Online fantasy sports not gambling, rules High Court of Punjab and Haryana
In a landmark ruling, the Punjab and Haryana High Court on 18 April 2017, has held that playing fantasy games online is legal and does not fall within purview of the definition of “gambling”. The order was made by Justice Amit Rawal, who laid down that fantasy sports is a game of skill as it requires a […]
BUILDERS CANNOT FORCE BUYERS TO SETTLE THE DISPUTE THROUGH ARBITRATION
A three-member bench of the National Consumer Disputes Redressal Commission (NCDRC) has held that it is not a compulsion for buyers to go for arbitration even if the seller-buyer agreement provides for an arbitration clause. Builders had cited changes made in Section 8 through the Arbitration and Conciliation (Amendment) Act, 2015 to make their point […]
CCI filing for ‘Combination’ approval further relaxed
The Ministry of Corporate Affairs vide notification dated 29th June 2017 exempts every person or enterprise who is a party to a “Combination”, as defined in the Competition Act, 2002 (“Act”), from giving notice to the Competition Commission of India (“CCI”) within thirty days of the proposed combination, subject to the conditions laid down in […]
CABINET DECIDES TO ABOLISH FOREIGN INVESTMENT PROMOTION BOARD
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the phasing out of the Foreign Investment Promotion Board (“FIPB”). FIPB was an inter-ministerial body under the finance ministry’s Department of Economic Affairs that processed FDI proposals and made recommendations for government approval. It was set up after India […]
CHANGES IN DEFINITION OF STARTUP
Startup India was launched by the Government of India on 16th January 2016 to build a strong eco-system for nurturing innovation and Startups in the country to drive economic growth and generate large scale employment opportunities. In order to promote entrepreneurship in the country, the Government of India has amended the definition of a Startup. […]
EMPLOYEES COMPENSATION (AMENDMENT) ACT, 2017
The Employees Compensation (Amendment) Act, 2017 received the President’s assent on April 12, 2017. It was introduced in the Lok Sabha in August, 2016. This Amendment Act amends the Employee’s Compensation Act, 1923. The amendments are as follows: The employer is required to immediately at the time of employment of an employee, inform the employee […]
Trademark Rules, 2017
Introduction: The Department of Industrial Policy and Promotion has vide a notification dated 6th March, 2017 notified the Trademark Rules, 2017 (“Rules”). These Rules which will replace the erstwhile Trademark Rules, 2002 have helped to scrape several redundant and obsolete provisions and have streamlined and simplified the process of trademark applications. The salient features of […]
Deal Update: Sports social app Rooter gets funding
Ahlawat & Associates advised Rooter Tech in raising funds from Intex. Ahlawat & Associates Partner Uday S. Ahlawat acted for Rooter Tech while Intex was advised by their in-house legal team. Rooter is a social sports app to connect game enthusiasts and get them to interact with one another across the real and the digital […]
Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2016
Introduction: On June 29, 2016, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi finalized and approved the Model Shops and Establishment (Regulation of Employment and Conditions of Service) Bill, 2016 (“Model Bill”). The Model Bill is a welfare legislation aimed at bringing uniformity in regulation of employment and conditions of service throughout […]
Goods and Services Tax Bill cleared by Rajya Sabha
The Goods and Services Tax (“GST”) Bill is the Constitution (122nd Amendment) Bill,2014. It is the biggest tax reform in India since the economy began to be opened up 25 years ago. The Lok Sabha (lower house of the Parliament) cleared the GST proposal last year. Inthe Rajya Sabha (upper house of the Parliament), it […]