Search Results for: limited liability
Understanding the types of Prepaid Instruments under Payment and Settlements Act
Under the Master Directions for PPIs (MD-PPI), three types of PPIs are recognized namely a) Closed System PPIs b) Semi-Closed System PPIs c) Open System PPIs Closed System PPIs are those PPIs which are issued by an entity for facilitating the purchase … Continue reading
20 Seconds Mobile Hacking scare… Can We look at Solutions?
For the last few days, the YouTube video of Mr Saket Modi showing the 20 Sec mobile hack in a TV studio in front of honourable Minister of IT and Law, Mr Ravishankar Prasad with some key officials of Government … Continue reading
Information Technology Structure for NBFCs.. RBI issues guidelines
On June 8, 2017, RBI issued an important document containing guidelines for Information Technology Framework for NBFC sector. The Master Direction sets detailed guidelines for managing the IT infrastructure by NBFCs in order to enhance the safety, security and efficiency of … Continue reading
Data Processors in India should avoid entering into unenforceable contracts which may be termed “Fraudulent”
Globalization of Indian IT business has created many challenges to the Indian economy as a whole and in particular to certain domain specific regulators. One such regulator who finds himself frequently under a bind is RBI while regulating the Foreign … Continue reading
Does DMCA pose a risk to Indian hosting companies also?
When a hosting company hosts user content, there is always a risk of the hosting company being charged for abetting the copyright infringement if any by the user. In India, intermediaries are subject to the “Due Diligence” requirement under Section … Continue reading
Consumer Protection Bill 2015- Some Thoughts 5-What’s in It for Business?
(This is a continuation of the series of articles on this subject) Article1 : Article 2 : Article 3: Article 4 : Article 5 (Easy to Read copy of the Bill) What’s in It for Business? The first impression about a new … Continue reading