Digital transactions and fintech have been the buzz words during the past few years. The Indian government, the regulators and the industry have trained their focus on adopting fintech and digital transactions.
The Securities and Exchange Board of India (SEBI) has recently passed an ad interim ex parte order impounding notional gains made and losses avoided by, amongst others, promoters of PC Jeweller Limited (Company) for having executed trades based on unpublished price sensitive information of the Company (UPSI).
Participation by International lenders and debt funds in the Indian market is tightly regulated by Reserve Bank of India's ("RBI") external commercial borrowing ("ECB") regime.
The Companies (Amendment) Act 2019 (Amendment Act) received presidential assent on July 31, 2019. The key change implemented in the amendment act is that the corporate social responsibility (CSR) spends are now mandatory in the case of eligible companies.
After being the first ever instance of procedural consolidation under the Insolvency and Bankruptcy Code, 2016 (IBC), the corporate insolvency resolution process (CIRP) for the Videocon group has yet again witnessed a landmark order on 8 August 2019, when the Mumbai bench of the National Company Law Tribunal
While the move to allow 100 percent FDI in insurance intermediaries is a welcome move, the requirements under the Intermediaries Regulations and Dividend Guidelines for FIIs are likely to be viewed as onerous by foreign investors.
Climate Change is for real - at least by now we all seem reasonably convinced it is. With rising global temperatures and the frequency of natural disasters, there is a growing need to address climate change through effective revision and mitigation measures.
The Supreme Court, in its much awaited judgment, has upheld the status of home buyers as financial creditors under the Insolvency and Bankruptcy Code 2016.
The key highlights of the legislation and its potential impact have been attempted to be catalogued.
Following through on India's commitment to align its regulatory framework with the recommendations of the Financial Action Task Force, to check the misuse of multi-layered corporate entities for money laundering and other illegal activities, the Ministry of Corporate Affairs (MCA), vide the Companies (Amendment) Act, 2017 (Amendment Act), amended the Companies Act, 2013 (Act) with an intent to strengthen beneficial ownership disclosures.
