SC Upholds NCLAT View that a Security Deposit may Constitute a Financial Debt in Certain Circumstances
The Supreme Court (SC) in Global Credit Capital Limited & Anr v.
Ergo Update
Female Professionals, Not Being Employees, are Not Entitled to Maternity Benefit: Delhi High Court
In a development that could be significant in developing jurisprudence on the issue of maternity benefits for a female professional, a Division Bench of the Delhi High Court (High Court), in its judgement in the case of Delhi State Legal Services Authority (DSLSA) v Annwesha Deb MANU/DE/2951/2024, held that a female advocate appointed in a professional capacity in an organisation is not entitled to maternity benefits in the absence of an employer-employee relationship.
Sharper Watch: MEITY Introduces Enhanced Security Requirements for CCTV Systems
On 9 April 2024, the Ministry of Electronics and Information Technology (MEITY) amended the Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2021 (CRO 2021). Under the amendment, MEITY has mandated certain ‘essential security requirements’ for Closed-Circuit Television (CCTV) cameras (CRO Amendment).
SEBI (Index Providers) Regulations: A Forward Looking Step
Owing to the mushrooming of passive funds in the past decade coupled with concerns regarding conflict of interest and governance of indices and the fact that market indices are often seen as the barometer of economic growth, it is prudent to govern index providers.
Interpretation of the Scheduled Offence of Criminal Conspiracy Under PMLA – Key Takeaways from Pavana Dibbur
The Supreme Court of India (Supreme Court) in Pavana Dibbur v The Directorate of Enforcement, 2023 SCC OnLine SC 1586, held that the offence of criminal conspiracy will be categorised as a scheduled offence under the Prevention of Money Laundering Act 2002 (PMLA) o
Deciphering the Recently Notified IFSCA (Payment Services) Regulations 2024
On 29 January 2024, the International Financial Services Centres Authority (IFSCA) notified the International Financial Services Centres Authority (Payment Services) Regulations, 2024 (PS Regulations) with the intention of governing and regulating payment services in International Financial Services Centres (IFSC).
ASCI Collaborates with CCPA to Strengthen Advertising Regulation in India - Press Release on ASCI Website
On 26 March 2024, a press release (Press Release) has been made available on the website of Advertising Standards Council of India (ASCI), which indicates that it has forged a strategic alliance with Department of Consumer Affairs (DoCA) to combat the issue of misleading advertisements in India.
Recent Guidelines from DGGI & CBIC on GST Investigations to Enhance ‘Ease-of-Business’
As we approach the seventh year of implementation of the Goods and Services Tax (GST) regime in India, it is clear that its introduction has largely been a success across various parameters. However, one oft-repeated criticism has been against frequent high-pitched, aggressive tax investigations, coupled with frequent cases of multiplicity of investigations by various authorities on same/overlapping issues across various States.
High Stakes Alert: MIB Advisory on Betting and Gambling Advertisements
The Ministry of Information and Broadcasting (MIB) issued an advisory dated 21 March 2024 to endorsers and influencers on social media, social media intermediaries and online advertisement intermediaries regarding surrogate advertisements of offshore online betting and gambling platforms (Advisory).
The Brick to Click Evolution is Here: SEBI notifies the Small and Medium REITs Framework
The Securities & Exchange Board of India (SEBI) on 08 March 2024 notified the much anticipated Small & Medium Real Estate Investment Trusts (SM REITs) regime by way of an amendment (SM REITs Amendment) to the SEBI (Real Estate Investment Trusts) Regulations, 2014 (REITs Regulations).