Karun Cariappa
Karun Cariappa is a Partner in the Corporate and Commercial practice group.
Karun Cariappa is a Partner in the Corporate and Commercial practice group.
The introduction of the regulatory and tax regime for alternative investment funds (AIF) in International Financial Services Centres (IFSC) undeniably defines a crucial epoch in the journey of the alternative investment asset class in India.
The High Court of Madras (Madras HC) has struck down Part II Tamil Nadu Gaming and Police Laws (Amendment) Act of 2021 (Amendment) which had amended the Tamil Nadu Gaming Act 1930 (Act) that had banned all forms of online games with stakes as ultra vires the Constitution of India (Constitution).
SEBI on 6 August 2021 announced several policy changes which should be very positively factored by the financial sponsor community. Set out below is a snapshot of these announced changes, and we will keep you posted on when SEBI announces corresponding updates to the implementing regulations.
The Ministry of Consumer Affairs, Food, and Public Distribution, Government of India (Ministry) notified and made effective the provisions of the Consumer Protection (E-Commerce) Rules, 2020 (E-Commerce Rules) under the Consumer Protection Act, 2019 (Act) from 24 July 2020. Our Ergo on the E-Commerce Rules can be accessed here.