Compliance

The Delhi High Court recently ruled that an arbitral tribunal cannot award damages prohibited by the contract. This reinforces the principle that contractual agreements are binding and must be respected in arbitration proceedings. Key takeaways: – ⁠Contractual terms prevail: Parties should carefully draft contracts to outline the damages that can be claimed clearly. – Arbitration …

High Court Upholds Contractual Limits on Damages in Arbitration Read More »

With an objective to reduce greenhouse gas emission (“GHG”) emissions by pricing emission reductions through the trading of Carbon Credit Certificates (“CCCs”), the Ministry of Power in collaboration with the Bureau of Energy Efficiency (“BEE”), on June 28, 2023 pursuant to the Energy Conservation Act, 2001 introduced the Carbon Credit Trading Scheme (“CCTS”). Pursuant to …

Bureau of Energy Efficiency’s detailed compliance procedure under CCTS Read More »

Starting a new business in India involves navigating a complex network of regulatory requirements designed to ensure compliance with various legal standards. Understanding regulatory compliance for new companies in India is crucial for avoiding legal pitfalls and establishing a strong foundation for business operations. Regulatory compliance encompasses adherence to laws, regulations, guidelines and specifications relevant …

Regulatory Compliance for New Companies in India Read More »

Foreign Direct Investment (FDI) has been a crucial investment for the economic growth and development of India. The country’s vast market potential, favourable demographic profile and liberal economic policies have made it an attractive destination for investors worldwide. The recent legal reforms impacting FDI in India are aimed at simplifying regulations, ensuring ease of doing …

Recent Legal Reforms Impacting FDI in India Read More »

Foreign Direct Investment (FDI) plays a crucial role in the economic growth of India. It brings in capital, technology and managerial expertise, helping to enhance the industrial base and create jobs. The Indian government has recognized the importance of FDI and has thus crafted sector-specific FDI policies to streamline and attract investments across various industries. …

Sector-Specific FDI Policies in India: Opportunities and Legal Requirements Read More »

Do restaurants require a FSSAI license? Yes, obtaining a FSSAI registration for restaurants is a mandatory legal requirement in India. The Food Safety and Standards Authority of India (FSSAI) regulates the food industry to ensure food safety and quality. This registration is crucial for any food business, as it certifies that the food products are …

Step-by-Step Guide to FSSAI Registration for Restaurants in India Read More »

India and the United Arab Emirates (UAE) share a robust economic relationship, driven by strong trade and investment ties. For UAE businesses operating in India, understanding and adhering to local regulatory compliance is crucial for smooth operations and long-term success. This guide aims to provide a comprehensive overview of the legal framework, compliance requirements, and …

Regulatory Compliance for UAE Businesses Operating in India: A Comprehensive Guide Read More »

What is the future of real money games in India? Over the past few years, real money gaming apps have experienced exponential growth in India. This surge is driven by increased internet penetration, affordable smartphones and a youthful demographic with a keen interest in gaming. Apps like Dream11, MPL and RummyCircle have become household names, …

Legality of Real Money Gaming Apps in India: Current Scenario and Future Prospects Read More »

Are gaming apps legal in India?  With the rapid growth of digital technology and the increasing popularity of online gaming, the regulatory framework governing this sector has come under significant scrutiny. Gaming laws in India, The Public Gambling Act of 1867, a colonial-era statute, remains the cornerstone of gaming legislation. However, it does not explicitly …

Gaming Laws in India Read More »

Introduction The Registrar of Companies (ROC) is a statutory body established under the Companies Act, 2013 (“Act”), responsible for overseeing the registration and regulation of companies and limited liability partnerships within the jurisdiction of India. The ROC serves as a custodian of critical information about businesses, ensuring their compliance with statutory regulations specified under the …

The Importance of Compliance with the Registrar of Companies Filings: Requirements, Risks, and Mitigation Read More »