Edition 116
A MOTLEY MIX
Insights
EU: MICA
IPR
Fluid TM: Pride in diversity
Tete-a-Tete
Consumer: In the ‘dark’
What’s brewing
Foreign lawyers / firms in India
Verdict
SC: balancing Tenancy disputes
Lawtitude
International law on using plastic
Insights
The Beginning of a New Crypto Era in the European Market
MICA is the latest regulation with the objective of streamlining crypto assets across EU.
Decoding IPR
Pride Logos: The Spectrum of Fluid Trademarks
Pride logos are the best example of fluid trademarks as the basic logo and colour is modified and varied to use strategically for marketing and awareness.
Tête-à-tête
Consumer: In the ‘dark’
Advertising dark patterns have permeated every online platform prompting the government to identify and regulate them.
What's Brewing
Bar Council Rules (Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022)[Notified in 2025]
The latest development in the Bar Council Rules has paved the way for entry of foreign lawyers / law firm to establish their services in India subject to few conditions.
Circulars and Notifications
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
26th May 2025
Circular No. IBBI/CIRP/85/2025- Launch of Revised Forms for Corporate Insolvency Resolution Process (CIRP).
Notifications
Nil
14th May 2025
Circular No. SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2025/68- Composition of the Internal Audit team for CRAs.
26th May 2025
Circular No. SEBI/HO/MRD/TPD-1/P/CIR/2025/76- Final Settlement Day (Expiry Day) for Equity Derivatives Contracts.
Notification
Nil
Master Circulars
Nil
Circulars
Nil
Notifications
07th May 2025
Policy Statement: (Framework for Formulation of Regulations).
08th May 2025
RBI/2025-26/36- Reserve Bank of India (Digital Lending) Directions, 2025.
23rd May 2025
RBI/2025-26/40- Reporting on FIRMS portal – Issuance of Partly Paid Units by Investment Vehicles.
Circulars
Nil
Notifications
07th May 2025
G.S.R. 291(E)- The Companies (Indian Accounting Standards) Amendment Rules, 2025.
19th May 2025
G.S.R. 317(E)- The Companies (Accounts) Amendment Rules, 2025.
30th May 2025
G.S.R. 358(E)- The Companies (Management and Administration) Amendment Rules, 2025.
30th May 2025
G.S.R. 359(E)- The Companies (Audit and Auditors) Amendment Rules, 2025.
30th May 2025
G.S.R. 361(E)- The Companies (Cost Records and Audit) Amendment Rules, 2025.
30th May 2025
G.S.R. 360(E)- The Companies (Registration Offices and Fees) Amendment Rules, 2025.
Circulars
27th May 2025
Circular No. 6/2025- Extension of due date for furnishing return of income for the Assessment Year 2025-26.
Notifications
01st May 2025
Notification No. 42/2025 [F. No. 370142/17/2025-TPL] / GSR 286(E)- Income-tax (Fourteenth Amendment) Rules, 2025.
03rd May 2025
Notification No. 43/2025 [F. No. 370142/15/2025-TPL] / GSR 287(E)- Income-tax (Fifteenth Amendment) Rules, 2025.
06th May 2025
Notification No. 44/2025 [F. No. 370142/16/2025-TPL] / GSR 290(E)- Income-tax(Sixteenth Amendment) Rules,2025.
07th May 2025
Notification No. 45/2025 [F.No. 370142/21/2025-TPL] / GSR 294(E)- Income-tax (Seventeenth Amendment) Rules, 2025.
09th May 2025
Notification No. 46/2025 [F.No. 370142/18/2025-TPL] GSR 303(E)- Income-tax (Eighteenth Amendment) Rules, 2025.
13th May 2025
Notification No. 47/2025 [F. No. 300196/11/2023-ITA-I] / SO 2122(E)- Telangana State Pollution Control Board.
19th May 2025
Notification No. 49/2025 [F. No. 370142/20/2025-TPL] / GSR 322(E)- Income-tax (Nineteenth Amendment) Rules, 2025.
29th May 2025
Notification No. 50/2025 [F. No. 370142/14/2025-TPL] / GSR 352(E).
29th May 2025
Notification No. 51/2025 [F. No. 370142/17/2025-TPL] / GSR 353(E).
30th May 2025
Notification No. 52/2025 [F. No. 300164/5/2024-ITA-1] / SO 2447(E)- Ten Year Zero Coupon Bond of REC Ltd..
30th May 2025
Notification No. 53/2025 [F. No. 370142/16/2025-TPL] / GSR 356(E).
Circulars
Nil
Notifications
Nil
A.Tariff
Circulars
Nil
Notifications
09th May 2025
Notification No. 29/2025- Seeks to exempt works of art and antiques from Basic Customs Duty.
B. Non-Tariff
Circulars
Nil
Notifications
15th May 2025
Notification No. 34/2025- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.
30th May 2025
Notification No. 38/2025- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.
31st May 2025
Notification No. 40/2025- The Sea Cargo Manifest and Transshipment (Third Amendment) Regulations, 2025.
C. ANTI-DUMPING
Circulars
11th May 2025
Circular No. 16/2025- Anti-Dumping Duty on imports of “Titanium Dioxide” originating in or exported from China PR — Implementation.
Notifications
08th May 2025
Notification No. 09/2025- Seeks to impose Anti Dumping Duty on imports of ‘Glufosinate and its salt’ originating in or exported from China PR.
Circulars
Nil
Notifications
Nil
The Verdict
‘Bonafide Need’ of Legal Heirs of Landlord(S) in Tenant(S) Eviction
A long running tenancy dispute case came to an end with the Hon’ble Supreme Court ruling in favour of the owner on grounds of ‘bona fide’ need.
Go Figure
The Registration Bill, 2025
The Registration Bill 2025 seeks to update the existing law by introducing provisions relating to digitization of crucial documentation.
Lawtitude
Can International Law Finally Clean Up the Mess?
The world is gearing up for a one-of-a-kind treaty on plastic usage across all natural resources including humans.
Lawlipop
Article 19(1)(g):
Article 19(1)(g):
Maternity leave part of reproductive rights:
Maternity leave part of reproductive rights:
Quirky Corner
Lights Out at 10 PM? Yep, That’s Swiss Law!
Beware of using lights after 10 PM in Switzerland
Law: In Switzerland, using lights after 10 PM in apartments is often prohibited. The law stems from a desire to keep the area quiet and prevent disturbing neighbours at night. This is especially common in apartment buildings where the lights can disturb other residents. Forget to turn off your lights after 10 PM, and you might get a visit from your neighbour with a polite but firm complaint!
Worth a Thought?
Sympathy and Empathy
The difference between sympathy and empathy is not just in word but in the feeling.
We often say ‘I am sorry for your loss’ or ‘condolences’. But how many of us have understood the feeling or emotion of going through such loss?
That is precisely the difference between sympathy and empathy – phrases most interchangeably used, yet having distinct meanings.
Sympathy involves feeling pity for a person and is always a superficial feeling as one may not fully understand the person. Empathy involves acknowledging and supporting a person emotionally. It fosters a deeper connect between people.
We show sympathy to the person for going through a particular situation or an end result or consequence. When we understand the emotion, feeling or impact of an event on a person, then it means we are empathetic
So, the next time our friend or colleague does not get desired grades, or promotion at work or is facing a break-up, separation or loss of loved one or pet, let us lend a patient ear or a shoulder for them to vent their feelings and understand their intense emotion rather than just saying you are sorry and moving on. After all, someday we may need empathy coming our way. Worth a thought?