On April 6 th , 2023, a new regulations for Online Gaming was ben introduced under section 87 of the Information Technology Act, 2000 ( hereinafter referred to as the “ IT Act ”) by Ministry of Electronics and Information Technology ( hereinafter referred to as the “ MeITY ”) via amendment of The Informational Technology, 2021 (Intermediary Guidelines and Digital Media Ethics Code) (hereinafter referred to as the “ Online Gaming Regulations ” ), which has significant impact on Online Gaming in India. This Gaming Regulations is a welcome step to clarify uncertainties and to reign certain activities such as betting and gambling which have plagued the online gaming sector. The online gaming sector is in its nascent stage in India and to curve its growth on innovative track, there are few additional checks and balances have been imposed via Online Gaming Regulations which includes but not limited to the introduction of Self-Regulatory Body (hereinafter referred to as th...
Equi Corp Associates (ECA) is a multispecialty law firm based in Delhi/NCR, India for providing affordable access to legal counsel benefitting start-ups, small and growing businesses, social business enterprises, impact investors and non-profit organizations. ECA boutique service offerings are primarily at the intersection of start-up, sustainable development, social enterprise and investment sectors, designed to help clients wade through laws that were not originally designed with them in mind.