RBI Guidelines for Payment Aggregators

The Reserve Bank of India (RBI) on 17th March 2020, introduced new guidelines on the regulation of and Gateways. This determines that from now on payment gateways such as Paytm, Mobikwik, PayPal, and ...

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What is Money Laundering?

The chief purpose of the Prevention Of Money Laundering Act, 2002 is to prevent money laundering and specify the provisions for confiscation of property derived from or involved in the action of money...

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Continuing Guarantee under Indian Contract Act, 1872

The agreements or Contracts between various parties are framed and validated by the Indian Contract Act. Contract Act is one of the most central laws that oversees and regulates all the business where...

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THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999 (FEMA)

I. ADOPTION OF FOREIGN EXCHANGE MANAGEMENT ACT (FEMA) BY PARLIAMENT OF INDIA-THE MODUS OPERANDI Foreign Exchange Regulation Act, 1973 (FERA) was introduced with an object of having stringent control...

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Prescribed Electronic Modes for Acceptance of Payment for Business

In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy, CBDT has prescribed Debit Card powered by RuPay; Unified Payments I...

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Intermediary Liability in India

The Information Technology Act, 2002 defines the term intermediary under section 2(w) as follows- "(w) "Intermediary" with respect to any particular electronic message means any person who on behalf o...

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Workplace Leave Policy in India

Labour law is the area of law which signifies the relationship between a worker, trade union and government at large. It plays a major important role in protecting the rights of labour, their union, t...

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Ordinary and Special Resolution

Under Companies Act, 2013, the decisions that are taken by companies fall under the resolutions. A company is an artificial being, so its decision comes in the form of a resolution only. Any such reso...

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How to Register a Company under the Companies Act

Every company, whatever the size and turnover, needs to be registered as specified under the Company’s Act, 2013. There are different types of companies such as Private Limited Company, One Person C...

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