INTRODUCTION Account Aggregators (AAs) is a novel structure of technology infrastructure, which aims to enable ease of access to the financial data of individuals and Business Customers. It enables sensitive financial information from one financial institution, where the individual has an account, with other regulated financial institutions within the AA network. As discussed in the...
INTRODUCTION The primary purpose of Arbitration is to ease out the process of dispute resolution by ensuring party autonomy and providing procedural flexibility. The parties to the dispute not only have the power to refer their dispute to Arbitration but also to decide the process, timeline and other details pertaining to the dispute resolution process....
INTRODUCTION One of the most outstanding achievements of the 21st Century in the field of technology is the development of Internet of Things (“IoT”). At present, there is no standard definition of the term ‘IoT’, however, as per the ‘Draft Policy on IoT’ released by the Government in 2015 (“Draft Policy”), defines IoT as, “a...
INTRODUCTION The Remission of Duties and Taxes on Exported Products (‘RoDTEP’) Scheme came into effect on 01.01.2021, for all exports made outside India but the Scheme Guidelines and the applicable rates were yet to be notified. After a six-month wait, the Central Government released the much-anticipated RoDTEP Scheme on 17.08.2021 vide Notification No. 19/2015-20 (‘the...
The case of Kaira District Co-Operative Milk Producer’s Union Ltd. & Ors v. Amul Canada & Ors [Docket No. – T-987-20], marks Indian dairy giant Amul’s first trademark violation case outside India, wherein the Federal Court, Toronto, ruled in its favour. FACTS In the present case, Kaira District Co-Operative Milk Producers’ Union Limited and Gujarat...
Introduction In continuation to our previous blog on Introduction to Account Aggregator – The Ecosystem, in this blog, we shall discuss about the framework of Account Aggregator platforms in detail. Non-Banking Financial Companies – Account Aggregator (NBFC-AA) Reserve Bank of India (RBI) is one of the regulatory bodies, which governs the functioning of Non-Banking Financial...
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