Co-authored by Manav Raheja, Co-authored by Jhinook Roy (Partner) and Swasti Patoria (Associate) Potnis, Hriday Chokshi and Samarth Srivastava The Reserve Bank of India has recently introduced directions on 13th September 2023 to streamline practices by all Commercial Banks (excluding Payments…
Co-authored by Manav Raheja, Avadhoot Potnis, Hriday Chokshi and Samarth Srivastava The Indian Government recently introduced the latest version of the Digital Personal Data Protection Bill, 2023 (“Bill”) in the Lok Sabha (Lower House of the Parliament). The Bill was…
Regulatory Updates Addendum to the Dredging Guidelines for Major Ports The Ministry of Ports, Shipping and Waterways (“MoPSW”) has, on 16 March 2023, issued an addendum to the Dredging Guidelines for Major Ports 2021 ("Addendum"). The Addendum became publicly available…
Regulatory Updates RBI Framework for Acceptance of Green Deposits The RBI has introduced guidelines on 11 April 2023 (effective from 1 June 2023) to encourage regulated entities (viz., scheduled commercial banks excluding regional rural banks, local area banks and payments…
Enforcement Matters Supreme Court holds that the Competition Act is applicable to Coal India Limited On 15 June 2023, the Supreme Court rejected an appeal filed by Coal India Limited ("CIL") which primarily contended that CIL and its subsidiaries could…
Regulatory Updates Committee on Regulatory Sandbox for Inviting Applications and Guidelines on Operational Issues pertaining to the Regulatory Sandbox The Insurance Regulatory and Development Authority of India ("IRDAI") has vide notification dated 31 March 2023, made the process of filing…
Co-authored by Shubhangi Pathak, Partner and Madhulika Iyer, Associate In furtherance of the recently notified IRDAI (Registration of Indian Insurance Companies) Regulations, 2022 (“Registration Regulations”), the Insurance Regulatory and Development Authority of India (“IRDAI”) has also notified the Master Circular…
Co-authored by Jhinook Roy, Partner and Junaid Lirani, Associate In the backdrop of UK’s Financial Conduct Authority (“FCA”) announcing in March 2021, that the London Interbank Offered Rate (“LIBOR”) would either cease to be provided by any administrator or would…
Co-authored by Manav Raheja (Senior Partner), Kanisha Vora (Partner), Avadhoot Potnis (Associate) The Ministry of Electronics and Information Technology released the much-awaited draft Digital Personal Data Protection Bill, 2022 (“Draft Bill”) on 18 November 2022, which is a more concise…
Co-authored by Somrita Chatterji (Partner) and Avadhoot Potnis (Associate) A Non-Disclosure Agreement (“NDA”) is a legal document signifying mutual consent of the parties to render certain information exchanged pursuant to a commercial transaction as confidential. An NDA safeguards sensitive information…
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