Company: KNRX
Filing Date: 2025-06-12
Form Type: F-1/A
Source: 0001641172-25-014801
Chunk: 48

Company: KNOREX LTD.
Filing Date: 2025-06-12
Form: F-1/A
Chunk 48
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PDPA introduces several compliance requirements for collection and processing of personal data. The DPDPA applies to the processing of digital personal data in India, where the personal data is either (i) collected in digital form; or (ii) collected in a non-digitized format and subsequently digitized. The DPDPA does not apply to the processing of personal data in non-digitized form.

The DPDPA has extra territorial application ,i.e., it applies to the processing of personal data outside India (irrespective of the location of the entity processing) in connection with offering goods or services to data principals located within the territory of India. The provisions of the DPDPA do not apply to (i) personal data processed by an individual for personal or domestic purposes, and (ii) personal data that is made or caused to be made publicly available by (a) the data principal to whom such personal data relates, or (b) any other person who is under a legal obligation to make personal data publicly available.

Earlier this year, on April 11, 2023, the Competition Amendment Act, 2023 (the “Amendment Act”) received the presidential assent to amend the Competition Act, 2002 (the “Act”) and strengthen the existing competition law framework in India. The Amendment Act has introduced changes to the merger control regime, provisions on behavioral issues as well as the enforcement framework under the Act. The Act prohibits anti-competitive agreements and abuse of dominant position. This Act expanded the definition of anti-competitive agreements and also increased the penalties for anti-competitive behavior and for furnishing false information.

Changes in the legal environment of Vietnam and inconsistency in Vietnam legal system may affect our business, financial condition and results of operations.

Our business operations in Vietnam are subject to the legal environment in Vietnam.

The legal system of Vietnam differs from most common law jurisdictions, in that it is a system in which decided legal cases have little precedential value. The laws and regulations are subject to broad and varying interpretations by government officials and courts. For vague regulations, the courts of Vietnam have the power to read implied terms into contracts, adding a further layer of uncertainty. As a result, government officials and courts often express different views from those of lawyers on the legality, validity, and effect of a particular legal document. In addition, the views of governmental authority received on a particular issue have no binding effect or finality, so there is no guarantee that similar issues will be dealt with in a similar way by other governmental authorities. Furthermore,