Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • Viability Gap Funding for Infrastructure projects revamped

    Viability Gap Funding for Infrastructure projects revamped

    The Department of Economic Affairs, Ministry of Finance introduced "the Scheme for Financial Support to PPPs in Infrastructure" (Viability Gap Funding Scheme) in 2006 with an objective of supporting infrastructure projects undertaken through Public Private Partnerships (PPPs) mode that are

  • Fintech related Regulatory Updates

    Fintech related Regulatory Updates

    1.  The National Payment Corporation of India (“NPCI”), had issued a circular, dated November 24, 2020, for enhancing complaint handling and resolution process for UPI transactions. Prior to this RBI had already introduced the concept of Online Dispute Resolution (“ODR”)

  • Guidelines for Cab Aggregators in India

    Guidelines for Cab Aggregators in India

    On 26th November 2020, The Ministry of Road Transport and Highways has notified the Motor Vehicle Aggregator Guidelines, 2020 (“Guidelines”) as per the provisions of the Motor Vehicles (Amendment) Act, 2019. Highlights of the Guidelines are as follows– Aggregator has

  • Constitution of Food Safety Coordination Committee for managing food safety emergency situation in the country

    Constitution of Food Safety Coordination Committee for managing food safety emergency situation in the country

    The Food Safety and Standards Authority of India (“FSSAI”) has developed framework of national Food Safety Emergency Response (“FSER”) which outlines the multi sectorial collaboration, their roles, responsibilities and management actions during food safety emergency situation as envisaged under the

  • Notification of Patents (2nd Amendment) Rules, 2020

    Notification of Patents (2nd Amendment) Rules, 2020

    The Government of India in the Ministry of Commerce and Industry (Department for Promotion of Industry and Internal Trade) has vide notification dated 4 November 2020 notified the Patents (2nd Amendment) Rules, 2020 (“Rules”). The highlights of the new rules

  • IRDAI (Minimum Information Required for Investigation and Inspection) Regulations, 2020

    IRDAI (Minimum Information Required for Investigation and Inspection) Regulations, 2020

    1.  Introduction The Insurance Regulatory and Development Authority of India (“IRDAI”), via notification dated November 23, 2020, had released the IRDAI (Minimum Information Required for Investigation and Inspection) Regulations, 2020 (“Regulations”). As per the notification, the Regulations shall come into

  • Clarification issued by PIB: Ministry of Finance statement on misinterpretation of LTC stimulus and its benefits

    Clarification issued by PIB: Ministry of Finance statement on misinterpretation of LTC stimulus and its benefits

    This notification has been released by Press Information Bureau (PIB) on behalf of Ministry of Finance on 13 October, 2020. This press release is based on a report published by Economic Times Market related to the LTC voucher scheme for

  • CERT-In is appointed the Examiner of Electronic evidence for Computer Media and Mobile Device Forensics

    CERT-In is appointed the Examiner of Electronic evidence for Computer Media and Mobile Device Forensics

    In exercise of the powers conferred by section 79A of the information Technology Act, 2000 (21 of 2000) the Central Government hereby notifies Cyber Forensic Laboratory, Indian Computer Emergency Response Team (CERT-In), Electronics Niketan, 6 CGO Complex, Lodhi Road, New

  • Integration of Profession Tax (PT) in Karnataka with SPICE+ form

    Integration of Profession Tax (PT) in Karnataka with SPICE+ form

    The Ministry of Corporate Affairs (MCA) has integrated with Profession Tax (PT) in Karnataka as part of Government of India’s Ease of Doing Business (EODB) initiatives. The SPICe+ applications approved for the State of Karnataka shall mandatorily provide Profession Tax

  • Standardisation of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities

    Standardisation of procedure to be followed by Debenture Trustee(s) in case of ‘Default’ by Issuers of listed debt securities

    The Securities and Exchange Board of India (SEBI) on October 08, 2020 has issued the Securities and Exchange Board of India (Debenture Trustees) (Amendment) Regulations, 2020 to further amend the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993.

  • Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment)               Regulations, 2020

    Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2020

    Securities and Exchange Board of India (SEBI) on October 08, 2020 has issued the Securities and Exchange Board of India (Issue and Listing of Debt Securities) (Amendment) Regulations, 2020. These regulations have brought in few key amendments in the Securities

  • Extension of date for Mandatory Safety Audit of Food Businesses under FSS (Food Safety Auditing) Regulations, 2018

    Extension of date for Mandatory Safety Audit of Food Businesses under FSS (Food Safety Auditing) Regulations, 2018

    The last day for mandatory auditing of food businesses holding central license, and falling under high-risk category has been extended up to 31 December 2020. This decision is taken in the light of the current situation because of the COVID-19

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