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Impact of PMLA Amendments on Virtual Digital Asset Transactions
Impact of PMLA Amendments on Virtual Digital Asset Transactions

Notification Coverage The Ministry of Finance has notified an amendment in Prevention of Money-Laundering Act, 2002 (“Act”) by way of Notification No. S.O. 1072(E) dated 07.03.2023 (“Notification”).  The Act has been amended to include cryptocurrency or virtual digital assets (“VDA”)…

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Vesting in India: Definition, Types, Periods, Options & Schedules
Vesting in India: Definition, Types, Periods, Options & Schedules

What is Vesting? “Vesting” is a contractual structure to facilitate gradual transfer of ownership. It is a legal term referring to the process in which a person secures his ownership of (legally referred to as “title to”) certain assets over…

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