Concept of Interested Director
Introduction The directors of the company are its agents and they stand in fiduciary relationship with the company and must act bona fide, therefore Companies Act 2013 laid down extensive…
Infringement of Trademark
Trademark infringement in India is defined under Section 29 of the Trademarks Act, 1999. To put it in a similar way it is a situation when an unauthorized person uses a…
Can Private Company Give Loan or Guarantee for Directors Bank Loan?
Section 185- Loan To Directors, Etc. As per Section 185(1) a company cannot advance any loan, including any loan represented by a book debt to, or give any guarantee or provide any security in…
Reserve Bank constitutes an Internal Working Group to review extant ownership guidelines and corporate structure for Indian private sector banks
Dated: 12th June 2020 RBI has constituted an Internal Working Group (IWG) to review the extant guidelines on ownership and corporate structure for Indian private sector banks. As the macroeconomic,…
RBI Update: Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) – Karnala Nagari Sahakari Bank Ltd., Panvel, Raigad (Maharashtra)
It is hereby notified for information of the public that in the exercise of powers vested in it under subsection (1) of Section 35 A of the Banking Regulation Act,…
RBI Press Release: Publishes the Oversight Framework for Financial Market Infrastructures and Retail Payment Systems
The Reserve Bank has today placed on its website the Oversight Framework for Financial Market Infrastructures (FMIs) and Retail Payment Systems (RPSs). The Committee on Payments and Market Infrastructures (CPMI) (earlier…
MSME reforms in India: An overview
The MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last few decades. There are close to 1.33 crore MSMEs registered in…