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Showing posts from January, 2022
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  The Limitation Act, 1963 sets the clock based on Gregorian calendar Hi Everyone …. ... Many of us must have heard about the Julian calendar and the Gregorian calendar. Most of us would also know that we and world at large use the Gregorian, a calendar which was introduced by Pope Gregory III in 1582. This calendar superseded the erstwhile J ulian  calendar as it was found that Julian calendar is not addressing the aspects of 'Earth's revolution' and 'Years' calculation accurately. So the G regorian  calendar was introduced which then rectified the error. But ..... how many of us would know that because of the shift from Julian calendar to Gregorian calendar, the world lost around '11 days'. As result of this shift or modification, the day that fell post 04th October, 1582 was 15th October, 1582 and not 05th October, 1582. The Gregorian calendar had reset the time in its process to rectify the error of t he previous long standing Julian calendar. Under
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Are Cryptocurrencies, like Bitcoin or Ethereum, legal in India? As on date of writing this update (ie. 05th January, 2022), India does not ban or prohibit circulation or operation of Cryptocurrency in any manner. However, there isn't any regulatory framework either, and the Government is seemingly working into this aspect. Few weeks back, sometime in October, 2021, it was announced that a Bill relating to creation of a regulatory framework will be tabled in the Parliament, but that did not happen and the same was deferred by the Government. Previously, sometime back on 06th April, 2018, the Reserve Bank of India had, vide a circular, advised the Banks to not to permit settlement in respect of transactions to or from the Crypto exchanges. This circular of 06th April, 2018, was subsequently struck- down by the Hon'ble Supreme Court of India , on 04th March, 2020, holding the same to be 'disproportionate', in its judgement in  Internet & Mobile Association vs. Reserve