Living with the times

At NovoJuris Legal, we believe sharing is caring and strive to share our research outputs relevant to the enterprises, founders, lawyers and knowledge professionals.

  • Enhancing Consumer Protection and Regulation: The Recent Amendments to the Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022

    Enhancing Consumer Protection and Regulation: The Recent Amendments to the Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022

    This article was First Published on Bar and Bench on 27th March 2024. The Reserve Bank of India (“RBI”) has recently issued an amendment to the Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022

    NovoJuris
    By NovoJuris about 3 hours ago
  • KYC Quagmire: The FinTech Conundrum

    KYC Quagmire: The FinTech Conundrum

    The Reserve Bank of India (“RBI”), on 31st January 2024 directed Paytm Payments Bank Limited to halt all business transactions, latest by 15th March 2024. The recent “debacle”, as many may call it, has shed light on various issues that

    NovoJuris
    By NovoJuris 1 minute ago
  • Framework for Self-Regulatory Organisation (s) in the FinTech Sector

    Framework for Self-Regulatory Organisation (s) in the FinTech Sector

    The Reserve Bank of India (“RBI”) vide its press release dated 15th January 2024, announced the release of the Draft Framework for Self-Regulatory Organisation (s) in the FinTech Sector (“Draft Framework”). The Draft Framework is open for public and stakeholder

    NovoJuris
    By NovoJuris 14 minutes ago
  • SEBI Seeks To Regulate Fractional Ownership Platforms

    SEBI Seeks To Regulate Fractional Ownership Platforms

    Through its recent consultation paper titled “Regulatory Framework for Micro, Small and Medium REITs (MSM REITs)” dated 12 May, 2023 (“Consultation Paper”), the Securities and Exchange Board of India (“SEBI”) proposes the regulation of all platforms that offer fractional ownership

    NovoJuris
    By NovoJuris 6 months ago
  • Government all set to introduce Crypto Bill in the Parliament that will ban private cryptocurrency and enable RBI to issue official digital currency for the country

    Government all set to introduce Crypto Bill in the Parliament that will ban private cryptocurrency and enable RBI to issue official digital currency for the country

    The Lok Sabha, through its Bulletin dated 23 November 2021, has listed ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ among 26 other items of legislation that will taken up for consideration in the parliament, in its winter

    NovoJuris
    By NovoJuris almost 2 years ago
  • RBI Guidelines on E-mandates for recurring transaction

    RBI Guidelines on E-mandates for recurring transaction

    In August 2019, the RBI had issued a framework for processing of e-mandates on recurring online transactions. Initially applicable to cards and wallets, the framework was extended in January 2020 to cover UPI transactions as well. Effective 1st October, 2021,

  • Compounding of Contraventions under the Foreign Exchange Management Act,1999

    Compounding of Contraventions under the Foreign Exchange Management Act,1999

    Introduction Contravention is a breach or non-compliance of the provisions of Foreign Exchange Management Act (“Act”), 1999, and the rules, regulations, notifications, orders or circulars or directions made thereunder. The Reserve Bank of India (“RBI”) has been empowered by the

    Sharda Balaji
    By Sharda Balaji over 2 years ago
  • Self Regulatory Organization for Payment System Operators

    Self Regulatory Organization for Payment System Operators

    Self regulated organizations for payment system operators 10 nov2020  from  Novojuris   Introduction With the massive growth witnessed in India, in the digital payment ecosystem, there has arisen a need for having a framework for regulation for digital payments.

    NovoJuris
    By NovoJuris almost 3 years ago
  • Positive Pay System for Cheque Truncation System

    Positive Pay System for Cheque Truncation System

    Under the positive pay system, the issuer of the cheque is going to be required to submit electronically, through SMS, mobile app, internet banking or ATM certain minimum details of that cheque like date, name of the beneficiary, payee, amount

  • Resolution Framework for COVID-19 related stress – Financial Parameters

    Resolution Framework for COVID-19 related stress – Financial Parameters

    The Reserve Bank of India on September 7, 2020, released the K V Kamath-led Committee report, which had recommended financial parameters to be factored within the resolution plans under the ‘Resolution Framework for Covid19-related Stress’ alongside sector-specific benchmark ranges for

  • Clarification on new definition of Micro, Small and Medium Enterprises

    Clarification on new definition of Micro, Small and Medium Enterprises

    In view of the Gazette notification dated June 26, 2020 on new criteria for classifying the enterprises as micro, small and medium enterprises, Reserve Bank of India (RBI) vide its notification dated 21 August 2020, has clarified the following: All

  • COVID-19 Crisis:  Revised FDI norms for neighbouring countries

    COVID-19 Crisis: Revised FDI norms for neighbouring countries

    Like many other countries, India is also trying to curtail opportunistic take-overs due to massive economic slowdown, falling share price/ valuation due to Covid19 pandemic.  The Department for Promotion of Industry and Internal Trade, issued a Press Note on 17

    NovoJuris
    By NovoJuris over 3 years ago
All Resources

Contact us for a Solution

Contact us for more information about our services and how we can help

Contact
Disclaimer

As per the rules of the Bar Council of India, we are not permitted to advertise or solicit work. By accessing and browsing through this website, all users agree and acknowledge that the content of this website is for informational purposes only and that there has been no form of solicitation, advertisement or inducement by NovoJuris Legal or its members, in any form. No information provided on this website should be construed as legal advice and NovoJuris Legal shall not be liable for consequences of any action taken by relying on the information provided on this website.