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MSME’s and Insolvency Bankruptcy Code

MSMEs form the foundation of the Indian economy and are key providers of employment, production, economic growth, entrepreneurship, and financial inclusion. Micro, Small and Medium Enterprises (MSMEs)...

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Corporate Mergers - Legal Procedure

In general the term Mergers and acquisitions (M&A) is used to describe the consolidation of assets or companies through various types of financial transactions, involving acquisitions, mergers, consol...

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KYC Norms

KYC stands for ‘Know Your Client’ or ‘Know Your Customer’. KYC has been declared as a mandatory procedure for every financial institution or bank by the Reserve Bank Of India(RBI) and is a pro...

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Law of False Imprisonment

False imprisonment is restraining a person in a bounded area without consent or justification. False imprisonment is a common-law tort and misdemeanor. It applies to governmental as well as private de...

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DOCTRINE OF CAVEAT EMPTOR AND RELATED CASE LAWS

The maxim ‘Caveat Emptor’ means “buyer beware” or ‘’let the buyer beware’’. In other words, the buyer must take care of his own interest while purchasing the goods. The doctrine o...

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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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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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