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Proposed LLP Act Tweaks and Impact on AIF Structures in India
What are the proposed LLP Act 2008 tweaks for AIFs? Proposed amendments to the LLP Act, 2008 signal a policy push to allow more Alternative Investment Funds to operate through LLP vehicles instead of trusts. The objective is to simplify…
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RBI (Outsourcing of Information Technology Services) Master Directions, 2023
The Reserve Bank of India issued the Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023 (“Directions”), which have come into effect on and from October 1st, 2023 and are applicable to Schedule Commercial Bank including Foreign Banks…
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Unconscionable Contracts and Related Principles
The Doctrine of Unconscionable Contract stands as a vital safeguard in the realm of Indian contract law, aiming to prevent exploitation and injustice arising from unfair or oppressive contractual agreements. Unconscionability is a legal concept rooted in fairness, particularly within…
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