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...

India’s proposal to grant a foreign stakeholder a right to hold a controlling stake in an Indian entity engaged in...

Pharmaceutical sector in India, similar to several other jurisdictions, evokes competing interests i.e. the profit-maximizing interests of the industry and...

"This alert brings to you the decision of the Supreme Court in Ssangyong Engineering & Construction Co. Ltd. v. National...

'Economic Laws Practices' corporate team is pleased to present the latest edition of ‘ELP PE & VC Quarterly Update –...

Economic Laws Practice & Taxsutra Webinar presentation on Compliance under Legal Metrology – Issues and Challenges. Our Partners, Nishant Shah,...

Economic Laws Practice & Taxsutra webinar presentation on ‘Investigation under GST Law and Criminal Proceedings including the power to arrest’....

Karishma Maniar, Associate Director , Economic Laws Practice, shares her thoughts with The Economic Times on the marked increase in...

ELP’s White Collar Crimes & Anti-Corruption practice has proven expertise in the sphere of building watertight and robust compliance regimes,...

Naresh Thacker and Ria Dalwani author an article for American Bar Association on the elevation of arbitration as the preferred...

Post several representations being made by the industry and based on the recommendations of the GST Council, the Ministry of...

'Economic Laws Practices' corporate team is pleased to present the inaugural edition of ‘ELP M&A Quarterly Update – Volume 1...

Part I of of this article critically evaluates as to whether the provisions of the GST Act explicitly necessitate reversal...

As part of the Prime Minister's 100-days agenda, the Commerce Minister, Mr. Piyush Goyal, chaired a joint Meeting of Board...

On receipt of information from a member of the chemist trade association alleging contravention of Section 3 of the Competition...

This week, we bring to you the decision of the Delhi High Court in Dwarika Projects Ltd. v. Superintending Engineer,...

In this update we examine the recent judgment (attached)  passed by APTEL in the matter of Prism Cement Limited vs Madhya...

For this week’s dose of arbitration law, we bring you a significant development from the Bombay High Court (Bombay HC)....

When you enter a dark room, you dispel the darkness by a flip of a switch. A small reflex action-which...

This week, we analyze the decision of the Supreme Court in Sai Babu v. M/s Clariya Steels Pvt. Ltd, wherein the Supreme...

As an outcome of the WTO Ministerial Meeting of Developing Countries organized in New Delhi on the 13th and 14th...

Securities and Exchange Board of India (“SEBI”) vide notification no. SEBI/LAD-NRO/GN/2019/16 has issued the SEBI (Alternative Investment Funds) (Amendment) Regulations,...

In this week’s update, we analyse the decision of the High Court of Judicature at Bombay in the case of SAP...

This month’s infrastructure digest covers key decisions by the Madras High Court, Appellate Tribunal for Electricity (APTEL) in Maharashtra and...

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

Various amendments have been introduced in the list of SCOMET items (Appendix 3 to Schedule 2 of ITC(HS)), export of...

Karl Mayer, a German headquartered group focusing on manufacturing of textile machinery, entered into a joint venture with Rabatex Industries...

This week, we bring to you an analysis of the Supreme Court’s decision in Bharat Broadband Network Limited v. United...

This week, we analyze the decision of the Bombay High Court in Tech Mahindra Ltd. v. Tata Communications Transformation Services...

The jurisprudence on arbitration in India is changing with each passing day. In two decades since the Arbitration and Conciliation...

The Securities and Exchange Board of India (“SEBI”) vide circular no.SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018 introduced the use of Unified...

The Securities and Exchange Board of India (“SEBI”) vide notification no. SEBI/LAD-NRO/GN/2019/07 dated March 29, 2019 has issued the SEBI...

Volume 2 of our Competition Law update cover some of the recent significant developments in India’s competition law regime. Notably,...

In this update we analyze the decision of the Supreme Court in Garware Wall Ropes Ltd. v. Coastal Marine Constructions...

On April 10, 2019, the Delhi High Court handed down a significant judgement on the constitutionality of certain provisions of...

The past month has witnessed several initiatives by the Government of India to give a fillip to the energy and...

In this update we analyse the Supreme Court’s recent judgment in Union of India and Ors. v. Parmar Construction Company...

The Bombay High Court in Ajay Vinodchandra Shah v The State of Maharashtra & anr (Criminal Writ Petition No.258 of...

The #MeToo movement has compelled organizations to reconsider their HR practices to ensure the establishment of adequate safeguards for prevention...

In a recent landmark ruling, a WTO Dispute Settlement Body panel, for the first time, upheld the “national security” exception...

The issue of interpretation of exemption notifications has always been a bone of contention which has plagued a plethora of...

In a significant step towards ameliorating the Indian arbitration landscape, the Arbitration and Conciliation (Amendment) Act, 2015 (“Amendment Act”) was...

Tushar Ajinkya, Partner, Economic Laws Practice, shares his thoughts with The Economic Times on WhatsApp’s new privacy setting that will...

Babu Sivaprakasam, Partner, Economic Laws Practice shares his thoughts with The Hindu Business Line on the Supreme Court’s order which...

Babu Sivaprakasam, Partner, Economic Laws Practice shares his thoughts with The Economic Times on the Supreme Court’s judgement quashing the...

The draft ecommerce policy’s section on ‘data’ is interfering with the proposed Personal Data Protection (PDP) Bill 2018, officials at...

The World Trade Organisation (“WTO”) is the world’s largest, (and on many issues, the only) multilateral body for trade related...

On March 4, 2019, the Office of the United States Trade Representative (“USTR”) issued a Press Release conveying the intention of...

It is trite law that in an international commercial arbitration, when parties are unable to agree to the appointment of...

The GST Council had recommended the rate reduction in GST from 12 %  to  5%  and 8 %  to 1%...

Government of India recently released the draft ‘National E-commerce Policy’ on 23rd February 2019, with the stated objectives of regulating e-commerce...

The aim of this initiatives, typically, is to demonstrate 'skin in the game'. Neil Borate experts if this is indeed...

No stone has been left unturned to attack the Rafael purchase by the Opposition Party. This has been equally and...

In this week’s coverage of the latest developments in arbitration law, we take a look at the Bombay High Court’s...

Increasing reliance on conducting of forensic investigation coupled with legal health review, has helped various global private equity investors in...

Be it India’s biggest conglomerate or small family businesses, everyone is grappling with succession planning to ensure that the wealth...

This month has witnessed a lot of positive traction for the energy sector. The Ministry of Commerce announced the Draft...

Given is the analysis  of the decision of the Delhi High Court (“Court”) in Cinevistaas Ltd. v. Prasar Bharti. In this...

This week, we take a look at the Supreme Court’s recent judgment in MMTC Ltd. V/s M/s Vedanta Ltd. where the Appellant...

The Hon’ble Supreme Court of India vide its recent decision in the matter of The Regional Provident Fund Commissioner (II) West...

Rohit Jain, Partner at Economic Laws Practice in conversation with BTVI (Business India Television) on GST Council’s approval of lowering...

In the skies above Bangalore, India over the past few days, the country has had its fighter jets and helicopters...

The GST Council on Sunday gave the much-needed boost to affordable housing segment as it slashed GST rate on under-construction...

The Standing Committee on Finance’s 21st Report on the Companies Bill, 2009, recommended the need for an independent body to...

Dear Reader The Department for Promotion of Industry and Internal Trade released the draft ‘National E-commerce Policy’ on Saturday, 23rdFebruary...

Introduction 1. The Supreme Court of India considered the issue whether the written statement can be filed by a Defendant...

The Ministry of Corporate Affairs has introduced a new norm to identify active companies and thus only those companies which...

Given its direct impact on availability of capital, taxation of start-ups on account of issuance of shares at a premium...

1. CIRCULARS No. 89/08/2019-GST dated February 18, 2019 - It has been brought to the notice of the Board that...

This week, we take a look at the Supreme Court’s recent judgment in Jaiprakash Associates Ltd. (JAL) v. Tehri Hydro Development Corporation India...

This iteration of ‘India Update – Part 1 of 2019’ examines the emerging landscape with respect to arbitrations in India...

In, what is one of the most significant drive of GST Council to issue clarifications addressing ambiguities and showering rate...

With a view to encourage industrialization, especially in the lesser developed areas within India’s States, various state governments have introduced...

In keeping with the Hon’ble Finance Minister’s interim budget speech, a Task Force was constituted by the Ministry of Defence...

On 31 December 2018, the Securities and Exchange Board of India (“SEBI”) issued an amendment to the SEBI (Prohibition of Insider Trading)...

Recently, the Reserve Bank of India (“RBI”), through the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, consolidated all the...

This Paper briefly explains the Defence & Aerospace opportunity with an analysis of the market size, defence budget and procurement...

India - US Growing Relationship In 2016, the US recognised India as a “Major Defence Partner”, a designation that allows...

India - Israel Growing Relationship Over the last 5 years, Israel has emerged as India’s largest source of supply for...

The concept of offset, as understood in the defence sector, primarily aims to benefit a buyer over and above the...

Three former independent directors of one of fugitive jeweller Nirav Modi’s firms won a temporary reprieve from the Supreme Court,...

In light of various developments in the realm of corporate governance across the globe and in continuation of its role...

Economic Laws Practice (ELP) has appointed Ashutosh Gupta as a partner of the strategy and planning practice and Karishma Maniar as...

Private equity firm Neev Fund, which is backed by State Bank of India and UK’s Department for International Development, has...

CHENNAI: At the time of Good and Services Tax (GST) implementation last year,  the provision of input tax credit and...

Five years on, that CCI verdict has lost most of its sting after being tossed back and forth between various...

It is not the direct impact of tariffs of steel and aluminium that are a major concern to India's economy...

Mumbai: Lenders to Vijay Mallya seem uncertain about the fate of their dues after the beleaguered liquor baron was declared...

MUMBAI: Marriott International, the world’s largest lodging company, is considering buying a significant minority stake in Chandru L Raheja’s hotels...

In a blow to the Ruias and their hope to retain crown jewel Essar Steel, the National Company Law Tribunal...

In a magical move, the Indian government has both outlawed private label sales by e-commerce platforms and said private label...

On August 8, 2018, the Competition Commission of India (CCI) cleared the acquisition of Flipkart by Walmart. The government touted...

Mumbai: Indian law firms are developing newer practice areas—from forensic to artificial intelligence (AI) and from blockchain to defence advisory—to keep...

Mumbai: Every leader brings in a unique management style that is a mix of his personality and work experience. Ajay...

With an aim to simplify the defence procurement process for foreign and domestic OEMs, The Indian Ministry of Defence (“MoD”)...

Oil sanctions imposed by the U.S. on Venezuela earlier this week could prove to be an energy windfall for India...

Usually, a vote on account is a non-event in the cycle of India’s annual media event surrounding the budget. However,...

We are pleased to bring to you a quarterly update on Defence & Aerospace sector. We hope you will find...

Dear Reader, The Hon’ble Interim Finance Minister Mr. Piyush Goyal announced the Interim Union Budget 2019 today. The attached booklet...

January 2019 has seen a lot of positive momentum from central & state governments and regulators in the energy sector....

Recently, the Participating States of the Wassenaar Arrangement (“WA”) have decided to update the List of Advisory Questions for the...

The Ministry of Civil Aviation (“MCA”) had previously constituted a task force to make recommendations to tackle the challenges that...

This week’s update deals with a recent decision of the Delhi High Court (“HC”), Republic of India through Ministry of Defence Vs...

A confusion galore has been created by recent pronouncements of the advance ruling authorities and subsequently by the corresponding appellate authorities,...

Harsh Shah, Partner, Economic Laws Practice, in an interview with Zee Business comments on the various assumptions made about the...

Anay Banhatti, Partner, Economic Laws Practice in an interview with Zee Business explains the GST exemption for small enterprise Goods...

In our constant efforts to provide useful updates from India to our readers in the most readable and interesting presentation,...

Dear All, This week, we discuss the Supreme Court’s recent judgment in The Government of Haryana PWD Haryana (B and...

Dear Reader, At the outset wishing you a very happy, healthy and joyful 2019. Please find attached ELP’s monthly roundup...

Maharana Infrastructure and Professional Services Ltd. v. Matrix Partners India Investment Holdings LLC 1 (Bombay High Court, January 3, 2019)...

On August 8, 2018, the Competition Commission of India (CCI) cleared the acquisition of Flipkart by Walmart. The government touted...

The government's move to tighten norms for online marketplaces with foreign investment will close the "back door" that has been...

The government’s move to ghten norms for online marketplaces with foreign investment will close the “back door” that has been...

The government’s move to tighten norms for online marketplaces with foreign investment will close the “back door” that has been...

Bengaluru: India’s largest online marketplace Flipkart has requested New Delhi that a broad, market-driven framework for the ecommerce industry be...

The revised Foreign Direct Investment (FDI) policy on e-commerce would ensure balanced growth of the online industry with gains for...

New Delhi: The government's move to tighten norms for online marketplaces with foreign investment will close the "back door" that...

As e-commerce companies evaluate the implications of the new policy on FDI in e-commerce, legal experts said there are a few steps that...

As e-commerce companies evaluate the implications of the new policy on FDI in e-commerce, legal experts said there are a...

Join our special webinar on ‘Litigation trend in GST Part-2’, by Mr. Rohit Jain, Mr. Gopal Mundhra and Mr. Jitendra...

Online Sales of Medicines: Madras High Court Petition By the judgment (dated 17.12.2018) in the matter captioned The Tamil Nadu...

Dear Patron, We “Taxand – Your global tax partner” in association with our partners from various jurisdiction will be hosting...

The Department of Industrial Policy and Promotion (DIPP) has issued Press Note 2 on 26 December 2018 which shall come...

SUPREME COURT REITERIATES THAT HIGH COURTS POSSESS THE INHERENT JURISDICTION TO RECALL THEIR OWN ORDERS Municipal Corporation of Greater Mumbai...

SUPREME COURT DENOUNCES EXCESSIVE FORMALISM WHILE ENFORCING ARBITRAL AWARDS Introduction The Supreme Court in a recent decision, P.E.C. Limited v....

Dear Reader, The Division Bench of the Hon’ble High Court of Delhi, comprising of Hon’ble Mr. Justice S. Ravindra Bhat...

The Supreme Court of India, in a significant judgement (Competition Commission of India vs. Bharti Airtel Limited & Ors.), has,...

Dear Reader With payable loans to the tune of USD 78 billion, about 66 GW of conventional energy in India...

Enforcement of RPO targets, despite availability of RECs, is poor. The government has launched RPO Compliance Cell, which will coordinate...

1. Advance Authority Ruling M/s Premier Vigilance & Security Pvt. Ltd. [2018-TIOL-243-AAR-GST] The Applicant is a provider of security services...

BOMBAY HC: DISPUTE RESOLUTION CLAUSE WHICH PROVIDES PARTIES WITH THE CHOICE TO OPT FOR ARBITRATION OR COURT LITIGATION IS NOT...

The expert committee set-up under the chairmanship of Justice B. N. Srikrishna for formulation of data protection regime in India,...

On 22nd November 2018, the World Trade Organization (“WTO”) issued its 20th Monitoring Report (Mid-May 2018 to Mid-October 2018) on...

Dear Patrons, It’s been one year since the introduction of GST in India. In view of magnitude of changes brought...

M/s Larsen and Toubro Limited Scomi Engineering BHD v. Mumbai Metropolitan Region Development Authority (Supreme Court, 3 October 2018) Introduction...

Economic Laws Practice in association with our Taxand partners from various jurisdictions, will be hosting a series of webinars every...

We welcome you to the latest edition of ELPs update on ‘Data Privacy & Protection in India’. In this document,...

The Government of India (GoI) has been steadily creating an enabling ecosystem of policies and regulations to give the much-needed...

1. ADVANCE RULING Sanghvi Movers Limited [2018-TIOL-230-AAR-GST] The Applicant is engaged in the business of providing medium-sized heavy-duty cranes on...

The October issue of ELP’s Infrastructure and Energy digest has some important decisions by the Supreme Court, CERC, the Bombay...

Summary India's status as a program-beneficiary under the United States’ Generalized System of Preference ("GSP") has been drastically curtailed.Several benefits...

Vedanta Ltd. v. Shenzen Shandong Nuclear Power Construction Co. Ltd. 1 (October 11, 2018) INTRODUCTION In an international commercial arbitration...

1. ADVANCE RULING Takko Holding GmbH [TS-581-AAR-2018-NT] The Applicant is an extended arm of German legal entity viz. Takko Holding...

1. NOTIFICATIONS Notification No. 54/2018-Central Tax and Notification No. 53/2018-Central Tax both dated October 9, 2018 (Amendment to CGST Rules)...

The Supreme Court has asked the country’s technical advisory body on drugs to decide on the fate of more than...

The inaugural ‘2+2 dialogue’ between India and the United States later this week aimed at strengthening defence ties is likely...

Deal reporting of Samara Capital Partners Fund II and Samara Alternate Investment Fund for Acquisition of Spoton Logistics Private Limited...

On June 6, the Insolvency and Bankruptcy Code, 2016 (IBC) was amended through the Insolvency and Bankruptcy Code (Amendment) Ordinance,...

Economic Laws Practices announces two significant appointments to its business practices. Ashutosh Gupta (Partner - Strategy and Planning) With nearly...

Ahmedabad based startup ‘FoodMemories’, a marketplace for authentic geographically unique Indian foods, has secured seed investment from a consortium of...

Ahmedabad-based FoodMemories, a marketplace for authentic geographically unique Indian foods has raised seed funding led by e-commerce focused logistics provider...

Protests over rising fuel prices have made a few state governments announce tax cuts, though the Centre has stayed adamant...

With the introduction of Goods and Services Tax (GST) regime in India, the industry and trade has been befuddled as...

Construation major DSC Ltd (DS Construction Ltd), which bagged several road and railway projects including the Delhi-Gurgaon Expressway, obtained a...

While the drop in wind power tariff to Rs2.64 per unit, at an auction conducted by Solar Energy Corp. of...

The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...

In a push for greater ease of doing business in the country, the Central Drugs Standard Control Organisation (CDSCO) has...

The Securities and Exchange Board of India (Sebi) is training its guns at the promoters of companies that have been...

MUMBAI : JSW SteelNSE -0.88 %, the country’s most profitable major steel producer, plans to raise $1.5 billion, or about...

Trade ministers from around the world attended the once-in-two years World Trade Organization (WTO) ministerial in Argentina earlier this month....

In this week’s update, we analyse a recent judgment of the Hon’ble Bombay High Court in the case of Transocean...

We are pleased to bring to you a quarterly update on Defence & Aerospace sector. We hope you will find...

This week, we have analyzed the Supreme Court’s decision in P.Radha Bai and Ors. v. P. Ashok Kumar and Anr....

The third quarter of 2018 (July – September) witnessed significant developments in the Indian competition law and regulatory space. With...

The September issue of ELP’s Infrastructure and Energy digest addresses key issues in with respect to certain changes in cabotage...

SC Rules: When a dispute resolution clause provides that disputes may be resolved either by arbitration or by the court,...

Understanding India’s offset policy India, the world’s largest importer of arms, would like to be self-sufficient in defence production. But...

Filco Trade Centre Pvt. Ltd. Vs Union of India The Hon’ble Gujarat High Court in its judgment and order in...

With GST laws being enforce for over a year and teething technical issues having been resolved to a large extent;...

Notifications Notification No. 40/2018-Central Tax dated September 04, 2018 (Extension of due date) The notification extends the time limit for...

SC conducts Factual Enquiry in an Application under Section 11 of the Arbitration and Conciliation Act, 1996 United India Assurance...

Notifications Notification No. 51/2018-Central Tax dated September 13, 2018 (Date of applicability of TCS) - Notifies October 1, 2018 as...

M.E. Infraprojects Pvt. Ltd. & Anr. v. Municipal Corporation of Greater Mumbai & Ors. (Bombay High Court, September 3, 2018)...

Several prominent schemes of India’s Foreign Trade Policy (“FTP”) are under challenge by the United States at the World Trade...

Over the last quarter, there have been a spate of regulatory and legal developments that have significant implications for domestic...

This week we take a look at the Supreme Court’s (“SC”) judgment in K. Kishan v. M/s Vijay Nirman Company Pvt. Ltd. (Order dated...

The Director General of Civil Aviation (“DGCA”), after long debated Industry deliberations, has finally announced its Policy for remotely piloted...

The Delhi High Court today stayed Central Government’s decision to ban the sale and manufacture of oxytocin, a peptide hormone, by...

The law of arbitration in India has been evolving to complement the needs of India’s globalising economy. India’s intent to...

On 6th June 2018, the Insolvency and Bankruptcy Code, 2016 (“IBC”) was amended vide the Insolvency and Bankruptcy Code (Amendment)...

Anthony Gonsalves booked a stay at a hotel online and provided his credit card details to make the payment. For...

DGFT vide Trade Notice No. 17/2016 dated 22.09.16 has clarified the eligibility of refund of Terminal Excise Duty (TED) paid...

GST is considered to be India’s most ambitious tax reform and the Government of the say has made much progress...

The State Government in Maharashtra has been implementing slum rehabilitation schemes for over decade with a presented view of providing...

The two-day meeting (held on 03rd and 04th of November) of the Goods and Services Tax Council (GSTC) was able to build...

All steps in last six months, taken towards embracing GST, an example of “cooperative federalism” at work, appear to stand...

Section 19 (Chapter 5) of The Model Goods and Service Tax Law provides for registration of every taxpayer within 30...

The Securities and Exchange Board of India (Sebi) is doing a preliminary examination of the arrangement between Tata Sons and...

The infrastructure sector has long established itself as a key growth driver for India’s economy. The sector was allocated over...

The Finance Minister recently indicated that while GST is aimed to be implemented from April 1, 2017, the roll out would have...

One of the most laborious and essential business in our country is agriculture. There are more than just a few...