PhonePe's Tax Allocation, Court Service Via Whatsapp, DPDP Bill & More
In this edition of Grapevine, we'll uncover PhonePe’s return to India, examine the legal validity of court service sent via WhatsApp, key aspects of the DPDP bill, Treelife’s latest projects, media features & more.
Why did PhonePe investors have to pay INR 8000 crores as tax?
There's been a lot of talk about PhonePe's return to India (Reverse Flip) and what it means for the startup industry and why investors, led by Walmart bear a tax liability pay ~INR 8,000 Cr liability. We've taken the time to look more closely at this and tried to understand why PhonePe made this move, how they did it, and what consequences it had for the company and the investors.
Head to the article for a deeper understanding of why PhonePe took this step, click to KNOW MORE
Validity of WhatsApp Documents as Court Service: A Changing Landscape
With the legal system having already embraced technology and digital transformation to streamline their processes and enhance accessibility and electronic filing systems, digital signatures, and online platforms for case management, it has now also started accepting WhatsApp as a tool to enhance client communication and flow of information. Courts in India have also started accepting service of documents sent through WhatsApp to be valid service in certain situations.
Hit the button to KNOW MORE about the analysis of accepting WhatsApp as a valid platform for service
Compliance with the Indian Data Protection Act for B2B SaaS businesses
The Digital Personal Data Protection Act, 2023 (“Act”) is intended to safeguard and protect digital personal data, and (inter alia) govern the manner in which it can be collected, stored, processed, transferred, and erased. While B2B SaaS platforms have limited Personal Data collection, Personal Data can still be collected and processed in case of user accounts for individuals/employees/representatives of enterprise customers.
Businesses can take the following actions toward compliance with the Act:
Conduct a Data audit
Limit personal data usage
Update product to enable privacy rights
Implement technical and organizational measures to protect personal data.
Designate a data protection officer (DPO) to oversee compliance with the Act.
For a more in-depth understanding, please click on KNOW MORE
Selligion Technologies raises INR 5 crore in Pre-Series A Funding
Selligion Technologies Private Limited, a consumer cloud computer manufacturer, recently secured a new round of funding. The raised funds will be allocated towards research and development as well as enhancing the manufacturing capabilities for their next phase of expansion.
Pooja Radia and Rishi Shah from Treelife played a crucial role in assisting Selligion with the necessary documentation for the 3 crore funding received from Malpani Ventures
Published on Entrepreneur India
Click on KNOW MORE to read the article.
Data protection bill will compel companies to review their current working ways, make investments in new processes
Data protection bill will compel companies to review their current working ways, make investments in new processes
Our co-founder Garima Mitra was featured in an article about the impact of the Data Protection Bill by Economic Times India. She spoke about the age threshold of minors being 18+ years old and the amendment to the Right to Information Act.
Explore the article detailing how the bill affects startup founders by clicking here.
POSH at Workplace Training Session At Treelife
Prachi Agarwal led an awareness session on the Prohibition Of Sexual Harassment at the workplace. The session covered identifying acts of sexual harassment, preventive measures, and the redressal mechanism.
Additionally, information was provided on Treelife’s gender-neutral POSH Policy and what actions to take in case an act is committed.
Curious to learn more about the POSH policy? Click here for further insights.
Be a Good Samaritan
Join Treelife's street play in Mumbai at Marine Drive (Sunday Streets), spreading awareness about the Good Samaritan law that protects those aiding road accident victims.
Further details are to be announced soon.
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