THE ETHICAL IMPLICATIONS OF AI IN THE INDIAN LEGAL SYSTEM: ACCOUNTABILITY AND TRANSPARENCY
While Artificial intelligence (“AI”) has the potential to dramatically transform numerous aspects of Indian society, ranging from healthcare, education, and law enforcement to transportation and agriculture, there are numerous ethical challenges and implications that its use throws up, which need to be carefully considered and addressed. AI uses algorithms to execute jobs that would normally …
Wills in India- Essential Elements and Legal Requirements
“Will” refers to a legal document or declaration that a person during his lifetime makes in order to plan the distribution of his assets and properties in a way he wants. Writing a will as an instrument enables the heirs and survivors of the deceased to inherit the property in the way the deceased wanted. …
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Business setup in Special Economic Zones (SEZ) in India
A Special Economic Zone (SEZ) refers to an allocated and demarcated geographical area wherein the government has taken steps to liberalize the mercantile, business, and trade laws in order to encourage business activity and separate it from different parts of the country.
RISE OF VENTURE DEBT FINANCING IN INDIA
India’s fast expanding economy and democratically-run government that has accepted reforms has led to institutional investors investing in India. While venture debt funding is a well-known idea in Silicon Valley, it has only lately emerged as a practical choice for startup businesses in India and currently a rise in the Venture debt financing in India is …
Complying with Indian Legal Metrology laws
India has a well-established legal metrology framework that regulates the measurements and weights of products sold in the country. The Legal Metrology Act, 2009, defines Legal Metrology under section 2(g) “as that part of metrology which treats units of weighment and measurement, methods of weighment and measurement and weighing and measuring instruments, in relation to …
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IMPLICATIONS OF THE DIGITAL RUPEE ON CRYPTOCURRENCY IN INDIA
Virtual currencies have always been tightly restricted, if not outright prohibited, in India. The Reserve Bank of India (“RBI”) has consistently opposed the use of “private virtual currencies” due to their uncontrollability. Illicit black-market transactions and shadow economies are feasible because the RBI has no control over who or how much cryptocurrency is transported where. …
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Commercial Lease Agreements in India
A commercial lease agreement (“Agreement”) is an instrument and a contract executed between the owner (“Lessor”) of an immovable property (“Property”) for lease and the entity/individual (“Lessee”) desirous to lease (acquire possession) the Property for commercial purposes. This Agreement records the terms and conditions which bind the parties to the transaction and are mutually agreed …
REDUCTION IN WORKFORCE– INDIAN LEGAL FRAMEWORK AND ALTERNATIVE ARRANGEMENTS
Large corporations around the globe such as Twitter, Meta, Amazon etc., are reported to have laid off employees for various reasons and workforce everywhere is going through a phase of uncertainty, and India is no different. In common parlance, ‘lay-off’ is generally referred to reduction in workforce or downsizing.