This article was First Published on Bar and Bench on 28th November 2023. Cookie is a small text filed stored by the website on your personal computer or any other device when you visit the website. Cookies are of two
This article was First Published on Bar and Bench on 16th November 2023. Indian Data Protection Law – Digital Personal Data Protection Act, 2023 (DPDPA) [yet to come into force] - requires Data Fiduciaries to go for opt-in consent while
The Finance Act of 2023 has introduced an important amendment to the Income-tax Act, of 1961 (the Act). One of its amendments brings the consideration received from non-residents for the issuance of shares within the scope of section 56(2)(viib) of
Maharashtra, the economic powerhouse of India, has been a trailblazer in embracing technology and driving digital transformation across various sectors. With Mumbai already being termed as the entertainment and financial capital of the Country, the state cabinet recently approved the
Wealthy individuals in India are increasingly favouring fund structures, versus investing from the company’s balance sheet, as effective tools for managing wealth, investments, and taxes. Family offices are considering GIFT City, India's first international financial services center (“IFSC”), as a
The Digital Personal Data Protection Act, 2023 (“DPDP”) has had an arduous journey in the country’s decade long process of evolving general data protection regime for India. The DPDP is is the data protection legislation of India after having received
The Digital Personal Data Protection Act, 2023 (“DPDP”) having received the presidential assent has become the data protection law of India. The DPDP is set to have a profound impact on various industries. With the increasing reliance on digital platforms
In a significant joint order passed on June 5, 2023, the Bombay High Court delivered a pivotal clarification regarding copyright ownership in cases of agreement termination due to non-payment of dues. The court, in its ruling on the cases of
The Energy Conservation Amendment Act, 2022 (“Act” ) received the assent of the President on 19th December, 2022 and came into force on January 1, 2023. The Act mandates the use of renewable energy and carbon-neutral technologies, as well as
The Reserve Bank of India (RBI) has released guidelines on Default Loss Guarantee (“DLG”) in digital lending dated June 08, 2023 (“Guidelines”), allowing arrangements between Regulated Entities (“RE”) and Lending Service Providers (“LSPs”) or between two RE’s. DLG arrangements
INTRODUCTION Insurance Regulatory and Development Authority of India (“IRDAI”) came up with the first set of guidelines in 2017, which covered information and cybersecurity practices for insurers. These guidelines were designed to ensure that insurers have sufficient resources to manage
Through its recent consultation paper titled “Regulatory Framework for Micro, Small and Medium REITs (MSM REITs)” dated 12 May, 2023 (“Consultation Paper”), the Securities and Exchange Board of India (“SEBI”) proposes the regulation of all platforms that offer fractional ownership
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