Corporate
- Asset reconstruction companies – framework revised
- Categorisation of NBFCs clarified
- Corporate/NBFC lending by banks - prudential norms updated
- Unlisted InvITs discontinued
- Capital issuance for insurance companies liberalised
Dispute Resolution
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Developments in Arbitration
- Supreme Court on interest payment to award holders
- Lack of clarity over appointment of arbitrators continues
- Delhi High Court on enforceability of arbitration clause in non-binding term sheet
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Developments under IBC
- Amendments relating to oversight of IPs, efficiency of insolvency resolution process
- SEBI proposal to protect shareholders of companies undergoing CIRP
- Supreme Court on standard for determining pre-existing dispute
Labour and Employment
- Telangana allows women to work night shifts
- Delhi court on sexually coloured remarks as harassment
- Supreme Court on Employees’ Pension (Amendment) Scheme, 2014
- Covid-19 guidelines for international arrivals in India
Data Protection and Regulation
- Revised proposal for personal data protection regulation
- Key trends in privacy jurisprudence
- Intermediary rules - scope of obligations expanded
- National Geospatial Policy 2022 – encouraging private participation
- E-KYC setu for Aadhaar authentication
Payments and E-commerce
- Voluntary standards for publishing online consumer reviews
- Consumers’ right to have their products repaired
- Pilots of digital currency in wholesale and retail sectors
- UPI and BBPS schemes - scope of payments to be expanded
Media and Gaming
- Online gaming and e-sports to be regulated by the central government
- Regulatory uncertainty on online games and gambling in Tamil Nadu
- Revised guidelines for broadcasting activities - reduced compliance burden
Financial Regulatory Regime
- Redressal of investor grievances
- Market infrastructure institutions - governance mechanisms
- Draft offer documents - confidential filing
- AIFs - aligning operational facets with global standards
- Contingency service platform for market players
- SAT decision - liability of company secretary
- India's central bank digital currency pilots
- Unified Payments Interface - expansion of utility
- RBI's Innovation Hub - financial innovation
Capital Markets
- Confidential filing of IPOs
- Disclosures on key performance indicators
- Monitoring utilisation of issue proceeds
- Filing of offer documents at SEBI head office
Banking and Finance
- Revisions to electronic book provider framework
- Changes to framework for listing of ‘debt securities'
- Denomination reduction - debt securities, etc.
- SEBI board meeting - amendments proposed to SEBI Non-Convertible Securities Regulations, 2021
- NCLT Mumbai - whether corporate debtor undertaking is 'financial debt'
Direct Tax
- Permitted scope of activities for charitable educational institutions
- Scope of ‘general public utility’ for charitable institutions
- Due date for payment of employees’ contributions to statutory funds
Indirect Tax
- Mismatch of ITC in FORM GSTR- 3B and FORM GSTR- 2A (FY 2017-18 and 2018-19)
- Re-determination of tax liability - cases subsequently held as ‘non-fraud’
- ITC on supply of services for transportation of goods outside India
- GST on no claim bonus in insurance policy
- Reduction of tax demand post IBC proceedings
- Non-payment of value of supply - proportionate reversal of ITC by recipient
- Supplier fails to pay tax - reversal/re-availment of ITC by recipient
- Restriction on filing FORM GSTR-1 by supplier
- GST rate reductions and clarifications
Intellectual Property
- Nice Classification for virtual goods and services
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Delhi High Court decisions -
- social media intermediaries – scope of discovery and infringing users’ details
- test of passing-off in respect of pharmaceutical products
- test for establishing design piracy
