Data Privacy

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 […]

Delineating The Difference Between A Payment Aggregator – Cross Border And An Online Payment Gateway Service Provider On October 31, 2023, the Reserve Bank of India (RBI) through its circular named Regulation of Payment Aggregator – Cross Border; (the Regulations), has brought all entities involved in facilitating cross-border payments for the import and export of

Withdrawal of Personal Data Protection Bill 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

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.

The Ministry of Electronics and Information Technology (“?????”) published the draft Digital Personal Data Protection Bill, 2022 (“???? ????”) 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