Co-authored by Shubhangi Pathak and Aashna Soman The Insurance Regulatory and Development Authority of India (“IRDAI”) has been instrumental in shaping the regulatory framework governing the Indian insurance sector. Recently, by way of a press release dated 24 January 2024,…
Regulatory Updates Standard Operating Procedure for recycling of lead scrap/ used acid batteries The Central Pollution Control Board has issueda standard operating procedure, dated 4 January 2024, listing down the requirements for seeking permission for import of lead scrap/ used…
Regulatory Updates Investments in Infrastructure Debt Funds - NBFC The Insurance Regulatory and Development Authority of India ("IRDAI") has, by way of a circular dated 5 January 2024, eased certain regulations on investment by insurance companies in infrastructure debt funds…
Regulatory Updates Review of the NBFC credit/ investment concentration norms In order to ensure uniformity and consistency in computation of concentration norms among Non- Banking Financial Companies ("NBFC"), the Reserve Bank of India has, vide, notification dated 15 January 2024,…
Enforcement Matters Madras High Court upholds the CCI's jurisdiction to decide on Google's payment systems On 19 January 2024, the division bench of the Madras High Court ("MHC") upheld the rejection of various suits that inter-alia challenged aspects of Google's…
Authored by Anju Jain Kumar, Gunjan Jadiya, Hriday Chokshi Outline Increasing number of copyright claims in the United States and other countries, challenging use of in-copyright works in machine learning and AI generated output. Increasing trend of countries introducing exceptions…
As we ring in the new year, we continue to look at our world with a different perspective. And to help you discover this constantly evolving world, our team at Veritas continues to create this digital annual calendar that hits…
Co-authored by Anju Jain Kumar and Zenia Cassinath On 12th March 2024, the Ministry of Corporate Affairs published the report of the Committee on Digital Competition Law (“CDCL”), which includes a draft of the proposed Digital Competition Bill, 2024 (“DC…
Authored by Zenia Cassinath (Principal Associate) Vide two notifications dated 7th March 2024, the Ministry of Corporate Affairs has (i) enhanced the wholesale price index of the monetary thresholds provided under Section 5 of the Competition Act (“Act”) (“Jurisdictional Thresholds”)…
Authored by Zenia Cassinath (Principal Associate) The Competition Commission of India (Determination of Turnover or Income) Regulations, 2024 (“Turnover Regulations”) and the Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024 (“Penalty Guidelines”) were introduced with effect from 7th…
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