RBI

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A New Dawn in Banking Transparency: RBI’s Revised Directions on Fraud

/ RBI, Banking Law, Blog, Featured Posts /

Introduction In a landmark move, the Reserve Bank of India (“RBI”) has issued a revised set of directions aimed at bolstering the transparency and accountability of commercial banks in declaring borrower accounts as “fraud.” This initiative addresses the growing number of legal challenges against banks’ declarations of fraud and the widespread dissatisfaction among borrowers and […]

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BNPL in India: A Convenient Solution with a Dark Side

/ BNPL, Blog, Featured Posts, Fintech, RBI /

In this post, the author addresses the exponential growth of India’s fintech sector, particularly highlighting the rise of Buy Now Pay Later (BNPL) services driven by a lack of specific regulatory frameworks. They elucidate how while some companies offering BNPL are under NBFC regulations, there’s a need for tailored guidelines to oversee and protect consumers engaging in BNPL transactions. The article further discusses the burgeoning concerns in India’s BNPL market, advocating for a more encompassing regulatory approach to mitigate issues like transparency, fraud, and data protection, aiming to bolster consumer confidence and legitimacy in these services.

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FC-TRS Form: Does It Need To Be Filed Even On Transfer Of Only Registered Ownership?

/ Company Law, Corporate Governance, Featured Posts /

In this post, the authors aim to answer the question as to whether a FC-TRS form needs to be filed where a Non Resident Indian (NRI) transfers ‘registered’ ownership of certain shares to a resident Indian, without transferring ‘beneficial’ ownership of those shares.

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Taxation Cryptocurrency Bitcoin GST

Taxation of Cryptocurrency Under the GST Regime (Part III)

/ Cryptocurrency Law, Blog, Featured Posts, Taxation Law /

In Part III, which is the final part, the author has tried to categorize bitcoins into the pre-existing categories of money, service, and consideration. Further, while concluding this three-part blog, the author suggests how the legislature can clear the legal ambiguity surrounding bitcoins.

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Taxation Cryptocurrency Bitcoin GST

Taxation of Cryptocurrency Under the GST Regime (Part I)

/ Cryptocurrency Law, Blog, Featured Posts, Taxation Law /

In this three-part blog , the author analyses whether cryptocurrencies can be taxed under the GST regime in India.
In Part I, the author explains the nuances of Blockchain, Cryptocurrency, and Bitcoins and further analyses the approach of Indian Regulatory bodies with respect to these virtual currencies.

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