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Corporate Amicus: February 2022

India has seen rapid adoption of crypto or digital currencies for trading and investment purposes. However, there is an uncertainty on the legal status and dealing with the same by the residents. The Bill proposing a sweeping ban has been listed twice in the legislative business of Lok Sabha and while the draft bill is in the dock, the Finance Minister in Budget 2022 has announced taxation of crypto profits.

Corporate Amicus: January 2022

In India, one set of facts expose an economic offender to prosecution under multiple legislations. In order to fully understand and organize how economic offences are being tackled today, the article in this issue...

Corporate Amicus: December 2021

The article in this issue of Corporate Amicus reviews the recent changes made by the Securities and Exchange Board of India (‘SEBI’) in the related party transaction (‘RPT’) regime for listed entities. The article discusses the changes made in the definition of ‘related party’ and how the ambit of RPT has been widened to include transactions between a listed entity or its subsidiaries on one side and a related party of the listed entity or its subsidiaries on the other side.

Corporate Amicus: November 2021

The article in this issue of Corporate Amicus analyses the Special Purpose Acquisition Companies (‘SPACs’) which raise capital from an initial public offering (‘IPO’) to acquire an unspecified operating business.

Corporate Amicus: October 2021

The article in this issue of Corporate Amicus discusses the proposed amendments relating to the fall-back liability in the Consumer Protection (E-Commerce) Rules, 2020. The clause makes a paradigm shift in the liability of the online retailers who until now majorly functioned in the nature of middlemen but with these Rules coming into force, will become directly and vicariously responsible for the damage caused by the vendor to the customer.

Corporate Amicus: September 2021

The article in this issue of Corporate Amicus analyses the Master Direction on Prepaid Payment Instruments (PPI) issued by the Reserve Bank of India recently. The article notes that the latest directions have classified PPIs into two new categories, i.e. small PPIs and full-KYC PPIs, with an aim to simplify the regulatory procedure, as compared to the three categories provided in 2017 (Closed Systems PPI, Semi-Closed Systems PPI, and Open Systems PPI).

Corporate Amicus: August 2021

The first article in this 10th Anniversary issue of Corporate Amicus discusses a recent Supreme Court decision in the case of Silpi Industries v. Kerala State Road Transport Corporation. The Apex Court has categorically stated that, in order to seek the benefit under the Micro Small and Medium Enterprises Development Act, 2006, the seller should have been registered under the said Act on the date of entering into the concerned contract.

Corporate Amicus: July 2021

The article in this issue of Corporate Amicus analyses few recently proposed amendments in the Consumer Protection (E-Commerce) Rules, 2020. The changes, once notified, will not only impact the e-commerce operators (both marketplace as well as inventory-based model entities) but also entities which are engaged by such operators for fulfilment of orders placed by buyers on an electronic portal or mobile based application.

Corporate Amicus: June 2021

Highlighting the participation of corporate India in supplementing the efforts of the government, the first article in this issue of Corporate Amicus discusses at length an important recent amendment in the Corporate Social Responsibility (‘CSR’) provisions. According to the changes, Section 135(6) of the Companies Act, 2013 now enables corporates to transfer unspent amounts concerning an ‘on-going project’ to a separate account designated as an ‘unspent CSR account’.

Corporate Amicus: May 2021

The first article in this issue of Corporate Amicus discusses various changes in the framework of the contract labour, which will come into effect when the Code of Occupational Safety, Health and Working Conditions, 2020 (‘Code’) will come into force.