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.

  • Compounding of Contraventions under the Foreign Exchange Management Act,1999

    Compounding of Contraventions under the Foreign Exchange Management Act,1999

    Introduction Contravention is a breach or non-compliance of the provisions of Foreign Exchange Management Act (“Act”), 1999, and the rules, regulations, notifications, orders or circulars or directions made thereunder. The Reserve Bank of India (“RBI”) has been empowered by the

    Sharda Balaji
    By Sharda Balaji 14 minutes ago
  • SEBI’S proposal to simplify listing of startups

    SEBI’S proposal to simplify listing of startups

    In view of the evolving start-up ecosystem in the country, and with the objective of making the Innovators Growth Platform (IGP) more accessible and attractive for easier listing by start-ups and provide faster liquidity and exit options to the Investors

    NovoJuris
    By NovoJuris 6 months ago
  • Guidelines on Advertisements for Online Gaming

    Guidelines on Advertisements for Online Gaming

    1.  Introduction The Advertising Standard Council of India (“ASCI”) via press release dated November 24, 2020 has issued Guidelines for Online Gaming for Real Money Winnings (“Guidelines”) which have become effective from December 15,2020 onwards. Pursuant to this, the Ministry

    NovoJuris
    By NovoJuris 5 months ago
  • Data Empowerment and Protection Architecture – DEPA- A draft framework

    Data Empowerment and Protection Architecture – DEPA- A draft framework

    1.  Introduction 1.1 The National Institution for Transforming India (“NITI Aayog”), in August 2020, had released a draft framework on Data Empowerment and Protection Architecture (“DEPA/Draft Framework”). DEPA is aimed at empowering people to have a seamless and secure access

    Sharda Balaji
    By Sharda Balaji 6 months ago
  • Economic Substance Regulations-UAE

    Economic Substance Regulations-UAE

    Background Economic substance is a requirement under tax laws, under which the transaction must have both a substantial purpose and an economic effect aside from the tax effect in order to be considered valid. These regulations are targeted at jurisdictions

    Sharda Balaji
    By Sharda Balaji 3 months ago
  • Self Regulatory Organization for Payment System Operators

    Self Regulatory Organization for Payment System Operators

    Self regulated organizations for payment system operators 10 nov2020  from  Novojuris   Introduction With the massive growth witnessed in India, in the digital payment ecosystem, there has arisen a need for having a framework for regulation for digital payments.

    NovoJuris
    By NovoJuris 7 months ago
  • Key changes notified by SEBI impacting Alternate Investment Funds in India

    Key changes notified by SEBI impacting Alternate Investment Funds in India

    Background Alternative investment funds (AIFs) are governed by Securities and Exchange Board of India (SEBI) under the SEBI (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations'). Prior to 2012, AIFs were governed by the SEBI (Venture Capital Funds) Regulations, 1996. With

    Sharda Balaji
    By Sharda Balaji 7 months ago
  • Extension of due date of Annual General Meetings

    Extension of due date of Annual General Meetings

    Considering the representations made by various stakeholders, the Registrar of Companies, exercising their power granted under section 96(1) of the Companies Act, 2013, has issued an order, thereby extending the time to hold the Annual General Meeting for the financial

    NovoJuris
    By NovoJuris 6 months ago
  • Start ups and MSMEs: Registration and Advantages features of Atma Nirbhar package

    Start ups and MSMEs: Registration and Advantages features of Atma Nirbhar package

    Start ups and MSMEs: Registration and Advantages features of Atmanirbhar package from Novojuris Start Ups: Definition and criteria Tenure: A private limited company, a registered partnership or a limited liability partnership in India is considered a startup up to

    NovoJuris
    By NovoJuris 7 months ago
  • Convertible Notes - India: Issuance, Conversion, Taxation

    Convertible Notes - India: Issuance, Conversion, Taxation

    Convertible Notes - India: Issuance, Conversion, Taxation etc from NovoJuris Legal   Concept To encourage and boost the highly volatile Start-up culture in India, the Govt. of India issued Consolidated FDI Policy in 2017. The thrust of the policy

    NovoJuris
    By NovoJuris 11 months ago
  • Telemedicine Practice Guidelines: New Vistas

    Telemedicine Practice Guidelines: New Vistas

    The Indian Government has issued the Telemedicine Practice Guidelines (Guidelines) for enabling the Registered Medical Practitioners (RMPs) to provide health care services using the various telecommunication and digital communication technologies. RMP is defined to mean a person who is enrolled

    NovoJuris
    By NovoJuris 12 months ago
  • Gifting of Shares and Securities - Residents / Non-Residents

    Gifting of Shares and Securities - Residents / Non-Residents

    Gift is a transfer of movable or immovable property from one person to another without consideration. Shares of an Indian company or of a company incorporated outside India can be gifted to another person (relative or otherwise) by following certain

    NovoJuris
    By NovoJuris 12 months ago
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