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On March 1, 2024, the Ministry of Electronics and Information Technology (MeitY) issued due diligence related advisory to platforms and intermediaries regarding the deployment and use of AI algorithms and software on their platforms (1st Advisory).
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India is one of the fastest growing economies in the world with an equally staggering workforce. With this, the rights and obligations of employers and employees take center stage. For numerous organizations, the state specific Shops and Establishment...
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India’s ever-expanding digital infrastructure in the wake of the pandemic has escalated the demand for new, updated, and improved regulatory mandates for strengthening cybersecurity and preventing cybercrime. Rampant, almost weekly cybersecurity attacks have caused alarm bells across businesses,...
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Over the years, ever since the Insolvency and Bankruptcy Code, 2016 (“IBC”) came into force, there has been ample litigation addressing different elements of the “waterfall” mechanism prescribed in section 53 therein whereunder the secured creditors have the...
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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...
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