
Microfinance Crackdown: Key Features of Karnataka’s New Ordinance
The Governor of Karnataka has promulgated an Ordinance to protect borrowers from the excessive interest rates and harsh recovery practices employed by microfinance institutions.

The Governor of Karnataka has promulgated an Ordinance to protect borrowers from the excessive interest rates and harsh recovery practices employed by microfinance institutions.

On 7 February 2025, Tamil Nadu introduced the Tamil Nadu Online Gaming Authority (Real Money Games) Regulations 2025.

As per recently notified amendments, persons regulated by SEBI who use AI/ML tools will be responsible for the output of such AI/ML usage.

SEBI has clarified that persons regulated by the Board could not have any direct or indirect association with unregistered finfluencers.

In the case of Jindal Cocoa LLP vs. Reserve Bank of India (2025 SCC OnLine Bom 21) dated January 3, 2025.

In the case of Mohammed Enterprises (Tanzania) Ltd. Versus Farooq Ali Khan & Ors (2025 SCC OnLine SC 23), dated January 3, 2025.

In the case of Kerala Coastal Zone Mangement Authority v P. M. Sukhilesh and Others, (WA No. 212 of 2021) dated Janaury 7, 2025.

In the case of Dharini Shah & Ors. v State of Gujarat & Ors., (C/WPPIL/43/2024), dated Janaury 17, 2025.

In the case of Central Bank of India v. Smt. Prabha Jain, (2025 SCC OnLine SC 121) dated Janaury 9, 2025.

The RBI has issued Circular RBI/2024-25/101, clarifying that the NaBFID is permitted to participate as an AIFI in financial markets.
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