FinTech

Introduction FinTech, a combination of two words – “finance” and “technology”, is a relatively new and frequently imprecise phrase that refers to any developing technology that allows consumers or financial institutions to deliver financial services in newer, faster ways than previously possible. Consider the difference between strolling into a bank and being able to check…

BANK GUARANTEE

NATURE OF BANK GUARANTEE: INDEPENDENT AND AUTONOMOUS A bank guarantee is an undertaking by a bank or a banking institution to undertake to pay against the beneficiary’s demand for payment. Where a bank unconditionally and irrevocably promises to pay on demand (i.e. guarantees payment), the amount of liability undertaken in the guarantee without any reference…

Grounds for refusal of registration of Trademark

A “Trademark” is defined under Section 2(1)(ZB) of the Indian Trademarks Act, 1999 as a “mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others and may include a shape of goods, their packaging, and combination of colours.” Simply put, a trademark…