Women, who earlier stayed at home fulfilling domestic duties, are now considered as the backbone of any economy. She is participating in the process of economic development on an equal footing with men, simultaneously managing both home and work. Women have moved away from their traditional roles of homemaker and child rearing to social and... Continue Reading →
CORPORATE SOCIAL RESPONSIBILITY – KEY AMENDMENTS
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 →
New Wage Code: Simpler or Wider
There has been a lot of noise about the New Wage Code that has come into effect a few weeks ago. We have tried to simpliciter provide a map to decipher the New Wage Code and our thoughts are distilled into this Code of Wages - ALA Outlook. We would be happy to receive feedback... 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.
Privacy Laws: The Past, the Present and the Future
The GDPR Regulations, have now made sure that any organization under whose surveillance such a breach takes place is held liable for such breach. This in turn leads to all organizations around the world, be it Google, Yahoo, Facebook or Instagram to update their privacy policies and make them severer and more difficult to violate. GDPR has further provided for the maximum penalties which would be levied if such GDPR is breached by an organization. The maximum fine levied on such an organization is a fine up to 4% of their annual global turnover or € 20 million, whichever is higher.
COMMERCIAL LAW BLOG 