The GDPR Regulations, have now made sure that any organization under whose surveillance such a breach takes place is held liable for such breach. This in turn leads to all organizations around the world, be it Google, Yahoo, Facebook or Instagram to update their privacy policies and make them severer and more difficult to violate. GDPR has further provided for the maximum penalties which would be levied if such GDPR is breached by an organization. The maximum fine levied on such an organization is a fine up to 4% of their annual global turnover or € 20 million, whichever is higher.
Background to Apex Court Ruling Recently, the Supreme Court of India (“Apex Court”) has clarified the principle of special allowances in the case of The Regional Provident Fund Commissioner (II) West Bengal Vs Vivekananda Vidyamandir & Others in Civil Appeal No. 6221 of 2011 by interpreting and having a conjoint reading of “basic wage” under … Continue reading Provident Fund Laws: Clarification on Special Allowances – Turbulence in Industry
Our Client: Evriksh Healthcare Private Limited ("Medlabz") Deal Summary: Medlife International Private Limited has acquired ‘Medlabz’, a Mumbai-based digital healthcare platform and ‘diagnostics at home’ service provider. By way of this acquisition, Medlife seeks to foray deeper into the diagnostics segment and thereunder, strengthen its business of wholesale and retail sale of pharmaceutical products, tele-consultation, … Continue reading Medlife acquires Mumbai-based Medlabz
Introduction Doing business in India has entered an exciting phase owing to the launch of start-ups providing niche services as per their sectoral expertise. In order to encourage the growth of start-ups in the country, the Government has from time to time attempted to simplify the incorporation process and promote ease of doing business in … Continue reading Incorporation under Companies Act 2013 – Road towards simplification
Further to our article the Maharashtra Shops and Establishment (Regulation of Employment and Conditions of Service) Act and Rules: A Step Forward or a Step Backward? (Part 2), this article seeks to outline the step-wise procedure for obtaining new registration or renewing / amending the registration or cancellation of the registration under the Maharashtra Shops … Continue reading Registration, Renewal and Cancellation of License Under the Maharashtra Shops and Establishment (Regulation of Employment and Conditions of Service) Act, 2017