India: This January newsletter covers categories of relevant updates notified by the Ministry of Corporate Affairs (“MCA”) and India’s central bank and regulatory body responsible for regulation of the Indian banking system (i.e., the Reserve Bank of India (“RBI”). The notification of the MCA extends time for statutory reporting on corporate social responsibility with the MCA and the RBI has now permitted UPI payments to be made from / to full-KYC PPIs through third-party UPI applications are one of the important updates covered in this newsletter.
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