Insolvency regulator, IBBI has specified minimum and maximum penalty on 14 contraventions to ensure that Insolvency Professionals (IPs) better discharge their duties and at the same time help distinguish the performers and non-performers amongst them.
The Union Cabinet on 28 July approved amendments to the Limited Liability Partnership Act 2008 to bring Limited Liability Partnerships (LLPs) on an equal playing field to that of large corporates.
On this our Partner, Vasanth Rajasekaran told Media Nama that notably, other jurisdictions like the EU have dealt with this issue by requiring impact assessment in line with the General Data Protection Regulation before operation.
Our Partner Vasanth Rajasekaran was quoted in The Straits Times, Singapore on the newly notified “The Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021”.