Notification / Circulars
Arbitration
Alternate Dispute Resolution (ADR) has been gaining ground in the recent past in view of the backlog of cases in the courts and other judiciary forums. ADR, if properly understood, could result in less painful resolution to disputes resulting in considerable savings in time and money. The following are articles published in Chartered Secretary – December 2024 issue, the official publication of the Institute of Company Secretaries of India (ICSI). The information has been sourced from the official website of the ICSI which is free-to-download. The information is being furnished to the members of the Chamber as a service. Members are encouraged to visit the website of ICSI and its publication “Chartered Secretary” a monthly magazine.
Mediation Act and Rules: Understanding Finer Nuances
https://www.icsi.edu/media/webmodules/CSJ/December-2024/15.pdf
Author: CS (Dr.) V. Balachandran, FCS Formerly, Sr. Professor and Dean, Faculty of Management, Alagappa University, Karaikudi, Tamil Nadu, drvbchand@gmail.com
Non Adversarial Settlement of Commercial Disputes: Move towards Judicial Autonomy to Corporates
https://www.icsi.edu/media/webmodules/CSJ/December-2024/16.pdf
Author: CS (Prof.) Subrata Kumar Ray, FCS Adjunct Professor of Law and Management, Maulana Abul Kalam University of Technology, West Bengal subrataoffice@rediffmail.com
AI & Digitization in Arbitration
https://www.icsi.edu/media/webmodules/CSJ/December-2024/17.pdf
Author: CS Raman Narasimhan, FCS Risk & Compliance Advisor nramans@gmail.com
Mediation and Arbitration: Securing the Future for Company Secretaries Professionals
https://www.icsi.edu/media/webmodules/CSJ/December-2024/18.pdf
Author: CS Soniya Sethi, ACS Compliance Officer and Operation Manager Solis Commodities DMCC Dubai, UAE soniyasethi8@gmail.com
Transforming Alternate Dispute Resolution: Role of AI and Digitisation in Shaping Future of Conflict Resolution
https://www.icsi.edu/media/webmodules/CSJ/December-2024/19.pdf
Joint Authors: CS Praveen Kumar, ACS Director, MY Organic Bharat Research Centre Mumbai praveenshivs@gmail.com , Sakshi Dubey Legal & Compliance Officer, MY Organic Bharat Mumbai cssakshi9@gmail.com
Information & Communication Technology
The Ministry of Electronics and Information Technology has released the draft rules for the Digital Personal Data Protection Act.
The rules have been much awaited since the act was passed in the Parliament in August 2023.
Sharing the following documents released by MeiTY
Draft Digital Personal Data Protection Rules,2025
https://www.meity.gov.in/writereaddata/files/259889.pdf
Explanatory note to Digital Personal Data Protection Rules, 2025
https://www.meity.gov.in/writereaddata/files/Explanatory-Note-DPDP-Rules-2025.pdf
Notice_Consultation – Draft Digital Personal Data Protection Rules,2025
Suggestions and objections regarding the draft rules can be submitted through the MyGov portal until February 18, 2025.
Standards, Certifications & Regulations for Business
Information on government Standards, Certifications and Regulations helps in making informed decisions on exports to various markets across the globe.
The Food Safety and Standards Authority of India (FSSAI)
The Food Safety and Standards Authority of India (FSSAI) has issued a new order recently making it mandatory for food business operators (FBOs) to link their Permanent Account Number (PAN) to their FSSAI licenses and registrations. An order stipulating this compliance was issued on November 13, 2024.
Click the Link to FSSAI Notification : https://www.fssai.gov.in
FSSAI classifies packaged drinking water as ‘High Risk Food Category’- Food products that come under the ‘High Risk’ category are subjected to mandatory risk-based inspections.
Link to FSSAI Notification : https://fssai.gov.in/upload/advisories/
ISO
Free Download Document Link to Download – https://www.iso.org/obp/ui/en/#iso:std:iso:iwa:48:ed-1:v1:en
ESG
Green Steel Taxonomy
India unveiled World’s first Green Steel Taxonomy – The taxonomy aims to redefine the production of steel in India by focusing on reducing carbon emissions and fostering innovation in sustainable practices. The Green Steel Taxonomy provides a structured framework for defining, producing, and rating steel based on its environmental impact. It introduces a star-rating system to categorize green steel based on emission intensity.
Link to the Green Taxonomy Framework : https://egazette.gov.in/WriteReadData/2024/259382.pdf