Bringing you the Best Analytical Legal News
“Personal hearing cannot be demanded as a matter of right, unless specifically mandated by statute or rules. The principles of natural justice cannot be applied in a straitjacket formula; their application depends on the facts and circumstances of each case”
RBI’s auction of State Government Securities presented a strong investment opportunity, with eleven states raising ₹25,000 crore to support long-term development, infrastructure, and fiscal needs.
RBI has imposed a ₹21 lakh penalty on PhonePe for failing to comply with PPI guidelines, citing escrow account shortfalls and reporting lapses during its October 2023—December 2024 inspection.
MCA expand fast-track merger eligibility and introduce new compliance forms and procedures for smoother regulatory approvals under Companies Act 2013.
RBI Co-Lending Arrangements Directions 2025 establish a unified framework for joint lending by banks and NBFCs to improve transparency risk sharing and borrower protection.
Directions to safeguard the capital of regulated entities by restricting investments in Alternative Investment Funds that have exposure to borrowers in default.
Project Finance re-defined under RBI’s new Directions.
Repo Rate slashed to 5.50 % as RBI reinforces Economic Growth Policies.
The central dispute involved RBI’s cancellation of Shabros Finvest Pvt. Ltd.’s NBFC registration for allegedly failing to meet the prescribed Net Owned Fund (NOF) requirement.
RBI notifies digital lending rules to establish transparency, protect borrowers, and regulate multi-lender partnerships.
This relaxation will help in complying with short- term investment limit and concentration limit.
It will help in innovation and constructive engagement of FinTech.
Banks cannot pay Offer prize/ lottery/ free tips any other initiative having element of chance for mobilizing deposits.
The Income Tax Department stated that it did not intend to seize the bank notes pursuant to which the police authorities returned the same to the petitioners on 14-1-2017.
In case of violation, RBI can disallow the violator from dealing in bond forwards for a period of 1 month at a time.
A quick legal roundup to cover important stories from all High Courts this week.
It is an elementary principle that when a public authority is vested with specific powers, it is duty bound to act accordingly. Therefore, any failure to exercise statutory powers gives rise to a cause of action to secure performance of such duty by way of issuance of writ of mandamus under Article 226.
Borrowers with dues of more than Rs. 1 crore can settle their amount only after IACs evaluation.
The 25th Governor of the Reserve Bank of India, Shaktikanta Das, served at the post for 6 years.