Banking & Finance

In pursuance with the application letter dated February 11, 2022 (“Application”), Deepak Nitrite Limited (the “Company”) recently sought guidance from the Securities and Exchange Board of India (“SEBI”). The Board of Directors of the Company (“Board”) prior to making the Application, announced a qualified institutional placement of equity shares of the Company up to INR […]

Paytm, a company launched in 2009, is one of the largest payments platform in India based on the number of consumers, merchants, transactions, also as per the revenue for the financial year ended March 2021. It is a mobile-first digital payments platform to enable cashless payments for customers giving them the power to make payments […]

Section 138 of the Negotiable Instruments Act, 1881 creates a statutory offence in the matter of dishonour of cheques on the ground of insufficiency of funds in the account maintained by a person with the banker. Objective The objective of the act is to define the various negotiable instruments such a, promissory notes, bills of […]