Recently the Reserve Bank of India (RBI) cautioned users of virtual currencies against various risks. These include legal risks as well. RBI has not said anything new and it has just reiterated what many legal experts have been saying for long. Further, although many Bitcoins websites in India have been either suspended or closed down […]
RBI Declares That Bitcoin Users In India Are Vulnerable To Legal Actions
Reserve Bank of India (RBI) has reiterated what was explicit and was expected. Through a public advisory RBI declared that use of Bitcoins in India is legally risky. The advisory of RBI is in conformity with the views expressed by Perry4Law so far. By taking this stand RBI has also clarified that use of Bitcoins […]
Corporate Environment Is Changing In India
The corporate environment of India is fast changing. Even the Parliament of India realised this fact and it passed the Indian Companies Act, 2013 (PDF). The Act has streamlined the corporate environment of India and has also widened the powers of serious Frauds Investigation Office (SFIO) that can now investigate many more serious frauds happening […]
Airtel And Tata Teleservices Limited Are Violating Internet Intermediary Rules Of India
Indian telecom companies are taking Indian laws for granted. For instance, Airtel and Tata Teleservices limited (TTL) are already in cyber law violation controversy. Both Airtel and TTL have violated the mandates of Information Technology (Intermediaries Guidelines) Rules, 2011 (PDF) of India. This is contrary to the stringent stand taken by Indian government and telecom […]
The Decision Of Gauhati High Court Declaring CBI Unconstitutional Is Legally Sustainable- Praveen Dalal
For too long techno legal experts like Praveen Dalal have been stressing that law enforcement agencies and intelligence agencies of India must not only be regulated through a legal framework but they must also be bound by parliamentary oversight. However, Indian government preferred to keep this crucial aspect under the carpet. Indian Government did not […]
Online Pharmacies Websites Of India Under Regulatory Scanner And Punishment May Follow
There are many entrepreneurs in India that are trying to get monetary benefit out of the e-commerce boom. However, in order to earn profits, these entrepreneurs are openly violating the laws of India. Naturally the e-commerce websites frauds, offences and crimes in India and e-commerce frauds in India are on rise. E-commerce websites dealing with […]
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