0 comments on “Important Points under the Banning of Unregulated Deposit Schemes Ordinance, 2019”

Important Points under the Banning of Unregulated Deposit Schemes Ordinance, 2019

The laws defines that any person who makes deposit under this Ordinance called the depositor. All persons such any individual or group of individuals; proprietorship concern; partnership firm; LLP; company; AOP; trust; co-operative society and any other arrangement of whatsoever nature, receiving or soliciting deposits  called depositor taker except following: (i) a Corporation incorporated under an Act of Parliament or a State Legislature; (ii) a banking company, a corresponding new bank, the State Bank of India, a subsidiary bank, a regional rural bank, a co—operative bank or a multi- State co-operative bank as defined in the Banking Regulation Act, 1949.

0 comments on “Salient Features of Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018”

Salient Features of Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018

Cabinet approves New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018  In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given…

0 comments on “Relaxation of External Commercial Borrowing (ECB) framework for Resolution Applicants”

Relaxation of External Commercial Borrowing (ECB) framework for Resolution Applicants

The RBI amended the regime on external commercial borrowings (ECBs), and allowed RAs to borrow ECBs from recognised lenders (other than the branches or overseas subsidiaries of Indian banks) for repayment of rupee term loans of a corporate debtor under…

0 comments on “The IBBI amends the CIRP-The CIRP(Amendment) Regulations, 2019”

The IBBI amends the CIRP-The CIRP(Amendment) Regulations, 2019

The Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (See amended CIRP Regulation)  The Insolvency and Bankruptcy Code, 2016 provides for corporate insolvency resolution process for invitation,…

0 comments on “Arguments and the Apex Court’s ruling in the matter of Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors.(Writ Petition (Civil) No. 99 Of 2018 dated 25.01.2019) ”

Arguments and the Apex Court’s ruling in the matter of Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors.(Writ Petition (Civil) No. 99 Of 2018 dated 25.01.2019) 

Arguments and the Apex Court's Ruling in the matter of Swiss Ribbons Pvt. Ltd. & Anr. Vs. Union of India & Ors.(Writ Petition (Civil) No. 99 Of 2018 dated 25.01.2019) (Landmark judgment by Apex Court under Insolvency and Bankruptcy Code(IBC), 2016)…