The boom in the online gaming industry brings with it the challenges in the intellectual property spectre relating to its constant innovations.
Edition 98 • November 2023
Food for thought
Recently the Prime minister inaugurated the ‘World Food India Festival’ with the objective of transforming India into the ‘food basket of the world’. India did not win the much-hyped world cup. Their performance in the last leg needed some food for thought. Just like the implication of intellectual property laws in the niche sector of online gaming.
Tête-à-tête
Deepfakes – the rising menace of AI.
IBC Cases
A monthly update of the most significant cases on insolvency and bankruptcy and its resolution
What's Brewing
Broadcasting Services Regulations Bill 2023
A draft A Broadcasting Services Regulations Bill has been introduced for comments from stakeholders with the objective of being the one stop legislation for all media and digital broadcasting services.
Circulars & Notifications
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
18th October 2023
26th October 2023
Inviting application for the post of consultant
on contractual basis in IEPFA
Notifications
Nil
Circulars
Nil
Notifications
3rd
October 2023
Status of March 31, 2024 for Government
transactions through integration with e-Kuber
6th
October 2023
Gold Loan – Bullet Repayment – Primary (Urban) Co-operative Banks
(UCBs)
10th
October 2023
16th
October 2023
Reverse Repo transactions - Reporting in Form ‘A’ Return
17th
October 2023
Amendment to the Master Direction (MD) on KYC
19th
October 2023
25th
October 2023
Appointment of Whole-Time Director(s)
25th
October 2023
26th
October 2023
Strengthening of customer service rendered by Credit Information
Companies and Credit Institutions
26th
October 2023
Framework for compensation to customers for delayed updation/ rectification of credit information
26th
October 2023
Non-Callable Deposits - Master Direction on Interest Rate on
Deposits
26th
October 2023
Review of Instructions on Bulk Deposits for Regional Rural Banks
(RRBs)
26th
October 2023
Review of Financial Information Provider (FIP) under Account
Aggregator Framework
26th
October 2023
Joining the Account Aggregator Ecosystem as Financial Information
User
30th
October 2023
30th
October 2023
Banking Regulation (Amendment) Act 2020 - Change in Name of
Co-operative Banks
31st
October 2023
Regulation of Payment Aggregator – Cross Border (PA - Cross Border)
Circulars
3rd
October 2023
Centralized mechanism for reporting the demise
of an investor through KRAs
6th
October 2023
6th
October 2023
Requirement of Base Minimum Capital Deposit for Category 2
Execution Only Platforms
6th
October 2023
Master Circular for Depositories
7th
October 2023
10th
October 2023
12th
October 2023
Master Circular on Know Your Client (KYC) norms for the securities
market
13th
October 2023
16th
October 2023
Master Circular for Stock Exchanges and Clearing Corporations
19th
October 2023
20th
October 2023
Guidelines for Business Continuity Plan (BCP) and Disaster Recovery
(DR) of Qualified RTAs (QRTAs)
31st
October 2023
Notifications
Nil
Circulars
Nil
Notifications
3rd
October 2023
20th
October 2023
Notifications
4th October 2023
Notification No. 86/2023
[F.No.300196/36/2017-ITA-I(Pt.I)] SO 4342(E)
6th October 2023
Notification No. 87/2023 [F. No.
300196/39/2022-ITA-I] / SO 4374(E)
10th October 2023
13th October 2023
Notification No.89/2023/F. No.
500/PF11/S10(23FE)/FT&TR-II (2)]
16th October 2023
19th October 2023
Notification No. 90/2023 [F.No.300196/11/2022-ITA-I] / SO 4577(E)
19th October 2023
26th October 2023
Notification No. 92/2023 [F. No.
300196/27/2022-ITA-I] / SO 4703(E)
26th October 2023
Notification No. 93/2023 [F. No.
196/26/2022-ITA-I] / SO 4700(E)
31st October 2023
Circulars
Nil
Notifications
Nil
Notifications
A. Tariff
09th October 2023
58/2023-Customs
- Seeks to amend notification no. 152/2009-Customs, dated 31.12.2009 in order
to implement Bilateral Safeguard measure on imports of "Ferro
Molybdenum" from the Republic of Korea under India-Korea Comprehensive
Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017 on
the basis of DGTR recommendation
13th
October 2023
59/2023 –
Seeks to amend notification No. 55/2022-Customs, dated 31.10.2022, in order to
extend the currently applicable export duty of 20% on Parboiled rice up to
31.03.2024.
19th
October 2023
60/2023 –
Seeks to amend notification no. 50/2017-Customs in order to implement
recommendations made by the GST Council during its 52nd Meeting with respect to
GST rates on goods.
28th
October 2023
61/2023 –
Seeks to rescind notification No. 48/2023-Customs dated 19.08.2023
28th
October 2023
62/2023 –
Seeks to amend notification No. 27/2011-Customs, dated the 1st March, 2011, in
order to exempt currently applicable export duty on exports of Onions w.e.f.
29.10.2023
B. Non-Tariff
5th
October 2023
73/2023-Customs
(NT) - Exchange Rate Notification No. 73/2023-Cus (NT) dated 05.10.2023-reg.
06th
October 2023
74/2023
Customs (NT) - Amendment to Notification No. 100/2017-Customs (N.T.) dated
27.10.2017 - Notification of AFS at Village Khajod,
Taluka Majura, Distt. Surat
13th
October 2023
75/2023
Customs (NT) - Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut,
Gold and Silver- Reg.
20th
October 2023
77/2023
Customs (NT) – Revised All Industry Rates of Duty Drawback
23rd
October 2023
78/2023
Customs (NT) - Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut,
Gold and Silver- Reg
31st
October 2023
79/2023
Customs (NT) - Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut,
Gold and Silver- Reg
C. ANTI-DUMPING
12th
October 2023
10/2023-Customs
(ADD) – Seeks to impose Anti-dumping duty on imports of flax yarn of below 70
lea count originating in or exported from China PR
The Verdict
Sexual harassers should not be allowed to escape from the law due to hyper technicalities of Court
The Apex Court held that sexual harassment cases should be viewed for the gravity the agony and cannot be defeated on grounds of procedural short comings or hyper technicalities.
Apex Rulings
Supreme Court judgments that have profound bearing on the society.
Go Figure
In-depth Overview of Global Banking Annual Review, 2023
The Global Banking Annual Review 2023 is a yearly report based on survey on all aspects of banking – from personal deposits and banking deposits to insurance and pension assets.
Lawtitude
Navigating Boundaries: Understanding Double Jeopardy in Criminal and Civil Proceedings
The concept of double jeopardy safeguards individuals from being subjected to multiple prosecutions from the same offence.
Legal-ease
Legal words that are not as difficult as they sound. Learn their meaning. Use them right!
transmute
to convert or transform the type of ownership of (property) by transmutation
usury
the lending of money at exorbitant interest rates
vitiate
to make ineffective
wanton
manifesting extreme indifference to a risk of injury to another that is known or should have been known: characterized by knowledge of and utter disregard for probability of resulting harm
Infographic
The Indian Foundation for Research
The Anusandhan National Research Foundation Act, 2023 has been established to power research and entrepreneurship in natural sciences.
Lawlipop
Important legal and other news having a bearing on society depicted in a fun quirky way!
Adoption of Indian Constitution = National Law Day
Promise in (thin) air:
Airlines liable to compensate for delayed delivery
(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
The Crime is Mine (French) (2023)
A French crime comedy set in 1930s, the plot revolves around Madeleine, budding actress who is accused of murdering a famous movie producer. With help from her lawyer friend, she is acquitted on grounds of murdering for self-defence. Once acquitted, she gains unexpected fame and success, until the truth tumbles out. Streaming on Netflix.
Book/Novel
Suspect by Scott Turow (2022)
A legal thriller. The story revolves around Lucia Gomez, the police chief of Kindle County, Illinois, a woman with immense respect, reputation, and character. Her world turns upside down when she is accused by three male police officers of seeking sexual favours for promoting them. She contacts an old friend Rik Dudek, a lawyer to defend her case which gains national attention. Rik teams up with Clarice “Pinky” Granum a failed but brilliant private investigator. Together they unravel the deepest truths while cracking this sensational case.
TV Series
Reasonable Doubt (Since 2022)
A corporate lawyer handles several high-profile cases amidst personal turmoil of her separation from husband. The series deals with how she navigates through each of these challenges. Streaming on Hulu.
The meaning of karma is in the intention – the intention behind action is what matters The Bhagavad Gita
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
