Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 119

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 119
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 Management Act, 1999 (FEMA) was passed in India to consolidate and amend the laws relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of the foreign exchange market in India. There are various rules and regulations that are prescribed under the FEMA, and its applicability depends on the nature of business carried out by the subsidiary company and these regulations must be mandatorily complied with.

Anti-Money Laundering Regulations

In India, anti-money laundering (AML) regulations refer to a comprehensive framework of laws, regulations and procedures aimed at preventing the illicit acquisition of funds through illegal means. The Prevention of Money Laundering Act, 2002 (PMLA) and the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 (Rules) are the primary laws enforced to combat money laundering activities in the country. The anti-money laundering laws in India are framed within a comprehensive framework consisting of the Prevention of Money Laundering Act 2002, its associated rules and regulations developed by regulatory bodies such as the Reserve Bank of India (RBI) and the Securities and Exchange Board of India. Together, these laws and regulations form a robust framework for preventing money laundering activities in the country.

Intellectual Property Laws

The intellectual property laws and regulations in India are namely the Patents Act, 1970 and the Trademarks Act, 1999. The Patents Act of 1970 protects inventions, and a product patent is allowed in all fields of technology including food, drugs, chemicals and microorganisms and it also provides for pre-grant and post-grant oppositions. The objective of the Trademarks Act of 1999 is to register trademarks applied for in the country and to provide for better protection of trademark for goods and services to prevent fraudulent use of the mark. For availing protection under the Trademarks Act, 1999 the trademark must first be registered with the Trademarks Registry in India. Furthermore, pursuant to the accession to the Madrid Protocol, a Treaty for international registration of trademarks, applications can be made, and trademarks can be registered on an international forum for their protection.

The Digital Personal Data Protection Act, 2023

This Act provides for the processing of digital personal data in a manner that recognizes both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes and for matters connected therewith or incidental thereto. This statute was enacted by the Government of India to make the process of