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The Court set aside the Financial Intelligence Unit's order imposing ₹96 lakh on PayPal for failing to register as a ‘reporting entity’ under PMLA.
The Calcutta High Court has held that mere allegations of fraud inter-se the respondents would not make a dispute non-arbitrable. The bench of Justice Shekhar B. Saraf held that merely because...
Registrar of Companies, NCT Delhi and Haryana has lately approved IRCTC’s MoA, which states its interest in becoming a payment aggregator
March 8, 2021 Some of India’s leading startups, fintechs, large banks and corporates, alongside a few global financial giants and tech companies, have come together, all to grab a piece of India’s burgeoning payments market. Soon, the Reserve Bank of India (RBI) may grant some of them their wish to build and scale new ways for Indian consumers to transact. While cash remains the dominant form of making transactions in the country, over the last few years the number of consumers and merchants transacting digitally has grown exponentially. This has to do with two factors — one the falli...