Police Power to Freeze Bank Accounts: Understanding Section 102 CrPC / Section 106 BNSS
Police in India can direct banks to freeze or seize an account if, during investigation, they develop a reasonable suspicion that the account is linked to a crime, but this power is not unlimited and is subject to statutory safeguards and judicial review. The Supreme Court has clarified that a bank account is “property” for…
Read article
UPI–TIPS Interlinkage: Strengthening Cross-Border Instant Payments Between India and the Euro Area
The Reserve Bank of India (RBI)is actively advancing efforts to interlink the **Unified Payments Interface (UPI) with fast payment systems across global jurisdictions to enhance the efficiency of cross-border payments. These initiatives align with the G20 Roadmap for improving cross-border payments, which emphasizes making international transfers cheaper, faster, more transparent, and more accessible. As part…
Read article
Cheque Bounce — Is it Necessary to Make Unregistered Firms an Accused? (Updated as of 2025)
A common question arises whether an unregistered partnership firm can be made an accused under Section 141 of the Negotiable Instruments Act, 1881 (NI Act), and whether the firm itself must be arraigned as an accused along with its partners for cheque bounce offences under Section 138. Historically, ambiguity persisted due to Section 69 of…
Read article
NRE (Non-Resident External) Accounts in India: Purpose, Eligibility, Rules & Operating Procedures.
Quick summary An NRE account is a rupee account for NRIs/OCIs to park overseas earnings in India with full repatriation and tax‑free interest while they remain non‑resident under FEMA, subject to specific opening, operation, and conversion rules on change in residency status. What is an NRE account Purpose and use-cases Eligibility Key features Tax…
Read article PSB Alliance to Launch New Digital Platform for MSME Credit Access in January 2026
The PSB Alliance, a joint initiative of all 12 Public Sector Banks (PSBs) in India, is set to launch a new digital platform in January 2026 to simplify credit access for Micro, Small, and Medium Enterprises (MSMEs). The upcoming platform will create a unified digital ecosystem connecting small businesses, fintechs, and partner organizations with PSBs,…
Key time limits for suits, appeals, applications, and execution under the Limitation Act, 1963
A wide range of civil actions in India are time-barred if not initiated within the specific periods prescribed by the Limitation Act, 1963; notably, execution of most civil decrees must be filed within 12 years from when the decree becomes enforceable, while perpetual injunction decrees have no limitation for enforcement. For banking and recovery practitioners,…
Read article