Updates



Quick updates to help our readers stay up to date on various legal and regulatory developments. It is not intended to be an analysis on the subject, but merely a brief snapshot.

02nd Jan, 2020

Enforcement Notification for Amendment of SARFAESI Act

  • Finance,
  • Disputes & ADR

On December 26, 2019, the Ministry of Finance (Department of Financial Services) issued a notification appointing January 24, 2020 as the date on w...

10th Dec, 2019

RBI-Bar on acquiring financial assets by Asset Reconstruction Companies from sponsors and lenders

  • Finance

26th Nov, 2019

SEBI - Disclosure of default by listed entities

  • Corporate and M&A,
  • Finance

On November 21, 2019, the Securities and Exchange Board of India (“SEBI”) issued a circular on ‘Disclosures by listed entities of defaults on payme...

21st Nov, 2019

Cal HC-Single application under Sec 17 can be filed for challenging separate notices under Sec 13(4) of the SARFAESI Act, pertaining to different secured assets for a single debt

  • Finance,
  • Disputes & ADR

In the matter of Ramsay Exim and Technology Private Limited v. ICICI Bank Limited, the issue which came for consideration before the Calcutta High ...

13th Nov, 2019

RBI Circular: Withdrawal of exemptions granted to HFIs

  • Finance

23rd Oct, 2019

Repeal and substitution of FEMA R-20 and FEM (Acquisition and Transfer of Immovable Property in India) Regulations, 2018

  • Corporate and M&A,
  • Finance

18th Oct, 2019

Debt instruments under FEMA

  • Corporate and M&A,
  • Finance

On October 16, 2019, the Ministry of Finance issued a notification under sub-section (7) of section 6 of the Foreign Exchange Management Act, 1999,...

15th Oct, 2019

Notification on lending to Infrastructure Investment Trusts

  • Finance

On October 14, 2019, the Reserve Bank of India (“RBI”) issued a notification on lending by banks and All-India Financial Institutions to Infrastruc...

26th Sep, 2019

RBI - Payment Gateways and Payment Aggregators

  • Finance

The Reserve Bank of India in its notification dates September 17, 2019 placed on its website the Discussion Paper on Guidelines for Payment Gateway...

03rd Jul, 2019

RBI Circular | Acquisition of financial assets by an ARC from another ARC

  • Finance

On June 28, 2019, the Reserve Bank of India (“RBI”) issued a circular on ‘Permission to acquire financial asset from other Asset Reconstruction Com...

26th Jun, 2019

RBI Notification | Rollout of the foreign exchange trading platform for retail participants - FX Retail

  • Finance

The Reserve Bank of India, vide a notification dated June 20, 2019 (“Notification”), has issued directions in relations to ‘Rollout of the foreign ...

31st May, 2019

RBI Notification | Amendments to Master Directions on KYC

  • Finance



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