New Bills and Amendments, CCI refuses to interfere in IRDAI’s regulatory functions & more
The Legal Scroll - Fortnightly Legal Newsletter: Stay Informed, Stay Ahead
Hey Legal Scroll Family,
Welcome to the latest issue of the Legal Scroll, your dose of legal awesomeness for the week.
This week saw a slew of bills and amendments being passed due to the Monsoon session of the parliament being in progress. Some of the prominent ones were:
Multi-State Cooperative Societies (Amendment) Bill
The Mines and Minerals (Development and Regulation) Amendment Bill, 2023
Jan Vishwas bill
Cinematograph (Amendment) Bill
The Biological Diversity (Amendment) Bill
The Forest (Conservation) Amendment Bill
Apart from the above SEBI too came up with another set of announcements on Monday, after market hours when SEBI chairperson Madhabi Puri Buch spoke at an out-of-turn press conference. Here are 5 topics that she touched upon during the conference:
1. Simplifying the delisting process
2. Instant settlement in Indian markets not far away
3. Corporate disclosures around insider trading
4. T+1 redemption and allotment for mutual funds
5. SEBI chief on finfluencers
Moving on to the blogs, legal professionals explored various interesting topics like Securities trading Regulations, SARFAESI, Digital India Bill, Protecting IP Rights, RBIs Digital Lending Guidelines, Maharashtra IT-ITES Policy and more
In our “That’s Interesting“ section we have curated articles on Proven methods for Law firm innovation, the requirement of a Legal Practice Course for a receptionist’s role at a law firm, and enriching your career by becoming a T-Shaped Lawyer.
In this edition, don’t forget to explore the “Guides & Reports” section where we bring some interesting guides for you on How to become a digital-first law firm, Finding Inhouse counsel jobs, Effective legal matter management, and more.
Lastly, scroll all the way down to read them along with our Meme of the Week to lighten your mood.
For all the news subscribers, welcome! We scourge the net and compile some of the most interesting updates from the legal sector in India to provide you with a one-stop resource that includes deals, transactions, job switches and appointments, legal jobs, legal tech, and more to stay informed and stay ahead of your competition.
In this Email
News and Updates: CCI Refuses to interfere in IRDAIs regulatory functions, TRAI repealing Regulations, PFRDA proposes easing of Points of Presence norms, Rs 1 lakh fine for restaurants, SEBI mandates FPIs to disclose Legal Entity Identifier code and more
LS Deals: Tracking some of the major deals/Transactions by law firms this week for companies like Bandhan Financial Holdings, Senco Gold, Credit Suisse, ICICI Securities & Axis Capital and more
Legal Jobs: Jobs at companies like Concentrix, Pearson, Airports Authority of India and More
LegalTech: Impact Of Technology On Lawyer Burnout, Law firms moving quickly on AI and Essentials of Information Governance for Law Firms
Humour Me Legal: Meme of the Week
Send in your articles and get it read by 10,000+ lawyers and corporates
News and Updates
CCI refuses to interfere in IRDAI’s regulatory functions. Read More
TRAI Releases Telecom Regulatory Authority Of India Repealing Regulations 2023. Read More
Lok Sabha passes Multi-State Cooperative Societies (Amendment) Bill. Read More
India opens doors for private cos to give lithium mining ambitions a shot in the arm. Read More
PFRDA proposes easing of Points of Presence norms, reduce registration time. Read More
Stronger regulations can go a long way in safeguarding gig workers. Read More
Regulatory oversight required to protect Indian VDA investors amidst shift to P2P platforms. Read More
Pay Rs 1 lakh each for ‘non-compliance’: HC asks restaurant bodies. Read More
Delhi High Court's Paypal order to impact fintech compliance costs. Read More
Jan Vishwas bill will reduce compliance & judicial burden, bolster ease of doing business, say experts. Read More
Explained | How Cinematograph (Amendment) Bill proposes to check piracy, revamp the certification of films. Read More
What is the Biodiversity Act? What changes has the Lok Sabha cleared in the law? Read More
India House Approves Controversial Bill On Forest Land Diversion. Read More
SEBI reveals framework for the creation of a fund for stressed debt schemes. Read More
SEBI mandates FPIs to disclose Legal Entity Identifier code. Read More
SEBI amends stock brokers' rule to boost liquidity in secondary market for corporate bonds. Read More
SEBI Aims for Instantaneous Settlements in Secondary Market Trades, Explores New Regulatory Design. Read More
SEBI plans to experiment with 'shift' in regulatory architecture. Read More
SEBI's 5 big announcements all stock market investors must know. Read More
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Legal Blogs & Opinions
Here’s our round up of some of the choicest articles written by law firms and legal professionals across India on various regulatory and sector updates.
Prove your innocence: Insights into the proposed securities trading regulations. By Souvik Ganguly, Renjith Nair and Krishna Nair. Read More
Better Accountability And Governance Through Digital India Bill. By Gangesh Varma. Read More
The Intellectual Property & Antitrust Review 2023: India Chapter. By Toshit Shandilya, Chandni Anand & Yavipriya Gupta. Read More
Decoding the Principles of Natural Justice in a POSH Inquiry. By Sunila Awasthi, Shagun Badhwar & Karishma Sumi. Read More
Zoomed Out | New tax regime —this is why the experts fear that online gaming platforms will modify their business models. By Manish Mishra. Read More
SEBI Allows AIFs To Launch ‘Liquidation Scheme’: A Limited Purpose Investment Manager Led ‘Continuation Fund’. By Divaspati Singh, Vivek Mimani, Shikhar Kacker and Parth Gala. Read More
Priority Of Dues Under SARFAESI: Bombay High Court Reiterates. By Indranil Deshmukh and Saloni Kapadia. Read More
What Does the Box Say? Exploring the legality of advertisement strategies commonly deployed by FMCG Companies. By Biplab Lenin, Kartik Jain and Priyam Rajkumar. Read More
Tips For Developing and Protecting IP Rights in India. By Nirupam Lodha & Malika Nandkeolyar. Read More
GST Council recommends uniform levy of 28% GST on online gaming: What’s next? By Abhimanyu Chopra, Aman Chaudhary & Kushagra Jain. Read More
RBI's New Guidelines to Revolutionize Digital Lending. By Shubhangi Garg & Arjun Khandelwal. Read More
Key Highlights Of Maharashtra IT-ITES Policy, 2023: IT/ITES Units, IITTs And Data Centers. By Jinal Mehta, Neha Shah and Kinnari Jain. Read More
Role of retail debenture holders in insolvency resolution. By Anoop Rawat, Saurav Panda & Arushi Asheesh Chandra. Read More
Rules of natural justice should be adhered to in cases of sexual harassment at the workplace. By Sinjini Majumdar. Read More
Antitrust’s Interlock Dilemma: Should the same person sit on boards of competing companies? By Sidharrth Shankar and Vaibhav Choukse. Read More
Online News Publishers Qua News Aggregators: A Competition Law Tussle In India - Antitrust, EU Competition. By G R Bhatia and Toshika Soni. Read More
Unlocking India's economic promise: Can IBC act as a catalyst for expansion? By Daizy Chawla and Himanshu Dubey. Read More
Send in your articles and it read by 5000+ lawyers and corporates from India
The Deal’s Scroll
A list of some of the prominent deals and transactions by law firms this week
Khaitan & Co advises Bandhan Financial Holdings on its proposed buyout of Aegon Life Insurance. Details
JSA, Dentons Link Legal, Indus Law act on Senco Gold IPO. Details
TT&A, Resolut assist in USD2bn Genus-GIC smart meter project. Details
Khaitan, CAM, SAM, Sullivan, Freshfields act on Credit Suisse Group AG merger with UBS Group AG. Details
Cyril Amarchand Mangaldas Advised ICICI Securities & Axis Capital on QIP of Happiest Minds Technologies. Details
CAM, AZB steer Jio Financial Services and Blackrock’s India asset management JV. Details
Dua Associates assists Nxtra Data Limited in setting up India’s largest data center. Details
Shardul and Cyril Amarchand act on Bain Capital acquisition of Adani Capital. Details
Pioneer Legal, Veritas act on Havas Media acquiring a majority stake in Pivotroots. Details
Legal Jobs
Staff Counsel I at Concentrix, Gurugram. Details
Legal Counsel at Pearson, Bangalore. Details
Manager (Corporate Legal) at JNPA, Navi Mumbai. Details
Junior Executive (Law) at Airports Authority of India, New Delhi. Details
Deputy Manager at Biocon, Bangalore. Details
Investigations Counsel at Hewlett Packard. Details
Corporate Secretary at BBC Studios, Mumbai. Details
Scrolling Events
ASSOCHAM 6th National Summit & Awards on Corporate Bond Market.
Date: 03rd August, 2023
Details HereWebinar: Limitations on Warranties, Indemnities & Claims in Sale Agreements
Date: 08th August, 2023
Register HereWebinar: Interplay of Insolvency & Bankruptcy Code with Income Tax.
Date: 16th August, 2023
The Legal ‘Tech’ Scroll
I Walk The Line: Legal Ethics & The Impact Of Technology On Lawyer Burnout. Read More
Law firms moving quickly on AI weigh benefits with risks and unknowns. Read More
The Essentials of Information Governance for Law Firms - Part 2. Read More
Guides & Reports
6 Traits of a High-Performing General Counsel. Read More
How to become a digital-first law firm. Read More
7 components of effective legal matter management. Read More
How To Find In-House Counsel Jobs (Plus Tips and Benefits). Read it here
Across the Web
Regulatory Frameworks for Cental Bank Digital Currencies: Lessons from Early Adopters. Read More
Blue chip three-way Italian merger unveiled to create €120m law firm. Read More
That’s Interesting
Here are some other amusing, some weird, some downright funny and some insightful conversations/articles which caught our attention across the world wide web.
Three proven methods for law firm innovation. Read it Here.
The T-Shaped Lawyer: Ask Yourself These Crucial Career Questions. Read it Here.
Law firm defends LPC-requirement for receptionist role Read it here.
I took two weeks off to study for the bar exam. My job called me an hour after I finished the exam and told me not to come back. Read it here
Humour Me Legal
As usual, if you want to give us any heads up of worthy legal resources to include next week, you want to be featured, share an article/blog, sponsor or any feedback of anything to improve in the legal scroll, just reply to this email and let us know or drop an email to thelegalscroll@gmail.com!
Until next week, keep safe and remember, you'll always have legal awesomeness in your inbox!!
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