#NAMA: Impact of IT Rules 2021 on intermediaries, platform power and compliance burden
Key Takeaways Definition of “social media intermediaries” too broad. Exceptions for some use cases would have made great sense. Need clarity on the 5 million threshold. How do significant social media intermediaries define “5 million users” — daily or monthly active users, or registered users and so on? 5 million number is very low in India Need consultations for an “intelligent definition” for intermediaries Personal liability of chief compliance officer a might be too much risk for one person Timelines for grievance redressal might be too onerous on companies Rules might achie...