Advisory and Regulatory

Advisory and Regulatory

Imagine India's economy as a bustling marketplace. To keep things fair and safe, we have advisors and regulators, just like shopkeepers and inspectors!

Advisors: Think of them as experienced guides. They help businesses understand complex rules (like product safety standards) and suggest best practices. Think tax consultants or environmental advisors.

Regulators: These are the inspectors, ensuring everyone plays by the rules. They set guidelines (like pollution limits) and monitor compliance, often through government bodies.

History: This system emerged after India's independence, aiming for balanced growth. Initially, the focus was on heavy industries, later shifting to diverse sectors.

Challenges: It's a complex dance! Finding the right balance between advising and regulating can be tricky. Over-regulation can stifle innovation, while under-regulation risks safety and fairness.

Progress: India is constantly adapting! Streamlining processes, using technology, and involving stakeholders are key efforts to make the system smoother and more effective.

Remember, a well-functioning advisory and regulatory system helps India's economy thrive, benefiting everyone!

Some Miserable Points of Advisory & Regulatory:

• Licensing- SL has extensive experience in advising domestic as well as international clients on intricate licensing issues on all types of IPRs. 

• Biological Diversity- SL has advised domestic and international clients on complex issues pertaining to the Biological Diversity Act, 2002 including conducting compliance audits as well as representing clients before the National Biodiversity Authority and State Biodiversity Boards.

• Data Protection and Privacy laws

• Medical Devices Regulations