INDIA’S REGULATION ON CRYPTOCURRENCY & BLOCKCHAINS
Cryptocurrency and the Blockchain technology that underpins it are often seen as innovative and disruptive. However, not only the governments of various nations, but also the people of various sections and groups, have responded differently to this unique phenomenon, and everyone has observed Cryptocurrency through their own lens. Cryptocurrency is a virtual or digital money […]
India’s Evolving FinTech Laws & Compliances
FinTech has gotten a lot of attention in recent years. Fintech garnered substantial amounts of FDI, comprehensive government responses, and even significant market acceptance. However, today’s definition of FinTech is payment systems that leverage technology such as PayTM and Gpay – does not always reflect its origins. Originally, Diners Club Cards (early iterations of […]
New GST Regulation for Startups & New ITR e-Filing Portal
The imposition of the Goods and Services Tax[i] (GST) has largely influenced the way start-ups in India function. In the three years since its effective implementation, the number of new start-ups has grown considerably. The introduction of a new tax framework was critical to the elimination of numerous indirect taxes for the startups. GST […]
IBC Amendment 2021: A Bliss for MSMEs
Introduction The President of India, Shri. Ram Nath Kovind, on April 4, 2021, promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021. The said ordinance aims at amending the Insolvency and Bankruptcy Code, 2016, so as to make it more accommodating, cost-effective and hassle free for small businesses in the form of MSMEs (MSME full […]
Pride Month June 2021 – History & Significance
As the world prepares to celebrate Pride Month in June, one may question what Pride Month is and why we celebrate it, especially because there are still many stigmas and a lack of understanding around Pride and the Pride Month. The LGBTQ community has long struggled for the freedom to live a decent life. […]
Legal Challenges Faced by a Startups in India
Startups[i] are young, rapidly expanding businesses started by one or more entrepreneurs. They are in the early stages of development and have limited resources and experience. Even though the Indian government has taken several initiatives to encourage the growth of start-ups in order to promote entrepreneurship and employment by providing easier IPR facilitation, a favorable […]
Complaint over Compliance: WhatsApp’s challenge to the new IT Rules
Global social media giant WhatsApp has moved to the High Court of Delhi, challenging the new IT Rules introduced by the Government of India. WhatsApp specifically protests against the traceability clause and contends it to be unconstitutional. This petition comes at a time when social media operators stand at the verge of being banned […]
Marico v. Abhijeet Bhansali: Influencers and Brand Protection in the age in Social Media
In the early part of 2020, the Bombay High Court was called upon to adjudicate a matter involving a social media influencer. The Bombay High Court’s judgement in the case of Marico Limited v. Abhijeet Bhansali[1] determines the nature of social media influencers’ relationship with marketers and followers/subscribers had an impact on the court’s […]
Kunhi Muhammed Etayattil Vs. The Asst. Registrar of Companies : Kerala HC’s expresses dismay over the in India
The 10 month long brawl The case Kunhi Muhammed Etayattil Vs. The Asst. Registrar of Companies the High Court of Kerala, purports to a writ petition filed by the petitioner in order to set aside a rejection letter given by the Registrar of Companies, regarding an application for incorporating an LLP, with regards to […]
CRYPTOCURRENCY AND ITS LEGALITY IN INDIA
WHAT IS CRYPTOCURRENCY? A cryptocurrency is a digital asset that functions as a medium of exchange where the individual ownership of coin records is stored in a ledger which exists in the form of a database which is computerized using a strong cryptography to secure the records of transfer, to verify the ownership of coins […]
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