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  • Framework for Self-Regulatory Organisation (s) in the FinTech Sector

    Framework for Self-Regulatory Organisation (s) in the FinTech Sector

    The Reserve Bank of India (“RBI”) vide its press release dated 15th January 2024, announced the release of the Draft Framework for Self-Regulatory Organisation (s) in the FinTech Sector (“Draft Framework”). The Draft Framework is open for public and stakeholder

    NovoJuris
    By NovoJuris 14 minutes ago
  • CYBER INSURANCE

    CYBER INSURANCE

    This article was First Published on Bar and Bench on 13th January 2024. Why do you need a Cyber Insurance Policy? As many organizations process personal and sensitive information, continuously monitoring data protection practices should be a part of organizations’

    NovoJuris
    By NovoJuris 5 minutes ago
  • Consent Principles to consider for a Privacy Notice

    Consent Principles to consider for a Privacy Notice

    As per the Digital Personal Data Protection Act, 2023 (DPDPA), Privacy Notice should accompany or precede a consent request to Data Principal. As mentioned in the DPDPA, the consent should be free, specific, informed, unconditional, and unambiguous with a clear

    NovoJuris
    By NovoJuris 3 minutes ago
  • Privacy Notice under the Digital Personal Data Protection Act, 2023

    Privacy Notice under the Digital Personal Data Protection Act, 2023

    This article was First Published on Bar and Bench on 4th January 2024. As we may all have noticed, the terms - Privacy Notice and Privacy Policy are used interchangeably by multiple organizations across the world. One can witness this

    NovoJuris
    By NovoJuris 1 minute ago
  • Privacy Notice and Privacy Policy

    Privacy Notice and Privacy Policy

    It is not uncommon to witness the use of these terms - Privacy Notice and Privacy Policy – interchangeably by the organizations across the world. Some of the privacy laws wherein this practice can be noticed: California Online Privacy Protection

    NovoJuris
    By NovoJuris about 3 hours ago
  • IMPACT OF GUIDELINES ON PREVENTION AND REGULATION DARK PATTERNS ON FINTECH COMPANIES

    IMPACT OF GUIDELINES ON PREVENTION AND REGULATION DARK PATTERNS ON FINTECH COMPANIES

    Impact of Guidelines on Prevention and Regulation Dark Patterns on Fintech Companies In the app-driven era, new entrants constantly join the market. Yet, companies owning these apps grapple with the challenge of retaining customers and expanding their user base, given

    NovoJuris
    By NovoJuris less than a minute ago
  • Cookies and Consent - An outline on the position in the EU, UK, US, Canada, and India.

    Cookies and Consent - An outline on the position in the EU, UK, US, Canada, and India.

    This article was First Published on Bar and Bench on 28th November 2023. Cookie is a small text filed stored by the website on your personal computer or any other device when you visit the website. Cookies are of two

    NovoJuris
    By NovoJuris less than a minute ago
  • Does Opt-In Consent under DPDPA require a granular and specific approach?

    Does Opt-In Consent under DPDPA require a granular and specific approach?

    This article was First Published on Bar and Bench on 16th November 2023. Indian Data Protection Law – Digital Personal Data Protection Act, 2023 (DPDPA) [yet to come into force] - requires Data Fiduciaries to go for opt-in consent while

    NovoJuris
    By NovoJuris 1 minute ago
  • Analysing Recent Amendments to Section 56(2)(viib) of the Income Tax Act: Exemption Notification and Proposed Changes to Rule 11UA

    Analysing Recent Amendments to Section 56(2)(viib) of the Income Tax Act: Exemption Notification and Proposed Changes to Rule 11UA

    The Finance Act of 2023 has introduced an important amendment to the Income-tax Act, of 1961 (the Act). One of its amendments brings the consideration received from non-residents for the issuance of shares within the scope of section 56(2)(viib) of

    NovoJuris
    By NovoJuris 18 days ago
  • Maharashtra IT-ITES Policy 2023: Fostering Innovation, Empowering Entrepreneurs, and Driving Economic Growth

    Maharashtra IT-ITES Policy 2023: Fostering Innovation, Empowering Entrepreneurs, and Driving Economic Growth

    Maharashtra, the economic powerhouse of India, has been a trailblazer in embracing technology and driving digital transformation across various sectors. With Mumbai already being termed as the entertainment and financial capital of the Country, the state cabinet recently approved the

    NovoJuris
    By NovoJuris 2 months ago
  • IFSCA introduces concessions for Family Investment Funds in GIFT City

    IFSCA introduces concessions for Family Investment Funds in GIFT City

    Wealthy individuals in India are increasingly favouring fund structures, versus investing from the company’s balance sheet, as effective tools for managing wealth, investments, and taxes. Family offices are considering GIFT City, India's first international financial services center (“IFSC”), as a

    NovoJuris
    By NovoJuris 2 months ago
  • Navigating the Digital Personal Data Protection Act, 2023: Unpacking its Impact on the Fintech Landscape

    Navigating the Digital Personal Data Protection Act, 2023: Unpacking its Impact on the Fintech Landscape

    The Digital Personal Data Protection Act, 2023 (“DPDP”) has had an arduous journey in the country’s decade long process of evolving general data protection regime for India. The DPDP is is the data protection legislation of India after having received

    NovoJuris
    By NovoJuris 2 months ago
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