The Ministry of Commerce and Industry has issued the Special Economic Zones (Third Amendment) Rules, 2022 (“Amendment”) which provides new provisions in relation to work from home. Prior to the Amendment, the removal of assets from a Special Economic Zone (“SEZ”) such as laptops, video projection system(s) and documents required special permission from the development …
Regulating work from home in special economic zones Read More »
The Central Government on Wednesday withdrew the heavily deliberated Data Protection Bill, 2019 (“Bill”) as per a statement circulated to Members of Parliament in the ongoing monsoon session. The Union Minister for Electronics and Information Technology, Ashwini Vaishnaw stated that the bill was deliberated at great lengths by the Joint Committee of Parliament which has …
The Reserve Bank of India (“𝐑𝐁𝐈”) on October 07, 2022 released a concept note on the pilot project of Central Bank of Digital Currency (“𝐂𝐁𝐃𝐂”) which will be referred to as e₹. CBDC is similar to sovereign fiat currency (“𝐁𝐚𝐧𝐤 𝐍𝐨𝐭𝐞𝐬”), is exchangeable at par with the existing currency, and shall be accepted as a …
The Reserve Bank of India’s concept note on the new digital currency Read More »
The Ministry of Electronics and Information Technology has broadened the scope of using digital signature certificates in executing certain documents through its notification dated September 26, 2022, amending the Information Technology Act, 2000 (“Act”).The first schedule of the Act excludes certain transactions or documents from the Act’s purview thereby invalidating the use of digital signatures. …
MEITY expands the scope of digital signature certificates Read More »
The Ministry of Electronics and Information Technology (“𝐌𝐞𝐢𝐭𝐘”) published the draft Digital Personal Data Protection Bill, 2022 (“𝟐𝟎𝟐𝟐 𝐁𝐢𝐥𝐥”) on November 18, 2022 for public consultation. The 2022 Bill is open for comments from the public until December 17, 2022.The previous iterations of the data protection bill have been shortened and revised to bring in …
Introduction of the Digital Personal Data Protection Bill Read More »
The Department for Promotion of Industry and Internal Trade (“DPIIT”) of the Ministry of Commerce and Industry vide Office Memorandum dated July 26, 2022 (“Office Memorandum”) have suggested certain ministries/departments to amend the definition of ‘Startup’ in consonance with its Notification G.S.R. 127(E) dated February 19, 2019 (“Notification”) under relevant rules/regulations/guidelines/notifications/directions.The definition that has been …
The Securities and Exchange Board of India (“SEBI”) had published a circular entitled “Guidelines for overseas investment by Alternative Investment Funds (“AIFs”)/ Venture Capital Funds (“VCFs”)”, dated August 17, 2022 addressing Alternative Investment Funds/ Venture Capital Funds (registered under the erstwhile SEBI (Venture Capital Funds) Regulations, 1996) (“Circular”). Under the new Circular, AIFs/ VCFs will …
Guidelines for overseas investment by AIFs or VCFs Read More »
The Ministry of Commerce and Industry has issued the Special Economic Zones (Third Amendment) Rules, 2022 (“Amendment”) which provides new provisions in relation to work from home. Prior to the Amendment, the removal of assets from a Special Economic Zone (“SEZ”) such as laptops, video projection system(s) and documents required special permission from the development …
Regulating work from home in special economic zones Read More »
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