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
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
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
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
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
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
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
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
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
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
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