Edition 101
All Things Women
Insights
Judiciary-torchbearer of women’s rights
IPR
Copyrights on AI
Tete-a-Tete
Cyber scam: a true account
What’s brewing
CAA: Controversy re-erupts
Verdict
Effectiveness of insurance policy
Lawtitude
EU law on AI
Insights
Women’s Rights: Judiciary’s Perspective
From personal to professional realm, the Supreme Court has passed landmark judgments over decades enforcing gender equality.
Decoding IPR
Copyright for AI-Generated Contents: A Legal Analysis
Generative AI mirrors data that is fed to it. Therefore, issue of its copyright protection must be addressed.
Tête-à-tête
SCAMMED: Cybercrimes
Cyber scams are alarmingly on the rise. It is important to know some basic safeguards.
What's Brewing
CAA 2019 & Rules: Decoding the Legalese
The CAA 2019 is back in sharp focus with the government notifying Rules for its implementation.
Circulars and Notifications
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
2nd
February 2024
Relaxation of additional fees and extension of
last date of filing of Form No. LLP BEN-2 and LLP Form No.4D under the Limited
Liability Partnership Act, 2008- regarding.
Notifications
Nil
Circulars
Nil
Notifications
8th February 2024
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s
1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Amendments in 85
Entries
9th February 2024
Review of Fixed Remuneration granted to Non-Executive Directors
(NEDs)
9th February 2024
Participation of Indian Banks on India International Bullion
Exchange IFSC Limited (IIBX)
15th February 2024
Exclusion of “Rupee Co-operative Bank Limited” from the Second
Schedule to the Reserve Bank of India Act, 1934
20th February 2024
Formation of new district in the State of Assam – Assignment of
Lead Bank Responsibility
22nd February 2024
Inclusion of Clearing Corporation of India Limited as a Financial
Information Provider under Account Aggregator Framework
22nd February 2024
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee
Export Credit
23rd February 2024
Amendment to Master Direction on Prepaid Payment Instruments
27th February 2024
Appointment/re-appointment of Director, Managing Director or Chief
Executive Officer in Asset Reconstruction Companies
27th February 2024
Master Direction – Reserve Bank of India (Filing of Supervisory
Returns) Directions – 2024
28th February 2024
Capital Adequacy Guidelines – Review of Trading Book
29th February 2024
Master Direction – Reserve Bank of India (Bharat Bill Payment
System) Directions, 2024
Circulars
6th February 2024
Guidelines for returning of draft offer document
and its resubmission
8th February 2024
Revised Pricing Methodology for Institutional
Placements of Privately Placed Infrastructure Investment Trust (InvIT)
20th February 2024
Centralization of certifications under Foreign
Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) at KYC
Registration Agencies (KRAs)
Notifications
Nil
Circulars
1st
February 2024
Measures for rationalisation of the
regulatory framework of Insolvency Professional Entities
1st February 2024
Measures for facilitating efficient
conduct of the processes by the Insolvency Professionals
12th February 2024
Circular – Sharing of the Report prepared
by the Resolution Professional under section 99 of the Code
13th February 2024
Reporting / Sharing of information in the
Voluntary Liquidation process
22nd February 2024
Enhancing Transparency and Stakeholder
Engagement in Liquidation Process
Notifications
Nil
Notifications
6th
February 2024
No. 20/2024
[F. No. 279/Misc./66/2014-ITJ (Pt.)] / SO 539(E)
7th
February 2024
No. 21/2024 [F. No. 503/06/2012-FTD.II] / SO
566(E)
21st
February 2024
No. 2/2024 [F. No. 300196/20/2019-ITA-IJ/SO
41(E)
26th
February 2024
No. 23/2024 [F. No. 203/24/2023/ITA-II] / SO
859(E)
Circulars
NIL
Notifications
22nd
February 2024
06/2024-Central Tax –
Seeks to notify “Public Tech Platform for Frictionless Credit” as the system
with which information may be shared by the common portal based on consent
under sub-section (2) of Section 158A of the Central Goods and Services Tax
Act, 2017.
Circulars
NIL
Notifications
A. Tariff
19th
February 2024
10/2024-Customs- Seeks to amend notification No. 50/2017- Customs dated
30.06.2017.
19th
February 2024
11/2024-Customs- Seeks to amend Notification
11/2021-Cus dated 01.02.2021 in order to exempt AIDC
on goods falling under tariff item 5201 00 25.
21st
February 2024
12/2024-Customs- Seeks to amend
notification No. 55/2022 – Customs, dated 31.10.2022 and notification No.
64/2023 – Customs, dated 07.12.2023, in order to
remove end date on export duty on Parboiled Rice and to prescribe specified
condition on imports of Yellow Peas.
B.
Non-Tariff
1st
February 2024
10/2024-Customs (NT)- Exchange Rate
Notification No. 10/2024-Cus (NT) dated 01.02.2024-reg
12th
February 2024
11/2024-Customs (NT)- Appointment
of Common Adjudicating Authority for the purpose of adjudication of finalization
of Provisional Assessment in SVB case w.r.t. M/s
Pernod Ricard India Pvt. Ltd, DLF Phase-II-reg
15th
February 2024
12/2024-Cus (NT)- Fixation of
Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold
and Silver- Reg
15th
February 2024
13/2024-Cus (NT)- Exchange Rate
Notification No. 13/2024-Cus (NT) dated 15.02.2024-reg
21st
February 2024
14/2024-Customs (NT)- Appointment
of Common Adjudicating Authority for the purpose of adjudication of
finalization of Provisional Assessment in SVB case w.r.t.
M/s Royal Canin India Pvt. Ltd-reg
29th
February 2024
16/2024-Customs (NT)- Fixation of
Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold
and Silver- Reg
C.
ANTI-DUMPING
28th February 2024
02/2024-Customs (ADD) – Seeks to amend notification
No. 14/2019-Customs(ADD) dated 25.03.2019, in order to
change the name of the producer from ‘M/s Mitsui Phenols Singapore Pte. Ltd’ to
‘M/s INEOS Phenol Singapore Pte. Ltd’ pursuant to DGTR recommendation .
D.
Circulars
1st
February 2024
01/2024- Authorization of Booking
Post Offices and their corresponding Foreign Post Offices in terms of the
Postal Export (Electronic Declaration and Processing) Regulations, 2022 – Reg.
Notifications
2nd
February 2024
05/2024-central
excise- Seeks to amend No. 18/2022-Central Excise,
dated the 19th July, 2022 to increase the Special Additional Excise Duty on
production of Petroleum Crude.
15th
February 2024
06/2024-central excise- Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise
Duty on production of Petroleum Crude.
15th
February 2024
07/2024-Central Excise- Seeks to further amend No. 04/2022-Central Excise,
dated the 30th June, 2022, to increase the Special
Additional Excise Duty on export of Diesel.
Circulars
NIL
The Verdict
Effective Date of Insurance Policy
The Supreme Court passed an important judgment on the effective date from when an insurance policy becomes effective.
Lawtitude
Navigating the European Union's Artificial Intelligence Act: A Comprehensive Overview of the Law
The EU is the first to pass the EU Artificial Intelligence Act with the objective of addressing issues relating to commercialization of AI.
Lawlipop
It’s a ‘brew-tiful’ day!
It’s a ‘brew-tiful’ day!
(G)love language
(G)love language
Quirky Corner
Hang in (DON’T) Hang on.
Know the law before ‘attempting’ suicide.
Suicide is a big NO!
The erstwhile Indian Penal Code (IPC) now rechristened ‘Bharatiya Nyaya Sanhita’ Act (‘BNS’) deals with provisions relating to suicide.
Strangely, it is the attempt to commit suicide (and not suicide itself) that is criminalized. Attempting suicide will attract fine or imprisonment or both.
This is a dichotomous provision. It implies that if a person survives a suicide attempt, then he/ she would be fine or imprisoned or both! Choice between devil and the deep sea.
There have been numerous instances of attempted suicide survivors who have had go through the grind of case being registered, summoned to police stations and being harassed on that rather than being counselled. This only leads to mental agony, the very reason why suicides take place.
Worth a Thought?
Women have each other’s’ backs through sisterhood.
In this together.
Women deal with several stereotypes: bad car drivers, unpredictably emotional, eating a lot for being a ‘woman’, solely responsible for children’s progress .…the list seems endless. But the ‘mother’ of all stereotypes – women cannot be friends with other women!
Nurturing relationships comes naturally to women. Being empathetic, inclusive and multi-tasking, women are natural team players. Tending to the sick, an act of kindness, a helpful deed, lending a shoulder to lean on, giving a patient ear, assisting in meeting deadlines, or silently going all out to motivate someone when down…strangely this list seems endless as well. A few women suffering from the ‘pull her down’ syndrome cannot be the reason to stereotype entire womankind.
‘Sisterhood’ is the concept of friends becoming sisters. A soft but powerful tool that helps women cope with themselves and their professional/ personal aspirations. Women come together to support, inspire and motivate and uplift each other sans judgment or malice. This generates a sense of solidarity, a feeling of not being alone in the world. The feeling of having ‘each other’s back’ helps in undertaking any chore, duty or assignment without hesitation. It will eventually result in raising confident next generation of women.
This Women’s Day and thereafter it is time break stereotypes and celebrate sisters from other mothers. Worth a thought?