RBI releases draft guidelines to better regulate India’s shadow banks in the aftermath of the IL&Fs crisis
On May 24, 2019, the Reserve Bank of India (the “RBI”) released a draft liquidity risk management framework (the “Proposed Framework”), which is...
India’s Supreme Court allows registered trade unions to file application as operational creditors on behalf of members
In a recent ruling, the Supreme Court (the “SC”) resolved a long-standing dispute between JK Jute Mill Mazdoor Morcha (the “Union”) and Juggilal...
Amendments to India’s insider trading regulations come into effect
On December 31, 2018, the Securities and Exchange Board of India (the “SEBI”) introduced several changes to the SEBI (Prohibition of Insider Trading...
Delhi High Court steps in to strike down the arbitrary action of India’s telecom regulator TRAI
Background In September 2009, the Telecom Regulatory Authority of India (the “TRAI”) introduced mobile number portability services (“MNP Services”)...
Indian government promulgates AADHAR ordinance attempts to resolve privacy concerns
Introduction On March 26, 2016, the Indian government introduced the Aadhar (Targeted Delivery of Financial and Other Subsidies, Benefits and...
New reporting requirements under India’s company law
Recently, the Indian government has introduced several new reporting obligations under the Companies Act, 2013 (the “Act”) for Indian companies in...