06 Aug 2018

Yet another attempt has been made by the legislative authorities to reduce the number of frivolous cases and expedite the disposal of cases on dishonour of cheques by amending the Negotiable Instruments Act, 1881 (“Act”) to provide interim relief to the genuine/bona-fide complaints. The amendment is an attempt to help trade and commerce in general by allowing lending institutions, including banks, to continue to extend financial support to the productive sectors of economy.>>

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09 May 2018

The Department of Telecommunication has released the Draft National Digital Communications Policy[i] (“The Policy”) on the May 1st 2018, and has invited public comments on the same. This policy aims to accomplish objectives such as broadband for all, creating 4 million additional jobs, enhancing contribution to GDP, achieve better ranking in ICT index, provide digital sovereignty and such other goals by 2022.  In pursuit of India’s transition to a digitally empowered economy and society, the policy envisages following three missions:>>

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04 May 2018

In the wake of the ball-tampering scandal (during the Cape Town Test Match between Australia Vs. South Africa), which left not only Cricket Australia (CA) [the governing body for the game in Australia] but the entire cricketing fraternity in shock, Cricket Australia seems to be determined to make a decisive course correction to prevent recurrence of such incidents. They have announced the setting up of a review paneli to study the behavioral, cultural, organizational and governance aspects of Australian Cricket. The review panel, to be overseen by ex-Australian cricketers Rick McCosker and Peter Collins - Director Australian’s Centre for Ethical Leadership, would also include former players Shane Watson, George Bailey and current leaders Tim Paine and Rachel Haynes. Cricket Australia believes that the panel will be able to identify and recommend actions that would prevent recurrence of such events in future.>>

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22 Apr 2018

It shall be recalled that the Ministry of Corporate Affairs of India (MCA) vide notifications in September 2017 had disqualified many directors and strike off names of many companies from the Register of Registrar of Companies, for failure to file MCA annual returns/annual financial statements, MCA had de-activated the Director Identification Number (DIN) of Directors who were disqualified. Hence, the disqualified Directors were not able to file the overdue annual returns or any other forms with the MCA. Feeling remediless, the disqualified directors of “struck off” companies have again started approaching High Court to seek suitable directions.>>

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27 Feb 2018

From a tax perspective, 2017 was eventful for India. It witnessed application of GAAR (General Anti Avoidance Rules) from April 1, 2017, shifting of the indexation base year from 1981 to 2001[1] for the purpose of capital gains taxation, reduction in corporate tax rate to 25 % for companies having a turnover less than INR 50 Crores among various other tax reforms.>>

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21 Feb 2018

SEBI modified Foreign Portfolio Investment Norms

The SEBI, the capital market regulator in India had simplified and combined all portfolio investments under a common regulation in the year 2014 and collectively named them as Foreign Portfolio Investors (FPI). In terms of USD, net investments by FPI during 2016-17 both including in equity and debt was at USD 7,177 million demonstrating deep interest of foreign investors in Indian Capital Market.>>

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20 Feb 2018

Recently, while researching for a talk on IP strategies for start-ups, I realised that Intellectual Property (IP) experts tend to view this topic through pretty much the same lens through which they see IP for any other entity. Almost every article related to the topic of “IP for start-ups” essentially covered the importance of IP in general without distinguishing the fact that start-ups are different from larger, more established entities. While advising start-ups on IP, experts generally try to push start-ups to create and protect IP, ignoring their life-stage, financial situation and process maturity.>>

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