The Securities and Exchange Board of India has proposed amendments to the existing Informal Guidance Scheme, 2003. This scheme, originally introduced in June 2003 and amended in 2004 and 2023, allows registered entities to seek SEBI's guidance on specific transactions and interpretations of securities laws. SEBI has proposed expanding the list of entities eligible to seek informal guidance. SEBI has …
The Insolvency and Bankruptcy Code, 2016 came into force on 28th May 2016, with the objective to “consolidate and amend the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximisation of value of assets of such persons.” The Code also provides for the establishment of the Insolvency and …
MUMBAI : Even within the move-fast-and-break-things world of India’s fintech services industry, the penultimate weekend of October was particularly rocky. “We had to shut down our fledging digital gold business over the course of a weekend," said the chief executive of a Mumbai-based financial services platform. Entities regulated by the Reserve Bank of India and other unregulated firms can continue …
