Obhan&Associates

On May 16, 2023, the Ministry of Finance (“MoF”) notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 (“2023 Amendment”) to omit Rule 7 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000. ...

Recently, a five-judge bench of the Supreme Court rendered its judgment in N.N. Global Mercantile Private Limited v. Indo Unique Flame Limited ("N.N. Global 2") and has put to rest the question on whether arbitration agreements included in unstamped/ insufficiently stamped instruments are valid and enforceable. ...

With the development of blockchain technology, artificial intelligence and virtual digital assets, several concerns have been raised regarding the plethora of legal and ethical challenges that are likely to arise from development of these technologies, and how they will interact with the rights of individuals granted under law. ...

Mehak Dhingra has been pr...

On April 26, 2023, the Union Cabinet approved the National Medical Devices Policy, 2023 ("Policy"). A press release issued on the same date ("Press Release") detailed the backdrop leading up to this approval and what lies in store for the future. ...

The Ministry of Corporate Affairs ("MCA") vide its notification dated March 17, 2023 established the Centre for Processing Accelerated Corporate Exit ("C-PACE") to facilitate and speed up the process of voluntary closure of business of companies by removal of their names from the register of companies. ...

Consumer protection laws are designed to safeguard the interests of consumers and ensure that their rights are protected in case of any deficiency in the goods or services provided to them. In India, the Consumer Protection Act, 2019 is a significant legislation that aims to protect the interests of the consumers and to establish an efficient mechanism for the redressal of consumer disputes. ...

In recent years, the online gaming industry has grown significantly, especially in the realm of real money gaming. While the growth of the industry has been impressive, it has also led to an increased need for regulation and guidelines. On January 2, 2023, the Ministry of Electronics and Information Technology. ...

In today’s news cycle, the interplay of AI, media, and privacy regulations are omnipresent and inescapable hot-button issues. However revolutionary as this advancement in technology may be, such fast-paced growth may have several repercussions on our everyday lives. We are moving towards a world where we co-opt and coexist with AI, becoming increasingly more intertwined with our everyday lives. ...

The validity of put option clauses in contracts has been a subject of detailed scrutiny for the Indian government, for several years. The discourse surrounding put option clauses originated from Section 20 of the Securities Contracts (Regulation) Act, 1956 ("Act")—which was subsequently omitted by the 1995 amendment to the Act. ...