Corporate Law

Corporate Law

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Out of Public Order: A Study on the Law of Reasonable R...

The Ministry of Information & Broadcasting (“MIB”) reportedly directed the online video-sharing platform, YouTube to remove 45 videos from 10 channels hosted on its website on September 23, 2022 under the provisions of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (“IT Rules, 2021”). ......
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CSR Amendment Rules, 2022

Corporate Social Responsibility (CSR) regulations in India require certain companies to mandatorily undertake CSR activities and spend at least 2% of their average net profit of the immediately preceding three financial years on CSR activities. ......
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The Shelling of Shell Companies

Inactive corporations without significant operations or assets may commonly be used to disguise business ownership from government authorities and the public at large. This is a tactic which may often be used for purposes that are spurious—including the evasion of taxes and the illegal siphoning off of money. ......
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RBI Digital Lending Guidelines: Safeguards Borrower Dat...

The Reserve Bank of India ("RBI") released its guidelines on Digital Lending on September 02, 2022 ("Guidelines") for immediate implementation from such date. The Guidelines are applicable to existing customers availing fresh loans as well as any new customers getting onboarded from the date of the circular. ......
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The MeitY’s Guidelines on Data Anonymisation: A Sign of...

India has witnessed a steep rise in digital adoption, culminating in an increased usage of networked payment infrastructures like UPI, coordinated healthcare and vaccination platforms like CoWIN and Ayushman Bharat and the like. At the same time, processing abuse poses privacy risks and other harms at an individual and collective level. ......
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Hostile Takeovers in India – Part 2

The corporate landscape of India has been conservative in its dealings, as outright battles for control are a rarity as far as the field of M&A goes. In a world where most mergers or acquisitions take place on a cordial note, with both sides as willing parties, a hostile takeover would not have been imaginable even after Swaraj Paul’s infamous attempt to takeover Delhi Cloth Mills from the Shri Ram family and Escorts Limited from the Nanda family. ......
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IS YOUR PERSONAL DATA AT A FLIGHT RISK?

Earlier this August (August 8, 2022), the Government of India notified the Passenger Name Record Information Regulations, 2022 ("PNR Regulations") in order to provide a defined framework for collection of specified details relating to international passengers travelling by air. ......
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New M&A Norms for Payment System Operators

Payment and settlement systems are essential for the smooth functioning of financial markets, individual remittances, financial inclusion and growth of the economy as a whole. For this reason, central banks across the globe take a keen interest in their safe and efficient functioning. ......
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The Competition (Amendment) Bill, 2022: A Study on the ...

The Competition (Amendment) Bill, 2022 (Bill No. 185 of 2022) (the "Bill") was introduced in the Lok Sabha on August 5, 2022. It seeks to, "carry out certain essential structural changes in the governing structure of the Competition Commission of India and changes to substantive provisions to address the needs for new age markets," and amend the Competition Act, 2002 (the "Act"), following the circulation of the draft Competition (Amendment) Bill, 2020 and the 2019 report issued by the Completion Law Review Committee. ......