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Nidhi Micro Finance & Alternative Banking

ECA Legal team excel in full range of legal services for Nidhi Company, Micro Finance Institutions & other Alternative Banking Institutions including but not limited to Producer Companies, Cryptocurrency, CIC Schemes, PPI, P2P lending, E-Wallets and others which had emerged with the changing landscape of Indian financial sector and given rise to cultivation of thrift and saving business.
As financial technology innovation grows and consumer preferences change, payment systems are changing and expanding. Our Nidhi, Microfinance & Alternative Banking Practice helps through the myriad of highly-regulated and evolving landscape by providing practical, actionable advice on the legal, business and regulatory issues around Nidhi Company, Micro Finance, Producer Companies, Multi-State Credit Co-operative Societies, Collective Investment Schemes, Online and Mobile Payments, Consumer and Peer-to-Peer Lending, Crowd Funding,Virtual and Digital Currency, Blockchain Technology, as well as Prepaid Instruments, Loyalty and Rewards Programs. ECA has advised on a number of microfinance related transactions and prides itself on being able to provide real and much-needed solutions helping to transform businesses in success stories.
ECA Lawyers assist technology companies that accept payments or relay money or other denominations of value between parties including : -
(i) Consumer-facing technology companies
(ii) Payment processors and issuers of payment instruments
(iii) Producer Companies
(iv) Housing Finance Companies
(v) Collective Investment Schemes
(vi) Multi- State Credit Co-operative Societies
(vii) Virtual currency exchangers and administrators
(viii) Blockchain technology and Bitcoin startups
(ix) Digital signature companies
(x) Other companies developing novel payment solutions
Leveraging deep technical, business and legal knowledge, ECA address novel and complex payment systems issues including:
→ Emerging payments, online and mobile payments, and micro-transactions
→ Money transmission and consumer lending licensing, compliance and regulatory interventions
→ Payment ecosystem design and implementation
→ Vouchers, coupons, promotions, sweepstakes, lotteries, and gaming
→ Virtual currency risk assessment, business model development and mitigation
→ Prepaid card program design and vendor agreement negotiation
We also frequently represent clients in connection with regulatory matters and have experience with matters relating to the following regulatory bodies:
» Reserve Bank of India (RBI);
» Securities Exchange Board of India (SEBI)
» Ministry of Corporate Affairs (MCA)
» Ministry of Agriculture (MoA)
» Department of Co-operative
» Pension Fund Regulatory & Development Authority (PFRDA)
» State financial regulatory agencies
If you are seeking experienced legal representation in connection with your business, general corporate advisory, day to day business affairs, or other similar transaction, please contact us or by telephone at +91 8448824659.