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
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
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
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
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.
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
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
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
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
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
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
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