The Central Consumer Protection Authority (CCPA), vide notification dated November 30, 2023, introduced the Guidelines for Prevention and Regulation of Dark Patterns, 2023 (Guidelines) with the aim to regulate and prevent deceptive online behaviours adopted by online platforms. The Guidelines define ‘dark patterns’ as practices or deceptive design patterns practices using user interface or…
The Reserve Bank of India (RBI), on October 31, 2023, issued a circular on ‘Regulation of Payment Aggregator – Cross Border (PA – Cross Border)‘ (PA – CB Directions). The PA – CB Directions mark a significant change from the existing regulatory framework governing the facilitation of cross-border payment transactions for import and export of…
The Securities and Exchange Board of India (SEBI) has introduced certain amendments to and circulars in relation to the SEBI (Foreign Portfolio Investors) Regulations, 2019 which require certain Foreign Portfolio Investors (FPIs) to provide additional disclosures regarding their ultimate ownership, economic interest and control. Pursuant to these amendments, with effect from November 1, 2023,…
On December 19, 2023, the Reserve Bank of India (RBI) issued a circular restricting certain Regulated Entities (Commercial Banks, Co-operative Banks, All India Financial Institutions, and Non-Banking Financial Companies (REs) from making investments in Alternative Investment Funds (AIFs) with immediate effect (Circular). The Circular provides for the following: REs must not invest in AIFs…
In the matter of Shakti Yezdani v. Jayanand Jayant Salgaonkar, the hon’ble Supreme Court of India (Supreme Court), on December 14, 2023, while ruling in favour of the legal heir as opposed to the nominee and confirming the consistent view of courts on the concept of nomination, pronounced that nomination does not amount to statutory…
In the preceding quarter, the following key amendments to the provisions of the Companies Act, 2013 (CA 2013) and the rules made thereunder were passed by the Ministry of Corporate Affairs (MCA): Title Date of Notification Particulars Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 October 27, 2023 Issue of Securities in Dematerialized…
Sanjeev Kumar Sharma was invited to participate in a panel discussion on “Guidelines on Bail Applications issued by Justice Vikram Nath and Justice Rajesh Bindal” on Legally Speaking with Tarun Nangia aired on NewsX. Watch the full discussion below 👇
Our Senior Associate, Shriraj Khambete, and Associate, Naman Jain authored an article titled, ‘Set-Offs During CIRP: Scope and Applicability’, published by BW Legal World. Read the full article here👉 https://bwlegalworld.businessworld.in/article/Set-Offs-During-CIRP-Scope-And-Applicability/25-01-2024-507626/