Page 23 - Draft Rules News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. The Government of India, by way of a gazette notification dated February 9, 2021, has circulated Draft Patent Amendment Rules, 2021 (Draft Rules) seeking comments of the stakeholders by March 9, 2021. The Draft Rules proposes to include "eligible education institution" as an added category of applicants which can avail and file request for expedited examination of patent applications under Rule 24C of the Patents Rules, 2003. As per the Draft Rules, an "eligible education institution" means...

A chief compliance officer will respond on a 24×7 basis to any complaint from law enforcement. There will also be a portal dedicated to grievance redressal and an oversight mechanism.

India-Amendments to CSR Rules: A Game Changer Tuesday, February 2, 2021 Targeted focus on creating ‘impact’ using CSR funds Role of International organisations in planning and developing CSR Projects; Mandatory registration of implementing agencies appointed by the company with Ministry of Corporate Affairs (MCA); Introduction of Administrative overheads with prescribed 5% cap on such expenses; Clarity regarding the scope of Corporate Social Responsibility and Role of CSR Committees; Background  Corporate Social Responsibility (“ CSR”) was for the first time introduced as a...

(Bloomberg) -- Ant Group Co. could resume its plans for an initial public offering once problems are resolved, China’s central bank chief said, offering some relief to global investors seeking signs on what the future holds for the world’s largest fintech giant.People’s Bank of China Governor Yi Gang said relevant agencies are still investigating issues related to monopolies at billionaire Jack Ma’s Ant Group, adding that the matters were “complicated” and some risks concerned consumer privacy. To resolve the problems, regulators need a clear legal fra...

A string of recent events in China's payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant's public sale and a government directive to reform the firm's business, the Chinese authorities sent another message this week signaling plans to curb concentration in the flourishing digital payments industry. The set of draft rules, designed to regulate non-bank payments and released by the People's Bank of China (PBOC) this week, said any non-bank payments processor with over one-third of the non-ban...