...
Keymasters
As the world acknowledges the real threat of global recession, where and how a Company should invest has never been more challenging. General counsel hold the keys To unlocking opportunity, and more than ever...
Green & keen
A framework for the deployment of sovereign green bonds shows the government is committed to a marriage of climate and infrastructure. Environmental advocate Ashutosh Senger explains
To tap finance from potential investors for deployment in...
Where there’s a will
While estate planning is an uncomfortable subject, it is also an unavoidable one for those looking to leave behind an enduring legacy, writes K Satish Kumar, the group chief legal officer of Intellect Design Arena,...
Enforcing integrity
As the insolvency and bankruptcy board turns up the heat on insolvency practitioners, Karuna Sharma and Atul Malhotra examine the tools of inspection and investigation at their disposal to ensure compliance with the code
T...
ARCs can be resolution applicant
The Reserve Bank of India (RBI) released a new regulatory framework for Asset Reconstruction Companies (ARCs) on 11 October allowing them to be resolution applicant (RA) entities under the Insolvency and Bankruptcy Code, 2016...
Much needed revamp
Changes proposed to competition act see mixed response
The introduction of the Competition (Amendment) Bill, 2022, seeks to overhaul the competition law framework in India. Several competition law practitioners have hailed the bill for its...
Giving India’s pilot CBDC wings to fly
The Reserve Bank of India (RBI) has recently released a Concept Note on Central Bank Digital Currency (CBDC) (CN) outlining the principles it will adopt when developing an ecosystem for India’s first CBDC or...
New framework for ARCs perhaps a missed opportunity
The April 2021 statement on developmental and regulatory policies of the Reserve Bank of India (RBI) noted the growth of asset reconstruction companies (ARCs), mentioning that “their potential for resolving stressed assets is yet...
Here comes the sun
With the worst of the pandemic behind us, and despite looming clouds in the global economy and geopolitics, India Business Law Journal’s annual market survey finds law firms in a buoyant mood on the...
Lending apps under RBI scrutiny
India’s digital lending industry, which is expected to grow in worth to USD1.3 trillion by the end of the decade, has been subject to a clampdown by the central bank. The Reserve Bank of...
S&R guides Light Microfinance in USD23.7m fundraising
S&R Associates represented Light Microfinance in its INR1.96 billion (USD23.7 million) series B funding round led by British International Investment along with existing investors Nordic Microfinance Initiative, Triple Jump and Incofin.
The S&R team was...
Digital lending goes up; RBI cracks down
India’s vibrant digital lending sector has grown at an unprecedented rate, increasing from USD9 billion in 2009 to USD110 billion a decade later. Participants in the industry include banks and financial institutions regulated by...
Internal ombudsman deadline for CICs
The Reserve Bank of India, in its monetary policy statement on 5 August 2022, directed all registered credit information companies (CICs) to appoint an internal ombudsman (IO) by 1 April 2023 for addressing grievances...
Supreme Court decision clouds insolvency process
The Supreme Court’s judgment in the case of Vidarbha Industries Power v Axis Bank opened a Pandora’s box earlier this year when it unsettled a long established practice of the adjudicating authority admitting insolvency...
DSK, CAM, Link Legal lead advisers in Imagicaa debt restructuring
DSK Legal, Cyril Amarchand Mangaldas (CAM) and Link Legal advised in India amusement park Imagicaaworld Entertainment’s debt restructuring that saw Malpani Group acquire a 66.5% stake in its rival.
Malpani’s acquisition in Imagicaaworld is valued...
Framework for cross-border settlement in rupees
The Reserve Bank of India (RBI) has announced an extensive mechanism to accelerate cross-border trade settlements in Indian rupees (INR) in a move to bolster trade in the Indian currency. To execute the plan,...
Sustainable financial management push
In a move that aligns with global climate risk mitigation, the Reserve Bank of India (RBI) has asked banks in the country to promote sustainable financial management and embed environmental, social and governance (ESG)...
RBI announces forex inflow measures to curb risk
The Reserve Bank of India (RBI) issued notifications covering a range of foreign investment options to increase foreign exchange inflows in response to a weakening rupee and a tightening of global financial conditions. Liberalisation...
RBI perhaps too suspicious of digital lending
Consistent with its customer-protection orientation, and its hawkish stance towards the fintech sector, the Reserve Bank of India (RBI) set up a working group in January 2021 to evaluate “digital lending including lending through...
RBI takes credit for curbing PPI financing
On June 20, 2022, the Reserve Bank of India (RBI) issued directions to all non-bank prepaid payment instrument (PPI) issuers that loading of PPIs through credit lines was not permitted (PPI credit circular). This...
Forex inflows need open doors not small windows
On 6 July 2022, the Reserve Bank of India (RBI) issued a press release setting out measures it proposed to introduce to “mitigate volatility and dampen global spillovers” caused by “high risk aversion” gripping...
RBI extends card tokenisation deadline
The Reserve Bank of India (RBI) has extended the deadline for card-on-file (CoF) tokenisation from 30 June to 30 September 2022, citing implementation issues highlighted by merchants.
“Industry stakeholders have highlighted some issues related to...
Condition critical
A conflict has played out before several judicial forums over the fate of Future Retail, a company in grave health with creditors and two of the world’s richest men entangled in its fate. Freny...
Strength during adversity
Enduring challenges amid a perfect storm
The country is in the midst of grappling with unfavourable circumstances such as high unemployment and high inflation. Together these can potentially become as disruptive as the pandemic, but...
RBI increases responsibilities of loan transfer parties
The Reserve Bank of India (RBI) issued the Transfer of Loan Exposures Directions, 2021 (directions) in September 2021, which prescribe a comprehensive and robust framework to facilitate the sale, transfer and acquisition of loan...
Time not ripe for mutual funds to buy offshore
As India’s foreign exchange reserves continue to shrink well below USD600 billion and the rupee continues to close at all-time lows, it is unlikely the Reserve Bank of India (RBI) will lift the restriction...
Who dares wins, but not at our expense
To align the regulatory framework for non-banking financial companies (NBFCs) with mainstream governance practices, the Reserve Bank of India (RBI) introduced a scale-based regulatory framework for NBFCs in October 2021. This included governance-related requirements.
The...
Pricing dilemma in acquisitions by foreign owned companies
Rule 23(1) of the Foreign Exchange Management (Non-Debt Instruments) Rules 2019 (rules) provides that investments by foreign-owned or controlled companies (FOCC) in an Indian company shall be subject to “entry route, sectoral caps, pricing...
Indian Law Firm Awards 2022
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Indian Law Firm Awards 2015
Indian Law...
Building trust
No legacy as rich as honesty
The world’s richest man Elon Musk’s move to take over Twitter has the world engrossed. Twitter’s hope of finding a white knight, a counter-offer to fend off Musk’s hostile...
CCI’s hands tied in debt trustee dispute
India’s antitrust probe into the alleged collusion over fees charged by debt trustees of the State Bank of India, Axis Bank and IDBI Bank took a back seat following an intervention by the Bombay...
Insolvent financial service providers a class apart
When the Insolvency and Bankruptcy Code (IBC) was introduced in 2016, an exception was made under section 3(17) for financial service providers (FSP) to prevent them from being dragged into insolvency. The legislature has...
RBI recasts framework for microfinance providers
Microfinance regulation has previously focused on non-banking financial companies – microfinance institutions (NBFC – MFI), and not on other entities engaged in microfinance such as banks and other NBFCs. The Reserve Bank of India...
Private client models enter the modern world
Traditional family-run businesses are giving way to a new age of startups and technology-driven business models. Given India Inc’s desire for a global footprint, migration or foreign passports are now common. Many families and...
Fintech is the future of inclusive finance
The banking and financial services sector has long been a pioneer and centre of technological innovation, providing end-user banking and financial services. Fintech has emerged as a direct competitor to legacy banking, but has...
RBI to revise export-import payment aggregation framework
The Reserve Bank of India (RBI) on 7 April 2022, released draft guidelines for the processing and settlement of small-value export and import related payments facilitated by online export-import facilitators (OEIF) (draft guidelines). The...
Assured increase of FDI in the insurance sector
On 14 March 2022, the government issued Press Note 1 of 2022 allowing 20% foreign direct investment (FDI) through the automatic route in the Life Insurance Corporation of India (LIC) a corporation established and...
RBI relief for fintech’s credit report quandary
Reserve Bank of India's move to allow fintech companies to access credit information via credit bureaus is a positive move, but ownership and control issues remain unresolved, writes Kaushal Mathpal
A
s per the Reserve Bank...
Cryptic question
Viable alternative or Dutch tulip?
There should be little surprise that India continues to struggle with the knotty problem that is virtual currencies, which according to a May 2020 ruling of the Supreme Court, “elude...
DAOism: a new kind of faith
The idea for a decentralised autonomous organisation, where the rules are baked into its code with no management structure or board of directors, has emerged with the rise of blockchain technology. Andrew Godwin examines...
RBI raises FI cap under voluntary route
The Reserve Bank of India (RBI) issued a circular to raise the investment limit for foreign portfolio investors (FPIs) under the voluntary retention route (VRR) to INR2.5 trillion (USD32.93 billion). The earlier limit was...
Regulations to implement changes to Factoring Act
Factoring is considered an important source of short-term and working capital financing for micro, small and medium enterprises. It enables them to obtain upfront credit for invoices raised, without over-leveraging balance sheets. Factoring is...
Tightened norms for financial institutions
The Reserve Bank of India (RBI) has been gradually aligning the regulations applicable to banks and non-banking financial companies (NBFCs). Apart from implicitly recognising that NBFCs are fast narrowing the gap with banks in...
Giving credit greater access to data
Digital lending in India has grown exponentially over the past 24 months powered by lending partnerships between fintech platforms and regulated lenders. A key driver has been non-traditional credit analytics that rely on alternative...
Growing a conscience
Current events dictate that ESG considerations are increasing in importance for companies as well as regulators, warns Ashutosh Senger, lead counsel at Florence Capital
The challenges faced by societies due to the pandemic and the...
Meta ready to throw in towel
Facebook’s parent has threatened to call it quits in India as it fears the data privacy law could force it to modify or cease existing business practices.
On 2 February, Meta Platform expressed concerns in...
Regulatory landscape for debt capital markets
Rather than being overly prescriptive, applying an even-handed approach to regulations will better serve the SEBI’s overall goals, write Aditya Bhargava and Sristi Yadav
Traditionally, debt raising in India has been skewed to borrowings from banks. From a...
Deals of the Year
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Cheques and balances
The number of criminal cases filed against cheque defaulters has overwhelmed India’s judicial system. One obvious solution is to decriminalise what is often a civil dispute, but lawyers aren’t convinced that’s the answer. George...
Offline digital transactions are now on point
Financial sector stakeholders keep a close watch on the release of statements from the Reserve Bank of India (RBI) on developmental and regulatory policies. These statements provide guidance on the RBI’s thought processes and...
SEBI introduces special situation funds
The Securities and Exchanges Board of India (SEBI) has introduced a new sub-category under alternate investment funds to recognise special situation funds (SSFs).
On 24 January 2022, the securities regulator notified the amended SEBI (Alternative...
India and Singapore relax over stressed assets
The Insolvency and Bankruptcy Code, 2016 (code) provides for the comprehensive rules-based resolution of insolvent corporate debtors, and has become a significant and successful means of stressed asset resolution. The success of the code...
RBI further extends deadline for deletion of card-on-file data
On 23 December 2021, the Reserve Bank of India (RBI) further extended for six months the deadline for removal of card-on-file (CoF) data. Payment aggregators (PAs) and merchants may thus continue to store customer...
Scale-based regulation for NBFCs – A pragmatic approach
Recognising the contribution of non-banking financial companies (NBFCs) to the banking system and the need to review the existing regulatory framework due to their changing risk profile, the Reserve Bank of India (RBI) in...
NBFCs are now subject to prompt corrective action
In October 2021, the Reserve Bank of India (RBI) released a scale-based regulatory framework for non-banking financial companies (NBFC) to tackle systemic risks posed by the sector. Continuing its steady march forward in aligning...
India’s path to carbon neutrality
The absence of a climate change law leaves pressing concerns for India’s achievement of emission reduction goals, write Priti Suri and Arya Tripathy
India is moving fast towards becoming the world’s most populous country, and...
India tackles the difficulties of regulating cryptos
Cryptocurrency regulation started in 2018 with the Reserve Bank of India (RBI) prohibiting banks from involvement in crypto-based transactions. The Supreme Court overturned the ban, leading to significant growth in the trading of cryptocurrency,...
RBI revises rules for securitisation of stressed assets
The Reserve Bank of India has revised its rules for securitisation and sale of loans to help banks improve liquidity and rebalance exposures.
The revamp expands the types of assets that can be transferred and...
New internal ombudsman scheme for NBFCs
In recognition of the systemic importance of non-banking financial companies (NBFC) in credit delivery and their integration into the financial sector, the Reserve Bank of India (RBI) issued directions on 15 November requiring NBFCs...
Jury out on fate of cryptos, NFTs
India stands on the cusp of a cryptocurrency boom even as a 2021 bill may scupper opportunities while also affecting prospects for non-fungible tokens, which are traded in cryptos. Raghavan Ramabadran and Sai Prashanth define the instruments and...
IBLJ In-house Counsel Awards
In-house Counsel Awards 2022
India Business Law Journal reveals the country’s leading in-house counsel and corporate legal teams in our very first awards. Gautam Kagalwala reports
Individual AwardsTeam Awards
For the inaugural India Business Law Journal In-house...
Deals in brief
Ikigai, JSA assist crypto exchange on fundraise
Ikigai Law advised fintech company Primestack, which operates the cryptocurrency exchange CoinDCX, when it raised INR6.7 billion (USD90 million) in a series C funding.
The round was led by...
Clarity required on framework for new securitisation
Securitisation of standard assets is an important tool used by banks and financial institutions to increase liquidity in financial markets and to ensure access to loans and financial products for unbanked sections of society....
Unlocking new pastures for distressed investment in India
In the past half-decade, India has seen a great deal of investment and M&A activity in stressed assets. Large parts of this activity have focused on acquiring distressed companies through the Insolvency and Bankruptcy...
Card-on-file tokenisation introduced by RBI
On 7 September 2021, the Reserve Bank of India (RBI) issued a directive (CoF directive) extending the existing device-based framework for tokenisation to card-on-file tokenisation (CoFT).
The CoF directive followed the RBI’s decision in a...
RBI revises classifications of PPIs
The Reserve Bank of India (RBI) on 27 August issued master directions on prepaid payment instruments (PPIs) with new classifications and to provide a framework for their authorisation, regulation and supervision.
New companies setting up...
Ikigai, JSA assist funding of India’s first crypto exchange unicorn
Ikigai Law advised fintech company Primestack, which operates and maintains cryptocurrency exchange CoinDCX, when it raised INR6.7 billion (USD90 million) in series C funding.
The round was led by B Capital Group and included existing...
Antares, AZB, Khaitan advise on BharatPe fundraise
Antares Legal represented lending and digital payments startup Resilient Innovations, which operates as BharatPe, on its recent USD370 million series E equity fundraise led by new investor Tiger Global.
AZB & Partners advised Tiger Global,...
Chasing change
Regulating for a slice of tech pie
Tax authorities across the globe have been denied access to big tech profits by strategies made possible because of the digitalisation of economies and the flattening of borders....
Corporate and commercial e-interests yield to consumers
A new draft of the e-commerce rules was published in June 2021 and feedback is invited. The rules apply to all goods and services purchased or sold over electronic networks, including non-tangible products and...
Rupee reboot
With the central bank poised to begin the process of adopting an official digital currency, veteran finance adviser Shivanand Pandit assesses the checks and balances needed to safeguard the process
The lawfulness of cryptocurrencies in...
Microfinance framework overhaul a welcome move
The Reserve Bank of India’s (RBI) comprehensive regulatory framework for microfinance prescribes requirements such as the nature of borrowers, maximum disbursement amounts and ceilings on interest rates and other charges. However, this framework applies...
RBI issues advisory for Libor transition
With the UK’s Financial Conduct Authority (FCA) announcing that it will cease to provide the London interbank offered rate (Libor), the Reserve Bank of India (RBI) has issued an advisory to the banks on...
The challenges ahead for Libor transition
The globally accepted, decades-old financial benchmark, the London interbank offered rate (Libor), retires at the end of 2021 for most rates, or by mid-2023 for others. The Reserve Bank of India (RBI) on 8...
RBI puts freeze on Mastercard issuances
Mastercard’s failure to comply with the Reserve Bank of India’s (RBI) directive to store payment data in the country has left private sector banks including HDFC Bank, ICICI Bank, RBL Bank and Yes Bank,...
SPACs: Why PIPE investments play a key role
Lynwood Reinhardt and Brooke Dorris examine the impact of private investment in public equity on de-SPAC transactions
The SPAC, or special purpose acquisition company, is a resurgent spin on the relatively well-trodden concept of a...
L&L Partners assists restructure of Shapoorji Pallonji debt
L&L Partners advised State Bank of India in a one-time restructuring of outstanding loans of about INR200 billion (USD2.69 billion) of Shapoorji Pallonji & Company. Desai & Diwanji advised Shapoorji Pallonji & Company, which...
How blockchain enhances efficiency in trade finance
Some Indian banks have formed the “Indian Banks’ Blockchain Infrastructure Company” (IBBIC), aiming to use blockchain technology for processing letters of credit (LC) in domestic transactions. The IBBIC is a world first in domestic...
When SPACs come knocking
Ashok Lalwani and Mark Bell explore the opportunities and risks associated with Indian companies taking the SPAC route
With the accelerated rise of special purpose acquisition companies (SPACs) in the US and Europe in 2020...
The fragile position of independent directors of banks
The improvement of corporate governance norms of banks has been on the agenda for many years. However, after egregious irregularities and misconduct at the highest levels were found at some well-known banks and non-banking...
Cryptocurrencies unchained?
Since the Supreme Court overturned India's ban on cryptocurrencies, trading volumes have increased exponentially and home-grown crypto startups have blossomed. But the government has yet to establish a regulatory regime, and reports of another...
Trust structures from an FDI perspective
Trust structures are increasingly gaining popularity for wealth and succession planning in India where most businesses are family driven. Increased global business opportunities have led business families, particularly the younger generations, to migrate and...
Risky share swaps useful to fund cross-border activity
As the Indian start-up ecosystem matures, there’s a growing trend among companies in cutting-edge industries to access new technologies, recruit the best talent and gain market share and advantage by buying global offshore businesses....
RBI bats for full interoperability for pre-paid instruments
The Reserve Bank of India (RBI) on 19 May 2021 issued a notification prescribing guidelines for mandatory interoperability for full KYC pre-paid payment instruments (PPIs). The notification is in line with the announcement by...
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Troubled MSMEs thrown a lifeline with pre-pack resolutions
The long-awaited Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, (ordinance) has amended the Insolvency and Bankruptcy Code, 2016 (code), with the aim of reviving micro, small and medium enterprises (MSME). The ordinance has inserted...
Panacea or problem?
SPACS have generated tremendous interest in India, but are these re-emerging investment tools really a practical alternative to IPOs and a panacea for reviving capital markets? And just how tightly should they be regulated?...
Refund of unutilised input tax credits now the norm
The Finance Act, 2021, amended section 16 of the Integrated Goods and Services Tax Act, 2017 (IGST act). This second article examines the amended section 16(3) and section 16(4) by way of which a...
RBI restricts investments in NBFC from FATF non-compliant countries
The Reserve Bank of India (RBI) issued a notification on 12 February 2021 further restricting investments in non-banking financial companies (NBFC) from jurisdictions, which are on the Financial Action Task Force’s (FATF) black list...
Regulations hinder SPACs in India
Special Purpose Acquisition Companies (SPACs) are considered controversial entities – also known as blank cheque companies – that offer private businesses a fast-track procedure to go public, bypassing the traditional IPO process. It’s an...
Second proviso to IBC not needed
Recently in Manish Kumar v Union of India, the Supreme Court upheld the constitutional validity of all the provisos added to section 7(1) of the Insolvency and Bankruptcy Code, 2016(IBC), via the Insolvency and...
Spiking the debt balloon
India plans to set up a so-called bad bank to deflate a post-pandemic rise in non-performing assets and help lenders clean their balance sheets. Will this be the panacea the country’s troubled banking sector...
Changes to directions on money markets are welcome
The Reserve Bank of India (RBI) introduced draft directions in December 2020 on call, notice and term money markets with “the objective of bringing consistency across products in terms of issuers, investors and other...
SBI managing director joins CAM as adviser
B Sriram has joined Cyril Amarchand Mangaldas (CAM) as a senior adviser in the financial institutions group of the firm.
He has more than 37 years of experience in all areas of banking and finance. Sriram...
Security by design in digital payment controls
In February 2021, the Reserve Bank of India (RBI) issued the RBI (Digital Payment Security Controls) Directions, 2021 (master directions). The trigger for these regulations was the exponential growth of digital payments and the...
FDI policy oversees trading on technology platforms
The buying and selling of goods and services on technology platforms has grown exponentially during covid-19. A technology platform connects buyers and sellers and facilitates commercial transactions between them. E-commerce platforms, under the FDI...
International A-List 2021
India Business Law Journal reveals the top 100 foreign lawyers for India-related matters
View the A-List
The arrival of covid-19 brought about a need for agility among international lawyers – to adapt to a reality...
Insurance in bloom
The foreign ownership cap for the sector is set to be raised to 74%, but prospective investors are waiting for details of yet-to-be announced 'safeguards' before they have a flutter. Freny Patel reports
The proposal...
Driver’s seat
The pre-pack insolvency resolution process allows corporate debtors to take the wheel and steer their way out of tricky situations, but its success will depend on how certain roadblocks are bypassed. Akaant KM reports
Unprecedented times...
Digital lending in India: Move towards regulation
On 15 January 2021, the Delhi High Court directed the government and the Reserve Bank of India (RBI) to respond to a writ petition filed by Dharanidhar Karimojji (petition) seeking the regulation of digital...