As we enter the last quarter of 2024, the fintech landscape in India is witnessing significant transformations, driven by a blend of regulatory advancements and innovative market strategies. Financial regulators such as...

“The sky above the port was the color of television, tuned to a dead channel.” – William Gibson, Neuromancer (1984). Regarded as the earliest and best-known works in the cyberpunk genre, through Neuromancer,...

SEBI’s proposed data sharing policy aims to decentralise data sharing by empowering Market Infrastructure Institutions to manage their own data frameworks. It introduces a ‘two-basket’ approach separating...

“In the rapidly evolving fintech landscape, regulatory bodies and industry players keep playing complementary roles in actively shaping the future of digital finance, with key focus being on cybersecurity and...

This volume highlights some significant developments from the month of August including the order by the Supreme Court of India on the Central Government Notification which omitted the approval requirement for ads of...

The month of June 2024 saw a flurry of regulatory activity aimed at fostering innovation, while ensuring robust governance and compliance frameworks. The RBI, the IRDAI and the IFSCA, all made a splash with some major...

Presenting Volume XXIV of INDUSLAW’s The Recap, your round-up of legal updates for the Media & Entertainment and Gaming industries. “Hope is a good thing, maybe the best of things, and no good thing ever dies.”...

As AI continues to impact countries worldwide, the European Union set a groundbreaking precedent with the enactment of the European Union Artificial Intelligence Act, 2024. Effective from August 1, 2024, this landmark...

Presenting Volume XXIII of INDUSLAW’s The Recap, your round-up of legal updates for the media & entertainment and gaming industries. Just as Spike Spiegel and his crew of bounty hunters attempted to navigate an...

May marked several sweeping regulatory developments in the fintech space. While the proactive approach of the RBI in monitoring the NBFCs caused a stir, several other key developments also made the headlines like...

The Reserve Bank of India (“RBI”) issued draft circulars on regulation of payment aggregators – physical point of sale and draft amendments for the PA-PG Guidelines. These draft circulars mark a significant shift...

Presenting Volume XXII of INDUSLAW's The Recap, your round-up of legal updates for the media & entertainment and gaming industries. A key theme of some of the updates for this edition is the jurisprudence in India on...

As the Indian fintech landscape continues to evolve rapidly, April 2024 was no exception as it sparked an exciting kick off to the financial year. The month was inundated with a host of power moves from the RBI and the...

In a world where algorithms can compose symphonies, write novels, and paint masterpieces that challenge human imagination, the rise of generative artificial intelligence is nothing short of a digital renaissance. With...

William Gibson's seminal cyberpunk science-fiction novel ‘Neuromancer’ (1984) is often cited for its comment on the accessibility of technological innovations for the masses, artfully captured by the phrase “the...

Is it true? Is it necessary? Is it kind?” – this very famous question was posed by Greek philosopher Socrates, to his followers. In essence, he impressed on his followers to ask themselves whether what they speak is...

On January 29, 2024, the International Financial Services Centre Authority (“IFSCA”) notified the IFSCA (Payment Services) Regulations, 2024, for the regulation and supervision of any person proposed to provide...

January 2024 has witnessed significant changes in the regulatory landscape in India, which may have a nuanced impact on the fintech sector in the country. Particularly, the regulatory action taken against Paytm as well...

Welcome, legal hitchhikers, to another voyage through the dynamic frontiers of the Media and Entertainment (M&E) space. This month, we’re channelling our inner Arthur Dent as we navigate (yet again) the uncertainties...

October and November 2023 were not just any other months for the fintech space. From the introduction of new regulations for NBFCs to bringing in some interesting amendments to the Prevention of Money Laundering Act,...

The month of December 2023 saw several regulatory measures in the fintech space. While the Financial Intelligence Unit-India’s crack down on offshore cryptocurrency platforms made the headlines, we also witnessed...

‘You are missing out on low prices’ or 'Hurry! Limited Stock!'– sounds familiar? Last minute price surges during flight bookings? Forced to make a quick purchase because several others have the same item...

Please find appended below Volume XIX of INDUSLAW’s ‘The Recap’, a periodic round-up of the latest developments in Media, Entertainment and Gaming laws from India, authored by members of INDUSLAW’s TMT Team....

The adoption of artificial intelligence, machine learning and algorithmic trading has marked a radical shift in the securities market sector. With reports evidencing higher number of trades on stock exchanges being...

In 1865, when the automotive industry was still in its nascent stage, British Parliament enacted a law (which later came to be known as the ‘Red Flag Act’), which placed several unreasonable restrictions on...

‘Lights, Camera & Action!’ – an iconic expression in the realm of cinema, has also served as a cue for the members of the film crew at the commencement of every take. However, the extent to which each of these...

September 2023 was another notable month for the fintech sector. With the successful completion of the Global Fintech Festival, 2023, the month was also a testament to the significant impact which India left on the...

The classication of expenditure into capital or revenue has always been a contentiou and despite several ruling of the SC on this matter, this issue is far from being resolved.

Data, an expression that propels the wheels of digital economy also serves as a catalyst for lawmakers to embrace innovation while enacting laws which are aimed at protecting data and strengthening data privacy. At a...

The plausibility of past incidents to incite ripple effects on the future, as aptly addressed by Robert Zemeckis’ 1985 science-fiction film ‘Back to the Future’ closely resonates with the developments incumbent in...

The months of July and August have witnessed significant changes in the regulatory landscape in India, which may have a nuanced impact on the fintech sector in the country. Particularly, the notification of the Digital...

While India's Digital Personal Data Protection Act is not yet in effect, the...

While India has taken a big step towards upholding digital privacy with the recent enactment of the Digital Personal Data Protection Act, 2023, the new law will impact businesses in multiple not so obvious but...

Please find appended below Volume XVI of INDUSLAW's The Recap, a round-up of the latest developments in Media, Entertainment and Gaming laws from India, authored by members of INDUSLAW’s TMT Team. This edition covers...

In September 2022, the Reserve Bank of India released the Digital Lending Guidelines, a sectoral regulation that governs regulated entities such as Non-banking Financial Companies or banks offering digital lending...

Please find appended below Volume XV of INDUSLAW's The Recap, a round-up of the latest developments in Media, Entertainment and Gaming laws from India, authored by members of INDUSLAW's TMT Team. This edition covers...

As we stand on the cusp of a new era in data protection, it is our privilege to present to you an invaluable resource: an elaborately crafted FAQ document shedding light on all frequently asked questions on the Digital...

Our latest edition of the fintech newsletter addresses the most important developments in June 2023 in the fintech space. This edition highlights key regulatory changes that are significant for both regulated as well as...

On August 3, 2023, the Union Cabinet introduced the 'Digital Personal Data Protection Bill, 2023'. This Bill marks a crucial stride in safeguarding personal data within India. The Bill empowers individuals with greater...

This article is authored by Kaushal Mahan, vice president, Chase India and Avimukt Dar, founding partner at INDUSLAW.

Fintech’s potential to transform the delivery of financial services continues to take more meaningful strides as India is embracing global breakthroughs in artificial intelligence (“AI”) and machine learning...

MSMEs are a significant contributor to India’s economy, not only in terms of GDP but also in terms of generating employment and socio-economic growth. MSMEs will lose out in a big way if they are not able to meet the...

Please find appended below Volume XIII of INDUSLAW’s The Recap, a monthly round-up of the latest developments in Media & Entertainment and Gaming laws from India, authored by members of INDUSLAW’s TMT Team. This...

Nearly a decade after the digital lending space first saw default loss guarantee arrangements, they seem to have received regulatory blessing from the Reserve Bank of India, with the issuance of the Default Loss...

The Reserve Bank of India had amended the Master Direction on Know Your Customer dated February 25, 2016, thereby introducing key changes such as enhanced due diligence for non-face to face customer onboarding. This...

The banking and finance sector is facing several challenges, including rising competition from non-bank financial institutions, increasing regulatory compliance costs, and the need to invest in new technologies....

he virtual digital asset (VDA) sector, primarily encompassing cryptocurrencies and virtual currencies, has gained significant popularity among investors and technology enthusiasts over the years. In fact, in India...

Digital Business in India: A Q&A Guide

Please find appended below Volume XII of INDUSLAW’s The Recap, a monthly round-up of the latest developments in Media, Entertainment and Gaming laws from India, authored by members of INDUSLAW’s TMT Team. This...

The crypto assets sector has been on the watch list of both investors and lawmakers in recent years due to the increased adoption across the world. India has an estimated 25 to 30 million crypto investors, and the...

As India gears towards tabling the Digital Personal Data Protection Bill, 2022 (“DPDP”) in the Parliament, we examine and compare the legal landscape of India, the European Union and the United States vis-a-vis...

As our Prime Minister opined, world economies must not resist the “natural ow of globalisation”,and given globalisation is increasingly dependent on digitisation, our laws need to be nimble enough.

Please find appended below Volume XI of INDUSLAW’s The Recap, a monthly round-up of the latest developments in Media & Entertainment and Gaming laws from India, authored by members of INDUSLAW’s TMT Team.  This...

The Reserve Bank of India on April 10, 2023, issued the Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023 ("Directions") to govern and regulate Information Technology services...

The continuous advancements in the fintech sector in the recent past has led to some key developments in this space, which has influenced the landscape of financial services in India. In this issue of the fintech...

The Central Government on April 06, 2023, provided the much awaited and needed regulatory clarity to the online gaming industry by amending the Information Technology (Intermediary Guidelines and Digital Media Ethics...

Digital India Mission has been BharatNet (giving last mile connectivity to rural clusters), U (ensuring biometric-based digital identication system), Government e-Marketplace (GeM one-stop e-market for procurement of...

Change is the only constant. We live in a fast-paced society with limited time, as a result everyone’s a big fan of a wrap. We at INDUSLAW through this piece are attempting to do the same with all things data, thus...

There is more than one way to burn a book. And the world is full of people running about with lit matches. - Ray Douglas Bradbury. Burning books, or rather its 21st century equivalent – banning content (whether...

The fintech industry continues to evolve at an unprecedented pace, driven by advances in technology, changing consumer preferences, and regulatory developments. We at INDUSLAW have been closely monitoring these...

In view of the surge of advertisements on the internet, the Department of Consumer Affairs on January 20, 2023, released a Guide titled ‘Endorsements Know-hows! - for celebrities, influencers and virtual influencers...

The final quarter of the year 2022 witnessed several regulatory movements which have the potential of bringing about a sea of change in the fintech sector and provides an optimistic outlook to what lies ahead in 2023....

Emerson was a 19th century American philosopher, essayist, and abolitionist. In the 1830s, through his writings and speeches which criticised society for its unthinking conformity, he laid down the foundation of...

The Union Minister of Finance and Corporate Affairs, Ms. Nirmala Sitharaman presented the Union Budget 2023 in Parliament on the 1st of February 2023. The Budget builds on the vision set out in previous annual budgets...

The RBI launched the pilot project of India’s much awaited Central Bank Digital Currency (CBDC) on 1st December following the release of concept note. INDUSLAW’s Namita Viswanath, Sruthi Srinivasan and Pravi Jain...

The Ministry of Electronics and Information Technology, on November 18, 2022, released the fourth iteration of India’s draft data protection law, the Digital Personal Data Protection Bill, 2022 with an aim to simplify...

Every two months, as our TMT team goes about handpicking updates that we want to discuss in the next volume of ‘The Recap’, one of the criteria that we keep in mind is whether a development is expected to have a...

The manifold expansion of the digital space in terms of presence and activities of users, especially since the Covid-19 pandemic has resulted in paradigm shifts in the existing regulatory regime in India which was...

The government released the draft Indian Telecommunication Bill, 2022 for consultation on 21st September. INDUSLAW’s Namita Viswanath, Naqeeb Ahmed, Aditya G and Pravi Jain share their insight on the draft bill.

Please find appended below Volume VII of INDUSLAW’s The Recap, a bi-monthly round-up of the latest developments in Media & Entertainment and Gaming laws from India, authored by members of INDUSLAW’s TMT Team led by...

The second quarter of the year 2022 has witnessed the announcement of several key initiatives and regulatory changes by the RBI; some of which have been hailed and welcomed by the industry while others that have not...

With data leaks, ransomware attacks and other cyber security incidents becoming increasingly rampant, India's cybersecurity watchdog – CERT-In recently issued directions relating to information security practices,...

Please find appended below Volume VI of INDUSLAW's The Recap, a bi-monthly round-up of the latest developments in Media & Entertainment and Gaming laws from India, authored by members of INDUSLAW's TMT Team led by...

On April 21, 2022, the Reserve Bank of India issued the Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022. The Master Direction gives a comprehensive set of instructions,...

Introduced with the objective of providing a cost effective means of verification and authentication of the identity of an individual, Aadhaar cards are now one of the most frequently used and accepted identity and...

Presenting Volume V of INDUSLAW's The Recap, a bi-monthly round-up of the latest developments in Media & Entertainment and Gaming laws from India, authored by INDUSLAW's Mumbai TMT Team led by Partner Ranjana...

With the final quarter of the financial year 2021-2022 coming to a close, we note that the Indian fintech sector has witnessed strong growth amounting to a market size of United States Dollars 31 billion. The Reserve...

Presenting Volume IV of INDUSLAW’s The Recap, a bi-monthly round-up of the latest developments in Media & Entertainment and Gaming laws from India, authored by INDUSLAW’s Mumbai TMT Team led by Partner Ranjana...

In a significant judgment for the online skill gaming industry, the Karnataka High Court on February 14, 2022 in the matter of All India Gaming Federation v. State of Karnataka and Anr. quashed key substantive...

The Indian fintech sector provides an optimistic outlook for the upcoming year of 2022. INDUSLAW’s Avimukt Dar, Suneeth Katarki, Namita Viswanath, Shreya Suri, Raghav Muthanna, Aditya Girish Chandra, and Abhijit...

This edition is an eclectic mix of updates from the months of November & December 2021 and range from courtroom updates for skill gaming operators to crucial verdicts on copyright & trademark laws along with a snapshot...

The Indian fintech sector has continued to grow and attract investments. In line with the policy objective of consumer protection and to make digital payment systems more secure and convenient for consumers, the RBI has...

Induslaw bring to you The Recap, a short yet extensive compilation of legal updates from India for the Media & Entertainment and Gaming industries so that while you do not miss out on developments...

Presenting the inaugural edition of The Recap, a bi-monthly round-up of the latest developments in Media & Entertainment & Gaming laws from India, authored by Ranjana Adhikari, Shashi Shekhar Misra & Arjun Khanna. This...

The Madras High Court recently quashed those amendments to the Tamil Nadu Gaming Act, 1930 which had imposed a blanket ban in Tamil Nadu on all games played for stakes (including online games and skill games)....

The Government of India has recently launched 'e-RUPI', a new digital payment solution built on the UPI system. INDUSLAW's Namita Viswanath, Shreya Suri, Shobhika Upadhyay, Maygha Viswanat, and Shantanu Mukul provide an...

The Bombay High Court has passed an interim order staying Rule 9(1) & 9(3) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, which mandated adherence to a prescribed...

The Indian fintech space remains one of the fastest growing sectors, with companies evolving new business models to digitise more aspects of banking and financial services and expand their offerings into overseas...

The Fintech sector in India has continued to grow despite the Covid-19 pandemic and is now one of the largest fintech markets worldwide. INDUSLAW discusses key developments in the Indian fintech space from January 01,...

The RBI has made public certain clarifications with respect to the Guidelines on Regulation of Payment Aggregators and Payment Gateways. INDUSLAW’s Avimukt Dar, Namita Viswanath, Shreya Suri, Anantha Desikan S and...

In response to the mass dissemination of fake news and offensive/ unregulated content online, the Indian Government has issued a Digital Media Ethics Code for intermediaries, social media companies and OTT Platforms....

The law on the mandatory requirement of filing a certificate under Section 65B (4) of the Evidence Act has remained uncertain. The Supreme Court, by way of its recent judgment in Arjun Panditrao Khotkar v. Kailash...

The Indian fintech market has continued to grow and evolve, with the Covid-19 pandemic accelerating digitization amongst consumers, micro, small and medium enterprises (“MSMEs”), banks, and other financial...

INDUSLAW is a multi-specialty Indian law firm with 49 partners and over 180 lawyers across four offices in Bengaluru, Delhi, Hyderabad, and Mumbai. We advise foreign and domestic clients on matters of Indian law in...

INDUSLAW is a multi-specialty Indian law firm with 49 partners and over 180 lawyers across four offices in Bengaluru, Delhi, Hyderabad, and Mumbai. We advise foreign and domestic clients on matters of Indian law in...

The Advertising Standard Council of India (“ASCI”) has issued the guidelines for advertisers in relation to Online Gaming for Real Money Winnings (the “Gaming Guidelines”), effective from December 15, 2020. The...

The New OSP Guidelines have been issued by the DoT with the objective of devising a framework to accommodate the constant innovations in technology and for setting up a platform for OSPs to operate in the most...

Despite the recent economic slowdown in India with the extended lock-down, the fintech industry has continued to attract investments, with Covid-19 having fast-tracked adoption of digital solutions by consumers, banks,...

While the boons of social media promotions are manifold, they are not without their own set of pitfalls. Through this Article, INDUSLAW’s Aditi Verma Thakur and Pooja Nair make an attempt to highlight the two sides of...

The Reserve Bank of India issued a Press Release on August 18, 2020, placing on its website a 'framework for authorization of pan-India umbrella entity for retail payments'. The Framework is a welcome move by the RBI...

Legislative protections and immunities granted to e-commerce marketplaces over the years have significantly contributed to the continued growth and development of digital platforms for communication, trade and commerce....

The economic disruptions owing to the current pandemic, have impacted funding globally, with venture-backed investments in India falling drastically between March and June 2020, as compared to the same period last...

In the wake of growing tensions between India & China, India amended its FDI Policy to restrict investments from neighboring countries. Recently, it also released a press note banning 59 Chinese applications, with...

In the second round of litigation between E-commerce platforms such as Amazon, Flipkart and Snapdeal (“E-commerce platforms”) and Direct Selling Entities (“DSEs”) such as Amway, Oriflame, and Modicare earlier...

The sudden outbreak of the novel coronavirus led the Government of India to impose a nationwide lockdown in an attempt to control the spread of the pandemic. The lockdown which began on March 25, 2020, deeply impacted...

The Ministry of Information and Broadcasting notified the 'Policy Guidelines for Empanelment of Social Media Platforms with the Bureau of Outreach and Communication' on May 13, 2020. The policy sets out the terms of...

The COVID-19 pandemic, and the government restrictions in its wake, have had a major impact on the media and entertainment industry. INDUSLAW's Tanu Banerjee, Ishan Johri, and Garima Kedia discuss the impact of such...

Despite the economic slowdown due to the COVID-19 pandemic, the Indian fin-tech sector has done exceedingly well this past quarter, with uninterrupted innovation and investments in the space. Fin-tech enterprises...

COVID-19 has brought the world to its knees. Countries are at different stages of transmission of the pandemic, trying their best to cope with their growing economic and social impact. Governments world-over...

The words like 'national security' have a tendency for governments, courts, civil society and intelligentsia (meant to lead, navigate and gravitate the masses towards an apt-course) to wrinkle/shrink (if not shirk-away)...

The RBI has decided to comprehensively regulate the activities of payment aggregators and provide baseline technology-related recommendations to payment gateways. The substantive Guidelines come into effect from April...

In its financial stability report dated December 27, 2019, the Reserve Bank of India (the 'RBI') proposed the New Umbrella Entity (the 'NUE') for retail payment systems, to offer alternative digital retail payment...

The fin-tech sector in India has been witnessing increased attention and growth on account of digital inclusion, technological innovations, and interest from second-time entrepreneurs like Kunal Shah (FreeCharge and...

The Personal Data Protection Bill, 2019 (the 'PDP Bill') and the California Consumer Privacy Act of 2018 (the 'CCPA') have been formulated with the primary intention of protecting the privacy rights of individuals with...

INDUSLAW is a multi-speciality Indian law firm with 42 partners and over 150 lawyers across four offices in Bengaluru, Delhi, Hyderabad and Mumbai. We advise foreign and domestic clients on matters ...

INDUSLAW is a multi-speciality Indian law firm with 42 partners and over 150 lawyers across four offices in Bengaluru, Delhi, Hyderabad and Mumbai. We advise foreign and domestic clients on matters of Indian law in...

On August 3, 2023, the Union Cabinet introduced the 'Digital Personal Data Protection Bill, 2023'. This Bill marks a crucial stride in safeguarding personal data within India. The Bill empowers individuals with greater...

On October 23, 2019, the Delhi High Court held that Indian courts can issue orders to internet intermediaries like Facebook, Google, and Twitter to take down defamatory content published by users on the intermediaries...

The Information Technology Act, 2000 ('IT Act') and the Information Technology (Intermediaries Guidelines) Rules, 2011 ('Intermediaries Guidelines') sets out a framework providing for conditional safe harbour immunity...

Proposed amendments to the rules governing online intermediaries were published at the end of 2018, intending to curb the posting of illegal online content and increase accountability. INDUSLAW shared its views with the...

The Telecom Regulatory Authority of India recently released a consultation paper on the regulatory framework for over-the-top communication services, inviting comments from interested stakeholders. INDUSLAW shared its...

During 2018, our lawyers shared their thoughts on a number of major legal developments impacting the Indian economy, spanning a wide arc from data usage and data protection to insolvency resolution and foreign...

Even though loyalty and reward programs offered by marketplaces are currently operating in an unregulated environment, there is a fine line of differentiation in the way semi-closed system pre-paid instruments and...

The media and entertainment industry has consistently grown and continues to grow at a global level, particularly with the advent of new mediums for distribution, supported by dynamic technological advancements. The...

The Supreme Court of India recently upheld the validity of the TRAI's Regulations and Tariff Order introduced in 2017, primarily dealing with the manner in which broadcasters and distributors could package, market and...

On October 16, 2018, the RBI issued guidelines for the interoperability of know-your-customer compliant prepaid payment instruments, which were widely anticipated ever since the RBI issued master directions on this...

The recent judgement of the Supreme Court of India, upholding the validity of Aadhaar while striking out parts of the Aadhaar Act which permitted body corporates to use the Aadhaar number of an individual for...

At the end of September, the Supreme Court of India upheld the validity of the Aadhaar Act, 2016 to the extent it related to using an individual's Aadhaar number for receipt of subsidy, benefit or service from the...

The long-awaited Personal Data Protection Bill, 2018 (the 'Bill') was released on July 27, 2018, along with the report by the Committee of Experts under the chairmanship of Justice B. N. Srikrishna (the 'Report').

In April this year, the Reserve Bank of India (the 'RBI') issued a notification prohibiting the use of virtual currencies, preventing entities regulated by the RBI from dealing with virtual currencies or...

The Ministry of Electronics and Information Technology (MeitY) released a whitepaper on the proposed "a data protection regulatory framework for India" in November 2017. INDUSLAW along with several other stakeholders...

The Reserve Bank of India (the 'RBI') has published responses to frequently asked questions ('FAQs') regarding the Master Directions ' Non-Banking Financial Company ' Peer to Peer Lending Platform (Reserve Bank)...

The Reserve Bank of India (the 'RBI') by way of a notification dated August 24, 2017, notified that a non-banking institution that carries on 'the business of a peer to peer lending platform' shall be a non-banking...

The Q&A guide gives a high level overview of matters relating to regulations and regulatory bodies for doing business online, setting up an online business, electronic contracts and signatures, data retention...

The Ministry of Electronics and Information Technology, Government of India (the "Ministry") has announced the "MeghRaj Policy" (the "Policy") providing directions for adoption of cloud services by various government...

In its recent judgment in the matter of MySpace Inc. v. Super Cassettes Industries Ltd., a division bench of the Delhi High Court (the 'Court') comprising of S. Ravindra Bhat and Deepa Sharma, JJ., overturned...

In the first of a multi-part series, Mint profiles the 40 most influential people in India's start-up ecosystem. While e-commerce influencers still dominate the list, there are a handful of new entrants, most...

The High Court of Delhi (‘the High Court’) pronounced, on 23 September 2016, its decision in a public interest litigation case, Karmanya Singh Sareen and Anr v. Union of India and Ors (‘the...

'Cloud Computing' refers to internet based computing that allows access to a pool or network of computing resources that are owned and maintained by a third party via the internet. There is an emerging trend of...

It was circa 1955 when computer was used for the very first time in India and it was circa 1995 that internet services were first launched here. In 2015, one cannot imagine a life without the two. This goes to show how...

India is no longer identified by its elephants and snake charmers. This is not because of the dwindling number of elephants or the almost extinct species of snake charmers, in India but because the reason India shines...