BANKING

As a practical matter, a company can't be referred to the National Company Law Tribunal (NCLT) within weeks and months of a first default. The promoters should be given a fair chance to revive the company.

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BANKING

The move is aimed at aligning certain sections of the Banking Regulation Act with the norms stipulated by the banking regulator, Reserve Bank of India.

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Gift City's regulator wants more say in fund formation for business district

Since IFSC is treated as 'foreign territory' from exchange control perspectives, capital infusion for setting up a fund in the IFSC is considered as 'outbound investment' for floating an offshore financial services subsidiary

source https://economictimes.indiatimes.com/industry/banking/finance/gift-citys-regulator-wants-more-say-in-fund-formation-for-business-district/articleshow/88040385.cms

India's new crypto law set to red-flag chit fund, MLM business models

Regulators including the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) have raised concerns before a parliamentary panel about how some individual investors are collecting money in small towns - with business models resembling those of chit funds - for investing in crypto assets.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/indias-new-crypto-law-set-to-red-flag-chit-fund-mlm-business-models/articleshow/88040313.cms

BANKING

Since IFSC is treated as 'foreign territory' from exchange control perspectives, capital infusion for setting up a fund in the IFSC is considered as 'outbound investment' for floating an offshore financial services subsidiary

from Banking/Finance-Industry-Economic Times https://ift.tt/31lIm2Y
via IFTTT

BANKING

Regulators including the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) have raised concerns before a parliamentary panel about how some individual investors are collecting money in small towns - with business models resembling those of chit funds - for investing in crypto assets.

from Banking/Finance-Industry-Economic Times https://ift.tt/3xHHnGF
via IFTTT

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EXCLUSIVE: Waukesha parade suspect breaks silence in jailhouse interview

12/01/21 1:33 PM