Alaya Legal

Bimonthly updates on cases and developments including "dispute resolution", "corporate", "energy", and "information technology and artificial intelligence".

A document in appearance, the Constitution of India upholds the core principles of democracy and sovereignty. 🇮🇳 This #ConstitutionDayofIndia, we recognise the enduring framework that safeguards our rights, freedoms, and duties, guiding the nation towards justice, equality, and liberty. 📜⚖️ #AlayaLegal #ConstitutionOfIndia #LegalFramework #JusticeForAll

The prestigious 97th Annual General Meeting of FICCI was a great opportunity to interact with industry leaders and gain their perspectives on not only the challenges but also the opportunities that will shape the business landscape going forward. To achieve Viksit Bharat's goal by 2047 is very ambitious indeed, but that precisely is the point. To set targets and find ways to meet them—whether by financing or by innovation—our leaders, particularly the Hon'ble Ministers Bhupender Yadav and Piyush Goyal, promised that the government is listening to industry stakeholders and is open to collaboration and making things happen. We look forward to continuing our engagement with FICCI and contributing to India’s growth story. #FICCIforViksitBharat #FICCIAGM

At the FICCI's 97th Annual General Meeting and Annual Convention. This year's theme, 'Our Actions for Viksit Bharat' resonates with Alaya Legal's commitment to driving a positive change. We are eager to make the most of the discussions surrounding Make-in-India, Women-led Development, Farm Prosperity, and Sustainability. Suniti Kaur Ashwini Panwar #FICCIforViksitBharat #FICCIAGM

The Ministry of Environment, Forest and Climate Change in its notification dated November 12, 2024 has exempted the all industrial plants from the requirement of obtaining prior approval from the relevant state pollution control boards to establish and operate: (i) having pollution index score up to 20, as listed in the Schedule (LIST OF WHITE CATEGORY OF SECTORS CLASSIFIED BY CPCB FROM TIME TO TIME, AS PER THE 2016 CLASSIFICATION METHODOLOGY); (ii) which have obtained prior environmental clearance as per the notification of the Government of India in the erstwhile Ministry of Environment and Forests number S.O. 1533(E), dated the 14th September, 2006 issued under the Environment (Protection) Act, 1986 (29 of 1986), in respect of previous consent to establish such plant. These permissions are known as ‘Consent to Establish’ and ‘Consent to Operate’. This exemption comes as a relief for the White category industries which are considered to have minimal to negligible potential for pollution and also reduced the burden on the state pollution control boards. #complianceupdate #EC #clearance #MoEFCC

Bimonthly updates on cases and developments including "dispute resolution", "corporate", "energy", and "information technology and artificial intelligence".

The Constitution of India (‘Constitution’) guarantees every person certain fundamental rights. Over time, these fundamental rights have been interpreted in various ways, leading to several other aspects of life becoming inextricably linked to them.   This article examines how the Supreme Court of India (‘the Court’) has interpreted these fundamental rights to include the Right to a Clean Environment and the Right Against the Adverse Effects of Climate Change, aiming to fulfill India's international obligations and commitments. #AlayaLegal #CorporateLaw #IndianConstitution #FundamentalRights #SupremeCourtOfIndia #EnvironmentalRights #SustainableFuture #LegalInsights #CorporateResponsibility #IndiaLaw https://lnkd.in/efuKvs3K

Exciting news! 🎉 The article “GCD Networks and Exclusivity Concerns” written by Ms. Suniti Kaur (Co-founder & Executive Partner) and Mr. Ashwini Panwar (Legal Associate) has been featured in the Mondaq Thought Leader Autumn 2024 List in India! 😊👏🏻 A proud moment for the team, highlighting their thought leadership and expertise, and their commitment to contributing to the advancement of legal discourse and industry practices. 💼 Here’s to more impactful contributions ahead! 🚀 #Mondaq #ThoughtLeadership #LegalExcellence #ProudMoment #LegalCommunity #TeamSuccess #AlayaLegal #CorporateLaw

The Reserve Bank of India (RBI) has issued an amendment on November 06, 2024, to the ‘Master Direction on Know Your Customer (KYC) Direction, 2016’, to align with the recent amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and the Unlawful Activities (Prevention) Act, 1967 (UAPA). The amended provisions in the Master Direction shall come into force with immediate effect. Key amendments include: ➡ Paragraph 10. Customer Acceptance Policy. Regulated Entities (REs) shall apply the Customer Due Diligence (CDD) procedure at the Unique Customer Identification Code (UCIC) level. Thus, if an existing KYC-compliant customer of a regulated entity desires to open another account or avail any other product or service from the same RE, there shall be no need for a fresh CDD exercise as far as the identification of the customer is concerned. ➡ Paragraph 56(h). CDD Procedure and sharing KYC information with Central KYC Records Registry (CKYCR).  The periodic KYC updation process has been clarified, and new requirements for updating KYC records with CKYCR have been established. The updated procedures also specify how REs must handle the KYC information retrieval process, including the use of KYC identifiers from CKYCR. #RBI #MasterDirections #KYC #CustomerDueDiligence #RegulatoryUpdates

In its recent press release, the Ministry of Petroleum and Natural Gas has issued an explainer in relation to achieving 15% ethanol blending in 2024 and targeting 20% ethanol blending by 2025. As the world’s third-largest energy consumer, the country has traditionally depended on oil imports to meet its growing energy demands. However, with ethanol blending, India has a promising opportunity to reduce its dependence on imported oil while addressing environmental concerns. The release states the key measures to achieve 20% Ethanol Blending by 2025-26, such as: ▶ The government has developed a detailed roadmap for ethanol blending to guide effective implementation. ▶ Efforts are underway to expand the feedstock used for ethanol production, allowing for more efficient and sustainable sourcing. ▶ A favourable procurement price for ethanol has been established under the Ethanol Blending Programme (EBP), ensuring fair compensation for producers. ▶ The Goods and Services Tax (GST) on ethanol for the EBP has been reduced to 5%, making it more financially attractive for producers and consumers. ▶ Changes have been made to the Industries (Development & Regulation) Act, 1951 to facilitate the free movement of ethanol across states, promoting easier blending operations. ▶ An interest subvention scheme has been introduced to provide interest subsidies aimed at enhancing and augmenting ethanol production capacity in the country. ▶ Public Sector Oil Marketing Companies (OMCs) are actively floating Expressions of Interest for the procurement of ethanol, ensuring a steady demand and fostering market growth. The release further highlights that the government is making substantial strides towards its ambitious target of 20% blending by 2025. The ongoing efforts underscore a proactive approach to sustainable energy solutions, positioning India as a leader in biofuel adoption and setting a precedent for others to follow. #ethanol #renewableenergy #oil #energy #sustainability