RGNUL Financial & Mercantile Law Review

This post is authored by Raghav Gupta and Ahan Garg, 3rd Year, B.B.A. LL.B (Hons.) students at National Law University, Jodhpur. 1. Introduction For decades, India restricted acquisition finance by effectively preventing banks from funding equity acquisitions. Paragraph 2.3.1.9 of the RBI Master Circular on Loans and Advances - Statutory and Other Restrictions stipulates that the promoters' investment in the equity capital of a company should be funded by their resources, and

This post is authored by Zuber Syed, Managing Partner at Zuber & Partners (Hyderabad), with expertise in M&A, corporate law, fintech, cryptocurrency regulation, and cyber law. INTRODUCTION The global rise of cryptocurrencies has redefined financial markets, bringing with it new forms of capital, innovative fundraising methods, and decentralized business models. In India, this trend coincided with the rapid growth of fintech and digital commerce. Start-ups offering blockchain-