Calcutta HC: Award May Be Set Aside if Tribunal Rewrites Contract or Ignores Key Clauses || Delhi HC Suspends Kuldeep Singh Sengar’s Life Term, Holding Section 5(C) of POCSO Not Made Out || Calcutta High Court: Arbitration Clause in an Expired Lease Cannot be Invoked For a Fresh Lease || Delhi High Court: 120-Day Timeline under Section 132B Of Income Tax Act is Not Mandatory || NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors || NCLAT: Oppression & Mismanagement Petition Cannot Be Filed Without Company Membership on Filing Date || Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy || NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required || NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes || Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction

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 :