The ECB Circular attempts to overhaul the nature of uses for which borrowers may adopt the ECB route and therefore, avail debt funding from foreign lenders. The relaxation in permitted end uses via the ECB Circular conveys the RBI’s intent to liberalise external debt funding opportunities for Indian entities thereby reducing their dependence on equity based funding.
First published in Enchiridion 2018 Magazine. Introduction Digitalisation has brought numerous benefits globally, including lifting millions of people in emerging economies into the consuming class. But it also has had an impact in some sectors like manufacturing in advanced and developed economies. Today the sectors that are highly digitised are, financial services, media, and the … Continue reading Decode 3Ds – Distort – Digital – Data
Towards further improving India's ranking in the World Bank’s 'Doing Business Report', which, inter alia, considers dispute resolution environment in a country as one of the parameters for doing business, the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Ordinance, 2018 (“Ordinance”) was promulgated on 3rd May, 2018. The Ordinance sought … Continue reading THE COMMERCIAL COURTS, COMMERCIAL DIVISION AND COMMERCIAL APPELLATE DIVISION OF HIGH COURTS (AMENDMENT) ACT, 2018
Introduction / Background The Specific Relief (Amendment) Bill, 2017 was introduced in Lok Sabha by the Minister of Law and Justice, Mr. Ravi Shankar Prasad on December 22, 2017. The Bill seeks to amend the Specific Relief Act, 1963. The amendments have been suggested pursuant to the recommendations in the Expert Committee’s Report on Specific Relief … Continue reading The Specific Relief (Amendment) Act, 2018
The President of India promulgated the ordinance to bring into force The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015 (“Ordinance”) on October 23, 2015, which would enable the expeditious settlement of commercial disputes that would give impetus to the ease of doing business in India. With the ordinance coming into force "at once", all pending suits and applications relating to commercial disputes involving claims of Rs.1,00,00,000 (Rs. One Crore only) or more in the high courts and civil courts will be transferred to the relevant commercial division (“Commercial Division”) or commercial court (“Commercial Court”) as the case may be. However, a suit will not be transferred if a final judgment on the matter has been reserved prior to the constitution of the relevant Commercial Division or Commercial Court.