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...

Read in this week's update, a framework for geo-tagging of payment system touch points is released by RBI. RBI assigns lead bank...

Read in this week's update, a regulatory framework for microfinance loans issued by RBI. RBI amends Payment and Settlement Systems...

Authored by Kritika Krishnamurthy, Partner & Anushree Jugade, Senior Associate It is a widely acknowledged fact that trading in...

Read in this week's update, Paytm Payments Banks Ltd. was banned from onboarding new customers by RBI. RBI press release notifies the...