New Consumer Protection Act – Is Customer the King?

New Consumer Protection Act – Is Customer the King?

Customer is King’ goes the saying but in reality, is it so? Hardly, I’d think. Virtually every product’s market is flooded with numerous offerings launched by multiple companies. Supposedly, the consumer has a wide variety of options to purchase a specific product of...
Indian government in FDI reforms overdrive mode

Indian government in FDI reforms overdrive mode

Amidst signs of Indian economy losing pace, job losses and other worrisome indicators, the Indian government has announced multiple measures to boost the foreign direct investment flow (FDI) in the country yesterday. One of the most significant sectors impacted by...
Banning of Unregulated Deposit Schemes

Banning of Unregulated Deposit Schemes

Deposit schemes are one of the easiest modes to generate money for the fraudsters. Usually, the middle / poor strata of Indian society is an easy target for the fraudsters organizing deposit schemes. As a common phenomenon, fraudsters initiate a deposit scheme with...
Big Bang Banking Reforms

Big Bang Banking Reforms

Big Bang Banking Reforms: Consolidation of Indian Public Sector Banks With an aim to strive towards a USD 5 trillion economy and cleaning up the banking sector notoriously saddled with NPAs, the Government of India has prescribed the consolidation pill yet again....

Streamlining the FDI reporting process

The Reserve Bank of India (RBI) has introduced two new forms with the objective of simplifying and reducing the procedure related to reporting of foreign investment in Indian entities under the Foreign Exchange and Management Act, 1999 (FEMA). These two forms (Entity...

SEBI overhauls IPO norms, other regulations

The norms related to initial public offering (IPO) along with the existing regulatory mechanism related to stock exchanges and depositories is being overhauled by the Securities and Exchange Board of India (SEBI). As per the signals received from SEBI, significant...