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sebi issues revised guidelines in pursuance of amendment to the sebi kyc

CERT-In Releases FAQ’s on Directions On Cyber Security

The Indian Computer Emergency Response Team (“CERT-In”) (an agency operating under the Ministry of Electronics and Information Technology, Government of India) recently released a document, consisting of 44 frequently asked questions (“FAQs”), in a bid to clarify the new directives (dated April 28, 2022) relating to “information security practices, procedure prevention, response and reporting of …

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sebi issues revised guidelines in pursuance of amendment to the sebi kyc

New Directions on Cyber Security Practices in India will impact Crypto-entities, VPN providers and data privacy of users

The Indian Computer Emergency Response Team (“CERT-In”) has issued key directives dated April 28, 2022 (“Directions”) under the Information Technology Act, 2000 (“IT Act”) relating to “information security practices, procedure, prevention, response and reporting of cyber incidents”, which aim to strengthen cyber security practices in India. CERT-In is the national nodal agency (under the Ministry …

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sebi issues revised guidelines in pursuance of amendment to the sebi kyc

SEBI issues revised guidelines in pursuance of amendment to the SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011

The Securities and Exchange Board of India (‘SEBI’) has notified (on April 6, 2022) additional guidelines for the implementation of SEBI KYC (Know Your Client) Registration Agency (KRA) Regulations, 2011 (“Guidelines”). Under the Guidelines, it is stipulated that KRAs shall continue to act as repository of KYC data in the securities market and shall additionally …

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sebi issues revised guidelines in pursuance of amendment to the sebi kyc

Grant of Maternity Benefits to Ad-hoc Employee Beyond The Employment Period

In one of the recent judgments, the Hon’ble High Court of Delhi (“Delhi High Court”) has adjudicated on the issue regarding entitlement of maternity benefit to an ad-hoc employee beyond the period of employment contract under the Maternity Benefit Act, 1961 (hereinafter referred to as the “Maternity Benefit Act”). The said question of law was …

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sebi issues revised guidelines in pursuance of amendment to the sebi kyc

Apex Court Lifts the Stay Order on Law Enforcing 75% Reservation in Haryana

The State government of Haryana had officially notified the Haryana State Employment of Local Candidates Act, 2020 (“Act”) and its subsequent rules, the Haryana State Employment of Local Candidates Rules, 2021 (“Rules”) on January 15, 2022, wherein 75% (seventy-five per cent) reservation has been imposed in the employment of local candidates (domiciled in Haryana) who …

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sebi issues revised guidelines in pursuance of amendment to the sebi kyc

ASCI Publishes Guidelines for Advertising of Virtual Digital Assets

The Advertising Standards Council of India (“ASCI”) has published the ‘Guidelines for Advertising of virtual Digital Assets and Linked Services’ on February 23, 2022. The ASCI guidelines extract the definition of “Virtual Digital Assets” (“VDA”) from the Financial Bill 2022, following which it lists 12 (twelve) guidelines that are required to be complied with by …

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sebi issues revised guidelines in pursuance of amendment to the sebi kyc

Karnataka High Court Quashes Ban on Online Games of Skill

In 2021, the Karnataka Government introduced amendments to the Karnataka Police Act, 1963, which has been subject to constant criticism and scrutiny. The amendment prohibited and penalized betting, gambling and playing of online games (without differentiating between games of chance and games of skill). Interestingly, Section 176 of the original Karnataka Police Act, 1963 (which …

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sebi issues revised guidelines in pursuance of amendment to the sebi kyc

Deal Update: A&A advised Rooter Sports on its ‘Series A Investment’ round

Ahlawat & Associates’ Transactional Advisory Team (“A&A”) has advised Rooter Sports Technologies Private Limited, on its ‘Series A Investment’ round wherein the investment was led by Lightbox Ventures III, MCG II Investments LLC, and Duane Park Private Limited followed by investments from 9Unicorns Accelerator Fund I, Goal Ventures Partners I LLC, Advantage AIV India LP, …

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