SC: Arrest & Remand Illegal if Grounds Not Given in Language Arrestee Understands || SC: Judgment for Deceased Party is Null if Legal Heir was not Brought on Record Before Hearing || SC: Hiding a Candidate’s Conviction Voids Election, Regardless of Whether it Influenced Results || Delhi HC: Not Here to Monitor Delhi University, but Students Must Follow Law During Elections || J&K&L HC: Paying Tax or GST Registration Doesn’t Legalize Unlicensed Business Activities || Delhi HC: Victim’s Past or Character Cannot be Used to Suggest Consent in Assault Cases || P&H HC: Constitution isn’t Privilege Charter; Reservation in Promotions Requires Statutory Amendment || Kerala HC: Law Must be Amended to Hold Landowners Liable for Illegal Paddy Land Reclamation || Bombay HC: Parents Saying Daughter was Unhappy, Wept Often not Enough to Convict under 498A IPC || Kerala HC: Physiotherapists and Occupational Therapists Cannot Use “Dr.” Without Medical Degree

RBI releases Consultation Paper on Peer to Peer Lending- (Reserve Bank of India) (28 Apr 2016)

MANU/RPRL/0124/2016

Banking

The Reserve Bank of India released a Consultation Paper on Peer to Peer Lending, better known as ‘crowd-funding’.

Crowd-funding typically relies on an online platform that matches lenders with borrowers to provide unsecured loans. Borrowers and lenders can be natural persons, companies or other entities.

India, at present, does not have in place a regulatory framework for Peer to Peer lending. The Paper talks of the pros and cons of regulating the sector and suggests a framework to effect the same. It also discusses capital limits, activities for which money can be lent, governance requirements, and a fair practice code.

Tags : PEER TO PEER LENDING RBI CROWD-FUNDING

Share :