E-commerce is an online based business model which have been set up for providing the consumers an online market portal used by people for buying and selling the products and the services. The Consumer Protection Act, 2019 defines, the term as, “buying or selling of goods or services including digital products over digital or electronic... Continue Reading →
Online Gaming Laws In India: Recent Judgement of Madras High Court
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.
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 →
DIPP Notifies revised definition of Start-up
In our previous post on the Start-up India Action Plan (“Action Plan”), we discussed the various benefits announced for ‘eligible’ start-ups in the Action Plan and the regulatory changes that were proposed thereunder. We also highlighted that the Action Plan provided a definition as to what shall constitute an ‘eligible’ start-up. Further, the Department of... Continue Reading →
Start-up Investment: Essentials of a Term Sheet and Methods of Valuation – An Indian Perspective (Part 2)
Valuation matters to entrepreneurs because it determines the portion of their company they have to give away to an investor in exchange for money. Ascertaining the most appropriate method of valuation of the securities of a company is in the event of receipt of an investment or sale of existing securities is an essential part of any transaction. This is also a statutory requirement.
Start-up Investment: Essentials of a Term Sheet and Methods of Valuation – An Indian Perspective (Part 1)
The term sheet is intended to reflect the desires and concerns of the parties in a manner which is mutually agreeable to the participating parties.