Pharmaceutical Regulations: Central Government forms a Five-Member Committee to review marketing practices of pharmaceutical companies
Co-authored by Rahul Dwarkadas (Partner) | Rohini Jaiswal (Senior Associate) | Sanaya Contractor (Senior Associate) The Central Government of India has recently formed a High-Level Committee consisting of five members led by Mr. V K Paul, Member (Health) of NITI…
ESG Disclosures for Indian Companies
Co-authored by Kanisha Vora (Partner) | Sunil Neelakantan (Associate) | Janhavi Rajkumar (Associate) 1. Legal background As we enter the financial year 2023, the year from which SEBI’s Business Responsibility and Sustainability Reporting framework(“BRSR”) becomes mandatory for the top 1000 listed companies…
Elements of a Privacy Policy in India
Co-authored by Rahul Dwarkadas (Partner) | Rohini Jaiswal (Senior Associate) 1. Legal background Data Privacy and Protection regime in India is presently regulated by the Information Technology Act, 2000 (“IT Act 2000”) in conjunction with the Information Technology (Reasonable Security…
Impact of COVID 19 on the Pharmaceutical Industry in India
Co-authored by Rahul Dwarkadas (Partner) | Sanaya Contractor (Senior Associate) | Rohini Jaiswal (Senior Associate) 1. In the pre-COVID-19 era, the Indian drugs and pharmaceutical industry held a third ranking worldwide for immense production by volume and fourteenth by value…
Commercial Disputes: Supreme Court declares that pre-institution mediation and settlement is mandatory for disputes filed under the Commercial Courts Act, 2015 where no urgent interim reliefs is sought failing which the plaint must be rejected
In a ruling having far-reaching impact on commercial litigations, a Division Bench of the Supreme Court of India, on August 17, 2022, in the case of M/s Patil Automation Private Limited and others vs. Rakheja Engineers Private Ltd and other connected matters has ruled that…
The rise of foreign investment in Indian real estate
Authored by Ashwin Mehta (Associate) The real estate sector is one of the most recognised sectors worldwide from an investment standpoint and primarily consists of four sub-sectors – residential, commercial, hospitality and retail. In India, the real estate sector is…
Prevention of Money Laundering Act, 2002: SC upholds validity of the stringent twin-conditions for bail amongst other provisions and says it is enough if Enforcement Directorate discloses grounds at the time of arrest
A Constitution Bench of the Supreme Court of India on 27th June, 2022, while deciding a batch of over 200 petitions challenging certain provisions of the Prevention of Money Laundering Act, 2002 (“PMLA”) relating to the power of arrest, attachment, and…
Abhijit Joshi, Founding Partner, Veritas Legal, Ex-AZB Senior Partner on starting up with Veritas
Abhijit Joshi is a founding partner of Veritas Legal, Advocates and Solicitors, and is also a qualified member of the Law Society of England and Wales. Abhijit graduated in Commerce and qualified in law from Mumbai University. Over the course…