Other Briefings
Payment Aggregators in India Have Until Sept.30 for License Application
India’s central bank has extended the license application window for payment aggregators that were in existence as of March 17, 2020.
India to Implement Fuel Consumption Standards for All Vehicles from April 1, 2023
India has proposed extending fuel consumption standards to all vehicles, manufactured or imported for sale in the country, from FY 2023-24.
Why Are Industry Players Unhappy with India’s New Cybersecurity Directives?
Among other concerns, India’s new cybersecurity directives, in effect from June 2022, challenge norms of user privacy and dramatically increase compliances.
India’s New Plastic Waste Management Rules Effective from July 1, 2022
Businesses must note that single use plastic will be banned in India from July 1, 2022, and noncompliance will trigger penalties.
What are Smart Contracts and Are They Legal in India?
We explain how smart contracts are executed, how they differ from traditional and electronic contracts, and their treatment under current Indian laws.
India Allows Independent Directors to Retake Online Self-Assessment Proficiency Test
We explain the new window of name restoration for independent directors in India who did not clear the online self-assessment proficiency test.
Insurance Regulator IRDAI Eases Approval Norms for Life, Health Insurance Products
Under the new procedure, insurance companies will no longer require prior approval before launching certain products.
RBI’s New Provisioning Norms for Large NBFCs to Increase Compliance Requirements
The RBI recently altered provisioning norms for standard assets, which are usually risk-free, for large non-banking financial companies (NBFCs).
