Since our previous posts on Corporate Social Responsibility (CSR) [which can be accessed here, here and here], there have been numerous changes to the governance of CSR in India. Key Changes in 2019 Exemptions to Start-ups: Complying corporations which are freshly incorporated and have not completed 3 years of establishment, the amount to be spend... Continue Reading →
GAMING LAWS IN INDIA – CURRENT SCENARIO
Gaming Legislation in India Under the Constitution of India, the State Legislatures have been entrusted with the power to frame legislation to govern “Gambling”. However, prior to independence, the then Central Government enacted the Public Gambling Act, 1867, which regulated gambling and other allied activities across India. Certain states in India have enacted their own... Continue Reading →
RBI CIRCULAR ON ECB REGULATIONS – END USE RELAXATIONS
The ECB Circular attempts to overhaul the nature of uses for which borrowers may adopt the ECB route and therefore, avail debt funding from foreign lenders. The relaxation in permitted end uses via the ECB Circular conveys the RBI’s intent to liberalise external debt funding opportunities for Indian entities thereby reducing their dependence on equity based funding.
Decode 3Ds – Distort – Digital – Data
First published in Enchiridion 2018 Magazine. Introduction Digitalisation has brought numerous benefits globally, including lifting millions of people in emerging economies into the consuming class. But it also has had an impact in some sectors like manufacturing in advanced and developed economies. Today the sectors that are highly digitised are, financial services, media, and the... Continue Reading →
THE COMMERCIAL COURTS, COMMERCIAL DIVISION AND COMMERCIAL APPELLATE DIVISION OF HIGH COURTS (AMENDMENT) ACT, 2018
Towards further improving India's ranking in the World Bank’s 'Doing Business Report', which, inter alia, considers dispute resolution environment in a country as one of the parameters for doing business, the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Ordinance, 2018 (“Ordinance”) was promulgated on 3rd May, 2018. The Ordinance sought... Continue Reading →
The Specific Relief (Amendment) Act, 2018
Introduction / Background The Specific Relief (Amendment) Bill, 2017 was introduced in Lok Sabha by the Minister of Law and Justice, Mr. Ravi Shankar Prasad on December 22, 2017. The Bill seeks to amend the Specific Relief Act, 1963. The amendments have been suggested pursuant to the recommendations in the Expert Committee’s Report on Specific Relief... Continue Reading →
COMMERCIAL LAW BLOG 