Anti-dumping measures are part of a defensive toolkit used by members of the World Trade Organization (WTO) to protect their...

The scheme of scrutiny assessment under Income Tax witnessed a paradigm shift with the introduction of faceless assessment...

In just over three decades of the world wide web’s existence, over half of the world is now online; with...

Sujjain Talwar, Co-Founding Partner, Economic Laws Practice has been quoted in the News18...

Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including..

In a recent article by Business Standard , ELP’s Ashish Prasad discusses the legal

ELP’s Yashojit Mitra (Partner, Corporate & Commercial Team) has been extensively quoted in

Nishant Shah, Partner, Economic Laws Practice has been quoted in the Telegraph on an article which underpins the need...

Given below are some key news updates from the past week...

The present appeal was preferred by Ellora Paper Mills Ltd. (Ellora) against the judgement of the Madhya Pradesh High Court...

The Ministry of Corporate Affairs (MCA) has notified certain important changes in relation to payment of additional fees for delay...

Sections 73 and 74 of the Central Goods and Services Tax Act, 2017 (‘CGST Act’) contain

Following significant changes have been recently introduced

Given below are some key news updates from the past week pertaining to

The increasing popularity of cryptocurrencies has sparked several debates around the world on their legality and efficacy.

In Tata Capital Housing Finance Ltd v Shri Chand Construction and Apartment Private Limited, the Delhi High Court has held that unilateral...

Given below are some key news updates from the past week pertaining to international trade and customs

The Securities and Exchange Board of India (SEBI) has announced tighter rules for companies raising capital from the markets, anchor...

The Securities and Exchange Board of India (SEBI) has approved crucial changes to IPO’s in India. These include restricting the...

Given below are some key news updates from the past week

The purchase and sale of power in India have long been dominated by power purchase agreements (PPAs) that state-owned distribution...

In this month’s newsletter, we at Economic Laws Practice (ELP) have examined the decision of the Appellate Tribunal for Electricity setting aside...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Podcast Series: Parthasarathi Jha in conversation with

Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including:  ...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Harsh Shah, Partner, Economic Laws Practice (ELP) has been quoted by Times Property in their article titled ‘Demonetisation five years...

Dear Reader, The Income-tax Appellate Tribunal, Mumbai in its recent ruling held that the gift of brand to the corpus...

Naresh Thacker, Partner, Litigation, Arbitration And Dispute Resolution and Ria Dalwan, Associate at Economic Laws Practice (ELP) have co-authored an...

Babu Sivaprakasam, Senior Partner, Economic Laws Practice (ELP) has been

Given below are some key news updates from the past week

SEBI has issued changes and clarifications to the regulatory framework in respect of the following: Disclosure obligations of listed entities...

This week, we bring to you our analysis of the Supreme Court’s judgment in Gujarat State Disaster Management Authority v....

Over the last few years, companies in the construction sector have been hit by cash flow concerns. While these companies...

On October 8, 2021, a landmark deal was reached amongst over 130 countries where the broad contours of Two Pillar...

An increasing trend is quite visible where working professionals are pledging or giving away chunks of their wealth for philanthropy...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Dear Reader In this week’s arbitration update, Economic Laws Practice (ELP)’s dispute resolution team analyzes an interesting issue pertaining to...

Dear Reader   The Competition Commission of India (CCI) on November 18, 2021 released its report on “Market Study on...

Open access is envisaged as one of the corner-stones of the Electricity Act, 2003 (Electricity Act).

Podcast Series: Parthasarathi Jha in conversation with...

Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both...

Dear Reader Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues...

SEBI amended the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations 2018”)...

Dear Reader The attached update contains a snapshot of the key developments in India’s trade defence actions in 2021 thus...

ELP’s update today is on the recently notified Legal Metrology (Packaged Commodities) Amendment Rules, 2021. The government of India has...

Dear Reader, In this month’s newsletter, we have examined the order of the Supreme Court regarding jurisdiction of regulatory bodies...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

The OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) issued a statement on a

Certain regulatory changes to the framework for related party transactions (RPTs) and co-investment by investors of Alternative Investment Funds (AIFs)...

Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both

We are pleased to share with you the latest edition of our Competition Law update, where we cover some of...

The rage for non-fungible tokens (NFTs) has taken India’s entertainment and social media industry by storm with a host of...

Dear Reader Given below are some key news updates from the past week pertaining to  international trade and customs both...

Dear Readers, On 27 October 2021, the Ministry of Finance, Government of India, incorporated new Anti-Absorption (AA) Rules into existing...

Dear Reader, We hope this email finds you well. We are writing to you with an important update regarding mandatory...

Dear Reader, For this week’s update, we analyze the Hon’ble Supreme Court’s decision in Garg Builders v. Bharat Heavy Electricals...

Economic Laws Practice (ELP)'s, Harsh Shah (Partner) and Ruchita Shah

Given below are some key news updates from the past week pertaining to international trade

Real estate developers have reached out to the government for clarity and concessions on the issue of double GST

Podcast Series: Sujjain Talwar in conversation with Nishant Shah.

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Economic Laws Practice (ELP) & Taxsutra in their monthly Newsletter titled ‘Navigating GST 2.0’ give a comprehensive analysis of :...

Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including- Commercial...

In this week’s update, we analyze the decision of the Supreme Court in DLF Home Developers Limited v. Rajpura Homes...

SEBI has approved measures to make mergers and acquisitions of listed companies easier and allow the establishment of gold and...

SEBI has eased the delisting framework, which is seen as a move to boosting merger and acquisition (M&A) activity in...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

For this week’s update, we analyze the Delhi High Court’s (Court) judgement in Steel Authority of India Limited v. Tata...

Set against the backdrop of one of the most difficult periods in the hospitality sector, ELP’s booklet is an attempt...

ELP’s Abhay Joshi (Partner) & Tanaya Sethi (Principal Associate) have been invited by Competition Policy International to author an article on ‘ How Should the...

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain Chemicals into...

ELP’s Babu Sivaprakasam, Aditya Khadria and Rahul Veera in their article for Business World discuss the regulatory changes in the...

Abhay Joshi (Partner), Sahil Khanna (Senior Associate)and Ketki Agarwal (Associate) from ELP recently authored an article on ‘Importance of Disclosures...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Per Section 8(1) of Goods and Services Tax (Compensation to States) Act, 2017, the GST Compensation cess was expected to...

ELP’s Adarsh Somani (Partner) has been quoted by News18 in their article titled ‘GST Meet on Friday: Petrol, Zomato, Swiggy,...

ELP’s Aakanksha Joshi’s article titled “A new pipeline for infrastructure” has been published in HBL. The article talks about how...

‘India Update – Part 2 of 2021’ is the latest addition to the ELP Knowledge Series. This document is intended...

Economic Laws Practice (ELP)’s Aakanksha Joshi (Partner) and Megha Agarwal (Principal Associate) in their article titled ‘Guest Data – Right to be forgotten’

Long-term capital loss on sale of shares purchased at a premium held to be genuine

Hon’ble Supreme Court inter alia held that the challenge to Rule 89(5) of the Central Goods and Service Tax Rules,...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Dhrupad Vaghani has been quoted in The Hindu Business Line in their article on ‘IBC @ 5 plays savior to...

Economic Laws Practice (ELP)’s Sanjay Notani and Naghm Ghei in their article ‘EU’s “Carbon Border Tax”: Implications for WTO & Developing Countries’ on ET Edge...

ELP’s Partner Adarsh Somani speaks of the PLI the scheme for textiles and how by design the scheme does not...

Economic Laws Practice (ELP)’s Adarsh Somani has been quoted in Business Standard in its article on ‘Union Cabinet approves Rs...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

SEBI had recently introduced the concept of accredited investors (AIs) in the securities market, and accordingly, carried out certain changes...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

MCA has issued a comprehensive set of seventy two (72) FAQs in supersession of its earlier FAQs and has also...

The US Food and Drug Administration (USFDA) has given full approval to the Pfizer-BioNTech Covid-19 vaccine for people aged

In Gemini Bay Transaction Pvt. Ltd. v. Integrated Sales Services Ltd. & Anr. the Supreme Court of India (SC) dealt...

With the view to boost foreign investments in the insurance sector, the Ministry of Finance (MoF) has notified changes..

Addressing the question of whether an order passed by an emergency arbitrator is enforceable under the Arbitration and Conciliation Act...

Economic Laws Practice (ELP)’s Partner, Rohit Jain has been quoted in Moneycontrol article on the RoDTEP scheme.

Rohit Jain and Gourav Sogani, Partners at Economic Laws Practice (ELP) have been quoted in Business Line (aka The Hindu...

Rohit Jain, Senior Partner, Economic Laws Practice (ELP) has been quoted in Business Standard article on the much-awaited guidelines and...

Rohit Jain, Senior Partner, Economic Laws Practice (ELP) has been quoted in today's moneycontrol.com article on the RoDTEP Scheme announced by the...

The much-awaited rates for Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme under Chapter 4 of the Foreign...

Economic Laws Practice (ELP) Partner, Abhishek Sanyal has been quoted in LiveMint in an article on Bombay HC’s interim order on IT Rules, which has...

Economic Laws Practice (ELP)’s Rohit Jain has been extensively quoted in today’s The Economic Times in an article “Auto sector fears higher GST rate...

Consequent to COVID-2019 pandemic, the Central Government announced a nationwide lockdown in March 2020. The same caused considerable disruption in...

Nishant Shah, Partner, Economic Laws Practice (ELP) & Kazim Rizvi, Founder, The Dialogue have authored an article

Economic Laws Practice (ELP)'s Nishant Shah has been quoted in LiveMint in an article on the ‘Country of Origin’ issues...

In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet approved a scheme to provide INR 1,624 crores...

RBI has proposed rationalisation of overseas investment regulations under Foreign Exchange Management Act, 1999 (FEMA), and has released following draft...

Taxpayer was issued a notice under Section 142(1) of the Income-tax Act (IT Act), to which the petitioner replied and...

Economic Laws Practice (ELP)’s Sujjain Talwar and Aakanksha Joshi have co-authored a chapter on Representations, Warranties, Indemnities and Insurance in...

Section9 of the Arbitration and Conciliation Act 1996 (her einafter Arbitration Act), is a necessary provision

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Withdrawal of retrospective amendment in relation to indirect transfer, not to apply to transactions before May 28, 2012: Taxation Laws...

When GST was introduced in 2017, an area of taxation which failed to be addressed was the taxability of intra-entity...

In Odisha State Road Transport Corporation v. ARSS Bus Terminal Pvt. Ltd.1 , the Respondent was able to secure a...

In a series of announcements, India’s key regulators have introduced the following changes

The Directorate General of Trade Remedies (DGTR) on July 29, 2021 issued multiple Trade Notices amending the existing questionnaire formats...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

The issue concerns the interpretation of the proviso to Order 7 Rule 11 Civil Procedure Code, 1908 (CPC) i.e. once...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

We bring to you an important Banking & Finance update. There has been a significant judgement (Judgement) by the Hon’ble...

The CCI approves the Reliance Retail and Future Group Transaction

Recently, the Supreme Court considered whether the power of a court under Section 34 of the Arbitration and Conciliation Act,...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

We write to you with an important update on Bureau of Indian Standards (BIS) certification in India

Aakanksha Joshi, Partner and Megha Agarwal, Principal Associate in their article with HospitalityBiz India online discuss

Acknowledging the difficulties faced by enterprises, the Competition Commission of India (CCI) has issued a notification dated July 1, 2021...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

With a significant shift in global trends towards a stakeholder-centric governance structure, investors are recognizing the importance of assimilating non-financial...

In their article for Jindal Global Law School's (JGLS) inaugural blog, Stella Joseph and Yash K Desai discuss income tax...

With sustainable and impact investing gaining traction, ESG is picking up pace as an important tool for investors to identify...

In the present set of cases, the Hon’ble Supreme Court (SC) determined two important questions with respect to arbitration proceedings...

The Department of Heavy Industry (DHI) vide its notification dated June 11, 2021 has partially modified the Scheme for Faster...

In their article for Moneycontrol, ELP’s Kumar Visalaksh and Arihant Tater discuss India’s recent decision to be part of the...

The recent CESTAT Bangalore ruling in ICICI Econet and Internet Technology Fund [TS-290-CESTAT-2021-ST] that ‘carried interest’ - which is a...

During her budget speech earlier this year, the Finance Minister, Mrs. Nirmala Sitharaman, had announced that a further review of...

Economic Laws Practice ’s Kumar Visalaksh has been quoted by Express Pharma in their article

The solar sector has been beset with challenges over the last few years, especially with respect to withdrawn or quashed...

The following changes/proposals have been made by SEBI, MCA and the International Financial Services Centres Authority (IFSCA)

The Consumer Protection (E-commerce) Rules, 2020 (E-comm Rules) were notified in July 2020 with the aim to accommodate and regulate...

The taxpayer, a resident company had invested in two overseas subsidiaries in Netherlands and Brazil to further its business. These...

In KLA Const. Technologies Pvt. Ltd. v. The Embassy of Islamic Republic of Afghanistan and Matrix Global Pvt. Ltd. v....

In Board of Control for Cricket in India v. Deccan Chronicle Holdings Ltd.1 , the Bombay High Court(“Hon’ble High Court”)...

ELP’s Sujjain Talwar (Senior Partner) and Megha Agarwal (Principal Associate) have authored an article on for ET Hospitality

SEBI revises regulatory framework for Independent Directors | Introduces concept of well informed investors - accredited investors | Introduces various...

In a move to facilitate investments in International Financial Service Centre (IFSC) and attract foreign funds to relocate and set...

Digital/e-commerce players are facing scrutiny from multiple regulatory check-points in India, a trend which is mirroring the global current in...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

SEBI attempts to ease M&A involving open offer and delisting | AIF norms for investments by an AIF into other...

In another breather to the industry in transacting matters MCA has allowed holding of extraordinary general meetings (EGMs) vide video...

The Dialogue and Economic Laws Practice released a white paper titled “Taxation of the Digitalized Economy..

ELP has been invited by OCR is pleased to invite you for its ‘First Annual Mid-Year Global Trade Review’ webinar...

ELP in partnership with IVCA is pleased to invite you for its upcoming webinar on “The IFSC Framework – How...

Economic Laws Practice (ELP)'s Sujjain Talwar, Co-founding Partner and Megha Agarwal,

Economic Laws Practice (ELP)’s Aakanksha Joshi, Partner and Megha Agarwal, Principal Associate

Merchandise Exports from India Scheme (MEIS) which was floated under the Foreign Trade Policy

Economic Laws Practice (ELP)’s Naresh Thacker, Partner and Rajashree Ram, Principal Associate in their article

Constitutional validity of section 13(8)(b) and section 8(2) of Integrated Goods and Services Tax Act, 2017 dealing with place of...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

The Reserve Bank of India (RBI) vides its Press Release No. 2021-2022/319 dated June 04, 2021, released a statement setting...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

In an important move and as a relief to the industry in transacting matters, MCA has allowed certain restricted board...

The emergence of new technologies and its application in a variety of systems has led to challenges with respect to...

SEBI has notified the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, on June 10, 2021...

The Madras High Court has set aside an assessment order passed under the Faceless Assessment Scheme on the grounds that...

National Bank for Financing Infrastructure and Development receives assent of the President of India

In order to make Gujarat International Finance Tec-City (GIFT), India's first International Financial Services Centre (IFSC), a global financial hub

The World Customs Organization (WCO) adopted the 7th Edition of Harmonized System (HS 2022) in June 2019 and accepted it...

Economic Laws Practice (ELP)’s Adarsh Somani, Partner and Mohammad Asif Mansoory, Associate Director in their

The issue of classification of parts and accessories has always been a bone of contention which has plagued a plethora...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Exemption from IGST on import of COVID related goods such as medical oxygen, oxygen concentrators and other oxygen storage.

Economic Laws Practice (ELP)’s Sanjay Notani, Partner, Abhishek Sanyal, Partner and Naghm Ghei, Senior Associate have authored an article on...

Economic Laws Practice (ELP)’s Sanjay Notani, Partner, Abhishek Sanyal, Partner and Daryl Menezes, Associate have authored an article on ‘Sale...

There has always been a lingering controversy on whether the Building and Other Construction Workers’ Welfare Cess (BOCWW Cess) will...

Determination of value is a crucial factor in the judicious levying of indirect taxes. One such aspect is interest/penalty/late fee...

In order to offer greater flexibility to SEBI registered Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) in overseas...

Air India, Vistara and other Indian airlines have suffered after authorities in Italy and Hong Kong found COVID-19 cases among...

Blurb for landing page – It is well-settled that charging provisions of tax statutes are to be interpreted in a...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

In a move to streamline the regulatory framework dealing with issuance and listing of debt securities and non-convertible preference shares,

In a move to streamline the regulatory framework dealing with issuance and listing of debt securities and non-convertible preference shares,

Circa 1872, the Privy Council in ‘General Manager of the Raja Durbhunga’ observes that the tribulations of a litigant in...

The constitutionality of various rules issued under the Karnataka Excise Act,1965 were challenged. The issues raised before the Hon’ble Supreme...

In a major move towards growing India’s bullion trading market, SEBI has issued a consultation paper proposing framework for a...

In the infrastructure sector or the construction industry, the responsibility of bearing taxes, duties, levies and cesses is generally thrust...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

A perpetual subject of dispute under the Indian tax laws, has been the classification of goods. Ranging from the age...

The taxpayer, a non-resident holding a British passport had sold 25% shareholding in a private limited company. The deductor at...

The Petitioner is a trader in raw rubber sheets. In the course of the business, the Petitioner purchased goods from...

Government has announced PLI Scheme for 13 Target Sectors, including High Efficiency Solar Photo Voltic (PV) Modules.PLI Scheme for Solar...

SEBI has announced slew of measures in the context of corporate governance norms, boosting the start-up ecosystem and Innovators Growth...

As you are aware, SEBI has recently introduced new sustainability reporting requirements including environment, social and governance (ESG) parameters under...

Bonded warehouse is a facility wherein imported goods are stored under customs control in a designated place/ warehouse. Customs duty...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

MCA has clarified that spending of corporate social responsibility (CSR) funds for the following activities will be eligible CSR activities...

Gap between two board meetings extended under the Companies Act, 2013 (CA2013) Relaxation of provisions relating to the payment of...

Certain important changes have been notified by SEBI related to the mutual fund industry. Additionally, SEBI has also provided relaxations...

In India’s 2021 budget, Finance Minister Nirmala Sitharaman proposed merging the four acts that presently govern capital markets and securities,...

In GST, National Anti-profiteering Authority (NAA) has an innocuous mandate – to ensure that businesses pass on the benefit of...

The Knowledge Series covers many developments over the recent past which will have an impact on companies doing business in/with...

In continuation of its earlier MCA General Circular dated March 23, 2020 which clarified that spending of corporate social responsibility...

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain products into...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Each PLI Scheme specifies conditions and qualifying criterion for eligibility. Qualifying parameters across notified PLI Schemes are similar, with threshold...

Challenging circumstances have unfolded in the wake of the Covid-19 pandemic. Although there are echoes in plagues and the spread...

On January 20, 2021, the Competition Commission of India (CCI) approved the proposed acquisition by Flipkart Investments Private Limited (Flipkart)...

SUPREME COURT APPOINTS ARBITRATOR AND REFUSES TO ENTERTAIN OBJECTIONS OF NOVATION OF AGREEMENT STATING THAT THOSE ARE MATTERS FOR AN...

The Government of India has on 15th and 16th April 2021 notified proposed Quality Control Orders for certain products.

The use of sub-contracting or co-contracting is typically a part of the strategy of most complex projects, especially in the...

The Authority for Advance Ruling (‘AAR’) under the service tax regime, in case of a Global Investment Banking company, while...

Section 9 of the Arbitration and Conciliation Act 1996 (hereinafter Arbitration Act), is a necessary provision, permitting a party to...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

SUPREME COURT: REFUSAL TO SET ASIDE AN ARBITRAL AWARD SINCE DELAY HAS NOT BEEN CONDONED UNDER SECTION 34 (3) WOULD...

The taxpayer, a non-resident holding a British passport had sold 25% shareholding in a private limited company. The deductor at...

Nortel Networks India Pvt. Ltd. (Nortel) undertook certain works for Bharat Sanchar Nigam Ltd. (BSNL) under a purchase order. On...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Public Procurement to provide for Purchase Preference in respect of Renewable Energy Sector.

In order to further enhance the ambit of qualified buyers under the Securitisation and Reconstruction of Financial Assets and Enforcement...

Recently, the Hon’ble Supreme Court of India has, in the matter of P. Mohanraj & Ors. Vs M/s. Shah Brothers Ispat...

Finance Act 2021- A Glimpse into the Future of Indirect Tax Disputes

The Panel in Colombia — Frozen Fries (DS591) does not expect to issue its final report to the parties before...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Certain important changes have been introduced in relation to the Companies Act, 2013 and the Foreign Exchange Management Act, 1999,...

Due to the outbreak of Covid-19 pandemic, litigants across the country faced grave difficulties in filing their petitions, applications, suits,...

Companies will also have to disclose their relationship with struck-off firms and the details of title deeds of immovable property...

MUMBAI: Small shareholders can have a representation on the board of the investee company but not minority shareholders, ruled the..

Vide the Companies (Accounts) Amendment Rules, 2021, dated March 24, 2021 (available here), for the financial year commencing on or...

The Panel in European Union – Safeguard Measures on Certain Steel Products (DS595) does not expect to issue its final...

MCA has carried out major amendments related to reporting and disclosures of information by companies under the Companies Act,2013

A Special Leave Petition was filed by Praveen Electricals Pvt. Ltd. (PEPL), against Galaxy Infra Engineering Pvt. Ltd,(Galaxy), before the...

The Ministry of Finance has opened-up another avenue for investments by Non-Government Provident Funds, Superannuation Funds and Gratuity Funds.

Return of income (ROI) filed by the taxpayer, a tax resident of Canada, for Assessment Year (AY) 2012-13 was selected...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

The taxpayer is a resident Indian end-user of shrink-wrapped computer software. The taxpayer directly imported shrink-wrapped software from USA.

MCA has notified the revised form for annual return (MGT-7) and has also introduced the abridged form of annual return...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

In order to strengthen the institution of independent directors (IDs) and enhance their effectiveness in protection of the interest of...

SEBI has issued a consultation paper introducing the concept of Accredited Investors...

Given below are some key news updates from the past week pertaining to international trade and customs....

The Memorandum to Finance Bill, 2021 (Bill) states that....

The securities market regulator, SEBI, has recently issued a Circular....

Snowballing role of trustees in mutual fund....

Hospitality Biz India is the first hospitality news portal in India to provide quality....

Return of income (ROI) filed by the taxpayer, a tax resident of Canada....

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Zee Business - GST Ka Janjal: ELP Partner Gopal Mundhra on Liquidated Damages.

In a major move which will impact LLPs and its partners, MCA has announced the applicability of following mentioned provisions...

The GST regime came as a solo performer in the Indian world of varied range of indirect taxes. While there...

On January 16, 2021, the Ministry of Railways introduced a new iron-ore policy (Iron-ore Policy) governing allocation of rakes and...

MCA has notified the classes of companies which will not be considered as listed companies for the purposes of the...

Nigeria’s Ngozi Okonjo-Iweala becomes the first woman and first African to head the WTO.

To enable companies to close the rights offer in a shorter period and to expedite this process, Section 62(1)(a) of...

IN India, the annual finance budget is not merely a statement of income and expenditure of Central Government, rather it...

New Law on Re-assessment – Critical to Define “Information"

India is at last putting its money where her mouth is. At Aero India 2021, Raksha Mantri (RM) Rajnath Singh...

The Government of India had constituted an expert committee under the chairmanship of Dr. Jamshed J. Irani to inter alia...

The multiplicity of taxes in India has historically created hindrance in smooth compliance procedure. In order to follow the objective...

Extraordinary times call for extraordinary measures. Batting on a sticky wicket in the aftermath of COVID, the Hon'ble Finance Minister...

This post has been authored by Mr. Naresh Thacker and Mr. Samarth Saxena, Partner and Associate at Economic Laws Practice....

The depreciation on goodwill is always an essential element in calculating post-tax return of an acquisition proposal and would severely...

BUDGET 2021 was well received amongst the business fraternity with its focus on growth and fiscal expansion while simultaneously maintain the...

Exports play a significant role in any economy, with its direct influence on the level of economic growth, employment and...

Demystifying the Budget for Exporters

In the western world, some of the more successful families have reached third or fourth generations in business. Asia holds...

THE Union Budget 2021 renewed its commitment to the government's vision of 'Aatmanirbhar Bharat'. The budget has fostered this theme through its...

In 2014, the Government of India launched an ambitious program of regulatory reforms aimed at ease of doing business in...

Budget 2021-22 will perhaps stand out for its boldness in focusing on reforms aimed at simplifying the administrative

The two T’s of cross border i.e. tension and trade, are best addressed with a clear policy. Well the good...

Budget 2022 was historic in many ways as mentioned by the Finance Minister at the start of her speech given...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

In 2010, Haryana Space Application Centre (Appellant No. 1) invited Requests for Proposal for modernization of land records.

On January 16, 2021, the Ministry of Railways introduced a new iron-ore policy (Iron-ore Policy) governing allocation of rakes and...

ELP’s Partners Rohit Jain and Nishant Shah, along with Senior Counsel, Vikram Nankani & Former CESTAT Member, RK Singh present...

An agricultural infrastructure cess of 100% has been proposed on alcoholic beverages in this year’s Union Budget . In an...

Indian share markets cheered the Union Budget which zoomed over 4 per cent after the FM Nirmala Sitharaman concluded her...

Rohit Jain, Partner, Economic Laws Practice (ELP), has been quoted in Tax World reacts to Indirect Tax/GST proposals in Budget...

Harsh Shah, Partner, Economic Laws Practice (ELP), has been quoted in Tax World reacts to Indirect Tax/GST proposals in Budget...

Nishant Shah, Partner, Economic Laws Practice (ELP) Laws Practice has been quoted by Taxsutra in their Union Budget 2021 analysis.

Harsh Shah, Partner, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.

Rahul Charkha, Associate Director, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.

Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.

Get a quick byte on overview of the Budget2021 with Rohit Jain, Partner, Economic Laws Practice (ELP). He shares about the status...

Union budget 2021: In the last couple of years, the Government has been rationalising the rates of corporate tax, slashing...

The Ministry of Corporate Affairs (MCA) and the Department for Promotion of  Industry and Internal Trade (DPIIT), have introduced certain...

We at ELP have been analyzing the budgets for two decades now and the record will reflect that more often...

With the Finance Minister holding a Made in India Tablet in a red case instead of the conventional briefcase or...

In her Union Budget speech, the Finance Minister was intent on positioning India as a global manufacturing hub calling manufacturers...

Direct tax proposals announced in the budget have been largely towards simplification, ease of doing business and digitization of tax...

The Finance Bill 2021 has proposed that good will of a business or profession will not be considered as a...

To register please contact suchitasaxena@elp-in.com

To register please contact suchitasaxena@elp-in.com

India and Japan are among the largest Asian economies.

Construal of contractual obligations has been marked by depth of thinking under various legal facets including the levy of taxes...

The Central Government is set to revamp the existing model of India's import.

Given below are some key news updates from the past week pertaining..

Given the conflicting decisions on certain issues in relation to the Arbitration and Conciliation Act, 1996..

In order to ensure shareholders’ supremacy in matters of appointment of Managing Director (MD)..

MCA has made certain amendments to the process of conversion of a public company into a private company.

WTO circulated the panel report in the case brought by the United Ara

MCA has enforced various other provisions of the Companies (Amendment) Act, 2020 (CAA), with effect from January 22, 2021.

Given below are some key news updates from the past week pertaining to  international trade and customs both from India...

Spending CSR funds on COVID-19 awareness programme and public outreach for COVID-19 vaccination, notified as an eligible CSR..

The Company Law Committee has proposed various amendments in the limited liability partnership (LLP) framework to allow greater..

As per the press release issued by the Ministry of Commerce and Industry on January 20, 2021..

We hope this email finds you well. We are writing to you with an important..

MCA has introduced the scheme for condonation for delay for companies...

On 13 February 1991, Sardar Sarovar Narmada Nigam Ltd. (Respondent No. 1) entered into a contract with Bhaven Construction (the...

Spending CSR funds on COVID-19 awareness programme and public outreach for COVID-19 vaccination, notified as an eligible CSR..

This July, GST clocked in three years. It has been a muted anniversary.

MCA has extended the relaxations to deal with following matters through VC or OAVM, in accordance with Rule 3 of...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

A reference was made to a three-judge bench of the Supreme Court by a two judge bench of the Supreme...

The MCA has enforced various sections of the Companies (Amendment).

Australia initiates WTO dispute complaint against China concerning anti-dumping and countervailing duties imposed by China on imports of Australian barley.

Economic Laws Practice and Gall solicitors co-hosted a webinar on December 11, 2020, on providing practical considerations for Indian corporates...

For Mutual Funds: Relaxation of requirement for sponsoring the mutual fund, maintaining of minimum..

The Ministry of Corporate Affairs (MCA) has introduced important changes in relation to the provisions of minority squeeze out and...

The Chair of the negotiations on services domestic regulation under the General Agreement

In 2019, SEBI had launched ‘Innovators Growth Platform’ (IGP) erstwhile known as ‘Institutional Trading Platform’ for listing of issuers which...

Economic Laws Practice’s Naresh Thacker and Alok Jain were invited as speakers on the

India has one of the highest pendency of tax litigation matters

106 WTO Members participating in the Investment facilitation negotiations wrap up a productive year.

The Ministry of Road Transport and Highways (MORTH) has, vide notification dated November 10, 2020 revised the model concession agreement

In a move to simplify e-voting facility for shareholders of listed entities and increase participation of non-institutional public shareholders/ retail...

The Central Government has enforced the changes introduced by the Press Note 4/2020, dated September 17, 2020 in the defence...

The present petition was preferred by Kreuz Subsea Pte Ltd. (KSS), the sub-contractor, before the Hon’ble Bombay High Court (Court)...

The taxpayer claimed discount on issue of ESOPs i.e. difference between the grant price and market price of the shares...

WTO circulated the panel report in the case brought by Japan in Korea — Sunset Review of Anti-Dumping Duties on...

The last decade or at least the latter half of it has seen a significant reversal of policies adopted by the governments...

We are writing to you with an important update regarding mandatory requirements applicable to imports of certain products, particularly chemicals into...

On October 1, 2020, the Ministry of Road Transport and Highways (MoRTH) issued guidelines for quality control/assurance in construction of National Highways...

The present petition was filed before the Delhi High Court (Court) under Section 11(5) of the Arbitration and Conciliation Act...

In exercise of it powers under Article 123 of the Constitution of India, on November 4, 2020 the Hon’ble President promulgated...

In arbitration proceedings between Antrix Corporation Limited (Respondent) and Devas Multimedia Private Limited (Petitioner), an Award dated September 14, 2015

The Delhi High Court (High Court) determined whether the trial court erred in disposing of applications under Section 9 of the...

US opposed Russia’s request to join the consultations in the United States - Origin marking requirement (DS597) dispute initiated by...

SEBI has proposed series of changes in relation to the following vide its consultation papers and has sought public comments...

The taxpayer, a company registered and incorporated under the laws of Sweden

India’s regulatory regime in the corporate sector has been witnessing swift changes.

RBI has directed all AD Category-I banks, not to grant approval to any branch office, project office

WTO circulated the compliance panel report in the case brought by Brazil in Indonesia

With a view to improve the ease of doing business and reduce the cost of compliance

Introduction of uniform structure for enforcement of continuous disclosure obligations imposed upon the issuers of listed

PASL Wind Solutions Private Limited (Respondent) issued three purchase orders (POs) to GE Power Conversion

Taxpayer filed its Return of Income (ROI) for Assessment Year (AY) 2012-13 declaring total income of INR 52,72,893.

Recognizing that risk management is a critical function of the board of directors of listed companies, the Securities and Exchange...

In order to promote ease of doing business, updation of records and availability of documents for inspection to stakeholders with...

In order to further streamline the investor grievance redressal mechanism, SEBI has issued following clarifications in relation to resolution of...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

In order to enable unlisted Infrastructure Investment Trust (InvIT) to raise further funds and to facilitate investment in the infrastructure

The move will help mutual funds to further tap the global markets and offer diversification of portfolios to the

In order to ensure that the recognized stock exchanges refer draft schemes to SEBI only upon being fully convinced that...

In continuation of the SEBI board meeting dated September 29, 2020

The Consolidated FDI Policy, 2020 has been released by the Department for Promotion of Industry and Internal Trade, Ministry of...

On August 20 and August 26, 2020, the Competition Commission of India (CCI) closed two suo moto cases relating to...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

Processing of applications for registration of Alternative Investment Fund (AIF) and launching of new schemes, where investment committee of an...

The taxpayer filed its return of income (ROI) declaring NIL income for Assessment Year (AY) 2011-12.

The Companies Act, 2013, requires that every company shall have at least one director who stays in India for a...

In continuation of SEBI board meeting dated September 29, 2020, certain key decisions with respect to the fund managers

Chapter VAA of the Customs Act, 1962 (‘Customs Act’/’the Act’) inserted on March 27, 2020 stipulates a scheme for administering...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

To ease out the compliance burden and ease fund raise, MCA has provided that in case of offer or invitation...

The Government has clarified the entities which get covered under the news digital media sector, wherein 26% foreign direct investment...

In order to standardize the procedure to be followed by the Debenture Trustees in case of default by issuers of...

He commercial measures against China open India to arbitration from foreign investors, implying a heavy financial cost

SEBI has introduced various changes in relation to issuance of debt securities and strengthening of the role of debenture trustees.

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

The taxpayer, a resident of Mauritius, filed its return of income (ROI) declaring gross total income of USD 3,88,810 under...

Currently, there are over 100 state and 40 central laws in India regulating various aspects of labor such as resolution...

In order to standardize the timelines for listing of debt securities, non-convertible redeemable preference shares..

Accumulation of Input tax credit due to inverted rate structure has been a matter of concern for multiple sectors, which...

With an intention to widen and deepen the tax net, Finance Act, 2020, expanded the scope of provisions pertaining to...

In case of initiation of forensic audits, listed entities shall make the disclosures to stock exchanges, without any application of...

We will be presenting a trio of one-hour webinars across a three-week period, planned and catered to fit into your...

Relaxation in guidelines issued for preferential issue and institutional placement of units by listed Real Estate Investment Trusts (REITs) and...

After consultation with the various stakeholders, the Defence Minister promulgated the new Defence Acquisition Procedure 2020

Seller is a person whose total sales, gross receipts or turnover from the business carried on by him exceed INR...

The Companies (Amendment) Act, 2020 (CAA2020), has received the Presidential assent on September 28, 2020.

The Central Government has introduced following series of changes in the Companies Act, 2013, on September 28, 2020

This is the first edition of the Practice Guide – India M&A published by Lexology Getting the Deal Through. It...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

We are six months into the lockdown and corporate India is slowly inching its way back to normal.  Companies are...

Additional guidelines for investment advisers in furtherance of the recently issued SEBI (Investment Advisers) (Amendment)Regulations, 2020, along with the timelines...

In an “International Commercial Arbitration”, The bombay hc appointed an arbitrator althoughthe act vests suchjurisdictiononly inthe supreme court.

The COVID-19 pandemic has worsened the economic slowdown in India, evident from the slide in the GDP growth rate and...

Currently, there are over 100 state and 40 central laws in India regulating various aspects of labor such as resolution...

As you are aware, under the operational guidelines for Foreign Portfolio Investors (FPIs) dated November 5, 2019 (Operational Guidelines are...

As you are aware, to promote greater ease of doing business, the Companies (Amendment) Bill, 2020 (CAB2020) was introduced in...

The COVID-19 pandemic has caused immense loss to the lives of people as well as given rise to an economic...

As you may already know, the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020

As you may already know, the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

The Government of India has revised the sectoral cap in the defence sector, by carrying out changes in the FDI...

The SEBI (International Financial Services Centre) Guidelines, 2015, provide that the stock exchanges operating in International Financial Services Centres (IFSCs)...

The global pandemic has truly transformed the conventional modes of justice dispensation. With strict social distancing measures being imposed in...

The Respondent issued notices inviting tenders for supply of various materials. In response to the same, the Petitioner submitted its...

SEBI has issued a consultation paper dated September 11, 2020, proposing certain changes to the SEBI (Listing Obligations and Disclosure...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

On December 23, 2019 the Delhi Government approved the Delhi Electric Vehicles Policy. On August 7, 2020, the Transport Department...

Due to the rising demand from various associations for extending time to hold annual general meeting (AGM) for financial year...

To initiate the automated process of disclosures under the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), SEBI..

India is currently the second largest arms importer globally after Saudi Arabia1, and spends close to 2% of its GDP...

MCA has relaxed certain deposit norms for start-ups to ease fund raising. This move may help start-ups to pick up...

The Inter-Ministerial Working Group (Working Group) of the Directorate General of Foreign Trade has clarified the time period of validity...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

The taxpayer had acquired development rights to develop seven buildings, of which, the taxpayer had developed and sold four buildings...

A full bench of the Supreme Court of India (Court) has, in the case of Union of India v. Agricas...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

With effect from August 28, 2020, MCA requires every company to upload a copy of the annual return on the...

With effect from August 28, 2020, MCA requires every company to upload a copy of the annual return on the...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

SEBI had recently issued circulars providing for: (a) procedural guidelines (listed below) to be adhered to by proxy advisors, and...

India is currently the second largest arms importer globally, and spends close to 2% of its GDP on defence related...

In the wake of COVID-19 pandemic and observing the importance of role that companies play through CSR, MCA has made...

Chapter VAA and Section 28DA of the Customs Act, 1962 (the Act) was inserted vide clause 110 of the Finance...

Given below are some key news updates from the past week pertaining to international trade and customs both from India...

The Securities and Exchange Board of India (SEBI) on August 19, 2020 has released a consultation paper (Consultation Paper) seeking...

During Assessment Year (AY) 2015-16, the Hon’ble Delhi High Court (HC) had approved the scheme of amalgamation of five companies..

MCA has clarified that the companies whose financial year ended on March 31, 2020, will need to apply in form...

The Covid outbreak has affected several industries in India. The economy is reeling and jobs are diminishing. During this time...

Navigating the Global 360° IMPACT OF COVID-19 Panelists: Naresh Thacker, Partner, Economic Laws Practice ( link this to Naresh profile) Sherina...

Given below are India’s recently reported trade statistics and some key news updates from the past week pertaining to international...

Sanjay Notani, Partner, Economic Laws Practice (ELP), shares his views with India Ahead News, on law & policy issues relating...

SEBI has laid down the procedure for handling complaints by the stock exchanges, as well as standard operating procedure for...

In the times of social distancing, tremendous effort is being made to stay socially connected but physically distant. The telecommunication...

On 24th March 2020, the Ministry of Home Affairs and the National Disaster Management Authority decided to take measures for...

In this first part of a FAQ series brought to you by People Matters in collaboration with ELP, we address...

Businesses are facing an increased risk of losses due to uncertainty and large-scale disruptions to workplace operations. One would like...

SEBI has mandated filing of complaints by investors only on SCORES platform (SEBI Complaints Redress System). It has decided that...

Numerous reasons have recently led to a comprehensive review of India’s strategic engagement with its trading partners.For various reasons..

On July 8, 2020, the Union Cabinet approved a new pan India Central Sector Scheme-Agriculture Infrastructure Fund (Scheme)...

With a view to promulgate the Government’s much heralded Make-in-India policy, the Defence Minister has today announced a negative arms...

In a recent decision, the Customs Excise & Service Tax Appellate Tribunal (CESTAT) has clarified that the determination of “level...

Given below are India’s recently reported trade statistics and some key news updates from the past week pertaining to international...

SEBI, has carried out a series of changes which include, amending the requirement of disclosure of record date, and introducing...

The issue relating to the eligibility of refund of input tax credit on input services accumulated on account of inverted...

With effect from September 1, 2020, certain additional procedural guidelines are required to be adhered to by proxy advisors, and...

As you are aware, SEBI recently extended the relaxations of certain norms for rights issues for listed companies. One of...

The taxpayer, a company incorporated in South Korea along with another Indian Company entered into a ‘turnkey contract’ with ONGC...

In a recent Panel Report of the World Trade Organization (WTO) regarding a dispute filed by Russia against the European...

Schedule IV of the Arbitration and Conciliation Act, 1996 (Act) provides a schedule of fees payable to arbitrator(s). Recently, in...

Given below are India’s recently reported trade statistics and some key news updates from the past week pertaining to international...

SEBI has issued following clarification/ relaxation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(LODR Regulations):

The Government of India is the custodian of the country's natural resources. Such natural resources cater to a large spectrum...

Vide an order dated September 25, 2019 (Order), the Delhi High Court (Court) disposed off the petition filed by ONGC...

The Central Government has amended the FEM (Non-debt Instruments) Rules, 2019 (NDI Rules), to give administrative powers to the..

As part of the recently announced “Atmanirbhar Bharat package” by the Central Government, an amendment has been made

There is no single comprehensive legislation governing public procurements in India. The legal framework surrounding public procurements

Given below are India’s recently reported trade statistics and some key news updates from the past week pertaining to international...

SEBI has extended the one-time relaxations from strict enforcement of certain provisions of SEBI (Issue of Capital and Disclosure Requirements)...

After having realized that currently there is no framework to capture the details of encumbrances in the depository system, other...

As you are aware, SEBI had recently amended the SEBI (Prohibition of Insider Trading) Regulations, 2015 (Insider Trading Regulations) on...

SEBI has carried out certain changes in the SEBI (Settlement Proceedings) Regulations, 2018 (Settlement Regulations), to ease out the settlement...

SEBI has carried out following changes in the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015(Insider...

Given below are key news updates from the past week pertaining to international trade and customs both from India and...

Generally, legislations, more specifically tax legislations, provide for various authorities inter alia to oversee the.

DELHI HIGH COURT HOLDS THAT EVEN IF AN ARBITRAL TRIBUNAL HAS BEEN CONSTITUTED IN RESPECT..

The taxpayers were sub-funds of Aberdeen Delaware Business Trust, a business trust incorporated as per the laws..

DELHI HC REITERATES THAT FOR APPOINTMENT OF A SUBSTITUTE ARBITRATOR, SECTION 11(6) OF THE ACT HAS APPLICATION ONLY IF THERE...

CCI finds cartelization amongst bearing manufacturers, but stops short of imposing a penalty

Given below are key news updates from the past week pertaining to international trade and customs both from India and...

The High Court of Delhi (High Court) vide order dated June 12, 2020 in the case of MEP Infrastructure Developers..

Welcome to The Asia-Pacific Arbitration Review 2021, a Global Arbitration Review special report. Global Arbitration Review is the online home..

The Government of India has recently notified proposed Quality Control Orders for certain Iron and Steel products at the World...

One of the objectives of the Goods and Services Tax (GST) regime is to avoid the cascading effect of taxes...

The COVID-19 pandemic has ushered us in an era of increased protectionism. A recent report of the World Trade Organization...

Given below are key news updates from the past week pertaining to international trade and customs both from India and...

Tax and Regulatory Incentives available for doing Business in/and with India

SEBI has carried out changes in the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Code)...

Rationalized Collection Mechanism of Stamp Duty w.r.t. Securities Market Instruments - Indian Stamp Act, 1899 amendments and rules, to be...

Given below are key news updates from the past week pertaining to international trade and customs both from India and...

As per the data available on the website of National Judicial Data Grid as on June 23, 2020, total number...

In its meeting held on June 25, 2020, SEBI has considered and decided to introduce certain changes in: (i) SEBI...

Recently, in Patel Engineering Ltd. v. North Eastern Electric Power Corporation Ltd., the Supreme Court of India reflected upon “patent...

Economic Laws Practice in association with Taxsutra, releases its second edition of the tax newsletter ‘Navigating GST 2.0’. In this...

The past few weeks have been quite eventful for the Indian arbitration regime. Even though the Supreme Court (SC) continues...

Globalization has been majorly hit with the ongoing crisis; the businesses involved in international trade are facing liquidity issues. Refund...

In continuance of our previous edition, this month’s Infrastructure Digest focusses on the measures taken by various agencies pursuant to...

Recently, in National Agricultural Cooperative Marketing Federation of India v. Alimenta S.A., an appeal was filed against the enforcement of...

2020 has been a year of surprises. One such surprise sprung by the Government of India was the introduction of...

The objective of Goods and Service Tax reform was to guide the nation towards a simpler tax regime with new...

In this case, the HC had been approached by Halliburton (Petitioner) under Section 9 of the Arbitration and Conciliation Act,...

This article discusses the liability of a company to pay Goods and Services Tax ('GST') on Directors' remuneration. Click Here

For this week’s update, we take a look at the Delhi High Court’s judgment in Anant Raj Limited v. Yes...

In order to curb misuse and loss of revenue, the concept of blockage of ITC was introduced by insertion of...

Amidst the Covid-19 outbreak, this quarter witnessed some interesting developments with the CCI directing investigation against the online market giants...

This month's Energy and Infrastructure Digest has a clear focus on the measures being taken by various government agencies to...

Recently, the Cabinet Committee on Economic Affairs approved the scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)...

For this week’s update, we take a look at the Supreme Court’s judgment in Alembic Pharmaceuticals Limited & Ors. v....

For acquisition of listed companies with stressed assets including exemptions from open offer for such acquisitions, SEBI has issued the...

Given below are key news updates from the past week pertaining to international trade and customs both from India and...

Recently the Indian Government vide Notification No. 12/2015-2020 dated June 12, 2020 (the Notification), issued by the Ministry of Commerce...

The Ministry of Finance (MoF) vide notifications dated February 19, 2020 and May 13, 2020, has already clarified that supply...

In a major change in the takeover space of listed companies, creeping acquisition limits and certain prohibition on voluntary.

As you are aware, the Ministry of Corporate Affairs (MCA) had vide General Circular dated April 8, 2020 (available here)...

Considering the debilitating impact of the spread of COVID-19 on various sectors of the economy, Government ministries and departments have

Vide a letter dated April 17, 2020, the Ministry of Power (MoP) passed instructions regarding operation and maintenance of inter-state...

NHAI provides relief measures for contractors, developers and concessionaires in the road sector..

In the alternative investment funds (AIFs) space, SEBI had recently introduced templates for private placement memorandum (PPM),subject to certain exemptions..

Given below are key news updates from the past week pertaining to international trade and customs both from India and...

There is no single comprehensive legislation governing public procurement in India. The legal framework surrounding..

In another move to ease fund raising by listed companies, SEBI, on June 9, 2020 has temporary relaxed certain norms...

The Ministry of Corporate Affairs has enforced certain changes with respect to start-ups and debentures, which are summarized below:

PPP MII Order

The Department for Promotion of Industry and Internal Trade (DPIT) has revised its Public Procurement (Preference to Make in India),...

On June 2, 2020, the United States Trade Representative (USTR) announced that they are beginning investigations under Section 301 of...

Given below are key news updates from the past week pertaining to international trade and customs both from India and...

The centrotrade SAGA SC-Reitertes that a narrow..

The Indian infrastructure sector has gone through two cycles of investment. The current inflection point is borne out of the...

We are writing to bring to your notice certain key news updates from the past week pertaining to international trade...

For this week’s update, we take a look at the Delhi High Court’s judgment in Polytech Trade Foundation vs. UOI...

As part of ELP’s knowledge dissemination initiatives, we are pleased to share with you our update on developments in international...

Nishant Shah, Partner, in a Podcast session with MoneyControl, shares his insights on the performance of the GST system and...

Economic Laws Practice (ELP) in association with Taxsutra, releases its fourth edition of the tax newsletter ‘Navigating GST 2.0’. This...

Vinitt Nagla, Associate Partner, Economic Laws Practice) authored an article in Taxsutra, in which he examines the retrospective amendment to...

Recently, in Patel Engineering Ltd. v. North Eastern Electric Power Corporation Ltd., the Supreme Court of India reflected upon “patent...

Please find attached ELP’s Taxation update (for the period of March 10 – March 31, 2020).

For this week’s update, we take a look at the Supreme Court’s judgment in Bank of Baroda v. Kotak Mahindra...

Marriott International, Inc. (Marriott) has fallen victim to a major data breach, compromising personal information of over 5 million guests,...

As a welcome boost to the domestic maintenance, repair and overhaul (MRO) industry, the Goods and Services Tax (GST) council...

In a decision dated March 11, 2020 concerning penalties levied for environmental pollution, the Delhi High Court has set aside...

Budget 2020 proposed amendments to expand the scope of offences listed u/s 132 by widening the ambit of people who...

Jignesh Ghelani, Partner and Sanchita Rungta, Senior Associate, Economic Laws Practice (ELP), co-author an article in Taxsutra, on the notices...

This week, we analyze the decision of the Supreme Court in the case of Mankastu Impex Private Limited v. Airvisual...

In the wake of pandemic deteriorating the world economy, the countries are facing issues for stabilization in absence of income..

Please find attached Back in Action: Recommencement of Construction Activities: Read the detailed article here.

Please find attached Recent Amendments to India’s FDI Policy: Are they WTO compatible: Read the detailed article here.

Please find attached A Pandemic of Notifications: Major Challenges During Lockdown: Read the detailed article here.

Please find attached The ELP Economic Package Analysis: Read the detailed article here.

Please find attached ELP Competition Update Q1 of 2020: Read the detailed article here.

On April 17, 2020, India amended its Foreign Direct Investment Policy (FDI Policy) requiring all investments from countries sharing land...

Given below are key news updates from the past week pertaining to international trade and customs both from India and...

Please find attached Trade Watch Weekly Bulletin. Read the detailed article here.

On April 30 2020, 19 Members1 of the World Trade Organization (WTO) announced a temporary arrangement on the settlement of...

Dear Reader, We are writing to bring to your notice certain key news updates from the past week pertaining to...

The European Commission (EC) is conducting public consultations on EU’s Generalized Scheme of Preferences (GSP) of granting tariff preferences to...

Please find attached The Indian Hospitality Industry: A Comprehensive Guide to Managing COVID-19. Read the detailed article here.

Please find attached ELP’s Taxation update (for the period of March 10 – March 31, 2020). Read the detailed article...

The global lockdown has exposed the deep dependence of the Indian medical-devices industry on imports. The government has rushed to...

The Director General of Foreign Trade (DGFT) has vide Public Notice No. 63/2015-20 dated February 18, 2020 notified the format...

In this month’s Infrastructure and Energy Digest, we cover the Major Port Authorities Bill, 2019 which has been recently approved...

We are pleased to publish ELP’s Taxation update (for the period of February 25 – March 10, 2020). The tax...

Babu Sivaprakasam, Partner, Economic Laws Practice, shares his views with The Economic Times, on the new Reserve Bank of India...

In a recent landmark ruling in the case of JSW Energy Ltd. [TS-133-AAAR-2020-NT], AAAR held that ‘coal’ supplied by the...

For this week’s update, we take a look at the Supreme Court’s recent judgment in M/s Dharmaratnakara Rai Bahadur Arcot...

As far as licensing for SCOMET items involving repair, replacement and/ or demo items are concerned, the DGFT (SCOMET cell)...

For this week’s update, we take a look at the Delhi High Court (Court) case of Shapoorji Pallonji and Co....

The undue claims of preferential tariff treatment have posed a threat to domestic industry, which has also been highlighted by...

We are delighted to share ELP's Tax Update for the period January - February 10, 2020. Please read the update...

In this month’s Infrastructure and Energy Digest, we examine the provisions of the Mineral Law Ordinance and its potential impact,...

The Finance Minister in her Budget speech announced the introduction of a Direct Tax “Vivad se Vishwas Scheme” similar to...

Bhavin Gada. Partner, Economic Laws Practice, shares his views with Bloomberg Quint, on the budget 2020 announcement that grants 100%...

Darshan Upadhyay, Partner, Economic Laws Practice, shares his views with The Times of India, on the amendments to the Companies...

Rohit Jain, Partner, Economic Laws Practice, shares his views with Quartz India, on the budget 2020 announcement that proposed new...

Darshan Upadhyay, Partner, Economic Laws Practice, shares his views with YourStory, on the budget 2020 announcement that proposes tax relief...

The Hon’ble Finance Minister presented the Union Budget 2020 on February 1st. The attached booklet contains an analysis of key...

We welcome you to the latest edition of ELP Knowledge Series, a quarterly analysis of curated topics pertaining to critical...

We are pleased to share with you the latest edition of our Competition Law update, where we cover some of...

Ravisekhar Nair, Partner, Economic Laws Practice, shares his thoughts with The National UAE, on the requirement of self-regulatory measures by...

The Government of India has introduced various consumer-centric initiatives with businesses now increasingly being at the receiving end of consumer-centric...

While various industry sectors have come in the purview of anti-profiteering investigations, the real estate sector seems to be one...

The growth of the online hotel booking sector has drawn the spotlight on several new issues which focus primarily on...

This week, we analyze the decision of Supreme Court in the case of Central Organisation for Railway Electrification V. ECI-SPIC-SMO-MCML...

Based on the market study on e-commerce in India, the CCI has identified “bargaining power imbalance” and “information asymmetry” between...

On January 13, 2020 the Competition Commission of India (CCI) ordered an investigation against Amazon and Flipkart for its exclusive...

Rohit Jain shares his views with Zee business, on the tax audits that would be conducted by the Government, to...

Babu Sivaprakasam, Partner, Economic Laws Practice, shares his thoughts with Livemint, on the recent Insolvency and Bankruptcy Code (IBC) amendments...

In this month’s Infrastructure and Energy Digest, we examine the Union Cabinet’s recent decision approving the setting up of an...

This week, we take a look at a very significant decision of the Supreme (SC) in BGS SGS Soma JV...

This week we analyze a landmark case - Perkins Eastman Architects DPC & Anr. v. HSCC (India) Ltd. In the...

We are pleased to bring you ELP’s Mergers & Acquisitions Quarterly Update, which covers, amongst other topics, key regulatory amendments...

Ministry of Finance (Department of Revenue) has notified the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and...

This week, we analyze the decision of Supreme Court in the case of Union of India v. Pradeep Vinod Construction...

We are pleased to bring you ELP’s Private Equity & Venture Capital Quarterly Update, covering regulatory amendments that impact the...

In the last seven days, the Supreme Court of India has rendered two decisions which are possibly the inflection point...

Economic Laws Practice in association with Taxsutra, releases its second edition of the tax newsletter ‘Navigating GST 2.0’. This edition...

The hospitality industry is susceptible to claims on account of loss of goods of the guests. With this background, Megha...

Aakanksha Joshi, Partner, Economic Laws Practice, shares her thoughts with The Hindu Business Line, on the #investment slowdown in the...

The Supreme Court of India, recently decided on a contentious matter of a hotel guests' car being stolen from the...

We are pleased to bring you the Infrastructure and Energy Digest for the month of December 2019, covering decisions and...

In an effort to discourage forum shopping and avoid conflict between the proceedings of specific sectoral regulators and itself, the...

One of the fears that haunts business entities doing business in/with India is the rampant litigation and the amount of...

Further to the previously notified ‘Policy for indigenization of components and spares used in defence platforms for DPSUs/ OFBs’, the...

Businesses today are facing immense challenges and doubts with regards to taxation in India. These range from macro to practical...

The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (the “PoSH Act”) came into effect, six...

Rohit Jain, partner, Economic Laws Practice, shares his views with Economic Times, about the tax department looking to levy 18%...

Jignesh Ghelani (Partner), Sanchita Rungta (Senior Associate), and Rishi Raju (Associate), Economic Laws Practice, co-author an article in GSTsutra, highlighting...

Rohit Jain, partner, Economic Laws Practice, shares his views with The Economic Times, on the article that discusses the indirect...

A landmark judgement was passed by the Hon’ble Supreme Court on November 15, 2019, in the matter of Committee of...

This week, we take a look at a recent decision of the Bombay High Court (Court) in Imax Corporation v....

The effect of GST implementation is being felt on several other laws including the Customs Act, 1962. This article highlights...

We are pleased to bring to you the latest edition of the quarterly updates (Jul to Oct 2019) in the...

This week, we examine the decision of the Bombay High Court in Chetan R. Shah. v. Emkay Fincap Ltd., which...

A WTO Panel has issued its report in the dispute India – Export Related Measures (DS 541) on 31 October...

This week, we bring to you the decision of the Supreme Court in Oriental Insurance Co. Ltd. v. M/s Tejparas...

This month’s digest covers significant decisions of the Supreme Court as regards grant of solatium and interest on lands acquired...

With the view to promoting economic growth and to boost investment, the Government of India has introduced the Taxation Laws...

"This month’s digest covers significant decisions of the Supreme Court as regards grant of solatium and interest on lands acquired...

This week, we take a look at the Supreme Court’s judgment in M/s Canara Nidhi Limited v. M. Shashikala and...

We are pleased to share with you the latest edition of our Competition Law update, where we cover some of...

This week, we look at the judgment of the Supreme Court in State of Jharkhand v. M/s HSS Integrated SDN...

In lieu of the private sector’s participation to improve India’s defence production base, the Ministry of Defence (MoD) has introduced...

This week, we look at the judgment of the Supreme Court in M/s Mayavti Trading Private Limited v. Pradyaut Deb...

The month of August witnessed significant developments in the infrastructure & energy sectors. The Dam Safety Bill, passed in the...

On September 5, 2019 the Directorate General of Foreign Trade (DGFT) published a notification (please see attached) that has made...

We welcome you to the latest edition of the ELP Knowledge Series, a quarterly round-up of critical legal and regulatory...

Rohit Jain, Partner, Economic Laws Practice, shares his views with The Economic Times, on the Anti-profiteering Authority issuing notices to...

Sujjain Talwar, Aakanksha Joshi and Megha Agarwal co- author an article which examines the recent CCI ruling on OYO’s seemingly...

Read the detailed article here.

Naresh Thacker and Ria Dalwani co- author an article titled 'Enforcing a claim for liquidated damages in India: Key messages'...

Rohit Jain, Partner, Economic Laws Practice, shares his views with The Economic Times, on the retrospective tax issued to companies...

Babu Sivaprakasam shares his thoughts with Business Standard, on the Supreme Courts recent decision to uphold the status of home...

To address the need for regulating consumer interest and the requirement to reconcile the same with the global standards, the...

In an effort to match the central government directives to simplify business regulation in the country, the Competition Commission of...

This week, we analyze a recent judgment of the Supreme Court in Mahanagar Telephone Nigam Ltd. v. Canara Bank &...

ELP's Competition Law & Policy team, in collaboration with Vinson & Elkins, hosted a webinar on July 18, 2019 on...

The month of July witnessed significant developments in the infrastructure & energy sectors . The Union Budget provided a massive...

A recent incident involving an actor who was charged GST on a plate of fruit took social media by storm....

On August 2, 2019, the Department of Consumer Affairs set forth a proposal in relation to the protection of the...

With a view to boost labour reforms, the Code on Wage Bill 2019 was passed in Lok Sabha on July...

Para 2.79F has been inserted in the Handbook of Procedures (HBP) of the Foreign Trade Policy 2015-20 (FTP) for granting...

Aakanksha Joshi(Partner) and Megha Agarwal(Senior Associate), Economic Laws Practice, co-author an article in Hospitality Biz India on indemnities for owners...

Keeping pace with the evolution of private equity investments as a mainstream source of funding, there has been a commensurate...

This week, we take a look at a the judgment of the Supreme Court of India in M/s Sterlite Industries...

As knowledge partner to Venture Intelligence's India PE Quarterly Roundup publication, ELP authored an article on ' Minority protection against...

We are pleased to bring to you the latest edition of our Defence & Aerospace update, where we cover significant...

This week, we analyze a recent judgment of the Delhi High Court in ONGC Petro Additions Limited v. Tecnimont S.P.A....

ELP authors the India Chapter for the Chambers and Partners Litigation Guide 2019. Read the detailed article here.

Babu Sivaprakasam, Partner, Economic Laws Practice, has been quoted in LiveMint, on the Bhushan Power fraud which may have likely...

While the Union Budget 2019-20 proposes a slew of structural reforms to address the issues concerning the economy, the most...

We are pleased to share with you the latest edition of our Competition Law update, where we cover some of...

The Hon’ble Finance Minister Ms Nirmala Sitharaman announced the Union Budget 2019-20. The attached booklet contains an analysis of the key...

Bhavin Gada and Naresh Thacker author the India chapter in Lexology’s Getting The Deal Through - M&A Litigation, 2019 guide.

ELP was invited to author the India Chapter for GAR's publication - The Asia Pacific Arbitration Review 2020. Read the...