by Majmudar & Partners | Jun 4, 2019 | Insolvency and Restructuring
On May 24, 2019, the Reserve Bank of India (the “RBI”) released a draft liquidity risk management framework (the “Proposed Framework”), which is proposed to be made applicable to all non-deposit taking non-banking financial companies (“NBFCs”) with a minimum asset...
by Majmudar & Partners | May 20, 2019 | Insolvency and Restructuring
In a recent ruling, the Supreme Court (the “SC”) resolved a long-standing dispute between JK Jute Mill Mazdoor Morcha (the “Union”) and Juggilal Kamlapat Jute Mills Company Limited (the “Debtor”) by allowing registered trade unions to initiate insolvency proceedings...
by Majmudar & Partners | Apr 29, 2019 | Securities Law
On December 31, 2018, the Securities and Exchange Board of India (the “SEBI”) introduced several changes to the SEBI (Prohibition of Insider Trading Regulations), 2015 (the “Regulations”), which became effective on April 1, 2019. They were introduced pursuant to the...
by Majmudar & Partners | Apr 23, 2019 | Disputes and Arbitration, Technology, Telecommunication and Media
Background In September 2009, the Telecom Regulatory Authority of India (the “TRAI”) introduced mobile number portability services (“MNP Services”) in India by issuing the Telecommunication Mobile Number Portability Regulations, 2009 (the “MNP Regulations”). MNP...
by Majmudar & Partners | Mar 25, 2019 | Policy & Governance Updates
Introduction On March 26, 2016, the Indian government introduced the Aadhar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (the “Act”). The Act’s objective was, inter alia, to provide good governance, and an efficient and...
