The Ministry of Corporate Affairs notified amendments to the Companies (Specification of Definitions details) Rules, 2014 on 19th February 2021 (“Amendment Rules”). The aforesaid amendment has excluded certain classes of companies from the ambit of the definition of “listed companies”. As per the Amendment Rules, following companies are exempted: Public companies that do not have... Continue Reading →
The proposals tackle challenges posed by the Act without ignoring the aims sought to be fulfilled by it. Given that many wrongdoers get away with their malpractices because of a higher standard of proof, strictly enforced monetary penalties and cancellation of license as measures of compliance would be, at least, equally efficient as imprisonment...
In a brief update to our post of yesterday, we see that the Chief Minister of Maharashtra, in a meeting with the representative of restaurant business associations held yesterday (28th September 2020), stated that the State Government of Maharashtra has prepared guidelines to restart the restaurant operations and activities. These guidelines have been submitted to... Continue Reading →
Guidelines by Ministry of Home Affairs The right given to the States/ UTs to impose additional restrictions and to prohibit certain activities outside the containment zones has been withdrawn pursuant to these Guidelines. The State/ UTs cannot impose any local lockdown, outside the containment zones, without prior consultation from the Central Government. The Ministry of... Continue Reading →
India, being the second most populated country in the world, has a large data market which is relatively unregulated. The lack of appropriate legislation has encouraged crimes such as data theft, data misappropriation, cyber-squatting, etc. The increased usage of smartphones coupled with the easy availability of the internet has made it extremely necessary to have... Continue Reading →
The interest in online gaming has witnessed a sudden increase in recent times all over the world, including India and due to this many countries are adopting or updating their existing framework on gaming laws. The Judgement appears to be crucial, in light of these recent developments. It throws light on the importance of setting up a regulatory framework to regulate and deal with the online gaming sector in India.