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Author: Shraddha Korekar

Legacy > Articles posted by Shraddha Korekar
19 September
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AI On Trial: Rethinking Liability In India’s Current Legal Framework

Posted by Shraddha Korekar
in Published Articles

To read the article on Mondaq, click here. Introduction Artificial Intelligence is no longer a futuristic concept in India. It is rapidly transforming healthcare, financial services, education, and governance, and has become embedded in the everyday lives of people. However, such mainstream adoption also brings with it a pressing legal dilemma to decide as to who should be held accountable when AI systems malfunction or cause irreparable harm? Unlike traditional technologies, AI systems are characterized by autonomous decision making, which often makes it difficult to pinpoint liability in case of any damage. While India has existing legal frameworks such as the Digital Personal...

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05 June
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Stamp Duty And Corporate Restructuring Regime In India: A Glimpse

Posted by Shraddha Korekar
in Published Articles

To read the article on Mondaq, click here. Stamp Duty Legislation and its Significance in State Revenue With an outgrowth in mergers and amalgamations happening across the Indian market, the State Government has been exercising its power to levy specific stamp duties on these transactions under the Indian Stamp Act, 1899. The Hon'ble Supreme Court of India has classified mergers, demergers, amalgamations, and other corporate transactions within the category of 'conveyance', defined under Section 2(10) of the Indian Stamp Act, 1899 and has provided that State Government may prescribe/levy specific stamp duty rates in different States based on market value of the...

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