Category: Financial

Corporate, Financial

Revamped FDI Policy In E-Commerce: A Threat To Amazon & Flipkart?

Background The trade unions of India have always been worried about the unfair market practices of the E-commerce entities such as heavy discounting and massive cashback offered in online marketplaces. Their woes only got aggravated after the anti-trust watchdog approved the merger between Walmart and Flipkart. In response to the same, the Department of Industrial Policy and Promotion issued Press Note 2 which has laid … Continue reading Revamped FDI Policy In E-Commerce: A Threat To Amazon & Flipkart?

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Corporate, Financial

Insolvency and Bankruptcy Proceedings Vis-a-Vis Financial Service Providers

Introduction Excepting the spate of neoteric amendments to the Insolvency and Bankruptcy Code, 2016 (IBC), the central government on 15th November, 2019 notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (Rules).[i] The Rules subject the Financial Service Providers (FSP) to the process of Corporate Insolvency Resolution (CIRP) under the IBC. Intrinsically, FSP includes … Continue reading Insolvency and Bankruptcy Proceedings Vis-a-Vis Financial Service Providers

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Corporate, Financial

Understanding India’s New Regime for Insolvency of Financial Service Providers

Introduction: On 15th November’19, the Ministry of Corporate Affairs notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 (hereinafter the Rules). Section 3 (17) of the Insolvency and Bankruptcy Code (the Code) defines FSP as, “person engaged in the business of providing financial services in terms of authorization issued or registration granted by a … Continue reading Understanding India’s New Regime for Insolvency of Financial Service Providers

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