In a recent announcement, Mr. Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology unveiled the Government of India’s intention to make the use of Navigation with Indian Constellation (NavIC) mandatory in all smartphones that are launched in India. NavIC is a domestic Global Positioning System (GPS) developed by the Indian Space Research Organisation (ISRO) with a constellation of seven satellites and ground stations.
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How to be compliant with Data Protection & Privacy Laws in India
India is on the brink of witnessing a major change in the realm of privacy, marked by the enactment of the new Digital Personal Data Protection Act, 2023 (“DPDPA”). DPDPAis a by-product of the landmark Puttaswamy Judgement which made the right to privacy a Fundamental Right for all Indian citizens[1]. It is expected that the DPDPA will enhance the data protection compliance regime in the country and will empower users to agitate this Fundamental Right better once enacted. In our analysis, we have meticulously outlined the pivotal compliance measures that must be diligently observed by all relevant stakeholders in accordance with the DPDPA. This article aims to provide a clear and structured overview of the key obligations and responsibilities imposed by the DPDPA, facilitating a deeper understanding and effective implementation of these crucial compliance standards.
Unraveling Damages Under the Indian Contract Law Regime: Key Principles & Judgments
The Indian Contract Act, 1872 (“Act”) is a cornerstone of the nation’s legal framework, governing the formation, performance and enforcement of contracts. Under this comprehensive body of law, the notion of damages holds immense significance, serving as a crucial remedy for parties aggrieved by breaches of contractual obligations.
Legal Compliance for E-Commerce entities in India
An e-commerce business refers to a commercial enterprise that operates online, primarily involved in buying and selling products or services over the Internet. The Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) defines an e-commerce entity as an individual or entity that owns, operates, or manages a digital or electronic platform or facility for conducting electronic commerce. However, it does not include a seller who offers their goods or services for sale on a marketplace e-commerce platform.
India Entry & FDI Regulations: How To Setup Your Entity In India
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce & Industry is responsible for formulating FDI policies and managing data on inward FDI. Initiatives such as Make in India, champion sector support, and project development cells under the Scheme of Investment Promotion (SIP)[1] have been launched to promote investment.
How to be Legally Compliant with HR and Employment Laws in India
Navigating HR and Employment Laws in India requires a thorough understanding of the legal landscape and a commitment to compliance. By following the checklist outlined in this article, organisations can ensure they are legally compliant, protect employee rights, and minimize the risk of legal disputes. Proactive adherence to HR and Employment Laws not only establishes a positive work environment but also promotes a culture of fairness, equality, and employee well-being.
Prevention of Sexual Harassment (POSH) Law Requirements in India
The POSH Act applies to all workplaces in India, including government organisations, private sector, hospitality or nursing homes, sports institutes/facilities, or a dwelling place or house safeguarding the rights of women who are employed or visit any workplace, irrespective of their employment status.
Peer to peer Lending- Registrations and Licensing Requirements
Through this brief article, we aim to provide a gist of the registration and licensing requirements for an entity engaged in peer-to-peer lending in India in addition to the prudential and reporting requirements in such respect.
‘Right of First Refusal’ Vs ‘Right of First Offer’: Conceptual Features, Differences and Analysis
This article speaks on the salient differences between the exercise of a ‘Right of First Refusal’ and a ‘Right of First Offer’.
Private Equity and Venture Capital: Concept and Indian Legal Framework
Often used together, Private Equity (PE) and Venture Capital (VC) are different concepts pertaining to infusion of capital through equity purchase by investors. Thought to be similar concepts, PE and VC differ from each other in their basics. With the focus to invest in companies possessing ideas or expansion related plans or simply with a view of getting a profitable exit, citing the growth prospect of the investee companies, this article aims to explain the concept of PE and VC, along with laying down the differences between the concepts and finally explaining in brief, the legal mechanisms that govern PE and VC.