Updates



Quick updates to help our readers stay up to date on various legal and regulatory developments. It is not intended to be an analysis on the subject, but merely a brief snapshot.

03rd Jul, 2019

RBI Circular | Acquisition of financial assets by an ARC from another ARC

  • Finance

On June 28, 2019, the Reserve Bank of India (“RBI”) issued a circular on ‘Permission to acquire financial asset from other Asset Reconstruction Com...

26th Jun, 2019

RBI Notification | Rollout of the foreign exchange trading platform for retail participants - FX Retail

  • Finance

The Reserve Bank of India, vide a notification dated June 20, 2019 (“Notification”), has issued directions in relations to ‘Rollout of the foreign ...

14th Jun, 2019

Bharat Heavy Electricals Ltd. v Mahendra Prasad Jakhmola (Civil Appeal Nos. 1799-1800 of 2019)

  • Disputes

On February 20, 2019, the Supreme Court of India passed an order in the case of Bharat Heavy Electricals Ltd. v Mahendra Prasad Jakhmola (Civil App...

31st May, 2019

RBI Notification | Amendments to Master Directions on KYC

  • Finance

31st May, 2019

RBI - Extension of relaxation on the guidelines to NBFCs on securitisation transactions

  • Finance

30th May, 2019

Sun Pharmaceuticals Industries Ltd. & Anr. v. State Bank of India & Ors.

  • Finance,
  • Disputes

On May 17, 2019, the Calcutta High Court (“Court”) passed an order in the case of Sun Pharmaceuticals Industries Ltd. & Anr. v. State Bank of India...

29th May, 2019

SEBI Circular - Enhanced disclosure in case of listed debt securities

  • Corporate and M&A,
  • Finance

28th May, 2019

RBI | Draft Circular on Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies

  • Finance

The Reserve Bank of India (“RBI”), on May 24, 2019, has released a draft circular pertaining to ‘Liquidity Risk Management Framework for Non-Bankin...

22nd May, 2019

SEBI (LODR) (Second Amendment) Regulations, 2019

  • Corporate and M&A

The Securities and Exchange Board of India (“SEBI”) vide a notification dated May 7, 2019, issued the SEBI (Listing Obligations and Disclosure Requ...

22nd May, 2019

Informal Guidance pertaining to Venture Capital Funds

  • Corporate and M&A,
  • Private Equity & Venture Capital

The Securities and Exchange Board of India (“SEBI”) has issued an informal guidance on January 28, 2019 to JM Financial Limited (“JMFL”), under the...

21st May, 2019

Companies (Appointment and Qualification of Directors) 2nd Amendment Rules, 2019

  • Corporate and M&A

By a notification dated May 16, 2019, the Ministry of Corporate Affairs has notified the Companies (Appointment and Qualification of Directors) 2nd...

17th May, 2019

Appointment of Chief Risk Officer by NBFCs

  • Finance

On May 16, 2019, the Reserve Bank of India (“RBI”) issued a notification titled ‘Risk Management System – Appointment of Chief Risk Officer (CRO) f...



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