RBI’s P2P Regulations: A step forward or backward?

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The Reserve Bank of India issued a Master Directions – Non Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 (hereinafter referred to as “Directions”) on 4th October, 2017[1], which is an extensive statement outlining in detail the various rules and regulations that all existing and prospective entities carrying on or intending to carry on the business of Peer-to-Peer (P2P) lending (hereby known as NBFC-P2P) will have to comply with. These Directions shall come in force with immediate effect and shall apply to all NBFC-P2Ps, i.e. with effect from the date of issuance of the Master Directions, mentioned above. Read more →

Bitcoins in trouble?

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Vallari Dubey

finserv@vinodkothari.com

 

Bitcoin as a virtual currency has seen its ups and downs, and quite recently, a surge in the graph of the currency, tells us an interesting story. Amidst the growth of crypto-currency market worldwide, much has been said about plenty of risk that bitcoin brings with itself. Read more →

FAQs on Disqualification of Directors under Companies Act, 2013

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By Team Vinod Kothari & Company (corplaw@vinodkothari.com)

This version is dated October 3, 2017

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Continuing the crackdown on shell companies, MCA in its Press Release[1] issued on September 6, 2017, expressed that the government will soon take steps against the directors of the shell companies which have not filed returns for three or more years. Post this, the Registrar of Companies of the respective states started issuing the list of disqualified directors[2] u/s 164 (2) (a) of the Companies Act, 2013. Read more →

First Information Utility set up under IBC

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National E-Governance Services Ltd. receives final nod from IBBI Vallari Dubey resolution@vinodkothari.com   The Insolvency and Bankruptcy Board of India (“IBBI”) has granted the final approval to National e-Governance Services Ltd. (NeSL), allowing it to become the first information utility (“IU”) under the Insolvency and Bankruptcy Code, 2016 (“the Code”). Earlier in June, 2017, IBBI […]

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APPLICATION UNDER SARFAESI- A Liberal Approach by the Supreme Court

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By Richa Saraf, (legal@vinodkothari.com) Read more →

DECIPHERING “DISPUTE” IN INSOLVENCY AND BANKRUPTCY CODE

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By Richa Saraf, (legal@vinodkothari.com)

-Mobilox Innovations Pvt. Ltd. v. Kirusa Software Pvt. Ltd.[1]

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