Technology, Media and Telecom

On August 10, 2023, the National Company Law Tribunal, Mumbai ("NCLT") greenlit the merger of Zee Entertainment Enterprises Limited ("Zee") with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India) ("Sony") (hereinafter referred to as the "Zee-Sony Merger"). Following the merger, the resulting entity will be the second largest entertainment network after Disney Star. ......

On July 31, 2023, the Parliament of India, gave green light to the Cinematograph (Amendment) Bill, 2023 (the "Bill") to amend the Cinematograph Act, 1952 (the "Act") and the Bill received the President's assent on August 4, 2023. The Cinematograph (Amendment) Act, 2023 (the "Amendment Act") has been passed after numerous versions and revisions of the draft bill, bringing long sought respite to film producers in the country. ......

With the world available at your fingertips 24 hours a day and access to an estimated 1.13 billion websites available in the public domain, consumers are spoiled for choice. In the modern-day equivalent of the space race, engagement is the name of the game, with entire teams dedicated to creating the most addictive and easy-to-use platforms and applications. ......

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. ......

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. ......

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. ... ...

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. ......

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. ......