SARFAESI AND NBFC
The primary objective of enacting the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (or the SARFAESI... Read More
PMC Bank Fraud: Should RBI be Held Responsible?
Abhay S.Nevagi Advocate, Managing Partner – Abhay Nevagi and Associates ABSTRACT On 24th September, 2019, the Reserve Bank of India imposed strict... Read More
ZERO LIABILITY FOR CUSTOMER IN CASE OF UNAUTHORIZED TRANSACTION
RBI CIRCULAR DATED 6TH OF JULY 2017 RBI introduced a circular on 06/07/2017 which primarily dealt with the Role of Banking Institutions... Read More
THE IDEA OF PROLETERIAT LAUNDERING
THE FLEE TO FREEDOM ‘Stealing’ as a phenomenon has been traditionally attributed to the bourgeois in India. There have been several depictions... Read More
NOTE ON THE BANKING REGULATION (AMENDMENT) ACT, 2017
SYNOPSIS: This Act has been deemed to have come into force on the 4th of May 2017, through a notification in the... Read More
Can Sales Tax Dept attach & sell auction property for recovery of dues of seller?
A Company in the course of business obtained financial assistance from financial institutions and banks. For securing the debt, the said company... Read More
Deferred payment of consideration in share transfer transaction is now allowed
In a welcome move, as per Notification No.FEMA.368/2016-RB dated 20-May-2016 the Reserve Bank of India has now allowed payment of consideration in... Read More