BulletinBoard

Is this a contingent contract or a contract that becomes impossible to perform because of an intervening event beyond the control of the parties? The SC recently delved into the applicable provisions of the Indian Contract Act relating to these concepts. Subhashini Narayanan discusses this landmark case, its facts and the judgment in detail.

In this post, Atulaa breaks down the COVID-19 Regulatory Package announced by the RBI.

Our Partner, Samheeta Rao will be in conversation with Satyam Vyas, Founder of Arthan. Join them on Thursday, May 21, 2020 as they discuss the evolving employment law landscape, and what it could mean for social enterprises of different hues

No Song No Movie: An analysis of the Consumer Court’s decision on ‘Unfair Trade Practice’ and ‘Deficiency’ under Indian Consumer Law

EPFO circular on the procedure for initiation of inquiries

In this bulletin board, we look at the steps taken by the RBI to virtual currencies

In this article, we look at the recent move by Google to remove 3rd party cookies and the implications that this will have on the industry as a whole.

 The Government of India has promoted Digital Payments over multiple initiatives in the past few years, one of which was an announcement in the Finance Minister’s Budget Speech 2019, removing the M...

In this post, we cover and examine the effect of the changes introduced by the RBI with regards to digital KYC and whether these changes are the way forward for the digitization of KYC or if the RBI just played it safe in this regard.

Stamping of arbitration agreement to be done in the state where arbitration will take place: Bombay High Court

RBI opens applications to its first cohort under the Regulatory Sandbox

Bulletin Board: Whatsapp Draws Flak For Not Complying With Data Localization Norms Set By RBI

Bulletin Board- MCA proposes to extend the period of exemptions available to registered startups!

What Companies and Independent Directors should know about MCA’s new compliances for the appointment of Independent Directors

Not sure why your trademark application got rejected? Read how this decision of the Delhi High Court might be of help to you!

Legality of rummy for stakes to be decided on case to case basis: Kerala High Court

Know what the SC held on a labour court’s authority to order investigations into a labour dispute

Timelines for dealing with startup grievances laid down by the CBDT

The do’s and don’ts for the NCLT to order investigations into a company’s operations.

Regulating the Regulator; Here’s what the RoC needs to follow while regulating the compliant entities

EU endorses duty of social media platforms to monitor content prior to receipt of takedown notice

Delhi High Court grants relief from payment in lieu of notice for Resignation!

Central Government launches “Faceless e-Assessment” for Income Tax payers; aims to improve efficiency, accountability and transparency

Relief for poker players in West Bengal. “No police interference in poker games in WB” rules Calcutta High Court

What you need to know about Twitter’s New Financial Scam Policy

Regulation of Intermediaries: Untangling the web of petitions and Understanding the Supreme Court’s latest directions to the Centre

Income Tax Act amended for corporate reforms; Will this be enough?

No more delay in resolution of failed transaction, RBI reduces Turn Around Time

Social Media Platforms and their responsibility to curb the spread of fake news

The Government amends CSR provisions to boost R&D-Here's how!

The Kerala High Court just ruled that the Right to Access Internet is part of the Right to Life under Article 21-Here's why!

No Internal Complaints Committee? Pay compensation of ₹ 25 Lakhs – orders MP High Court

Why the RBIs proposal to directly regulate payment gateways and aggregators may do more harm than good.

A primer on the key changes introduced by the Foreign Contribution (Regulation) (Second Amendment) Rules, 2019

No Dhagala Lagali in theatres? Here’s the reason why Delhi High Court restrained Balaji from using it in Dream Girl

Why GoI's new measures on IPR filings and fees amount to mere tokenism! Read here to understand our take on these measures

Why the Miss India Trademark infringement case reinforces the importance of registering trademarks?

No Withholding Tax on foreign arbitral awards: Delhi High Court

Resolution of trademark infringement dispute by Mediation- Delhi High Court Mediation Centre

Relief of specific performance not available if the party has not fulfilled its obligations: Supreme Court of India

California passes landmark bill to treat workers of mobile application-based companies as employees. Will India follow suit?

Insolvency proceedings can be initiated against companies whose names have been struck off from the Register of Companies

NCLAT allows Promoters, shareholders of corporate debtors to settle insolvency under Section 12A of IBC

NCLT to exercise its discretion to dispense the matters related to meetings of shareholders & creditors in a scheme of amalgamation/arrangement: NCLAT

Delhi High Court reiterates that an online intermediary has to act on a complaint against an infringing content

Auditors of certain categories of companies will need to make new filings with the NFRA.

Offences related to weight or measure covered under Legal Metrology Act cannot be covered by IPC: SC

Health Data under NDHB should be protected under the Personal Data Protection Bill: IAMAI

Arbitration and Conciliation (Amendment) Act, 2019 notified by the Central Government

All CBDT circulars on angel tax consolidated

MCA modifies forms companies need to file for changing their financial year

Failed Acquisition Deal- can one of the Parties be stopped from launching a product similar to the other party? – Bengaluru City Civil Court

Termination of service of a trainee/probationer does not fall within scope of Retrenchment– Delhi High Court

Ease of FDI Policy for Single Brand Retail and Digital Media Entities. Read on to know more about the changes in FDI Policy.

The CBI can investigate cases relating to the Foreign Contribution (Regulation) Act, 2010– Delhi High Court. Read on to know what the Delhi High Court has held.

Employers to pay full back wages in cases of wrongful termination – The Supreme Court of India

Can directors be criminally liable for the actions of the company or its employees? Read on to understand what the Supreme Court has held.

Use of generic terms, even if they are trademarked, along with a prominent brand name does not violate trademark – Bombay HC

Transfer of Shares not to Attract Surcharge – Ministry of Finance

Central Government announces scheme where taxpayers can settle pending Service Tax and Central Excise disputes without any prosecution

CBDT clarifies position on tax holiday for small start-ups

Karnataka Government notifies rules governing creche facility under the Maternity Benefit Act- Children of employees to be supervised by trained professionals in an employer-provided creche.

Delhi HC Rules on Internet Based Trademark Infringement

Appointed Date of Mergers Can be Delayed on Occurrence of a Pre-Decided Event - MCA

Introduction of Digital KYC for verification by banks and intermediaries

Delhi High Court restricts websites from illegally streaming the contents of Warner Bros. studios

Dishonest Adoption of Well-Known Marks Not Allowed – Delhi HC

Liquidation Assets excludes Pension Fund, Provident Fund and Gratuity Fund dues: NCLAT

Age of Child Must Be Proved to Convict a Person for Employing Child Labour – Allahabad HC

A Re-Do of Laws Governing Investment Instruments – Companies (Share Capital and Debentures Amendment) Rules, 2019

All companies to issue/transfer Securities in Demat Form

Central Government Given Power to Initiate Proceedings Against Directors who are not “Fit and Proper”

Ministry of Health and Family Welfare introduces draft bill to make use of Quick Response Code mandatory for all "active pharmaceutical ingredient" manufactured or imported in India

High Level Committee Report on CSR: Recommends Removal of Criminal Liability among other changes proposed

IBBI reiterates that only a valuation done by a registered valuer will be deemed to be legal for the purposes of a corporate insolvency resolution process. A valuation done by any other valuer shall be deemed illegal.

CBDT issues clarifications for filing Income Tax Returns. We track this story in the second story of Bulletin Board today.

“Vistara” Is A well-known mark, rules Delhi HC

Non-Signatory Group Companies can be bound to Arbitration – Supreme Court

A company’s former auditors can be banned for fraudulent acts

CBDT simplifies tax assessment for Start-ups

#Bulletin Board - Karnataka HC decides not to regulate content on Netflix, Amazon Prime Etc.

#BulletinBoard - RBI introduces new digital payment fraud registry to monitor fraudulent transactions

#Bulletin Board - CBDT increases monetary limits for filing Income Tax appeals

Trademark Infringement – Decision of Delhi HC in case of use of deceptively similar mark in the area of IT Services.

New procedure of detection of prohibited substances adopted by the Court of Arbitration for Sport

Termination of service is necessary for forfeiture of gratuity by employer – Bombay HC

Highlights of the Consumer Protection Bill, 2019 (Passed by the Parliament) • Trademark Infringement - Remedy of “Passing Off” not restricted due to alternate remedy available under the Companies Act, 2013 – Delhi HC • Test for establishing criminal liability in case non-adherence to injunction order for trademark infringement – Supreme Court

Draft E-Commerce Guidelines for Consumer Protection 2019 proposed by the Ministry of Consumer Affairs • Infringement of Trademarks – Principles to be followed for preventing release of films having similarity to other marks – Delhi HC • KYC of Directors under the Companies Act, 2013 – Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2019 (Notified on August 05, 2019)

Key takeaways from the Companies Amendment Act, 2019 • Karnataka temple employees not entitled to claim gratuity: Karnataka HC • Copyright Infringement – Defendants to be allowed to know the copyright to defend themselves: Delhi HC

HCs with jurisdiction in the venue of arbitration shall appoint arbitrators: SC ● RTI Amendment Bill, 2019 passed by the Rajya Sabha ● Amendment introduced to Appointment and Qualifications of Directors Rules

NCLT empowered to pass ad-interim orders prior to admitting insolvency application: NCLAT ● Workers who are permitted to work off-site are considered employee under EPF Act: SC ● Maternity incentive scheme to be administered through EPFO

Purchase of minority shareholding to be done only in specific events: NCLAT ● Disciplinary Proceedings initiated by IBBI to not be quashed by NCLT: NCLAT ● Draft Rules regarding duration of license notified under Drugs and Cosmetics Rules

Prasar Bharti prevented from using “DISH” for its DTH services: Delhi HC● Daily Wage Employees appointed on temporary basis cannot ask for regularization: Madras HC

Courts should enforce the terms of Arbitration Agreement and not recast it: Delhi HC ● No back wages for employees who were absent without employer’s authorization: SC ● Costs imposed on woman for false sexual harassment complaints: Del. HC

Cabinet approves amalgamating 13 labour legislations and more ● Kar HC upholds enforceability of the SARFEASI Act in certain cases● Non-Banking Financial Institutions are outside the purview of IBC: NCLAT

E-Commerce Platforms restrained from advertisement and sale of direct selling entities’ products: Delhi HC ● Ministry of Electronics and Information Technology incentivizes low value transactions through minimum KYC wallets ● Special Economic Zones Act amended to allow trusts to set up units

Aadhar (Amendment) Bill passed by the Parliament to regulate biometric data use ● Inter-Ministerial Committee set up to analyse trading in crypto currencies ● Casino Regulation amended to allow casinos up to 3 KM from Nepal’s international border

Non-signatory affiliates of foreign companies not bound by the arbitration agreement executed by the foreign company: SC ● A liberal view must be taken before a case is dismissed for delay in filing revision petitions: SC ● No injunction can be made preventing the advertising of a generic product: Delhi HC

Bom HC: Plaintiff can claim for interim injunction even in the pendency of registration of assignment of Trademarks ● Tamil Nadu Government allows online transactions for application under Tamil Nadu Contract Labour (Regulation and Abolition) Rules, 1975

Unless ex-personnel, unrelated parties have no obligations to furnish any information under IBC: NCLT ● Government of India launches new portal for registering complaints against misleading advertisements ● MCA amends the Companies (Significant Beneficial Owners) Rules, 2018

Bombay HC: Dream 11 does not amount to gambling, not a game of chance(●)MCA: LLP Act may be amended to keep check on shell companies

Karnataka Government eliminates renewal of registration under Shops and Commercial Establishment Act ● CCI will conduct a study on E-commerce market ● MCA: E-ACTIVE temporarily suspended for tagging non-compliant Companies

Bombay HC: Retirement cannot be used as an immunity against disciplinary actions for misconduct during employment (●)DSCDRC: “Informed Consent” from patient includes knowledge of consequences of surgery (●)Karnataka to amend State Startup Policy according to the Central Startup Policy

Rate of ESI contribution reduced by the Government to benefit Employers and Employees● SEBI moves Apex Court against NCLT order proclaiming overriding effect of IBC over SEBI ● Delhi HC directs Trademarks Registry to mandatorily send notices prior to trademark removal from Register

MCA amends the CSR provisions of the Companies Act, 2013 ● Delhi HC restrains sixty platforms from audio streaming World Cup 2019 ● DPIIT agrees to State’s request to extend deadline for Startup Ranking till September

MCA notifies the Companies (Incorporation) Sixth Amendment Rules, 2019 (●)Madras HC: No exploitation of Ilaiyaraja’s songs without his consent (●)RBI releases prudential framework for resolution of stressed assets

NCDRC orders compensation of ₹ 2 Lakhs for manufacturing defects in product in spite of the product being covered by warranty ● NGT directs FSSAI to constitute a committee to determine the subject of restriction of plastic packaging ● NCLT not the appropriate authority to determine a corporate as insolvent

Delhi State Commission awards 25 Lakh to victim of Medical Negligence ● Delhi HC holds PolicyBazaar liable for concealment of material facts in a suit for trademark infringement

Delhi HC: Generic trade terms must be proved to be generic with respect to the particular product under trademark law ● DPIIT seeks to amend Copyright Rules to improve access to digital content

NCDRC: A doctor is vicariously liable for the acts of team members ● Suits in relation to passing off of registered design as trademarks will be maintainable at present: Delhi HC ● MCA notifies the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2019

Delhi HC denies interim blocking of online gambling and betting websites ●Exclusive jurisdiction of the NCLT to try all company matters including contentious and complex issues: NCLAT ●Without any justification, employees set to retire within one year must not be transferred: Raj HC

MCA notifies the Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2019 ●Existence of tortious claims is not a ground to permit a party to opt out of arbitration ●Generic terms and expressions as part of registered trademarks not entitled to exclusive monopoly over usage under Section 28 of the Trademark Act

MCA notifies the Companies (Incorporation) Fifth Amendment Rules, 2019 (●) MCA issues clarification on e-Form ADT-1 filed through GNL-2 under the Companies Act (●) Internet broadcasting organisations not entitled to the benefits of a Statutory License under Section 31-D of the Copyright Act

MCA to prescribe new format for annual return filings by auditors (●) Commercial Courts are not required to allow late filing of documents without good-cause: Delhi HC (●) Unilateral alteration of a contract through an arbitral award is against the basic notion of justice: SC

Form AGILE likely to be revised with effect from May 05, 2019: MCA ● Violation of TikTok’s undertaking to remove inappropriate materials would amount to contempt of Court: Madras HC ● Bombay HC grants ex-parte interim injunction for copyright infringement of a sound recording● New income-tax relaxations proposed to help start-ups raise funds: DPIIT

Unskilled and semi-skilled workmen cannot be reclassified on the basis of their experience: SC ●MCA extends time limit for directors to file their KYC with the Central Government ●MCA amends penalties for late filing of forms under the Companies Act, 2013 with effect from August 1, 2019

MCA extends time to file E-Form ACTIVE till June 15, 2019 ●Trade Unions can also function as operational creditors under IBC: SC ● Certain categories of Medical Devices to be filed with the State Licensing Authority and not the Central Licensing Authority.

MCA requires companies to make one time disclosure of all loans that are not deposits ●Delhi HC issues injunction not only on websites, but also against similar ‘mirror’ websites for copyright infringement ●Majority of all start-ups have received angel tax relief from the DPIIT and CBDT

Courts cannot adjudicate arbitration matters if contract is inadequately stamped: SC ● The principle of Res Judicata applies to labour and industrial proceedings: SC ● Passports cannot be suspended solely on the grounds of non-appearance in investigation proceedings under FEMA: Delhi HC

Shape of goods may form an element of a trademark: Calcutta HC ● Private entities are duty bound to make their facilities friendly to differently-abled: Gauhati HC

Due Date for filing e-form CRA-2 extended up till May 31, 2019: MCA ● Interim relief may be granted even if the contract containing the Arbitration Clause is inadequately stamped: Bombay HC ● Contracts are not binding if the executing party had no option but to agree with the offered terms: SC

SC quashes RBI’s Feb 12 notification that directed banks to initiate insolvency proceedings if debt is not resolved within 180 days ● Municipalities’ employees are entitled to gratuity under the Payment of Gratuity Act, 1972: SC● WIPO launches AI based image search option for identifying similar logos.

Employee not entitled to back wages on acquittal, unless prosecution was malicious: SC ●SC quashes Pension (Amendment) Scheme, 2014 which capped pensionable salary at ₹ 15,000 a month ● Delhi High Court rules there is no generic disparagement by Emami’s Fair and Handsome brand of skin cream

Copyright Directive for the digital single market passed by the European Parliament ● New e-Form AGILE links GSTIN, ESIC, and EPFO to the Company incorporation application ● Contractually agreed upon Arbitrator appointment procedure to be the first resort for the Courts: SC

PF, Pension, and Gratuity due to employees cannot be used by debtor to settle with its creditors: NCLT ● Delhi HC bans firms selling Patanjali products as their actions violated Patanjali’s trademarks ● There is no time limit for completing a serious fraud investigation: SC

Social media platforms present voluntary Code of Ethics ● Writs on contractual matters maintainable where the State acts arbitrarily: SC

Delhi High Court stays a ban on Electronic Nicotine Delivery Systems ● Whatsapp and NASSCOM announce a join-initiative against fake news and misinformation ● Gujarat High Court adjourns Poker appeal to 20th June, 2019

Karnataka increases consumer price index. Will impact employee’s dearness allowance ● Labour ministry reiterates that ceiling of gratuity has been increased from ₹10 Lakh to ₹20Lakh ● Labour Ministry notifies the Payment of Bonus (Amendment) Rules, 2019 filings to be done electronically ●Del HC restrains entity from airing false and misleading advertisements

RBI prohibits online movie booking platforms from levying “internet handling fee” ● Delhi HC rules that no anti-arbitration injunction to be awarded unless the proceedings are vexatious or oppressive

MCA issues National Guidelines on Responsible Business Conduct ●Cabinet approves National Policy on Software Products - 2019

Haryana announces single annual return form for all labour laws ●Twitter clamps down on political ads. Political parties need to register with Twitter to run any political ads ●Del HC grants permanent injunction for trademark infringement in an ex-parte hearing ●Director liable for dishonor of a cheque issued by a company: SC

Startups that received notices will also be exempt from angel tax if compliant with DPIIT Notification● Assessee liable to prove that share premium is not unaccounted money: SC● Companies with nominal share capital of INR 15 lakhs need not pay any application fee for incorporation

ASCI pulls up advertisers for violating celebrity endorsement guidelines ● New Delhi gets a new International Arbitration Centre ● SEZ Ordinance allows Trusts to seek establishment of units in SEZs

SC reiterates that special allowances will form part of “basic wages” for the purpose of PF if it is not in the nature of variable pay ● Govt promulgates Aadhaar Ordinance: Aadhaar can now be used for obtaining a SIM card or opening a bank A/C

DPIIT publishes draft e-commerce policy ●Companies to submit details about the company to the RoC by April 26 ●CBDT seeks details of startups with angel tax notices ●GoM recommends uniform GST rate for lotteries ●Venue of arbitration cannot amend intention of parties vesting exclusive jurisdiction to a particular court

NCLT carves out an exception for applicability of Limitation Act to Insolvency Application ● Rule prohibiting companies and partnership firm not formed for the specific purpose of valuation from conducting valuation is constitutionally valid: Delhi HC ● Legality of Fantasy Sports can be decided by state governments: Central Government

●DPIIT accepts working group demands on angel tax. ●Non-parties to an arbitration agreement cannot be made parties to an arbitration: Delhi HC● Claim for gratuity beyond the prescribed limit is not beyond the scope of the PG Act:Delhi HC ●Guj HC adjourns appeal pertaining to legalizing poker

• Linking of PAN with Aadhaar is mandatory: SC • Provisions of POSH Act available in addition to other legal remedies • Delhi HC seeks Centre’s reply in an application seeking implementation of order banning sale of medicines online

Govt to set up working group to find solution for angel tax conundrum ● Directors who receive remuneration are also employees under ESI: SC ● NCLT cannot look into the justness of rejecting a resolution plan under IBC: SC ● Delhi HC awards compensation of INR 3.85 crore for continued trademark infringement

• Government to launch pension scheme for workers of the unorganized sector • Ministry of Corporate Affairs repeals Companies Act, 1956 • Availing maternity leave cannot defeat the right to undertake the examination: Delhi HC

● Online submission of Literary/Dramatic and Artistic Work and related documents now permitted ● Government directs Google and Facebook to remove fake content on food quality ● Google fined USD 56.8 million by French regulator for violating GDPR ● Private Hospitals Are Covered Under Payment of Gratuity Act: Kerala HC ● Supreme Court on doctrine of ‘notional extension’ of employment ● No Sales Tax can be levied on medicines, implants, consumables, surgical tools used in medical procedures: Kerala HC

• Delhi HC: Price escalation and change in foreign law are not force majeure events • Drone Policy 2.0 to bolster the growth of drones in the country

• Centre ease Angel Tax Exemption Rules •RBI Eases External Commercial Borrowing Norms •Delhi HC’s Latest Order on Personality Rights

●Shashi Tharoor introduces private member bill to regulate online gaming ● Social media platforms required to delete misleading information within 24 hours: MeitY ● RBI to review WhatsApp adherence to data localisation norms ●Amazon, Flipkart seek extension on Feb 1 deadline for implementing amended FDI Rules

●Indian Private Equity & Venture Capital Association submit proposal to CBDT and DIPP to resolve angel tax issue ● India's online sellers to appeal against CCI’s ruling on Flipkart’s abuse of dominant position

• Drug Regulator initiates proceedings against Snapdeal for selling Schedule H drug • Delhi HC ban on Online Sale of Medicines through E-pharmacies to continue.• RBI allows tokenization of card transactions, even for third party apps

• SC holds that teachers cannot claim gratuity under Payment of Gratuity Act • SC reiterates that grant of specific relief is discretionary and equitable but after fulfilling certain requirements • UGC invites applications for online degrees by certain universities •

• SC confirms that a former employee is not disqualified from acting as an arbitrator • DIPP reiterates e-commerce firms cannot own or control inventories and e-commerce entities plan to seek an extension for the deadline to implement amended rules

● SC - Retrenched employee cannot claim re-employment at the time of regularization of an existing employee ● Madras HC stays ban on online sale of medicines. ● Kerala HC - Maternity Benefits cannot be denied to contractual employees ● Small Restaurants file petition before the CCI against Swiggy, Zomato, and others for alleged misuse of Dominant Position.

Government amends e-commerce policy ● Ministry of Home Affairs' order for surveillance challenged in the Supreme Court ● Personal Guarantor’s right of subrogation can be taken away through a resolution plan: NCLAT

• CBDT clarifies position on Angel Tax • India subs of US Co.s to submit financial data by December 31 every year • BCCI's authority to be representative body for Indian Cricket challenged in a petition before Madras HC

1. Delhi & Madras HCs direct Centre Government to restrict sale of medicines by E-Pharmacies 2. Winding Up cases pending in HCs, under SICA, to be transferred to NCLT: SC 3. MCA extends last date for form filing, notifying particulars of auditors

1. Due Date for filing GST Annual Return extended till 31st March 2019 2. RBI considering introduction of Live Video Authentication as an alternative to AADHAAR e-KYC 3. SEBI is planning to relax certain Listing Norms for Start-ups

1. NCLAT rules that legality of foreign decrees cannot be decided by NCLT 2. CCI cannot investigate Airtel, Idea, Vodafone: SC 3. DIPP holds discussions on draft e-commerce policy

1. Supreme Court decides Section 25F of the Industrial Disputes Act will not be applicable to employees who voluntarily abandon their service 2. E-Commerce companies to not collect the tax from suppliers with annual turnover less than Rs 20 Lakhs 3. Government, RBI looking to introduce QR code AADHAAR for electronic-know your customer purpose (“e-KYC”)

(1) Employer has the right to consider the antecedents of the employee even after disclosure of pending criminal case (2) IT Department amends PAN Card Rules to tackle tax evasion (3) Government increases grant to encourage adoption of EVs

(1) Draft Data Privacy Bill: Data localization not necessary: says EU (2) Parties push government to issue a cryptocurrency policy (3) Ola plans to go electric: May help government meet its 2030 EV goals

(1) PCB’s claim against BCCI for failure to play bilateral series denied by ICC (2) McDonald’s franchisee made illegal profit by denying benefit of GST (3) Companies not reporting data breaches may have to pay hefty fines (4) Government having meetings with social media companies to tackle misinformation

In a very important judgment for e-commerce market places in the country, the Delhi High Court (“Court”) in the case of Christian Louboutin SAS v Nakul Bajaj and Ors. has clarified the role and responsibility of online intermediaries.

(1) Government promulgates ordinance to amend the Companies Act, 2013 (2) Competition Commission rejects price fixing claims against Ola and Uber (3) SIDBI will start rating venture capital firms. Will provide funding on the basis of the rating

(1) MCA notifies the commencement of National Financial Reporting Authority (2) NPCI restricts the number of peer to peer transactions to 10 per day (3) Drug Controller Sends notice to major E-Commerce websites for selling spurious cosmetics (4) Is royalties “copyright” within the meaning of the Copyright Act, 1957? Calcutta High Court order in Vodafone-IPRS case raises this question (5) ‘Right to Sit’ for employees in Kerala (6) DoT asks telecom companies to stop Aadhaar based re-verification

(1) Delhi HC rules that NCLT has exclusive jurisdiction over company law matters (2) Lottery can be taxed under GST, rules Calcutta HC (3) MeitY asks sectoral regulators to define ‘Critical Data’

In this edition of the Bulletin Board we cover “Petition filed in Delhi High Court for regulation of content on web streaming services”, “Supreme Court reiterates that the court deciding a petition under Section 34 of the Arbitration Act has no jurisdiction to remand the matter back to the arbitrator”, “No Intellectual Property Right in Customer Lists: Delhi High Court Judgment favouring employees”

In this edition of the Bulletin Board we cover “Supreme Court orders assessment of “Live Transcription” technology for recording evidence”, “Supreme Court holds that Specific Performance with respect to Developer Agreements can be availed by the Developer” and “President of India approves new Telangana law to include online rummy within the ambit of dangerous games.”

In this edition of the Bulletin Board we cover “Supreme Court holds that for specific performance of a contract, plaintiff has to prove his readiness and willingness to perform his part of contract throughout”, “Supreme Court directs the Reserve Bank of India to inform its plan of lowering the floating rates for loans to the advantage of consumers”, “Bombay High Court issues Notice to the Central Government over a Public Interest Litigation seeking regulation of web content.”

In this edition of the Bulletin Board we cover “Supreme Court appoint arbitrator for term sheet dispute”, “Supreme Court upholds validity of GST (Compensation to States) Act, 2017”, “NSE to test E-Voting using blockchain technology”, and “Trump administration sues California over its net neutrality law”

In this edition of Bulletin Board we cover “Supreme Court upholds the validity of the Aadhaar Act, 2016”, “Supreme Court allows live streaming of cases of constitutional importance” and “Cabinet approves the National Digital Communications Policy 2018 and re-designation of the Telecom Commission as the Digital Communications Commission”.

In this edition of the Bulletin Board we cover “Gujarat High Court strikes down GST provision denying transfer of excise duty credits on goods purchased prior to June 30,2016”, “Bombay High Court imposes fines on pharma companies for repeated infringement of copyright and selling illegal drugs” and “CBDT extends date for filing IT returns and audit reports from September 30, 2018 to October 15, 2018”

In this edition of the #Bulletin Board we cover “Supreme Court Rules that back wages cannot be claimed as right on reinstatement of service”, “MCA Notifies the Commencement of Section 37 of the Companies (Amendment) Act, 2017” and “Copyrightability of film titles: Delhi High Court advises producer bodies to consider framing guidelines”.

In today's edition of #BulletinBoard we cover “Supreme Court rules that arbitration must be prioritised if a contract provides for multiple dispute resolution mechanisms”, “NCLT seeks clarity from IBBI on whether corporate debtors may initiate corporate insolvency resolution proceedings against defaulters”, and “SEBI caps the maximum Total Expense Ratio that mutual funds may collect from investors”

In this edition of the Bulletin Board we cover “Supreme Court Rules that Stamp Duty Not Necessary for Enforcement of Foreign Arbitral Awards”, “MCA Notifies the Commencement of Sections 66 to 70 of the Companies (Amendment) Act, 2017”, “MCA Notifies the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2018”, and “The Central Board of Indirect Taxes and Customs Notifies October 1 as the Date for Implementing the TDS and TCS Provisions under the GST Law

On today's edition of #BulletinBoard we cover “Allahabad HC on Applicability of IBC on Power Sector”, “Delhi HC on Jurisdiction for Trademark Infringement”, and “Delhi HC on Oral Agreements Superseding Arbitration Agreements”.

On today's edition of #BulletinBoard we cover “Drone Regulations”, and “Madras HC on Defensive Registration of Trademark”.

On today's edition of #BulletinBoard we cover “NCLAT Admits Cyrus Mistry’s Appeal”, “Supreme Court on Sale of Property by Karta”, “Supreme Court on Appointment of Arbitrator”, and “Committee on Review of Penal Provisions of Companies Act, 2013 Submits Report”.

On today's edition of #BulletinBoard we cover “Supreme Court on Discharge of Decree”, “Supreme Court on Section 34 of Arbitration Act”, and “Supreme Court on Sports as a Fundamental Right”.

On today's edition of #BulletinBoard we cover “President Gives Assent to IBC Amendment “, “Supreme Court on IBC 2016”, “Kerala HC on Penalty and Detention Under CGST Act”, and “Mandatory Disclosure of Compliance With Sexual Harassment Act”.

On today's edition of #BulletinBoard we cover “SC on Subordination of Single Judge Benches to Division Benches”, and “CBIC Mandates Due Dates for Filing Monthly and Quarterly GST Returns”.

On today's edition of #BulletinBoard we cover “CCI Approves Walmart-Flipkart Deal”, “SC Approves new BCCI Draft Constitution”, “SC on Period of Limitation in Arbitration and Conciliation Act, 1996”, and “Kerala HC on Transferability of Properties During Dissolution of Partnership”.

On today's edition of #BulletinBoard we cover “Madras HC on Disqualification of Directors”, “MCA Notifies Amended Private Placement”, and “No Reverse Charge on Supply of Goods and Services by Unregistered Person.”

On today's edition of #BulletinBoard we cover “Mistry Moves NCLAT Against Removal from Tata Sons”, “NCLT Allahabad on Homebuyer as Financial Creditor”, and “TRAI on Foreign Telecom Equipment”.

On today's edition of #BulletinBoard we cover “New NCLT Bench in Kochi”, “Insolvency Code Amendment Approved in Lok Sabha”, and “Karnataka High Court on Illegal Consideration in a Contract”.

On today's edition of #BulletinBoard we cover “SC on Clauses to Prevent Disputes in Agreements”, “SC on S. 34(5) of Arbitration Act”, and “SC on Benefit of Ambiguity in Tax Exemption Notification”.

On today's edition of #BulletinBoard we cover “Justice Srikrishna Committee Submits Draft Data Privacy Bill”, and “Notification of Provision of Prevention of Corruption (Amendment) Act, 2018”.

On today's edition of #BulletinBoard we cover “Parliament Passes Specific Relief Amendment Bill 2018”, “Lok Sabha Passes Amendment to Negotiable Instruments Act, 1881”, “TRAI Asks Operators to Employ Blockchain for Controlling Spam.”, “Delhi HC Orders CBDT to Allow IT Assesses to Opt Out of Aadhar – PAN Linkage”.

On today's edition of #BulletinBoard we cover “GST Council Extends Migration Windows for Taxpayers, Simplifies Process for Filing GST Returns”, and “NAA Directs Audit of E-Commerce Companies”.

On today's edition of #BulletinBoard we cover “Government Likely to Withdraw FRDI Bill”, “Cabinet Approves Insolvency and Bankruptcy (Amendment) Bill, 2018”, “Lok Sabha Approves Fugitive Economic Offenders Bill”, and “Introduction of Bill to Check Unregulated Deposits”.

On today's edition of #BulletinBoard we cover “NCLT Chennai on LLP Merging with Pvt. Ltd. Company”, “CBIC Starts Third GST Refund Fortnight”, “TRAI on Ownership of Data”.

On today's edition of #BulletinBoard we cover “NCLT Gets 12th Bench in Cuttack”; “Commencement Notification for Sections 75, 76 of Companies (Amendment) Act, 2017”; and “MCA Constitutes Committee to Review Offences under Companies Act, 2013”.

On today's edition of #BulletinBoard we cover “CBDT and CBIC Raise Threshold Limit for Filing of Appeal ”, “Justice Srikrishna Committee to Table Data Protection Bill”, and “Delhi HC on Frustration of Contract”.

On today's edition of #BulletinBoard we cover “Delhi HC on Dishonour of Cheques for Sale Deeds”, “RBI Likely to Extend Deadline for Filing of Single Master Form”

On today's edition of #BulletinBoard we cover “MCA Amends Companies (Registration Offices and Fees) Rules, 2014”, “Cabinet Accedes to WIPO Treaties ”, “NCLT Rejects Cyrus Mistry’s Petition Against Tata Sons”, and “Jharkhand Government to Set Up VC Funds”.

In today's #BulletinBoard we cover the Law Commission Report on "Legal Framework: Gambling and Sports Betting including in Cricket in India".

In today's edition of #BulletinBoard we cover “Supreme Court refuses to grant interim relief on RBI circular on Cryptocurrency”, “Jaitley hints at rationalising GST Rates as revenues surge”, and “Odisha government to partner with Google to boost its start-up eco-system”.

On today's edition of #BulletinBoard we cover “Due Date for Linking Aadhaar with PAN Extended”, “Government to Carry out KYC of Company Directors”, “Suspension of TDS and TCS Extended”, and “Reverse Charge Deferred”.

On today’s edition of #BulletinBoard we cover “Karnataka HC on Determination of Transfer Pricing by High Court”; “Kerala HC on Withdrawing Resignation Before ‘Effective’ Acceptance”; “Delhi HC Dismisses Plea Seeking Stay on DDCA polls”; and “NCLT admits Insolvency Proceedings against Uttam Galva Subsidiary”.

On today’s edition of #BulletinBoard we cover “IBBI Refuses To Register IP Under Criminal Proceedings”; “Alok Industries Insolvency Proceedings”; “Uttam Galva Steels Insolvency Proceedings”; and “BSE to Facilitate Listing for Tech Start-ups”.

On today’s edition of #BulletinBoard we cover “Implementation of Tax Collection at Source for E-commerce Companies Deferred”; and “SC on Bar Association’s Right to Prohibit Advocate From Representing Individuals”.

In today’s edition of #BulletinBoard we cover “Submission of PAN Made Mandatory For LRS”; and “NSDC to Collaborate With World Bank For Skills Platform”.

On today’s edition of #BulletinBoard we cover “New Consumer Protection Bill”; “SEBI to Revamp IPO Norms”; and “Kerala HC on CJM’s Jurisdiction Under S. 14 of SARFAESI”.

On today’s edition of #BulletinBoard we cover “MCA amends Companies (Accounting Standards) Rules, 2006”; and “BPCL provides grants to four Kerala based Start-ups under Project Ankur”.

On today’s edition of #BulletinBoard we cover “MCA Further Amends Companies (Management and Administration) Rules, 2014”; and “Bombay HC on Invasion of Privacy”.

On today’s edition of #BulletinBoard we cover “TRAI Signs MOU With BEREC”; and “Kerala Govt. to Take-over BHEL EML”.

On today's edition of #BulletinBoard we cover " MCA Introduces New Rules for Significant Beneficial Owners”; and “NSDC signs MoU With Singapore e-Government Leadership Centre”.

On today’s edition of #BulletinBoard we cover “MCA Revises Forms DIR-3 and DIR-6”, “CCI on Cartelization of Banks”, and “SEBI to Institute Panel for Startups”.

On today’s edition of #BulletinBoard we cover “RBI Releases Draft Guidelines on Loan System for Delivery of Bank Credit”; and “Government to Discuss Womens’ Safety With Popular Cab Aggregators”.

On today’s edition of #BulletinBoard we cover “CCI on BCCI’s Abuse of Dominant Position”; and “SEBI Amends Credit Rating Regulations”.

On today's edition of #BulletinBoard we cover "RBI to Introduce a Single Master Form for Reporting all Foreign Investments”; and “Small Shareholders Move SEBI Against IBC Delisting Norms”.

On today's edition of #BulletinBoard we cover “President Promulgates Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018”; and “RBI Eases MSME Loan Repayment Norms”.

On today's edition of #BulletinBoard we cover " SEBI to Take Action Against Whatsapp Leaks”; and “Amendment to Prevention of Money-laundering (Maintenance of Records) Rules, 2005”.

On today's edition of #BulletinBoard we cover “IBBI Issues Guidelines for Appointment of IRPs”, “MCA Provides Clarification on CSR”, and “UIDAI Limits Digital Payment Companies’ Access to Aadhaar Data”.

On today's edition of #BulletinBoard we cover “SEBI Issues Master Circular for Stock Brokers”, “CBIC Issues FAQs on Financial Services Sector”.

On today's edition of #BulletinBoard we cover “United States Supreme Court Legalizes Sports Betting”; and “RBI Withdraws Exemptions Offered to Government Owned NBFCs”.

On today's edition of #BulletinBoard we cover “CBITC Issues Clarification on GST Refund”; and “SEBI Issues Guidelines to Increase Transparency in Credit Rating Agencies”.

In today's edition of #BulletinBoard we cover "NITI Aayog to Make Public Data Accessible to Start-ups”; and “DCF Ventures Collaborates With Israeli SOSA”.

On today's edition of #BulletinBoard we cover, “Chartered Accountants No Longer Allowed to Value Unquoted Shares”, “CAIT Objects Against Flipkart-Walmart Deal to CCI”, and “Extension of Deadline for Suggestions to Task Force Set Up for New Direct Tax Law”.

On today’s edition of #BulletinBoard we cover “EU-GDPR Comes Into Effect”; and “CBDT Notification on Taxability of Shares Issued at Higher Than Fair Market Value”

In today’s edition of #BulletinBoard, we cover “The New Eligibility Regulations for Female Classification by IAAF”, “SEBI Circular on Segregated Nominee Account Structure in IFSC”, and “TRAI Tariff Order and Interconnection Regulations upheld in the Madras High Court”

In today's edition of #BulletinBoard we cover “Union Cabinet Approves Ordinance to Amend IBC”, “SEBI Allows Clearing Corporations to Invest in Foreign Sovereign Securities”, and “Microsoft Privacy Policy Under Scrutiny in Supreme Court”.

In today's edition of #BulletinBoard we cover "DIPP Ceases Funding of Start-Up India’s Funding Scheme”; and “SC on Virtual Currencies”.

In today's edition of #BulletinBoard we cover "E-sellers Petition CCI Against Anti-Competitive Practises of Flipkart”; “Parliamentary Standing Committee Invites Comments on Data Security & Privacy”; “Netherlands Collaborates With Startup India”; and “MCA Gives Clarification on Condonation of Delay Scheme”.

In today’s edition of #BulletinBoard we cover “Karnataka HC on Valuation of Goods and Quantum of Penalty”, “NCLT on Applicability of IBC on Juristic Person”, and “SC Imposes Fine on Google, Facebook, WhatsApp, Microsoft and Yahoo”.

In today’s edition of #BulletinBoard, we cover “Draft Guidelines Issued by the Copyright Office for Examination of Copyright Applications in Different Categories of Works”, “Extension of Deadline for Furnishing Information for Monitoring of Foreign Investment Limits in Listed Indian Companies”, “Permissible Activities While Setting Up of IFSC Banking Units”

In today's edition of #BulletinBoard we cover “IAMAI Moves Supreme Court Against RBI’s Cryptocurrency Ban”, and “SC on Dearness Relief of Bank Retirees, Pre- Post Nov 2002”

In today's edition of #BulletinBoard we cover "SEBI on Delay in Payment Related to Debt Securities” and “IIM-A Launches New Initiative to Fund Start-Ups”.

In today's edition of #BulletinBoard we cover "E-sellers demand for a regulatory authority”, “Kerala HC on real income of assessees”; and “Late fees for GST returns waived”.

In today's edition of #BulletinBoard we cover “SEBI’s Master Circular on Underwriters”, “SEBI Implements Recommendations on Corporate Governance”, and “Facebook Responds to MEITY’s Second Notice”.

In today's edition of #BulletinBoard we cover "MCA Notification on Late Fees”, “SC on Maintenance of Civil Suits After Initiation of SARFAESI Proceedings”; “Delhi HC Dismisses Centre’s Plea Against Vodafone”; and “Another Cryptocurrency Company Moves Delhi HC Against RBI”.

In today's edition of #BulletinBoard we cover "SEBI Stipulates Risk Management Measures for Derivatives”, “Telecom Commission Approves In-Flight Wi-Fi”; and “E-commerce Companies Served Notices for Non-Compliance With Packaging Rules”.

In today's edition of #BulletinBoard we cover "RBI Relaxes ECB Norms”, “SEBI Extends Deadline for Companies to Submit Information Under Monitoring of Foreign Investment Limits Scheme”; and “MCA Extends Deadline for Filing AOC-4 XBRL”.

In today's edition of #BulletinBoard we cover "ITAT on Flipkart’s Taxation Troubles”, “Central Govt. v Facebook & CA”; and “SC on Res Judicata”.

In today's edition of #BulletinBoard we cover "RBI Updates Master Directions for KYC”, “Bombay HC on Jurisdiction of Court to Execute Arbitral Award”; and “MP HC on Leniency Shown to Litigants for Procuring Incorrect Legal Advice”.

In today's edition of #BulletinBoard we cover "Amendment of Plastic Waste Management Rules”, “Law Commission’s Report on BCCI”; and “Cryptocurrency Firm v RBI”

In today's edition of #BulletinBoard we cover "DIPP Notification on Startups”, “Income Tax Act Provision to Impact Angel Investors”; ‘SEBI to Revise Regulations on Buy-Back of Securities”; “SC on Specific Performance and Permanent Injunction”; “SC on “Government Works” under Copyright Act”; and “Delhi HC Invalidates Monsanto’s Bt Technology Patent”.

In today's edition of #BulletinBoard we cover "RBI on Acquisition and Transfer of Immovable Property”, “MCA Amends Act & Rules Regarding Share Certificates”; and “MCA Revises e-Forms”.

In today's edition of #BulletinBoard we cover "RBI on Cryptocurrencies”, “RBI on Storage of Payment Data”; “MCA Levies Additonal Late Fees for Filing”; and “Retailers v E-commerce Giants”.

In today's edition of #BulletinBoard we cover "RBI on Cryptocurrencies”, “SEBI on Monitoring Foreign Investment in Listed Companies”; “MCA Constitutes Steering Committee for CSR”; “MCA Revised Format of e-Forms”; “Star India Wins Indian Cricket Broadcasting Rights”; and “APMC Reforms Opposed in Maharashtra”.

In today's edition of #BulletinBoard we cover "Insolvency Law Reforms Committee Report”, “Kerala HC on Law for Medical Practitioners”; “Paypal’s Digitization of FIRC”; and “SandpaperGate”.

In today's edition of #BulletinBoard we cover "MCA Extends Deadline for AOC-4 XBRL”, “MCA Extends Deadline for Condonation of Delay Scheme”; and “NPCI on UPI-based Foreign Inward Remittances”.

In today's edition of #BulletinBoard we cover "MCA Amends Companies (Indian Accounting Standard) Rules”, “RBI Notifies Regulations on Cross Border Mergers”; and “SEBI Increases Angel Funding Limit”.

In today's edition of #BulletinBoard we cover "MCA Amends Companies (Incorpoation) Rules”, “MCA on National Financial Reporting Authority”; and “Amendment of E-Waste (Management) Rules”.

In today's edition of #BulletinBoard we cover "Specific Relief (Amendment) Bill, 2017”, “Payment of Gratuity (Amendment) Bill, 2017”, “Industrial Employment (Standing Orders) Central (Amendment) Rules”; and “Supreme Court on RTI Applications”.

In today's edition of #BulletinBoard we cover "Draft Companies (Authorised to Register) Amendment Rules”, “IRDA on Linking AADHAR with Insurance”, “SC on Recovery for NPA under SARFAESI”; and “Kerala HC on Maternity Leave”.

In today's edition of #BulletinBoard we cover "Fugitive Economic Offenders Bill", "NCLAT on Video Conferencing in Company Board Meetings” and “Chattisgarh HC on Applicability of Factories Act”.

In today's edition of #BulletinBoard we cover “Employee Provident Fund Organization on Withdrawal Claims”, "Chit Fund Amendment Bill" and "UIDAI on SC AADHAR Deadline Extension”.

In today's edition of #BulletinBoard we cover "Arbitration Amendment Bill", "Commercial Courts Amendment Bill”, “SC on Passive Euthanasia”, "MCA XBRL Amendment", and “SC on Foreign Law Firms”.

In today's edition of #BulletinBoard we cover "SC on Computation of Compensation Award", "Delhi HC upholds Delhi Metro Arbitration Award”, “Andhra Govt. on Blockchain” and “Government Sets Up Fintech Committee”.

In today's edition of #BulletinBoard we cover “RBI on Repo”, “SC on Sub Judice”, “SC on Financial Institution under SARFAESI”, “Bom HC on Conviction in Foreign Courts” and “Mad HC on Copyright in Film Titles”.

In today's edition of #BulletinBoard we cover “SEBI on Minimum Public Shareholding”, “SC on NHAI Arbitration Conflicting Awards”, “TRAI on Ease of Doing Business”, “RBI on PPI KYC Deadline” and “MCA’s Amendment to Companies (Accounts) Rules, 2014”.

In today's edition of #BulletinBoard we cover the "Unregulated Deposit Schemes Bill", "SC on Liquor Ban", "NCLAT on Conversion of Loan to Equity", "RBI Ombudsman Scheme for NBFCs", "MCA's Condonation of Delay Scheme" and "SC on FDI Violations by CA Firms"

Catch the latest developments and news from our practice areas through our new series #BulletinBoard.