Corporate Law

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. ......

The Ministry of Electronics and Information Technology ("MeitY") held a public consultation for the proposed Digital India Act ("DIA") on March 09, 2023 and a presentation was released on the broad framework of the DIA . The current regulatory framework that governs the information technology ecosystem consists of the Information Technology Act, 2000 ("IT Act") and the rules framed thereunder, including, the Information Technology. ......

Money laundering has been a major concern for governments and financial institutions around the world for decades. Various methods are used to launder illegally acquired funds, including buying real estate properties, investing in businesses, and moving money through shell companies. ......

Recently, in the case of Sunil Kumar Chandra v. M/s Spire Techpark Private Limited , the High Court of Delhi ("DHC") has held that in case there is inconsistency between two clauses in an agreement, the former clause will have precedence over the latter clause. ......

As former Google CEO Eric Schmidt famously said, "from the dawn of civilization to 2003, five exabytes of data were created. The same amount was created in the last two days." While Schmidt was referring to an event in 2010, with advancements in technology becoming more rapid than ever before, we are arguably living through some of the most exciting times known to humankind, with new kinds of technology shaping up to change every aspect of our lives. ......

In furtherance of its endeavour to review the regulatory norms on alternative investment funds (“AIFs”), the Securities and Exchange Board of India (“SEBI”), on February 3, 2023, issued five consultation papers containing such proposed alterations. Each such consultation paper discussed one proposed aspect of review—detailing the objective, background, issues for consideration, and proposal in relation thereto. ......

“With great influence, comes great responsibility” – this slightly modified adage, was used in the self-regulatory Guidelines for Influencer Advertising in Digital Media (“ASCI Guidelines”), published by the Advertising Standards Council of India. Building upon this principle, the Department of Consumer Affairs has now released a binding guide on the disclosures. ......

The Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Union Budget 2023-24 ("Budget") in the Indian Parliament on February 01, 2023. The Budget is centered around opportunities for citizens with special focus on youth, growth and job creation and strong and stable macro-economic environment. ......