Following the Indian Supreme Court decision in March 2020, under which the ban on cryptocurrencies was lifted, the Indian government brought out the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021.
Although this bill was to be taken up for discussion in the winter session, it has been deferred due to representations made by the crypto industry.
N. Raja Sujith, Partner and Head of South India, analyzes the advantages and drawbacks of the proposed bill in this presentation.
Background In December 2021, the Union Law Minister tabled the draft Mediation Bill (the “Bill”) in parliament. Due to significant opposition, the Bill was sent to the Committee on Law and Justice for further scrutiny. This article lists out some salient...
Background In December 2019, India’s Ministry of Electronics, and Information Technology tabled the Personal Data Protection Bill, 2019 (the “PDP Bill”) in the Lok Sabha. However, the PDP Bill, as drafted, raised several issues and challenges in implementing a...
The SEBI has released a consultation paper on the preferential issue guidelines prescribed under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the “ICDR Regulations”), along with the recommendations discussed below. Rukshad Davar,...
Non-Banking Financial Companies (NBFCs) form a major part of the financial system in India. Some large NBFCs like Indiabulls Group and Bajaj Finance have an asset size of more than INR 1 billion. Scheduled commercial banks and fund houses usually lend...
Recently, the Indian Federation of App Based Transport Workers, a registered trade union federation representing app-based transport and delivery workers, filed a public interest litigation (PIL) in India’s Supreme Court seeking social security benefits for delivery...
On account of an unprecedented increase in cybercrimes since the advent of the Covid-19 pandemic, the Insurance Regulatory and Development Authority of India (the “IRDAI”) has recently released a guidance document on the product structure for cyber insurance policies...