Part 1 of this series discussed the EDPB’s findings on Meta’s illegal data transfers to the US and its decision to impose a 1.2 Billion Euro fine on Meta. In Part 2, the article attempts to highlight the impact of this decision on Indian businesses with active platforms in the EA/EU region. While doing so, it articulates Meta’s response to the EDPB, India’s existing international data transfer and retention policy, the data protection framework between India and the EU, and the way forward.
The European Union (EU) has issued a 1.2 billion euro fine on Meta Inc. for transferring the personal data of EU subjects to the United States (US). The present article series is divided into two parts. Part 1 of the series explains the European Data Protection Board’s (EDPB) decision in the light of the events that transpired and Part 2 of the series attempts to highlight the impact of this decision on Indian businesses operational in Europe.
This article aims to explore the concept of drag-along and tag-along rights in India, examining their advantages, disadvantages, and legal implications. By shedding light on these rights, businesses and legal practitioners can better navigate the complexities of shareholder agreements and ensure alignment with Indian laws.