LEGAL RAMIFICATIONS OF INDIAN DATA PROTECTION LEGISLATION ON GLOBAL COMPANIES

Author – S.SRINIDHI, Student at SAVEETHA SCHOOL OF LAW, SIMATS.

Best Citation – S.SRINIDHI, LEGAL RAMIFICATIONS OF INDIAN DATA PROTECTION LEGISLATION ON GLOBAL COMPANIES, INTERNATIONAL JOURNAL OF CRIMINAL JURISPRUDENCE, 1 (1) of 2023, Pg. 48-52, ISBN (P) – 978-81-960702-2-9.

ABSTRACT

The Personal Data Protection Bill (PDPB) is a comprehensive legislation that seeks to regulate the processing of personal data in India. This legislation impacts multinational corporations that conduct business in India and requires them to comply with new rules and standards for the collection, storage, and use of personal data. The objective of this study is to analyse the legal ramifications of Indian data protection legislation on global companies and the challenges they face in complying with the PDPB requirements. Another objective is to explore strategies that multinational corporations can adopt to ensure compliance and mitigate legal and reputational risks. It highlighted the need for multinational corporations to collaborate with Indian regulators and stakeholders to develop effective data protection frameworks. This requires a proactive approach to compliance that goes beyond mere legal compliance to include ethical considerations and stakeholder engagement. By doing so, multinational corporations can build trust with Indian consumers and demonstrate their commitment to protecting personal data.

KEYWORDS: Indian Personal Data Protection Bill (PDPB), Data Privacy and Security, Multinational Corporations, Cross-Border Data Transfer, Data Localization