Legal News » December 2007

RBI may Bring Relief for Credit Card Holders
In an effort to make the credit card operations more transparent, RBI may make it compulsory for banks to repay the small credit balance to cardholders in case the card is left inactive for more than six months.

SEBI panel Recommends Monetary Compensation for retail investors
Thousands of retail investors in the primary market who suffered potential losses due to manipulation in the initial public offering allotment process of 21 companies two years ago can be compensated monetarily.

Cabinet Urges Setting up of Mobile courts in Rural India
Rural India will soon have its own mobile courts. The Cabinet has requested the UPA government to go ahead with the setting up of mobile courts to bring justice to rural India's doorsteps.

RBI cautions against deceptive remittance offers
Reserve Bank of India (RBI) revealed that schools and hospitals have been lured by foreign entities and sometimes their Indian representatives with deceptive purposes