Jan Vishwas (Amendment of Provisions) Act, 2023 Decriminalizes Intellectual Property Laws in India
The Jan Vishwas (Amendment of Provisions) Act, 2023, (JV Act) came into force on August 11, 2023. The term ‘Jan Vishwas’, which translates as ‘public trust’ in English, signifies a significant step towards trust-based governance and ease of doing business.
The JV Act ushers in a transformative era by revising penalties for non-compliance, emphasizing financial penalties over punitive measures,...