Other Briefings
Demonetization in India: Masterstroke or Gross Miscalculation?
Last year, India’s federal government led by Prime Minister Narendra Modi announced the demonetization of high value currency. Here we take stock of the policy’s genesis and its major outcomes.
Bankruptcy Rescue Rules Tightened, RBI Mandates Unique Code for Large Borrowers – India Regulatory Brief
Insolvency board enforces stringent tests for reviving defaulting companies The Insolvency and Bankruptcy Board of India (IBBI) has amended its rules governing lenders who invest in bankrupt companies. Promoters or any party proposing a rescue plan for a sinking company will be subject to strict tests of creditworthiness and credibility. The rescue plan must provide […]
Aadhaar Linking in India – Now a Mandatory Requirement
Government has made it mandatory to link Aadhaar to all banking and financial identification and documents, to avail government services. This article lists the accounts and services that must be linked to the 12-digit Aadhaar number to avoid discontinuation of services.
Anti-Corruption Laws in India: Minimize Your Risk Exposure
The festive season in India involves the exchange of gifts; however, companies should note that certain exchanges may attract liability under various domestic and foreign anti-corruption statutes. This article highlights key compliance strategies for firms to minimize such risk exposure.
Cryptocurrency in India: Usage and Regulation
Bitcoin trading in India peaked to over US$3.5 million this September, albeit insignificant when compared to the U.S. trading volume. However, it is indicative of a growing appreciation of cryptocurrencies in India, and the country’s regulatory mechanisms are taking note.
Shutting Down India’s Shell Companies – Government Continues Anti-Corruption Drive
The federal government recently formed a team of top law enforcement officials to crackdown on shell companies. This article discusses the government’s latest moves in its anti-corruption drive.
FCRA Compliance in India: How 24,000 NGOs Lost Their License
In September this year, the Indian government cancelled licenses for 4,800 NGOs in India. Here we discuss the fall out of the stringent implementation of reporting and auditing rules for NGOs that receive foreign funding by the Modi administration.
India’s Bankruptcy Law Reinforced by Supreme Court Judgment
India’s Supreme Court recently delivered its first detailed judgment pertaining to the interpretation of the Insolvency and Bankruptcy Code, 2016 (Code). This article discusses the key takeaway – the Code will supersede all other insolvency related laws in existence in India.
