Who needs to have access to the data and how do we make sure it’s not used otherwise? In today’s digital age, where we revolve around technology more than ever, the protection of personal data has become a concern. Data protection laws and regulations in India play a crucial role in safeguarding individual privacy rights …
Data Protection and Privacy Laws & Regulations in India Read More »
What is the need for ISO/IEC 27001 certification? ISO/IEC 27001 certification helps organizations to safeguard their information through best practices in information security management.The benefits of ISO/IEC 27001 certification are multifold. It aids in identifying and mitigating risks to data security, ensures compliance with various legal and regulatory requirements and enhances an organization’s reputation by …
DID YOU KNOW? The Ministry of Home Affairs (“MHA”), in exercise of its powers under section 79(3)(b) of the Information Technology Act 2000 (“IT Act”), has designated the Indian Cyber Crime Coordination Centre (“I4C”), to be the agency of MHA, to perform the function of notifying intermediaries regarding the instances of information, data or communication …
How The Indian Startup Ecosystem Can Take Proactive Steps To Prevent Siphoning of fund & Fraud? In recent years, the Indian startup ecosystem has seen tremendous growth. Several companies have emerged as unicorns and industry leaders, backed by both Indian and international venture capital and private equity firms. However, the ‘Blitzsclaling’ (termed by LinkedIn cofounder …
Preventing Fraud in the Indian Startup Ecosystem Read More »
Introduction Businesses are moving towards Artificial Intelligence (“AI”) enabled services/product delivery. This move towards AI underscores the importance of regulating the field of AI development to ensure public interest and at the same time promote innovation within the space. Governments across the world are taking and (in some cases) have taken a proactive role in …
Introduction On July 31, 2023, National Deep Tech Startup Policy Consortium (“NDTSP Consortium”) chaired by the Principal Scientific Adviser to the Government of India, issued the Draft National Deep Tech Startup Policy (the “Draft Policy”) for public consultation. The Prime Minister’s Science, Technology, and Innovation Advisory Council, in its 21st meeting held on July 7, …
Decoding The Impact Of Digital Personal Data Protection Act, 2023 On Transaction Documents After what seemed like an eternity, India has finally gotten its personal data privacy legislation in form of Digital Personal Data Protection Act, 2023 (“Act”). The Act is nothing short of a seismic shift in India’s approach to safeguarding personal data in …
Impact of Digital Personal Data Protection Act, 2023 on Transaction Documents Read More »
DPIIT Recognized Start-Ups Will Not Face Angel Tax Scrutiny : Cbdt Clarifies Section 56(2)(viib) of the Income-tax Act, 1961 stipulates that where a company (other than a public listed company) receives consideration for shares which exceeds the fair market value (“FMV”) of the shares, the excess consideration would be chargeable with income tax, under the …
DPIIT Recognized Start-Ups Will Not Face Angel Tax Scrutiny Read More »
Key Highlights Of Prevention Of Money Laundering (Maintenance Of Record) Third Amendment Rules, 2023 And The Impact On Vdasps The Ministry of Finance on October 17, 2023 notified the Prevention of Money Laundering (Maintenance of Record) Third Amendment Rules, 2023 (“Amendment”) to amend the Money Laundering (Maintenance of Record) 2005 (“PMLA Rules”). Following are some …
Highlights of PMLA (Maintenance of Record) 3rd Amendment Rules, 2023 & Impact on VDASPs Read More »
The Reserve Bank of India (RBI), through its a circular dated: October 17, 2023, amended the Master Direction on Know Your Customer (KYC) (“Master Directions”) to impose stricter Customer Due Diligence (“CDD”) guidelines, instructing regulated entities (which, inter alia, includes NBFCs, scheduled commercial banks, payment system providers, prepaid payment instruments etc.) (“RE”) to adopt a …
Breaking Down the Amendments to RBI’s Master Direction on KYC Read More »
As per the rules of the Bar Council of India, law firms are not permitted to solicit work and advertise.
By clicking the “Agree” button and accessing the website www.burgeon.co.in, the visitor fully understands and accepts that the contents herein are solely for informational purposes and should not be interpreted as solicitation or advertisement. The firm is not liable, in any manner, for the consequences of any action taken by a visitor relying on materials/ information provided on the website. The firm urges visitors to seek independent legal advice for any legal issues.