Guidelines for Prevention and Regulation of Dark Patterns
In a significant move to protect consumers from deceptive online practices, the Central Consumer Protection Authority (CCPA) introduced the Guidelines for Prevention and Regulation of Dark Patterns on November 30, 2023. These guidelines are designed to address the rising concern of deceptive interface designs that manipulate users into making decisions favouring online businesses while undermining […]
Overview of the Bills proposed to replace the Indian Penal Code, 1860, Criminal Procedure Code, 1973 and Indian Evidence Act, 1872
On 11th August 2023, Union Home Minister, Mr. Amit Shah introduced three bills in the Lok Sabha with the aim to overhaul the existing Indian Penal Code, 1860 (“IPC”), Code of Criminal Procedure, 1973 (“CrPC”), and the Indian Evidence Act, 1872 (“Evidence Act”). The notable changes proposed to be made are as follows: The Bharatiya […]
Restrictions on Investments in Alternative Investment Funds by Regulated Entities
In a move to combat the practice of perpetually renewing stressed loans, the Reserve Bank of India (RBI) issued a circular instructing banks, non-banking financial companies (NBFCs), and other lenders to refrain from participating in any alternative investment funds (AIFs) schemes with downstream investments in a debtor company. The term AIF refers to any fund […]
Key Developments in the Electricity Amendment Rules, 2024
The Ministry of Power, New Delhi, issued a significant notification on January 10, 2024, introducing the Electricity (Amendment) Rules, 2024. These rules, enacted under the authority vested in the Ministry by Section 176 of the Electricity Act, 2003, further amend the Electricity Rules, 2005. Key amendments introduced:Rule 21 – Dedicated Transmission Lines: Generating companies, captive […]
Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2024
On February 12, 2024, the Insolvency and Bankruptcy Board of India (“IBBI”) notified the following regulations to further amend the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. Regulation 2B Amendment: The liquidator is now required to file the proposal of compromise or arrangement only if recommended by the committee under regulation 39BA […]
The Ministry of Power amends Electricity Rules for Electric Vehicle Charging
In a significant development, on February 22, 2024, the Ministry of Power issued a notification to amend the Electricity (Rights of Consumers) Rules, 2020. The key amendments introduced are as follows: Reduced Waiting Period: Under the updated regulations, the waiting time for securing a new connection has been streamlined. The maximum time for providing new […]
Overview of the Bills proposed to replace the Indian Penal Code, 1860, Criminal Procedure Code, 1973 and Indian Evidence Act, 1872
On 11th August 2023, Union Home Minister, Mr. Amit Shah introduced three bills in the Lok Sabha with the aim to overhaul the existing Indian Penal Code, 1860 (“IPC”), Code of Criminal Procedure, 1973 (“CrPC”), and the Indian Evidence Act, 1872 (“Evidence Act”). The notable changes proposed to be made are as follows: The Bharatiya […]
Draft Amendments to the IT (Intermediary Guidelines & Digital Media Ethics Code) Rules, 2021
With the user base of online games growing in India, it is necessary to ensure that such games be offered in conformity with Indian laws and that the users of such games be safeguarded against potential harm. Towards this, the Ministry of Electronics & Information Technology (“MeitY”) released draft amendments to the IT (Intermediary Guidelines […]
Draft Carbon Credit Trading Scheme
On 27th March 2023, the Ministry of Power released draft Carbon Credit Trading Scheme (“CCTS”) to establish a framework for the Indian Carbon Market (“ICM”). The proposed Energy Conservation (Amendment) Bill, 2022, which was passed by the Indian Parliament, empowers the Central Government to specify a Carbon Trading Scheme in consultation with the Bureau of […]
Insolvency And Bankruptcy Board Of India (Insolvency Resolution Process For Corporate Persons) (Second Amendment) Regulations, 2023
On September 18, 2023, the Insolvency and Bankruptcy Board of India (“IBBI”) notified a second amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The key amendments are as follows: “2D. Details of debt, default and limitation in respect of applications under section 7 or section 9. While filing an application under […]