The use of digital payment systems such as mobile wallets, net banking, electronic authentication and other forms of payments that diverge from the traditional payment methods to a cashless economy have witnessed a massive surge in India. The rapid
Regulated Entities (REs) (as defined below) have been extensively leveraging Information Technology (IT) and IT enabled services (ITeS) to support their business models and products and services offered to their customers. REs also outsource substantial portion of their IT
· AIF Regulations were amended to introduce a framework for accredited investors in August 2021 via the SEBI (Alternative Investment Funds) (Third Amendment) Regulations, 2012. · Investors into AIF (other than Angel Funds) have to bring in Rs. 1 crore
CERT-In Directions The Computer Emergency Response Team (“CERT-In”) has notified new directions dated 28th April 2022, under sub-section (6) of section 70B of the Information Technology Act, 2000 relating to information security practices, procedure, prevention, response and reporting of cyber
The Department of Telecommunication (DoT), in February 2022, issued guidelines for registration of machine-to-machine (M2M) service providers and WPAN/WLAN Connectivity Provider for M2M Services (“Guidelines”). The guidelines can be accessed here. As per the Guidelines, the companies providing M2M services
The Virtual Asset & Initial Token Offering Services Act 2021 (“Act”) is the enactment to govern virtual asset service providers and issuance of token offerings. The Act came into force from 7 February 2022. The Objective The Act aims at
On January 11, the U.S. Patent and Trademark Office’s (USPTO’s) Trademark Trial and Appeal Board (TTAB) had issued a precedential decision finding dilution by blurring and sustaining oppositions filed by Spotify AB against marijuana-related trademark applications. Spotify has crushed far
Online Gaming scenario in India During the current IPL season, online fantasy gaming is booming in India. The online gaming industry is a billion-dollar industry in India and is expected to grow even further. India is one of the
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