Recently, the Reserve Bank of India (“RBI”) issued Guidelines on Digital Lending (“Guidelines”)[1]. The Guidelines have come amidst concerns of data privacy breaches, unethical business practices, and mis-selling to vulnerable customers by digital lenders. The Guidelines apply from the date of the circular to existing customers who wish to take fresh loans and to new …
The Ministry of Commerce and Industry recently passed a circular dated July 27, 2022, addressed to all regional authorities of Director General of Foreign Trade (“DGFT”), exporters/members of trade, and custom authorities. Under the circular, the DGFT has provided relaxation to the provision of submitting a “Bill of Export” as an evidence of export obligation …
The Competition Act (“Act”), 2002 has been formulated to deal with the economic realities of the nation wherein it aims at promoting competition on one hand and protecting the Indian markets on the other hand from the claws of the enterprises adhering to the anti-competitive practices in India. The Act predominantly prohibits 3 (three) major …
Identifying Instances which do not Constitute Bid Rigging Read More »
In the present day and age, digital investments and digital assets have become the new trend, as it has enabled one to sit comfortably at home and grow their investment pool by purchasing assets online through various platforms and exchanges undertaking business in such a sphere. Bitcoin, Ethereum, Dodge Coin, to name a few, are …
Globalization has altered the perspective as well as the functioning of the markets in recent times. A substantial shift has been observed from producer-oriented markets to customer-oriented ones. One must keep pace with the customer’s needs and accordingly introduce services and products which could be availed by the customer by a simple click at their …
Legal Requirements And Compliances For E-commerce Business In India Read More »
European Union’s (“EU”) regulations on the protection of natural persons with regard to the processing of personal data and free movement of such data (“GDPR”) came into effect from May 25, 2018. These new General Data Protection Regulations 2018 have replaced previous data protection rules across Europe that were almost two decades old. It was …
A commercial contract forms an integral and critical part of any business venture, as such arrangements detail the rights and obligations, commercial terms, discussed and agreed upon between the parties including recourse in case of any dispute. Therefore, it is extremely crucial to ensure that the terms mentioned in the contract are drafted in a …
Commercial Contracts in India and Their Legal Nuances Read More »
Presently, the Indian pharmaceutical industry tops the chart amongst India’s science-based industries with an enormous capability in the field of drug manufacturing and technology. India ranks 3rd worldwide in terms of countries that have exported the highest dollar value worth of drugs and medicines during the period 2018 – 2021. India is one of the …
The regime surrounding cryptocurrency in India has been in a state of flux since 2013. Particularly over the last few years, the Reserve Bank of India, the Indian Government and the Indian Judicial Courts have adopted contrary stances on this subject keeping the subject matter and enthusiastic traders and investors in a state of perplexity. …
Validity of Cryptocurrency under Deliberation in India Read More »
