#Columns: Linking the UAN to the Aadhar

Bar and Bench

Harini Subramani & Adil Ladha In September this year, VP Joy, the Central PF Commissioner spoke about ongoing attempts to link the Aadhaar with the Universal Account Numbers (UAN) of all employees covered under the Employees’ Provident Funds and Miscellaneous Provisions Act of 1952 in order to facilitate “faster transactions” for the benefit of employees. He […]

Rights of Secured Creditors under SARFAESI – How protected are the rights?

Nikita Chawla  and Sameer Bindra One of the biggest issues that continues to stress the banking sector as of date is the mounting number of non performing assets. The federal legislation enacted in 2002, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (“SARFAESI Act”) has been in force for […]

A step closer to solving the insolvency

The Insolvency and Bankruptcy Code, 2016 (the “Insolvency Code, 2016”) had received the assent of the President of India on May 28, 2016. Since then, there have been discussions among the stakeholders with respect to its implementation and its repercussions on the interested parties, including corporates and individuals. There have been certain material developments around […]

Effort continues against stress in banking system

As part of its ongoing putsch against stress in the banking system, the Reserve Bank of India (RBI) issued guidelines on sale of stressed assets by banks on 1 September. The guidelines continue the RBI’s various efforts since 2014 to put in place a regulatory framework to identify and tackle stress in the banking system […]

SEBI eases rules for Angel Funds

The Securities and Exchange Board of India, in its board meeting held on 23/11/2016, introduced amendments to the SEBI (Alternative Investment Funds) Regulations, 2012, thus ushering in a more liberalised and progressive era for fund-raising in start-ups as also enhancing the scope of investment of foreign investors in unlisted debt securities. In order to further […]

Towards a more speedy Dispute Resolution mechanism

Enforcement of contracts through an effective and speedy dispute resolution mechanism plays a significant role in determining the ease of doing business in any country. The time, cost and quality of the judicial process are primary parameters for categorizing a dispute resolution mechanism as effective. As per the latest World Bank’s report on ‘Doing Business’ […]

Recent measures a fillip for nascent bond market

With ever increasing levels of non-perform- ing assets (NPAs) in the banking system, the Reserve Bank of India (RBI) has been seeking ways to reduce the burden of providing credit on banks. In particular, the RBI has emphasized shifting long-term credit requirements such as project loans, and credit to borrowers with a large exposure to […]

Mutual Fund Distributors – A Scenario Change!

The recently issued consultation paper by the Securities and Exchange Board of India (“SEBI”) on the ‘Amendments / Clarifications to the SEBI (Investment Advisers) Regulations, 2013’ (“Consultation Paper”) reveals that the securities market regulator has its eyes and ears set in any and all directions that it can connect to and which can affect its […]

Gujarat International Finance Tec-City | Some Basics

An International Financial Service Centre (“IFSC”) essentially caters to customers outside the jurisdiction of the host domestic economy, dealing with flows of financial products and services to and from the host economy with foreign entities. It is considered preferable to set up IFSCs in SEZs in India since the compliance requirements in SEZs are comparatively […]