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On Oct 27, 2023, Ministry of Corporate Affairs notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 and introduced two important rules 9(2) and 9B for public and private companies, as applicable. These two provisions will form part of 2014 Companies (Prospectus...
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Mediation is recognized worldwide as an effective and less adversarial method of resolving disputes. India has long encouraged mediation to reduce the overburdening of courts and on September 15, 2023 enacted the Mediation Act, 2023 (“Act”).
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On April 25, 2023, a constitution bench consisting of five judges of the Supreme Court issued a split verdict in the case of N.N. Global Mercantile Private Limited v. Indo Unique Flame Limited . The decision was passed by a 3:2 majority. The ruling clarified...
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One year ago, in August 2022 the Indian government withdrew the draft Personal Data Protection Bill of 2019 which was in the offing for more than four years. In late 2021, the government released a revised version of the 2019 bill which drew a lot...
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In our previous post, we dealt with the scope of the Digital Personal Data Protection Act, 2023 (DPDP Act), the potential impact of consent as primary processing basis, and how Data Fiduciaries are likely to engage with Data Processors. In this second post, we aim...
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