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Food-tech platforms: Are they liable for bad biryani? The answers

Introduction For dealing with e-commerce and food-tech entities, the food regulator of India i.e., Food Safety and Standards Authority of India (“FSSAI”) has time and again operationalized the specific parts of the Food Safety and Standards (Licensing and Registration of Food Business) Amendment Regulations, 2018 (“2018 Regulations”) issued under the Food Safety and Standards Act, 2006…
InMediaTechnology

MEDIA LAWS: INFORMATION TECHNOLOGY (INTERMEDIARY GUIDELINES AND DIGITAL MEDIA ETHICS CODE) RULES, 2021

Effective February 25, 2021, the law has stepped up the responsibilities of social media and news portals. This is via an entirely fresh set of rules: the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (“2021 Rules”). These rules do not amend but simply replace the Information Technology (Intermediaries Guidelines) Rules, 2011…
InCapital Markets

AIFS: FEBRUARY 5, 2020 SEBI AMENDMENT

This note has been prepared to set out the key takeaways from Securities and Exchange Board of India (“SEBI”) Circular no. SEBI/HO/IMD/DF6/CIR/P/2020/24 dated February 5, 2020. In the circular, SEBI has instituted the following reforms aimed at streamlining disclosure standards in the AIF space: Templatisation of preliminary placement memorandum: The private placement memorandum (“PPM”) template…
InCapital Markets

UPDATE: SEBI ADJUDICATION ORDER ON CIRCULATION OF UPSI WITH RESPECT TO MINDTREE LIMITED

The Securities and Exchange Board of India (“SEBI”) vide its Adjudication Order No. Order/BD/VS/2020- 21/7825 dated 29 May 2020 (“Order”) in the matter of circulation of unpublished price sensitive information (“UPSI”) through WhatsApp messages with respect to Mindtree Limited (“Mindtree”) under Section 15-I of SEBI Act, 1992 (“Act”) read with Rule 5 of SEBI (Procedure…
InFintech

REGULATORY SANDBOX FOR RETAIL PAYMENTS

This update sets out the details of the Reserve Bank of India‟s (RBI) press release dated 4 November 2019 with respect to the regulatory sandbox for retail payment solutions (Sandbox Press Release). Enabling framework The RBI had released a report titled “Enabling Framework for Regulatory Sandbox” dated 13 August 2019 (Sandbox Report) where it had…
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