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Legal Update

20 Aug
2024

“What’s SWAP!” – Ministry of Finance in India amends the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019

The Ministry of Finance vide its notification dated August 16, 2024 amended the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (“NDI Rules”), by notifying the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 (“Amending Rules”). The NDI Rules govern the foreign investment and other foreign exchange dealings in non-debt

17 Sep
2023

Deal announcement : M&A

It gives us immense pleasure to share that AP Law Chambers (www.aplaw.in) advised Mordor Intelligence Private Ltd, Hyderabad ( https://www.mordorintelligence.com ), a market intelligence firm, in its majority acquisition of Global Market Insights Research Private Limited, Pune ( https://www.gminsights.com ). This transaction has been extensively covered by the news and

15 Mar
2023

Now allowed in India : Foreign Lawyers and Foreign Law Firms.

In an unprecedented and a welcome move, the Bar Council of India (“BCI”), which is the statutory body governing legal profession in India, has issued a notification dated March 10, 2023, notifying the “Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in

22 Jul
2022

WFH at SEZs in India – 50% allowed

On July 14, 2022, the Ministry of Commerce and Industry in India released the Special Economic Zones (Third Amendment) Rules, 2022, which amends the Special Economic Zones Rules, 2006 (“Rules”), pursuant to Section 55 of the Special Economic Zones Act, 2005 (“SEZ Act”). The SEZ Act was enacted to provide

30 Jun
2022

RETARGETTING ADS: Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022

Earlier this month, on June 9, 2022, the Central Consumer Protection Authority (“CCPA”) , issued the Guidelines for Prevention of Misleading Advertisements and Endorsements for Misleading Advertisements, 2022 (“Guidelines”), pursuant to the powers bestowed on the CCPA under Section 18 of the Consumer Protection Act, 2019.   Applicability The applicability

27 May
2022

Advertising: ASCI bats for greater inclusion

On May 25, 2022, the Advertising Standards Council of India (ASCI), updated its code (“ASCI Code”) to add greater inclusivity in advertising depictions (“Update”).  Chapter III of the ASCI Code provides for advertisements “against harmful products / situations.” The purpose herein is to “to safeguard against the indiscriminate use of