Read this week in our update, 225 circulars were withdrawn by RBI as recommended by Regulations Review Authority. RBI revised the policy...

Read this week in our update, Compensation guidelines for KMPs and senior management in NBFCs issued by RBI. RBI issued master direction...

Read this week in our update, Read this week in our update, guidelines for establishing Digital Banking Units issued by RBI. RBI released...

1. BACKGROUND 1.1. On April 14, 2022, Reserve Bank of India (“RBI”) has issued – Guidelines on Establishment of Digital Banking Units...

1. Background 1.1. On March 31, 2022, the Ministry of Corporate Affairs (MCA) issued a notification Ref. F. No.1/19/2013-CL-V-Part III....

FincFriends, a NBFC registered with the Reserve Bank of India was assisted by AK & Partners in getting the bank accounts of FincFriends...

Hon'ble High Court of Mumbai has directed defreezing of the accounts of OnionPay, an upcoming payment aggregator assisted by AK &...

To boost foreign investor confidence in setting up business in Gujarat International Finance Tec-City IFSC (GIFT-IFSC), Shrimati Nirmala...

The proposed establishment of International Arbitration Centre (IAC) at Gujarat International Finance Tec-City IFSC (GIFT-IFSC) according...

Read this week in our update, consolidated guidelines on bank finance to NBFCs issued by RBI. RBI amended prudential guidelines with...