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Reserve Bank of India is constituted under Section 3 of the Reserve Bank of India Act, 1934 ("RBI Act").

Numerous instances arise where a company becomes a victim to various types of crimes conducted by third parties and even the employees. Companies become a tool for such individuals to extract money and engage in various illegal activities.

Making profit in a business may also become part of a criminal investigation. But how does ordinary company income get categorised as “proceeds of crime”? Gameskraft Technologies, an Indian online gaming company behind the game, rummy, platforms such as RummyCulture, is at the centre of a notable money-laundering case in India.

As a natural corollary of the above discussion, it appears that it would be proper to require that the liability be imputable on the actual debtor Company.

The Court also held that the satisfaction of the President of India under Article 123 and of the Governor under Article 213 while issuing an Ordinance is not immune from judicial review.

In the intricate tapestry of legal frameworks, the Explanation appended to a statutory provision assumes a role of paramount importance. Its function is not to rewrite the law but to illuminate...

The Supreme Court of India has once again reaffirmed the settlement-oriented philosophy underlying cheque dishonour litigation by holding that an offence under Section 138...

In a regime to wash off black money from the Country, the Indian Government took another laudable leap by initiating the Benami Transactions Bill, 2015...

The Authority for Advanced Ruling (AAR) has recently held that there should be no liability to pay service tax on the salary and allowances payable by expatriates in terms of the dual employment agreement.

Fight against corruption has been a priority for the Government for past few years. Many steps have been taken to fight against it, at all possible levels, whether it relates to Government Officials..

The Securities and Exchange Board of India finally notified the SEBI (Prohibition of Insider Trading Regulations) 2015 on January 15, 2015 replacing the two-decade old insider trading norms in India.

Our Anti-Corruption Practice Group is pleased to present the above publication which can be accessed by clicking on the thumbnail.

Fighting corruption in India has entered a new phase. In recent times, newspapers are filled with reports and analyses of alleged acts of bribery common in India.

This article presents the pressing need for corporates to establish an anti-bribery/anti-corruption policy in today's global business environment.

In March, 2018, the Union Cabinet approved the introduction of the Banning of Unregulated Deposit Schemes Bill, 2018 (the "Bill") and on 18 June, 2018, the Bill was tabled before the Lok Sabha.

In the context of right of creditors and right of borrower, the Supreme Court balances interest of parties under the RBI guidelines for declaration of account as fraud by Banks/Financial Institutions (FIs)...

In fact it is in anticipation of prosecution that attachment proceedings are initiated.

The Insolvency and Bankruptcy Code, 2016 (IBC) provides the adjudicating authorities with various powers to facilitate an effective and expeditious corporate insolvency resolution process (CIRP).