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Legalese of Metaverse
Patent Pooling
Clinicality of Trials
SEBI Guidelines for RA’s & IA’s
Director and Cheque Bounce under NI Act
China’s 2023 Espionage Law
The growing use of Metaverse – an alternate virtual world throws up a pandora’s box of legal implications from legal and taxation aspects.
With increased global collaboration, intellectual property rights protection becomes a key issue.
Patent Pooling and Competition Law: Navigating Legal Challenges and Opportunities for Innovation in India.
The SEBI Guidelines for Research Analysts and Investment Advisers, January 2025 are intended to safeguard investor interests due to actions of the RA’s & IA’s.
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
2nd December 2024
Circular No. IBBI/LIQ/79/2024- Extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder.
Notifications
5th December 2024
Appointment of Mr. Vaibhav Chaturvedi as Ex-officio Member of IBBI
Circulars
3rd December 2024
Circular No.: SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/169- SMS and E-mail alerts to investors by stock exchanges
5th December 2024
Circular No.: SEBI/HO/CFD/CFD-TPD-1/P/CIR/2024/170- Repository of documents relied upon by Merchant Bankers during due diligence process in Public issues
13th December 2024
Circular No.: SEBI/HO/IMD/PoD2/P/CIR/2024/174 – Classification of Corporate Debt Market Development Fund (CDMDF) as Category I Alternative Investment Fund.
13th December 2024
Circular No.: SEBI/HO/AFD/AFD-POD-1/P/CIR/2024/175 – Pro-rata and pari-passu rights of investors of AIFs
20th December 2024
Circular No.: SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2024/178 – Policy for Sharing Data for the Purpose of Research / Analysis
20th December 2024
Circular No.: SEBI/HO/CFD/CFD-PoD-1/P/CIR/2024/177- Industry Standards on Reporting of BRSR Core
20th December 2024
Circular No.: SEBI/HO/IMD/IMD-RAC-1/P/CIR/2024/179 – Upload of Draft Scheme Information Documents
30th December 2024
Circular No.: SEBI/HO/ISD/ISD-PoD-2/P/CIR/2024/180 – Allowing subscription to the issue of Non- Convertible Securities during trading window closure period
31st December 2024
Circular No.: SEBI/HO/IMD/PoD2/P/CIR/2024/183- Introduction of a Mutual Funds Lite (MF Lite) framework for passively managed schemes of Mutual Funds
31st December 2024
Circular No.: SEBI/HO/ ITD-1/ITD_CSC_EXT/P/CIR/2024/184- Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs)
Master Circulars
3rd December 2024
Master Circulars – Master Circular for Depositories
30th December 2024
Master Circulars- Master Circular for Stock Exchanges and Clearing Corporations
Notification
27th December 2024
Gazette Notification for withdrawal of recognition granted to the Indian Commodity Exchange Limited (ICEX)
Circulars
Nil
Notifications
02nd December 2024
RBI/2024-25/91- Inoperative Accounts / Unclaimed Deposits in banks
04th December 2024
RBI/2024-25/92- Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Amendments in 03 Entries
04th December 2024
RBI/2024-25/92- Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Amendments in 03 Entries
06th December 2024
RBI/2024-2025/96- Credit Flow to Agriculture – Collateral free agricultural loans
06th December 2024
RBI/2024-25/95- Maintenance of Cash Reserve Ratio (CRR)
06th December 2024
RBI/2024-25/94- Interest Rates on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] Deposits
27th December 2024
RBI/2024-25/98- Reporting Platform for transactions undertaken to hedge price risk of gold
27th December 2024
RBI/2024-2025/97- Unified Payments Interface (UPI) access for Prepaid Payment Instruments (PPIs) through third-party applications
31st December 2024
RBI/2024-25/100- Government Debt Relief Schemes (DRS)
Circulars
Nil
Notifications
Nil
Circulars
16th December 2024
Circular No. 19 of 2024 – Guidance Note 2/2024 on provisions of the Direct Tax Vivad se Vishwas Scheme, 2024 – reg.
31st December 2024
Circular No. 21/2024-Extension of due date for furnishing belated/revised return of income for the Assessment Year 2024-25 in certain cases- reg.
Notifications
2nd December 2024
Notification No. 125/2024/F. No. 203/07/2024/ITA-II
10th December 2024
[Notification No.126 /2024/F. No. 285/26/2021-IT(Inv.V)CBDT
11th December 2024
[No. 127/2024/F. No. 500/Misc./S10(23FE)/FT&TR-II]
12th December 2024
[Notification No. 129 /2024 F. No. 300196/22/2024-ITA-I]
18th December 2024
[No. 128/2024/F.No. 275/77/2024-IT(B)]
30th December 2024
[Notification No. 131/2024/F.No. 203/13/2024/ITA-II]
Circulars
4th December 2024
Amendment to Circular No. 31/05/2018-GST, dated 9th February, 2018 on ‘Proper officer under sections 73 and 74 of the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017’–reg
31st December 2024
Circular No. 241/35/2024-GST- Clarification on availability of input tax credit as per clause (b) of sub-section (2) of section 16 of the Central Goods and Services Tax Act, 2017 in respect of goods which have been delivered by the supplier at his place of business under Ex-Works Contract
31st December 2024
Circular No. 242/36/2024-GST- Clarification on place of supply of Online Services supplied by the suppliers of services to unregistered recipients
31st December 2024
Circular No. 243/37/2024-GST-Clarification on various issues pertaining to GST treatment of vouchers.
Notifications
10th December 2024
No. 30/2024 – CENTRAL TAX – Seeks to extend the due date for furnishing FORM GSTR-3B for the month of October, 2024 for registered persons whose principal place of business is in the district of Murshidabad in the state of West Bengal.
13th December 2024
No. 31/2024- Seeks to appoint common adjudicating authority for Show cause notices issued by officers of DGGI
Circulars
23rd December 2024
Circular No.27/2024-Enabling Voluntary Payment electronically on ICEGATE e-payment Platform
Notifications
Tariff
3rd December 2024
NotificationNo.48/2024- Seeks to rescind Notification No. 32/2022-Customs dated 30th June, 2022.
26th December 2024
Notification No. 49/2024-Seeks to amend Notification 64/2023-Customs to extend concessional duty on Yellow Peas till 28th February 2025.
30th December 2024
NOTIFICATION No. 50/2024-Seeks to give effect to the fourth tranche of tariff concessions under India-Australia ECTA
Non-Tariff
13th December 2024
Notification No. 85/2024-Customs (N.T)- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg
16th December 2024
Notification No.86 /2024-CUSTOMS (N.T.)- Notification to specify the manufacturing processes and other operations in relation to a class of goods in a warehouse.
31st December 2024
Notification No. 88/2024-CUSTOMS (N.T.)- Fixation of Tariff Values of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver-Regarding
Anti-Dumping
5th December 2024
Corrigendum to Notification No. 26/2024-Customs (ADD)
18th December 2024
NOTIFICATION NO. 27/2024-Customs (ADD)- Seeks to impose ADD on Telescopic Channel Drawer Slider from China PR for 5 years, pursuant to final findings of DGTR- reg
Circulars
Nil
Notifications
3rd December 2024
NotificationNo.31/2024- Seeks to rescind Notification No. 08/2022-Central Excise dated 30th June, 2022.
Non-Tariff
3rd December 2024
Notification No. 01/2024-Central Excise (N.T.)- Seeks to amend Rule 18 and Rule 19 of the Central Excise Rules, 2017
The Hon’ble Supreme Court of India pronounced an exhaustive judgment on interpretation and applicability of Sections 138 and 141 of Negotiable Instruments to a director- signatory of a bounced cheque.
The 129th Amendment Bill 2024 is a progressive amendment with the main objective of holding simultaneous elections for both the Lok Sabha and the State Legislative Assemblies.
China’s updated Espionage Law in 2023 is executed with the objective of safeguarding its national security guided by Principles of National Security.
Denmark has strict rules / law for naming babies that can be amusing and exhaustive all at once!
In Denmark, parents must choose baby names from a government-approved list. The law aims to protect children from names that could be deemed inappropriate or harmful. While the law serves a protective purpose, it leads to a fascinating and humorous scenario where parents must navigate legal restrictions to name their children.
Forever is a hard game to play.
‘Forever’ means infinite, endless, limitless or boundless. It suggests an indefinite period of time.
Forever is in everything …from relationships to career, personality and life itself. Achieving and maintaining ‘forever’ is a challenge.
Patience, genuineness, loyalty and commitment in any relationship can make it challenging.
Achieving professional milestones requires consistent hard work, adherence to ethics, dedication and focus overs years and decades
The most challenging is working on personal growth and personality. It is not a one-time affair and is an eternal process. One has to challenge oneself, move out of ones comfort zone, be open to change and move with dynamic times.
‘Forever’ implies long term sustaining without no end in foresight. The intensity and consistency in every situation for infinite period is what makes ‘forever’ a hard game to play, but there is chance ‘forever’ to be better at everything – life itself. We have the whole lifetime to be better, happier, prosperous and the best version of ourselves. Here’s to an enriching life everyday forever!