The recent enactment of the Banking Laws (Amendment) Act,2012, and the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2012, should provide a stimulus to this sector.
Read MoreThe Financial Sector Legislative Reforms Commission (fslrc) has released a report advocating a complete overhaul of the existing regulatory framework, including replacement of a substantial body ofexisting laws with the Indian Financial Code drafted by it.
Read MoreKeeping in mind the poor condition of project debt servicing in India and to prevent misuse of the restructuring mechanism,the RBI has, via the Circular, brought about a more stringent regime for restructuring of debt.
Read MoreWhile the Ordinance has introduced measures that were long overdue, by its very nature, it has a short life span. The expectation is that the Ordinance will soon be replaced with an act that will amend the SEBI Act – a development that the corporate world is watching with bated breath.
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