FINTECH COMPANIES
Fin-tech is portmanteau of financial technology it is application of new technology in the
field of financial industry. But it not only requires technological advancement but also some
minute understanding of laws $ regulations applicable to fin-tech companies. It requires high
security regulations and laws because of its sensitive working base. And, we at Fast Track
Legal Solutions offer our client an expert legal assistance in the field of financial regulation
of our county dealing with various regulators like RBI, SEBI, IRDAI.
WE PROVIDE ASSISTANCE IN:-
- Obtaining specific license from RBI for peer-to-peer lending or cross border payment.
- As its business requires collection, disclosure or transfer of personal data so it requires legally binding contract in day-to-day business.
- All Fin-tech companies are required to maintain the record of transactions to furnish it to the authorities and act as per Prevention of Money Laundering Act, 2002 which prohibits financial crimes.
- Companies Act,2013; fin-tech companies have to comply with the aforesaid act and foreign exchange regulation.
- Equal Remuneration Act,1976 and Rights of Persons with Disabilities Act,2016; company have to deal with these acts with subject to hiring and firing of employees and drafting the employment agreement with the employees.
- Patents Act (1970), Copyright Act (1975), Design Act (2000), Trademark Act (1999) and all other Acts related to Intellectual Property Rights.
- Regulations in compliances with India’s obligation under the TRIPS.
- Authorization of NBFC.
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