Knowledge Bank

As the name suggests, Knowledge Bank is a compilation of all legal material that can help laymen, law students and lawyers get fact-checked & accurate legal information. Stay updated with legal events with segments like Amendment Simplified, News, Know The Law, i.e., legal term simplified, and tips.

Amendments Simplified

Insurance (Amendment) Bill, 2021 

Introduction  The Insurance (Amendment) Bill, 2021 was introduced in Rajya Sabha, on March 15, 2021, by the Minister of Corporate Affairs, Ms. Nirmala Sitharaman. The Bill amends the Insurance Act, 1938. The Act aims to provide a structure for the conduct of insurance business and regulation of insurance business's relationship with various stakeholders such as poli...

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Amendments Simplified

The Foreign Contribution (Regulation) Amendment Bill, 2020

  The Foreign Contribution (Regulation) Amendment Bill, 2020 was introduced in Lok Sabha on September 20, 2020. The Foreign Contribution (Regulation) Act, 2010 which regulates the acceptance and utilization of foreign contributions by individuals, associations, and companies are amended by this Bill. Background Soon after India attained its independence, t...

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Amendments Simplified

National Education Policy,2020

The Union Cabinet chaired by Prime Minister Shri Narendra Modi granted its approval to the National Education Policy 2020. The National Education Policy 2020 is expected to make way for large-scale transformations and reforms in schools as well as the higher education sector. It will replace the old National Policy on Education 1986, which had proved itself redundant and in...

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Amendments Simplified

The Surrogacy (Regulation) Bill, 2020

The minister of health and family welfare, Dr. Harsh Vardhan had introduced the ‘The Surrogacy (Regulation) Bill, 2019’ in Lok Sabha on 15th July 2019. This is the first time that the country gets a legal definition for surrogacy. The Bill defines surrogacy as, “a practice where a woman gives birth to a child for an intending couple with the intention to hand over the child...

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Amendments Simplified

The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020

Introduction The Insolvency & Bankruptcy (Second Amendment) Bill, 2020, was introduced in Rajya Sabha and was passed on September 21st, 2020, to amend the Insolvency & Bankruptcy (Amendment) Ordinance, 2020 & Insolvency & Bankruptcy Code, 2016.  The code is significant legislation that provides a solution for Non-Performing Assets. It provides a colle...

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Amendments Simplified

The Government of National Capital Territory of Delhi (Amendment) Bill, 2021

The Government of National Capital Territory of Delhi (Amendment) Act, 2021, was introduced in Lok Sabha on March 15, 2021.   Background-  Initially, when the ‘government’ was used, it used to be synonymous with ‘The state government of Delhi,’ and the state government used to enjoy the power to make rules and regulations and perform its functions in the state. ...

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Amendments Simplified

The Patents (Amendments) Rules, 2020 

Introduction The Central Government, while exercising its powers conferred upon it under Section 159 of the Patents Act, 1970 (“The Act”), had passed the Patents (Amendment) Rules of 2020 (“The Rules”) on October 19, 2020.  The amendment has streamlined the requirements related to the filing of Form 27 and submission of verified English translation of priority docume...

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Amendments Simplified

The Medical Termination of Pregnancy Act, 2020

Statistics show that a woman dies of unsafe abortion practices every two hours in India. Abortion falls under the purview of Art 21 of the Indian Constitution. The UDHR also classifies reproductive rights as one of the basic Human Rights. However, for years there have been never-ending debates for and against Abortion. The traditional argument from most anti-abortionists is ...

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Amendments Simplified

The Companies (Amendment) Bill, 2020

A.    Introduction Corporate laws serve as the foundation of commercial regulations as they govern corporate entities in the market by regulating how they function and ensuring that they stand accountable to their shareholders and lay down corporate governance norms. India has witnessed a drastic shift in its corporate governance framework in the last few deca...

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Amendments Simplified

Personal Data Protection Bill, 2019

The Personal Data Protection Bill, 2019, has been at the top of discussions for the last two years. With both appreciation and criticism, the Bill has been tabled at the house of parliament for the winter session. The PDP Bill has some constructive inclusion in the data protection sphere. Still, a few exceptions towards data processing by the government entities have put i...

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