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Ergo Update

SEBI’s consultation paper on AI/ML Guidelines: Reconciling innovation with investor protection

Submitted by yvonne on Tue, 06/24/2025 - 01:14

In light of increased adoption of artificial intelligence (AI) and machine learning (ML) technologies by market participants, on 20 June 2025, the Securities and Exchange Board of India (SEBI) issued a consultation paper titled “Guidelines for Responsible Usage of AI/ML in Indian Securities Markets” (Paper).

Interpreting assignment in perpetuity: Bombay High Court clarifies the scope of assignment under copyright laws pre and post the 2012 amendments to the Copyright Act, 1957

Submitted by yvonne on Mon, 06/23/2025 - 11:46

In Rupali Shah v Adani Wilmer & Ors, 2025:BHC-OS:8516 a single-judge bench of the Bombay High Court clarified how pre-1970 music-assignment contracts ought to be interpreted in the digital streaming era.

Key takeaways from the Reserve Bank of India (Lending against Gold and Silver Collateral) Directions, 2025

Submitted by yvonne on Thu, 06/19/2025 - 22:31

The Reserve Bank of India (RBI) issued the Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025 (Gold/Silver Collateral Directions) on 6 June 2025. Loans against the collateral of gold and silver jewellery is a rapidly growing segment amongst regulated entities.

Decoding the Registration Bill, 2025

Submitted by yvonne on Wed, 06/11/2025 - 22:36

The Registration Act, 1908 governs the registration process in India and plays a pivotal role in India's property law regime by way of mandating the registration of certain classes of documents along with the procedure for registration, which is instrumental in enhancing in reflecting its legal validity, authenticity, and evidentiary reliability.

Impetus to GCCs in India: Uttar Pradesh releases its final GCC Policy

Submitted by yvonne on Wed, 06/11/2025 - 15:11

Following states such as Karnataka and Andhra Pradesh in the race to entice multi-national corporations to establish Global Capability Centres (GCCs) in their states, the Government of Uttar Pradesh through a notification dated 7 May 2025, has given effect to the ‘Uttar Pradesh Global Capability Centres Policy 2024’ (Policy), a copy of which has now been published on the official website of Invest UP, Government of Uttar Pradesh, India.

Fourth amendment to IBBI CIRP Regulations, 2016: Saving time, increasing transparency and facilitating resolution

Submitted by yvonne on Wed, 06/11/2025 - 12:11

The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) in 2016 has been hailed as a transformative step in the Indian financial landscape as it has inculcated severe discipline in the credit allocation process and persuaded the borrowers to strictly adhere to the payment schedules.

E-Forms, key extracts, elaborate disclosures on Prevention of Sexual Harassment, and disclosure on Maternity Compliance and Employee Demographics: MCA’s amendments to Accounts Rules

Submitted by yvonne on Tue, 06/10/2025 - 22:28

Through a notification in the Official Gazette on 30 May 2025, the Ministry of Corporate Affairs, Government of India (MCA), has brought about the Companies (Accounts) Second Amendment Rules, 2025 (Amendment Rules).