We are a family of strong 800+ people including 470+ professionals working from 14 locations across India.
We have a rich heritage and enduring legacy which are pivotal in shaping trust, excellence, and unparalleled legal expertise, thus building a strong reputation and a trusted brand.
We started in 1985 in a single room set up by the two founders with no prior experience of working in a law firm. Both the founders had outstanding academic records and focused on their deep understanding of the law to form the foundation of the firm.
Integrity, Knowledge and Passion are the principles that resonate with every member of our LKS family and the work that we do. These values drive us to build a community of legally sound professionals and well-serviced clients.
Everything we have accomplished over the last four decades is a result of our unique way of thinking which is deeply influenced by our core values and principles that define us.
We and our professionals consistently garner appreciation for the quality of our services and the depth of our legal expertise. This consistent acknowledgment serves as a testament to our unwavering commitment to exceed expectations.
DPDPA: Concerns and impact in the online gaming world
By Prashant Phillips, Sameer Avasarala and Abhishek Singh
The article discusses how the gaming industry will be impacted by the Digital Personal Data Protection Act, 2023. It discusses how the new law once enforced will require platforms, gaming developers, and gamers (or users) alike to pay attention to the framework under which personal data may be processed, notices reviewed, consents provided (where required) and rights exercised with regard to the processing of personal data. Elaborately discussing the impact on gaming platforms, covering technical and organizational measures, grievance redressal, etc., the authors also examine the requirements associated with processing of children’s data. According to them, the advent of DPDPA requires entities in the online gaming sector to realign and reimagine their data collection and handling practices, as entities may have to implement more elaborate measures, especially in the context of processing activities, advertising, and engagements, in order to remain compliant. They, in this regard, also note that privacy measures play a greater role today in instilling confidence among various stakeholders, users, employees, and investors alike.
Notifications and Circulars
Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019 amended
SEBI standardizes Private Placement Memorandum (PPM) Audit Report
Key Facts Statement (KFS) for loans & advances
Omnibus framework for recognizing Self-Regulatory Organisations (SROs) for Regulated Entities (REs) of RBI
Protection of investors on transfer of securities in dematerialised form
Additional disclosure requirements by FPIs
Ratio decidendi
Real estate projects registered separately under RERA though in single township, cannot be constituted as single project to ascertain threshold prescribed for homebuyers under IBC Section 7 - NCLAT
Additional stamp duty not leviable on increase in authorized capital of a company if the prescribed maximum stamp duty already paid - Supreme Court
‘Free of cost’ copy of final order sent by NCLT Registry as per NCLT Rules, cannot be used as a certified copy for filing appeal before NCLAT - NCLAT
Operational creditor can only be paid under IBC Section 30(2)(b) by way of cash payment and not by way of issuing equity - NCLAT
Arbitration Section 16 empowers Arbitral Tribunal to implead a non-signatory to arbitration proceedings even if same not sought in Section 11 application before High Court - Bombay High Court
News Nuggets
Wage ceiling under EPFO may be raised to INR 21,000
Draft Digital Competition Bill - Deadline for comments extended till May 15
RBI to permit linking of PPIs through third-party UPI applications
Reliance Securities receives SEBI’s approval for change in control
SEBI launches new version of SCORES
ASCI and CCPA join hands to curb misleading advertisements
