Though AI is touted to be the next big sector impacting all our lives and the economy, other niche sector from Lifesciences, Climate tech to space tourism and online gaming are the sectors to watch out for in the coming years.
Edition 99 • December 2023
Ringing in the new
To say that 2023 was eventful is an understatement. From landing on the moon to heading the G20 summit, getting a new Parliament building and overtaking China to be the most populated country in the world, India has done it all. In fact, the Indian Supreme Court disposed of a record 52,000 cases, the highest in 6 years.
All this, despite the North-eastern ethnic violence and India blazing through to the Cricket World cup finals, only to lose to Australia. World over, fresh war between Israel - Palestine broke out leaving a trail of death and destruction even as Russia-Ukraine show no sign of truce. 2023 was the hottest years in the history of the world making climate change a reality. Walt Disney turned a 100! AI and its creators remained in the news for the right and wrong reasons! The world moves on.
Insights
Preserving Cinematic Legacy: An Analysis of the Film Titles - The Sholay Paradigm in IP
The name of a film / movie is the starting point of its intellectual property and hence its preservation and protection become vital to IP of cinematic creative works.
Tête-à-tête
As the year ends, a look at landmark judgments passed by the Hon’ble Supreme Court of India.
IBC Cases
A monthly update of the most significant cases on insolvency and bankruptcy and its resolution
What's Brewing
The Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023
The Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023 seeks to be a comprehensive and one stop legislation for all matters relating to offshore mining of minerals.
Circulars & Notifications
The latest set of circulars and notifications brought out by the MCA, FEMA, SEBI & RBI.
Circulars
Nil
Notifications
Nil
Circulars
Nil
Notifications
7th
November 2023
Master Direction on Information Technology
Governance, Risk, Controls and Assurance Practices
8th
November 2023
10th
November 2023
10th
November 2023
Formation of new districts in the State of Rajasthan – Assignment
of Lead Bank Responsibility
15th
November 2023
16th
November 2023
Regulatory measures towards consumer credit and bank credit to
NBFCs
17th
November 2023
Circulars
1st November 2023
Simplification and streamlining of Offer
Documents of Mutual Fund Schemes
8th November 2023
8th November 2023
8th November 2023
13th November 2023
Most Important Terms and Conditions
17th
November 2023
Notifications
Nil
Circulars
Nil
Notifications
Nil
Notifications
1st
November 2023
Notification No. 95/2023 [F.
No.500/PF10/S10(23FE)/FT&TR-II-Part(1)]/SO 4755(E)
1st
November 2023
Notification No. 96/2023 F.No.
503/12/2012-FTD.I] / SO 4756(E)
6th
November 2023
Notification No. 97/2023 [F. No.
196/25/2021-ITA-I] / SO 4817(E)
6th
November 2023
Notification No. 98/2023
[F.No.300196/8/2018-ITA-I] / SO 4828(E)
15th
November 2023
15th
November 2023
20th
November 2023
Notification No. 99/2023
[F.No.225/94/2023-ITA.II]/ SO 4996(E)
24th
November 2023
Notification
No.100/2023[F.No.300196/31/2019-ITA-I]/SO 5044(E)
24th
November 2023
Notification No.
101/2023[F.No.300196/34/2022-ITA-I]/SO 5045(E)
Circulars
Nil
Notifications
2nd November 2023
53/2023-Central
Tax- Seeks to notify a special procedure for condonation of delay in filing of
appeals against demand orders passed until 31st March,
2023
17th
November 2023
54/2023-Central
Tax- Seeks to amend Notification No. 27/2022 dated 26.12.2022 to notify
biometric-based Aadhaar authentication for GST registration in the State of
Andhra Pradesh.
Notifications
A. Tariff
30th November 2023
63/2023-Customs-
Seeks to amend notification No. 22/2022-Customs, dated the 30th April, 2022, in
order to align it with changes introduced vide notification No. 72/2023-Customs
(N.T.), dated 30.09.2023
B. Non-Tariff
1st
November 2023
80/2023-Customs
(NT)- Appointment of Common
Adjudicating Authority i.r.o. M/s Jubilant Ingrevia Ltd. Pune,
Maharashtra
2nd
November 2023
81/2023-Customs
(NT)- Exchange Rate Notification No. 81/2023-Cus (NT) dated 02.11.2023-reg
15th
November 2023
82/2023-Customs
(NT)- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and
Silver- Reg.
15th
November 2023
83/2023-Customs
(NT)- Exchange Rate Notification No. 83/2023-Cus (NT) dated 15.11.2023-reg
16th
November 2023
84/2023-Customs
(NT)- Exchange Rate Notification No. 84/2023-Cus (NT) dated 16.11.2023-reg
23rd November 2023
85/2023-Customs
(NT)- Appointment of Common Adjudicating Authority i.r.o. M/s Goldripe
International Pvt. Ltd. Meerut, Uttar Pradesh.
28th November 2023
86/2023-Customs
(NT)- Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and
Silver- Reg.
29th November 2023
87/2023-Customs (NT)- Notification to exempt deposits into ECL
till 19th January 2024
29th November 2023
88/2023-Customs
(NT)- Exemption of deposits from the provisions of Section 51 of Customs Act,
1962-reg
30th November 2023
89/2023-Customs (NT)- Fixation of Tariff Value of Edible Oils,
Brass Scrap, Areca Nut, Gold and Silver- Reg.
C. ANTI-DUMPING
17th November 2023
11/2023-Customs (ADD)- seeks to impose anti-dumping duty on
toughened glass for home appliances imported from China PR for a period of 5
years.
21st November 2023
12/2023-Customs (ADD)- Seeks to continue levy of anti-dumping duty
on "Synthetic Grade Zeolite 4A (Detergent Grade) from China PR for 5 years
pursuant to First Sunset Review Final Findings issued by DGTR.
22nd November 2023
13/2023-Customs (ADD)- Seeks to further amend notification No. 47/2021-Customs
(ADD), dated 26th August, 2021, imposing Anti-dumping Duty on imports of
"Natural mica-based pearl industrial pigments excluding cosmetic
grade" from China PR, to modify the existing duty table .
D. Circulars
1st
November 2023
27/2023-
Authorization of Booking Post Offices and their corresponding Foreign Post
Offices in terms of the Postal Export (Electronic Declaration and Processing)
Regulations, 2022 – Reg
8th
November 2023
28/2023-
Allowing advance assessment of Courier Shipping Bills- Reg
The Verdict
Agreement to sell is not same as sale deed
The SC held that an agreement to sell is not a sale deed as the agreement to sell does not amount to conveyance of the property and its rights.
Apex Rulings
Supreme Court judgments that have profound bearing on the society.
Go Figure
An Analysis of Mckinsey’s Technology Trends Outlook Report 2023
Cloud computing, machine learning and digital identity are tech trends set to dominate the coming years.
Lawtitude
Health vs. Freedom: Colombia's Anti-Junk Food Law in Focus
Colombia enacted the first of its kind law on taxing ultra processed / junk foods to discourage people from unhealthy eating habits.
Legal-ease
Legal words that are not as difficult as they sound. Learn their meaning. Use them right!
zealous witness
A witness who displays undue favouritism towards one party in a case
x-patents
It is the patents issued by the United States Patent and Trademark Office (USPTO)
youthful offenders
Under-age persons who are accused of crimes who are processed through a juvenile court and juvenile detention or prison facilities. mostly a youth-full offender is under the age of 18
adjudication
a sentence or a decision imposed by a competent court
Infographic
Women and Political Equality
Women empowerment in politics became a step closer to reality with enactment of the 128th Constitution Amendment Bill seeking to reserve 1/3rd of total seats exclusively for women.
Lawlipop
Important legal and other news having a bearing on society depicted in a fun quirky way!
Third gear:
India to be third largest economy by 2030: S&P Global ratings
Specially abled:
Kerala woman without arms secures four wheeler DL
(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
Just Mercy (2019)
The movie is a biographical legal that traces the life of the world-renowned law professor, author, and social rights activist Bryan Stevenson who founded the “Equal Justice Initiative” in Alabama to represent and defend people who cannot accord legal representation. Bryan Stevenson (played by Michael B Jordan) deals with many cases one of which is the case of Walter Johnny D McMillian (played by Jamie Foxx), an African American wrongfully convicted for the murder of a young white woman. Despite Walter maintaining his innocence, he is handed the death sentence based on the testimony of a fellow inmate who wrongfully testifies in exchange for reduced prison time. Stevenson sets out to procure justice for Walter while encountering racism and other legal, political hassles.
Book/Novel
False Witness by Karin Slaughter (2021)
Leigh Collier is a divorced single mother and defence attorney working in a prestigious law firm in Atlanta. Her seemingly normal life hides a childhood marred by emotional scars and violence. At work, she is specifically chosen to represent the case of a wealthy businessman accused of multiple rapes and reluctantly agrees. When she meets him in person, she realizes that he has a connection to her turbulent childhood. With no one to empathise her situation, a disturbed Leigh reaches out to her estranged sister Callie who shares the traumatised childhood with Leigh. Together they find out the truth before it destroys their lives.
TV Series
Bull (2016-2022)
An American legal television series, it revolves around a jury consulting firm headed by Dr. Jason Bull – a psychologist and trial expert. He and his team use their unique skill in not only selecting the right members for a jury, but also decide on the arguments that can be put forth by the lawyers that will find favour with the jury members. The series is inspired by the life of renowned psychologist Dr. Phil McGraw who was also executive producer of the show. Streaming on Amazon Prime Video.
No one can make you feel inferior without your consent Eleanor Roosevelt
Readers' Corner
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