The notification from Reserve Bank of India (RBI) for acquisition of control may or may not result in change of management and sale of payment activity to an entity not authorised for undertaking similar activities. This update analyses some of the key features of the notification including previous regime, scope of the notification, intimation requirement and RBI approval requirement.
The Bar Council of India does not permit solicitation of work and advertising by legal practitioners and advocates. By accessing the Shardul Amarchand Mangaldas & Co. website (our website), the user acknowledges that:
Click here for important public notice from the Firm.