“Why would they target me, I am just a lawyer?”, I believed until I was greeted with a strange message on my laptop a few days back: “Your documents, photos, databases and other important files have been encrypted!…………” The message popped up on a notepad like document in the afternoon of May 18, 2016, and […]
The Central Board of Direct Taxes (“CBDT”) with the objective to reduce litigation and to maintain consistency in approach on the issue of treatment of income derived from transfer of shares and securities, has issued circular no. 6/2016 dated February 29, 2016 (“Circular”), and a follow up letter no. F.No.225/12/2016/ITA.II dated May 2, 2016, (“the […]
A. Supreme Court quashes TRAI Regulations on call drops The Hon’ble Supreme Court of India has quashed the Telecom Consumers Protection (Ninth Amendment) Regulations dated October 16, 2015 (“Regulations”) issued by the Telecom Regulatory Authority of India (“TRAI”). The Regulations, which prescribed a financial disincentive (Rs. 1 for each call drop limited to a maximum […]
With strict regulations being implemented on schools from time to time, the Delhi schools have been saddled with another compliance to be followed before terminating services of their employees as has been clarified by the Supreme Court of India (“SC”) in its recent judgment passed in the matter of Raj Kumar vs. Director of Education […]
Call drops can be simply explained as the service provider’s ineptitude in maintaining a call between users and providing continued service once a call has been correctly established. Inadequate infrastructure, overloaded networks and fast paced expansion with poor investment by Telecom Service Providers (“TSPs”) to match the expansion are some of the reasons behind this […]
E-commerce and its permissiveness in India has been a long debated and sometimes controversial topic. E-commerce not only faces a lot of opposition from the brick and mortar retail lobby but also suffers from the restrictive government policy on the Foreign Direct Investment (“FDI policy”). Some relaxations were brought in last year to allow a […]
The continued logjam on the effective working of the Parliament and the conflicting self-interest of political parties (at the cost of the nation) ensures that the legislature is unable to perform its key function of legislating new enactments to meet the needs of the changing times. One such important legislation awaiting enactment is the new […]
India has become the fastest growing Start-Up base worldwide and stands third in the global Start-Ups ecosystem as per NASSCOM Start-Up Ecosystem Report 2015. With more Start-Up ventures taking shape, the ecosystem for establishing a successful a Start-Up is not only competitive but also tough to survive. In this scenario, novelty and innovation plays a […]
India’s mobile phone subscribers recently crossed the one billion mark. With the cheapest call tariffs in the world, India’s mobile user base is expected to contribute to massive growth in data usage and internet accessibility through mobile phones in the near future. However, the Telecom Regulatory Authority of India (TRAI) has a bigger problem on […]
RBI DIRECTED TO DISCLOSE INFORMATION UNDER RIGHT TO INFORMATION ACT The issue of whether the Reserve Bank of India (“RBI”) is bound to disclose information sought under the Right to Information Act, 2005 (“RTI Act”) was recently examined by the Hon’ble Supreme Court in the case Reserve Bank of India and Ors. […]
The e-commerce boom and build-up of online sales, has opened up a massive opportunity for the online service providers/aggregators. Popularity of the online market places has however, also brought with it certain legal and regulatory challenges especially in relation to taxability of the online aggregators. One such issue that the online aggregators seem to […]
Under the Consolidated Foreign Direct Investment Policy (“FDI Policy”) issued by the Department of Industrial Policy & Promotion (“DIPP”), FDI is permitted upto 100% under the automatic route in companies engaged in E-Commerce provided such companies would engage only in Business to Business (B2B) e-commerce. FDI in E-Commerce with respect to retail trading, however, was […]