Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Apr 29, 2024

RBI Issues Revised Regulatory Framework – Bharat Bill Payments Systems Directions, 2024

With a view to streamline Bharat Bill Payment System (‘BBPS’) processes and membership criteria, the RBI released the revised Bharat Bill Payments Systems Directions, 2024 (‘BBPS Master Directions’), effective from April 1, 2024. The key highlights of the BBPS Master Directions are as follows: (i) indicative roles and responsibilities of the Bharat Bill Pay Central Unit (‘BBPCU’) (i.e., the entity which operates the BBPS) and Bharat Bill Payment Operating Units (‘BBPOUs’), have been provided. BBPOUs may function either as biller operating units (‘BOUs’) (i.e., entity that onboards billers for collection of its bills) and/ or customer operating units (‘COUs’) (i.e., entity which provides its customers with an interface to pay bills); (ii) non-bank BBPOUs must open an escrow account exclusively for BBPS transactions. The list of eligible credits and debits to the escrow account of COUs and BOUs is also provided.

TAGS

SHARE

Subscribe

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

RELATED READING

Inter Alia

Supreme Court Holds that Application for Extension of Time is Maintainable, Even After Expiry of Arbitral Tribunal’s Mandate

Oct 30, 2024 | Dispute Resolution
Inter Alia

Trademark Orders Passed by Contractual Officers to be Revalidated

Oct 30, 2024 | Intellectual Property
Inter Alia

SEBI Provides Exemptions to University Funds and University Related Endowments Registered as FPIs from Making Additional Disclosures

Oct 30, 2024 | Financial Services Regulatory & Securities