ArticleCOVID19: Fund Manager's Task ListFund managers may consider updating the investors on the anticipated impact of the outbreak on the fund's portfolio. IndiaFinance and BankingKhaitan & Co.
ArticleDecoding RBI's FAQs On Reset Of Floating Interest Rate On EMI Based Personal LoansAs part of its broader, long-standing effort to ensure fairness and borrower protection in India's credit ecosystem, on 10 January 2025, the Reserve Bank of India released responses to frequently asked questions pertaining to the RBI circular ...IndiaFinance and BankingKhaitan & Co.
ArticleRBI Extending The Restriction On Storage Of Actual Card Data (Card-On-File) To Facilitate ComplianceAt 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...IndiaFinance and BankingKhaitan & Co.
ArticleRising Trends In NBFC SectorNon-banking financial companies ("NBFC") have undergone significant transformation over the past few years. Liberalisation of the legal regime, increasing digitisation and rising financial inclusion have given a boost to innovation, growth and investment in the financial sector. IndiaFinance and BankingKhaitan & Co.
ArticleSEBI Permits Encumbrance Over Locked-In REIT Unit – A Boon!Unfortunate experiences from the past decades has compelled the Securities and Exchange Board of India (SEBI) to adopt the "foot in the game" approach while regulating the Indian capital markets. IndiaFinance and BankingKhaitan & Co.
ArticleAmnesty Scheme To The Rescue Of Stalled SRA Projects In MaharashtraIn a bid to breathe life back into the stalled Slum Rehabilitation projects (SRA Projects) in the state of Maharashtra, the state government recently passed a resolution to frame a policy...IndiaGovernment, Public SectorKhaitan & Co.
ArticleDemonetisation Gives Rise To Another Opportunity To Come Clean!!!India's Government and financial machinery has been in overdrive since the evening of 8 November 2016. IndiaGovernment, Public SectorKhaitan & Co.
ArticleEasing Of Norms For Long Term Foreign Portfolio Investors (FPIS) - Voluntary Retention Route Now AvailableThe RBI, in its Statement on Developmental and Regulatory Policies dated 5 October 2018 recognised that while several measures had been undertaken in the recent past to facilitate foreign portfolio investment ...IndiaGovernment, Public SectorKhaitan & Co.
ArticleErring NGOs Granted One Time Exemption To File Annual Returns Under FCRAThe Foreign Contribution (Regulation) Act, 2010 (Act), and the Foreign Contribution (Regulation) Rules, 2011 (Regulations) were enacted in place of the erstwhile Foreign Contribution (Regulation)...IndiaGovernment, Public SectorKhaitan & Co.
ArticleGujarat S&E Rules 2020: Government Closes The Loop After Enactment Of The New FrameworkIt has been more than a year since the government of Gujarat brought into effect the new Gujarat Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2019...IndiaGovernment, Public SectorKhaitan & Co.
ArticleUpdate On The Rupee "Masala" Bonds Regime – Alignment With The Foreign Investment In Corporate Bond RegimeThe issuance of rupee denominated bonds overseas (Masala Bonds) was permitted by RBI's circular dated 29 September 2015 read with the relevant provisions of the Master Direction dated 1 January 2016 on External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers.IndiaGovernment, Public SectorKhaitan & Co.
ArticleEnhanced Focus On Disclosure Of Tax Losses In The Information Memorandum (IM)The Insolvency and Bankruptcy Code, 2016 was introduced to facilitate and streamline the process for revival of business and maximizing asset value by providing a framework for either the resolution of financial stress of the corporate debtor, ...IndiaInsolvency/Bankruptcy/Re-StructuringKhaitan & Co.
ArticleIBBI's Proposal For Enhancing Resolution FrameworkAs the Insolvency and Bankruptcy Code, 2016 (Code) is on the brink of hitting a decade in operation, we are now seeing the focus of the Insolvency and Bankruptcy Board of India...IndiaInsolvency/Bankruptcy/Re-StructuringKhaitan & Co.
ArticleIntroduction Of Guidelines For The Committee Of Creditors – A Step In The Right DirectionThe Insolvency and Bankruptcy Code, 2016 (Code) is an ever-evolving legislation aligned with the economic needs of the country.IndiaInsolvency/Bankruptcy/Re-StructuringKhaitan & Co.
ArticleThe Essar Steel Saga: Supreme Court Brings Much Needed Clarity To IBCOn 15 November 2019, a three judge bench of the Supreme Court delivered its judgment in the much-anticipated matter of Committee of Creditors of Essar Steel India Limited v. Satish Kumar Gupta and Ors., Civil Appeal No. 8766-67 of 2019. IndiaInsolvency/Bankruptcy/Re-StructuringKhaitan & Co.
ArticleHow Transactional Liability Insurance Is Facilitating Dealmaking By Private Equity?With record high private equity deal activity in 2021, several deal trends have emerged – warranty and indemnity insurance being one such trend in private equity driven M&A deals. IndiaInsuranceKhaitan & Co.
ArticleIRDA Clarifies Implementation Of Compulsory Personal Accident (CPA) Insurance For Owner DriversIRDAI has issued a circular ref. IRDAI/NL/CIR//MOTP/170/10/2018 dated 9 October 2018 (Revised Circular) providing certain clarifications regarding the implementation of Compulsory Personal Accident insurance for owner drivers.IndiaInsuranceKhaitan & Co.
ArticleBombay High Court Clears Aberration, Holds Copyright Registration Non-mandatoryIn the matter of Sanjay Soya Private Limited v Narayani Trading Company, IA(L) 5011/2020 in COMIP(L) 2/2020 (Suit), Justice G S Patel, the Learned Single Judge of the Bombay High Court (Court)...IndiaIntellectual PropertyKhaitan & Co.
ArticleBombay High Court Snubs Fair Dealing And De Minimis Defences In Case Of Use Of Same Work By The Past LicenseeIn Shemaroo Entertainment Limited v. News Nation Network Private Limited IA(L) 21705/2021 in COMIP(L) 434/2021 (Suit), the Bombay High Court (Court) in a judgment...IndiaIntellectual PropertyKhaitan & Co.
ArticleDelhi High Court Shuns Reliefs In Patent Disputes Outside The Patents Act, Admonishes Clever Drafting Of PlaintsThe Court also admonished the Defendant for its conduct in seeking reliefs outside the Patents Act 1970 (Patents Act) by resorting to clever drafting.IndiaIntellectual PropertyKhaitan & Co.