RBI’s Seventh Amendment to FEMA Regulations on Foreign Currency Accounts: Strengthening IFSC Integration and Export Flexibility
INTRODUCTION The Reserve Bank of India (“RBI”) has notified the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Seventh Amendment) Regulations, 2025, which came into effect on 6th October 2025. The said amendment, issued by the RBI in exercise of the powers conferred upon it under Foreign Exchange Management Act, 1999 …
INGREDIENTS OF STATUTORY NOTICE UNDER SECTION 138 EXPLAINED: THE LEGAL SIGNIFICANCE OF CHEQUE AMOUNTS & IMPACT OF ERRORS IN THE NOTICE.
INTRODUCTION The dishonour of cheques has long posed significant challenges in commercial transactions, raising questions of both civil and criminal liability. One recurring issue under Section 138 concerns the statutory demand notice required under proviso (b) of the Negotiable Instruments Act, 1881 (“the Act”). The law mandates that upon dishonour of a cheque, the payee …
RBI’S FREE-AI FRAMEWORK: NAVIGATING THE LEGAL AND REGULATORY LANDSCAPE
Overview On August 13, 2025, the Reserve Bank of India (“RBI”) released the much-anticipated committee report on Framework for Responsible and Ethical Enablement of Artificial Intelligence (“FREE-AI”) in the financial sector. This comprehensive framework, developed by a committee chaired by Dr. Pushpak Bhattacharyya of IIT Bombay, marks a significant milestone in India’s approach to AI …
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Online Gaming in India: Opportunities and Challenges Under the Promotion and Regulation of Online Gaming Act, 2025
Introduction: In today’s digital age, gaming—like any other form of entertainment—has become readily accessible at our fingertips. While playing for recreation is harmless, in some cases excessive gaming can lead to addiction, financial losses, and even serious mental health concerns such as anxiety and depression. This raises an important question: where does one draw the …
MODIFICATION OF ARBITRAL AWARDS: A CHANGING PERSPECTIVE.
Introduction: The power of courts to modify arbitral awards under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996 (“the Act”), has consistently been a matter of conflicting interpretation, with divergent views expressed by various High Courts and even the Supreme Court of India.
Sonali Power Equipments Pvt. Ltd. v. MSEB & Ors
The Supreme Court’s judgment in Sonali Power Equipments Pvt. Ltd. v. MSEB & Ors. brings much-needed clarity to a long-contested issue under the Micro, Small and Medium Enterprises Development Act, 2006 (“MSMED Act”): Can time-barred claims be referred to conciliation or arbitration under Section 18 of the Act? The Court’s nuanced view, outlines the procedural …
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Strengthening Oversight Through Legislation: Delhi’s School Fee Reforms
Private unaided schools occupy a peculiar position in Indian education law, they are private enterprises delivering a public good, subject to both the Right of Children to Free and Compulsory Education Act, 2009 (RTE Act) and state-specific education laws.
How MeitY’s CMS Guidelines Will Shape Everyday Data Use
The introduction of the Digital Personal Data Protection Act, 2023 (“DPDPA”) marked a long-awaited step in the privacy journey of India, moving the focus from merely granting rights and obligations on paper towards the real challenge of implementing these standards in practice. To facilitate this transition, the Ministry of Electronics and Information Technology (“MeitY”) has …
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IMPROPER ARREST BEING A GROUND OF BAIL – KARNATAKA HIGH COURT CLARIFIES
INTRODUCTION The question of whether an improper or irregular arrest automatically entitles an accused to bail has been the subject of considerable judicial scrutiny. This issue has gained renewed significance with the enactment of the Bharatiya Nagarik Suraksha Sanhita, 2023 (“BNSS”), particularly Section 483, which governs the grant of bail.
FROM CREATION TO PROTECTION: IP STRATEGIES FOR THE AI ERA
OVERVIEW In today’s tech-driven world, Artificial Intelligence (AI) is transforming the way businesses operate, innovate, and connect with consumers. With the emergence of AI, we also see new trends whereby people transform their photos to various animated styles.