The Digital Personal Data Protection Act (DPDP) of India has successfully navigated its final stages after several years of extensive debates, postponements, and negotiations. The act was passed by the Indian Parliament on August 11, 2023 and received presidential assent on the same day. However, the exact date of its coming into force has not […]
Read More →Below mentioned is the compilation of various laws notified by the Government both at Central and various State levels during recent times along with their scope and applicability: Name of Legislation Geographical Applicability Category Scope of Applicability Effective Date Finance (No. 2) Act, 2024 Central Direct Taxation Laws, Indirect Taxation Laws To all the entities. […]
Read More →In recent years, Closed-Circuit Television (CCTV) surveillance monitoring has become the need of the hour in urban areas. Accordingly, cities seek to enhance public safety and security to maintain law and order, improve traffic management and attain faster turnaround time for crime resolution and investigations. City and Industrial Development Corporation (CIDCO) has prepared a code […]
Read More →Introduction Considering the fast turnaround time in credit underwriting processes through Digital processes, the Reserve Bank of India has made certain changes in the reporting timelines of the Credit information held between the Credit institutions (CIs) and Credit Information companies (CICs). This reform is made with a view of providing updated/latest credit information to enable lenders […]
Read More →The Telecom Regulatory Authority of India (TRAI), in order to address the ongoing menace of spam calls and malicious communications, held a meeting with all major Telecom Service Providers on August 8, 2024. The aim was to regulate and tighten the control over unwanted communications. such as spam calls and bulk commercial messages. The following […]
Read More →The National Green Tribunal (NGT), has been striving to create a compensation scale for violations of Biomedical Waste Management Rules, 2016 (BMWM Rules, 2016) for protecting environment from Human induced damages wherein CPCB and SPCB were directed to frame such methodologies. In furtherance to aims of NGT, CPCB created a scale to aid in recovering […]
Read More →first published on Financial Express (India) Ethical business practices are often perceived to be an add-on to adhering to compliance. Refraining from conforming with compliance translates into not obeying the law of the land and can lead to penalties and in some cases stringent ones. But, ethics go beyond law. It shows the intent of […]
Read More →Ministry of Corporate Affairs vide its notification dated 24th September, 2024 has notified that for the Financial Year 2023 – 2024, Form CSR – 2 shall be filed on or before 31st December, 2024. This CSR-2 return must be filed separately from the AOC-4, which is the annual return form due within 30 days of […]
Read More →The Ministry of Corporate Affairs (MCA) has announced four important notifications effective from September 10, 2024. These updates pertain to notifying CCI for mergers and acquisitions under the Competition Act. Here’s a brief overview of these notifications entail: Provisions Notified Under the Competition (Amendment) Act, 2023: The notifications put into effect specific provisions from the […]
Read More →Introduction: Asset management companies (AMCs) play a crucial role in the financial markets, handling vast amounts of capital and making investment decisions that can significantly impact the market. With such responsibilities, AMCs will now have to put in place institutional mechanisms for identification and deterrence of potential market abuse, including front-running and fraudulent transactions in […]
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