POSH Act 2013 is considered an important legislation defining modern India. However, lacunae in its implementation prompted the Supreme Court to issue directions for its effectiveness.
Edition 93 • June 2023
Halfway Mark
June. As we cross the halfway mark in the year several issues have been addressed. several more need to be redressed.
Insights
From Ideas to Identity: How Intellectual Property Rights Shapes and Safegaurds Personality
Personality is part of identity and hence protecting personality rights of a person is an important aspect of IPR laws.
Tête-à-tête
Decriminalizing adultery does not mitigate its impact on the mental wellbeing. It can still be tried under various family laws.
IBC Cases
A monthly update of the most significant cases on insolvency and bankruptcy and its resolution
What's Brewing
Forest Conservation (Amendment) Bill 2023
In March this year, the government introduced the Forest Conservation (Amendment) Bill 2023 in the Lok Sabha, proposing changes to the existing Forest Act 1980. The Bill has been referred to the Joint committee.
Circulars & Notifications
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
Nil
Notifications
Nil
Circulars
8th May 2023
Master
Circular - Income Recognition, Asset Classification, Provisioning and Other
Related Matters – UCBs
12th May 2023
Master
Circular – Basel III Capital Regulations
Notifications
4th May 2023
Amendment
to the Master Direction (MD) on KYC – Instructions on Wire Transfer
9th May 2023
Formalisation
of Informal Micro Enterprises on Udyam Assist
Platform
9th May 2023
Formation
of new district in the State of Arunachal Pradesh – Assignment of Lead Bank
Responsibility
9th May 2023
Levy
of charges on forex prepaid cards/store value cards/travel cards, etc.
12th May 2023
LIBOR
Transition
19th May 2023
₹2000
Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal
Tender
22th May 2023
₹2000
Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal
Tender
Circulars
4th May 2023
Additional
requirements for the issuers of transition bonds
5th May 2023
Testing
Framework for the Information Technology (IT) systems of the Market Infrastructure
Institutions (MIIs)
9th May 2023
Registration
with the FINNET 2.0 system of Financial Intelligence Unit – India (FIU-India)
12th May 2023
Investment
in units of Mutual Funds in the name of minor through guardian
17th May 2023
Master
Circular for Stock Brokers
17th May 2023
Master
Circular for Registrars to an Issue and Share Transfer Agents
19th May 2023
Master
Circular for Mutual Funds
19th May 2023
Risk
disclosure with respect to trading by individual traders in Equity Futures
& Options Segment
22nd May 2023
Dematerialization
of securities of Hold Cos and SPVs held by Real Estate Investment Trusts
(REITs)
22nd May 2023
Dematerialization
of securities of Hold Cos and SPVs held by Infrastructure Investment Trusts
(InvITs)
23rd May 2023
Revision
in computation of Core Settlement Guarantee Fund in Commodity Derivatives
Segment
30th May 2023
Comprehensive
guidelines for Investor Protection Fund and Investor Services Fund at Stock
Exchanges and Depositories
Notifications
Nil
Circulars
22nd May 2023
24th May 2023
31st May 2023
31st May 2023
Notifications
3rd May 2023
10th May 2023
10th May 2023
16th May 2023
22nd May 2023
24th May 2023
24th May 2023
24th May 2023
29th May 2023
29th May 2023
Notification
No. 33/2023 [F.No. 370142/10/2023-TPL] / SO 2352(E) :
e-Appeals Scheme, 2023
30th May 2023
31st May 2023
Circulars
Nil
Notifications
Nil
Circulars
17th May 2023
11/2023
- Amnesty Scheme for one time settlement of default in export obligation by
Advance and EPCG authorization holders (Notification No.32/2023-Customs dated
26.04.2023).
24th May 2023
12/2023
- Foreign Trade Policy 2023
31st May 2023
13/2023
Faceless Assessment – Re-organisation of National Assessment Centres and
Faceless Assessment Groups.
Notifications
A. Tariff
10th
May 2023
37/2023-Customs - Seeks
to allow imports of Crude Soya-bean Oil and Crude Sunflower Oil at zero Basic
Customs Duty and zero Agriculture Infrastructure and Development Cess for TRQ
license holders for FY 2022-23 up to the 30th June, 2023.
23rd May 2023
38/2023-Customs - Seeks
to amend Australia FTA notification to make changes in tariff preference given
to Coking Coal and Raw Cotton arising out of Finance Act, 2023
B. Non-Tariff
4th May 2023
33/2023-Customs
(NT) - Exchange rate Notification No. 33/2023-Cus (NT) dated 04.05.2023-reg
15th May 2023
34/2023
Customs (NT) - Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut,
Gold and Silver- Reg.
17th May 2023
35/2023
Customs (NT) - Notification in relation to Land Customs Stations and routes a) Anandpara (India) - Ramgarh (Bangladesh) via River Feni (b) The road from NH-8 in Anandpara
(India) through Maitri Setu
to Ramgarh (Bangladesh) by amendment of Principal Notification No.
63/1994-Customs (N.T.) dated 21st November 1994
18th May 2023
36/2023
Customs (NT) - Exchange rate Notification No. 36/2023-Cus (NT) dated
18.05.2023-reg
The Verdict
Interest on Delayed Payment A&C Act 1996
On 2nd June 2023, the Delhi HC held that the arbitrator has the power to grant interest for delayed payment even if the original agreement contains clause prohibiting interest on delayed payments.
Apex Rulings
Supreme Court judgments that have profound bearing on the society.
Go Figure
Global Economic Prospects: Key Observations & 2023 Report
The Global rate of Gross Domestic Product simply known as GDP indicates the health and wellbeing of any economy.
Lawtitude
Establishing a Dedicated Tribunal for Ukraine: Addressing the Need for Justice
In a recent move, International Bar Association (IBA) has adopted a resolution in order to request the United Nations to create a Special tribunal which can try Russia for the crimes of aggression it has committed against Ukraine.
Legal-ease
Legal words that are not as difficult as they sound. Learn their meaning. Use them right!
Zoning
Municipal or county regulation of land use effected through the creation and enforcement of zones under local law
Allocatur
Permission to appeal
Bootleg
To produce, reproduce, or distribute without authorization or license
Contemner
One who commits contempt
Infographic
Lend But Secure For Recovery
The SARFAESI Act applies to any movable and immovable property or asset provided as a security for availing financial assistance from banks and financial institutions.
Lawlipop
Important legal and other news having a bearing on society depicted in a fun quirky way!
On a clean note: Withdrawal of Rs. 2,000 currency Note
Equality in the eyes of law: Korean national allowed to enrol as advocate in India.
(P)Review
Your regular dose of a movie, TV show and a book all based on law to keep you entertained and thinking at the same time!
Movie
Sirf Ek Banda Kaafi Hai (Hindi) (2023)
Based on real life incidents, the movie is a court room drama. When a minor girl accuses a God man of rape, there is public outrage across the bustling city of Jodhpur. While God (and Godmen) fearing people decry the act of the young girl as publicity stunt, another section of the society rally around her. The Godman is arrested. From buying witnesses, to killing them, intimidating the lawyer’s / victim’s families, and hiring celebrity senior counsels, the defence tries all tricks in the book to get the God man out of bail. In vain. The sessions court lawyer P C Solanki, (Manoj Bajpayee) representing the victim thwarts all attempts made by the defence purely based on law points. His powerful closing argument seals the fate of the Godman. Streaming on OTT.
Book/Novel
Thirteen by Steve Cavanagh (2018)
One of the best sellers of 2018, the novel received critical acclaim. Robert Solomon and his wife were Hollywood’s most influential power couple. When his wife is found brutally murdered, Robert is the prime suspect and is facing trial for the murder. While all evidence points towards Robert, the defence team hires the con man turned lawyer Eddie Flynn to represent Robert. As the trial progresses, Eddie is convinced that Robert is innocent, and someone wants him framed. Someone in the jury.
TV Series
Accused (2023 onwards)
The latest crime anthology, this series contains episodes each one told from the perspective of the accused / defendant. Unimaginable stories that end up people wrong doers. It leaves one thinking.
To no one we shall sell, deny or defer right or justice - The Magna Carta
Readers' Corner
Write to us with your questions
Write to subathra@akmllp.com and get featured in our next edition with responses from our experts
