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..

The Government of India has recently taken a series of steps with respect to the mandatory BIS certification of several...

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...

The dispute between the Tata Group and Japan's NTT DoCoMo over the latter's exit from Tata Teleservices has taken yet...

The Karnataka high court on Friday ordered the winding up of Vijay Mallya’s Kingfisher Airlines Ltd (KFA), in a case...

The January – March 2018 quarter has seen some important events and developments in the Indian competition law space. During...

The October – December 2017 quarter has seen some interesting developments in the Indian Competition Law and regulatory space. ELP’s...

The Companies (Amendment) Act, 2017, (“Amendment Act”) has received the President’s assent on 3 January 2018, after receiving the Rajya...

The levy of Goods and Services Tax (‘GST’) is on supplies of goods or services or both. Intra-state supplies are...

The GST laws set-up the National Anti-profiteering Authority (‘NAA’) basically as a deterrent to ensure that any benefit of reduction...

The Insolvency and Bankruptcy Board of India (“IBBI”) has released a circular dated 29 June 2018 (available here) listing orders...

The April – June 2018 quarter has seen some important events and developments in the Indian competition law space. During...

Notifications Notification No. 15E/2018 - State Tax dated June 29, 2018 Maharashtra government amends the e-way bill rules with effect...

The Securities and Exchange Board of India (SEBI) has, in consultation with the Reserve Bank of India, vide circular number HO/IMD/DF1/CIR/P/2018/103/2018 dated...

The Securities and Exchange Board of India (“SEBI”) has, vide the SEBI (Alternative Investment Funds) (Amendment) Regulations, 2018 (available here)...

Further to the promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 on 6 June 2018 (“2018 Ordinance”), the...

Further to various changes being introduced by the Government to reform the debt recovery and bankruptcy framework, the Reserve Bank...

CBIC Advisory No. 275/15/2018-CX.8A dated July 4, 2018 CBIC has highlighted that instances have come to the notice of the...

The Insolvency and Bankruptcy Board of India (“IBBI”) has clarified on the nature of services that can be provided by...

Notifications Notification No. 29/2018 – Central Tax, F. No.349/58/2017-GST (Pt.) dated July 6, 2018 The anti-profiteering related rules of the...

The National Company Law Tribunal, Kolkata Bench (“NCLT”), in the case of Sreerampur Ispat Private Limited vs Bajoria Steel &...

The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016...

The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Professionals) Regulations, 2016 (“IP Regulations”) vide the...

The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Liquidation Process) Regulations, 2016 (“Liquidation Regulations”) vide the...

Update on the Bombay High Court’s ruling in Ecopack India Paper Cup Pvt. Ltd. v. Sphere International wherein a Division...

We attach herewith a regulatory update on the recommendations of the Committee on Corporate Governance chaired by Mr. Uday Kotak...

The Report of the Insolvency Law Committee, dated March 26, 2018, has been released by the Ministry of Corporate Affairs....

In a case dealing with the liability of independent directors for frauds and siphoning alleged to be committed by a...

The Special 301 Report is prepared annually by the Office of the United States Trade Representative (USTR) under Section 301 of the Trade Act of...

The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016,...

The Insolvency and Bankruptcy Board of India (“IBBI”) has issued three (3) circulars on the following obligations being imposed on...

SEBI’s press release PR No: 68/2017 dated December 28, 2017 (available here) sets out certain decisions taken in its Board...

The Union Cabinet has liberalised the foreign direct investment (FDI) policy (press release available here). Some of the key amendments...

We had earlier examined the Supreme Court’s decision in Sri Chittaranjan Maity v. Union Of India (“Maity”). The SC held...

The National Company Law Appellate Tribunal (“NCLAT”), in the matter of Ameya Laboratories Limited v/s Kotak Mahindra Bank Ltd. & Ors.,...

In an important clarificatory circular (available here) issued by the Insolvency and Bankruptcy Board of India (“IBBI”), dated 16 January...

In a strictly worded circular (available here) issued by the Insolvency and Bankruptcy Board of India (“IBBI”), issued on 16...

This week we analyse the decision of the Supreme Court in the case of Inox Wind Ltd. v. Thermocables Ltd....

In this week’s update, we take a look at the judgment of the Delhi High Court (“Court”) in Parasramka Holdings...

The Insolvency and Bankruptcy Code (Amendment) Act, 2018, (available here) has received the President’s assent on 18 January 2018, and...

In an interim order passed by the Apex Court on 25 January 2018, in the matter of Shivam Water Treaters...

This week, we analyze the Supreme Court’s recent verdict in Indian Farmers Fertilizer Co-operative Limited v. Bhadra Products. The issue...

In a writ petition filed in the Calcutta High Court in the matter of Akshay Jhunjhunwala & Anr. Vs. Union of...

The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process...

This week, we have analyzed the Supreme Court’s recent ruling in Kandla Export Corporation & Anr. v. OCI Corporation &...

RBI has introduced important changes to the framework for resolution of stressed assets. In relation to the same, please find...

This week, we have analyzed the Supreme Court’s recent ruling in M/s ONGC Mangalore Petrochemicals Ltd. v. M/s ANS Constructions...

The 11th Ministerial Conference of the World Trade Organization (‘WTO’) concluded on December 13, 2017 without achieving any substantive results....

This week, we have analyzed the Supreme Court’s decision in Sundaram Finance Limited v. Abdul Samad and provided a snapshot...

The Insolvency and Bankruptcy Board of India (“IBBI”) has reiterated the confidentiality obligations of the insolvency professionals vide its circular...

Pursuant to the discussions in the SEBI board meeting held on December 28, 2017 (“SEBI Board Meeting”), SEBI issued: (i)...

The highlight of the week just ended with the postponement of the meeting of the GST Council (GSTC) from November...

The fifth meeting of the GST Council (“GSTC”) is underway, however, as per the inputs at the end of the first day...

Starting today, a major indirect tax change could make e-services more expensive for individuals in India. The government will charge...

Recent news-reports indicate that even under the GST regime the Government is considering the option for centralised registration for certain...

Position under Service tax law Imposition of Service tax on reverse charge basis was first introduced in the year 2002....

The Goods and Services Tax Council (Council) met on 3rd and 4th January, 2017. Though some progress has been made at the meeting, various...

On the sidelines of Vibrant Gujarat Global Summit, Finance Minister Arun Jaitley has reiterated the intent to roll out GST...

The GTR Asia India Trade and Treasury Conference, 2017 was organized on February 22, 2017, at Taj Lands End, Mumbai....

India’s CFO’s forum session of BW Businessworld’s post Budget 2017 panel discussion was held at Trident, BKC, Mumbai. There is...

Recently, India announced that its Union Cabinet had approved signing of a new Bilateral Investment Treaty [BIT] with Cambodia, another...

With the introduction of Goods and Services Tax (GST), it will be a game-changer for the logistics industry. Currently, all...

Prior to 1st June, 2016, both, transportation of goods by vessels from outside India to India (‘the import leg’) and...

Works contracts and real estate sector have always been characterised by unsettled Indirect tax positions and complexities. Adoption of different...

India’s property market has long been troubled by unscrupulous developers and weak regulations. So it is no wonder that a...

How can we mitigate supply chain disruptions in the fast paced world? One must carefully understand its vulnerabilities and plan...

In a 2012 interview published in Harvard Business Review, Gautam Mukunda, assistant professor in the Organisational Behaviour Unit of Harvard...

India is increasingly focusing on developing energy ties with surrounding countries, which is set to help to boost business opportunities...

The goods and services tax (GST) will prove to be a big plus for pharma exporters. Companies that are importing...

ED set to move court to get confiscation order; won't be so simple, say banks Banks and the Enforcement Directorate...

The real estate sector has historically been prone to litigation on several aspects, including but not limited to its taxability...

The Reserve Bank of India's latest provisioning diktat may force banks to opt for deeper haircuts or sell loans to...

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

Ahead of the Goods and Services Tax (GST) implementation on July 1, small and medium traders have said they are...

India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...

India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...

India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...

India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...

India’s greatest tax reform - replacing an array of provincial duties with a nationwide goods and services tax - is...

The government has notified the goods and services tax rate for construction of real estate at 18% as against 12%...

How will GST impact the residential capital and rental markets in India? The effective rate of GST on sale of...

The roll-out of India's new goods and services tax (GST) is the latest bold economic change in a period of...

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

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

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

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

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

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

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

Despite a lower tax rate under goods and services tax (GST), outbound international travellers may have to shell out more...

Manjula Shelar, a housewife from a small farming village in the Thane district of the state of Maharashtra in India,...

On June 13, the Reserve Bank of India directed banks to refer 12 large stressed accounts for resolution under the...

Originally intended for providing a roof over the head of every urban poor, the subsidy scheme under Pradhan Mantri Awas...

In a precedent-setting move, small shareholders are pushing for a board seat in the country’s oldest pharmaceutical company — the...

Energy firms in India are increasingly diversifying to generate revenues from renewables in a effort to keep pace with the...

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

Despite a raft of changes to India's new goods and services tax (GST), economists and businesses say further amendments to...

Despite a raft of changes to India's new goods and services tax (GST), economists and businesses say further amendments to...

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

The Supreme Court on Wednesday said the central government need not consult the statutory board on drugs before banning any...

Some of the promoters of companies facing insolvency proceedings may legally test the new ordinance on bankruptcy code, which has...

Promoters of at least four small companies managed to pass their resolution plans before New Delhi tweaked the bankruptcy code,...

Stung by the latest amendments to the Insolvency and Bankruptcy Code (IBC), promoters will increasingly look to settle small disputes...

The National Company Law Tribunal, Bench at Hyderabad in the matter of K. Sashidhar versus Kamineni Steel & Power India...

The three Draft GST Bills i.e. draft Central Goods and Service Tax Bill (‘CGST Bill’), the Integrated Goods and Service...

The CBDT had amended Form 3CD i.e. the Tax Audit Report w.e.f. August 20 to include disclosures on expenses related...

On behalf of ELP I am delighted to present our analysis of the Union Budget 2018-19, delivered by the Honourable...

The rapid and unprecedented changes witnessed by hospitality industry over last few years have helped shape this sector in its...

Private ownership of public assets is a sensitive issue for most governments. However, particularly in the context of developing countries,...

India’s jump from Rank 130 to Rank 100 in ease of doing business can be largely attributed to various legal...

In furtherance of the new economic policy, the Arbitration & Conciliation Act, 1996 (the “Act”) was first promulgated about 20...

We are delighted to bring you ELP's guide to “Hospitality – Indian Legal Issues” which highlights the important Indian legal...

The need for Infrastructure in India is essential on all three fronts: social, economic and political. In the first of...

The First Quarter of 2017 saw several announcements, policy statements and regulatory actions affecting the Pharma & Life Sciences Industry....

Data surrounds us and is generated in virtually everything we do. One type is data that we may voluntarily share,...

The Government has been looking to take adequate action to improve the “ease of doing business ranking”, in addition to...

The Companies (Amendment) Act, 2017, (“Amendment Act”) has received the President’s assent on 3 January 2018, after receiving the Rajya...

Settling trade disputes in a timely manner is important. It mitigates the negative effects of unresolved international trade conflicts. For...

NEW DELHI: The Supreme Court has asked the country’s technical advisory body on drugs to decide on the fate of...

MUMBAI: Canadian asset manager Brookfield  and the  Mahindra group have jointly bid for 2,200 megawatts of power assets belonging to Jaypee Power...

The Indian pharma industry has, over the course of the last few years, met with substantial headwind impeding its growth...

Khaitan & Co bested Economic Laws Practice (ELP) and won the ELP Masters Cup Cricket Tournament on 7 January after three days of...

Khaitan & Co lifted the ELP Masters Cricket Cup trophy for the second time after defeating hosts and defending champions Economic...

Here is how home prices in various segments of the property market will be affected by the GST According to...

In 2012, Swedish furniture major IKEA started doing research in India going from one household to another in different cities...

In 2012, Swedish furniture major IKEA started doing research in India going from one household to another in different cities...

In 2012, Swedish furniture major IKEA started doing research in India going from one household to another in different cities...

Assisted the Government of India As a member of the Expert Committee formed by Ministry of Finance for Rationalization of...

In the third Budget of the NDA, the Government has walked a tightrope by seeking to balance populist measures with...

With the success rate of bad debts recovery under the Insolvency Bankruptcy Code (IBC) at a low level, the government...

India’s jump from Rank 130 to Rank 100 in ease of doing business can be largely attributed to various legal...

While the budget 2018 is the fourth consecutive budget of the current government and the Honorable Finance Minister. It is...

The Government has amended the Prevention of Corruption Act, 1988 (‘PC Act’) by enacting the Prevention of Corruption (Amendment) Act,...

There were no major direct announcements related to realty sector, in the Union Budget 2018-19. However, there is an expectation...

A day after the Centre deferred February 1 rollout of the e-way bill in the wake of ‘technological glitches’ that...

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

While Aviom India Housing Finance and Food Memories have raised funds, online eyewear firm Lenskart is investing $4 million more in...

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

This week 27 Indian startups raised about $215 Mn in funding altogether and four startup acquisitions took place in the...

Not only has the sector welcomed a dedicated Affordable Housing Fund in the Union Budget 2018-19, but also the impetus...

Section 171 of the Central Goods and Services Tax Act, 2017 (“CGST Act”) mandates that any reduction in rate of...

SBI Capital Neev Fund invests in SunSource Energy a leading provider of end-to-end solar project development and EPC services in...

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

India’s largest public sector lender State Bank of India (SBI) has invested an undisclosed amount from its Neev Fund in...

Bid tests insolvency proceedings before NCLT; case could be taken to apex court MUMBAI, MARCH 19 UltraTech Cement on Monday...

“Larsen & Toubro, India’s largest engineering and construction company, will sell its electrical and automation business to European multinational Schneider...

Economic Laws Practice has appointed Khaitan & Co, Director – Business Strategy & Business Development Ashutosh Gupta as Director –...

Securities and Exchange Board of India (“SEBI”) vide notification no. SEBI/LAD-NRO/GN/2018/10 dated May 9, 2018 has issued the SEBI (Listing...

In a recent judgment (Modi-Mundipharma Pvt. Ltd. v. Uoi & Ors.; W.P. (C) 11802/2016), the Delhi High Court has recognised...

By a Notification dated 27.04.2018 bearing no. G.S.R No. 411 (E) dated 27.04.2018, the Central Government, in exercise of powers...

Further to notification of the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018, dated 3 July 2018...

Background: In its order dated 12 July 2017, the Competition Commission of India (“CCI”) penalized the Federation of Gujarat State...

The National Company Law Appellate Tribunal (“NCLAT”) has in the matter of Arun Kumar Jagatramka vs Gujarat NRE Coke Ltd.,...

Notifications Notification No. 14/2018–C.T./GST – State Tax, dated July 12, 2018 The Government of West Bengal has partially modified Notification...

Circulars Circular 21/2018-Customs dated July 18, 2018 CBIC has set up ‘Help Desks’ for a period of 2 weeks till...

28th GST Council Meeting Rate Changes proposed There are various rate changes/exemptions for goods as well as services which have...

The National Company Law Appellate Tribunal (“NCLAT”) in the matter of State Bank of India vs. Ram Dev International Limited,...

Notifications Rate Changes / Exemptions Notifications issued giving effect to various rate changes / exemptions with respect of goods as...

A note examining the recent developments pertaining to anti-profiteering provisions under India's GST framework.

Background: In its very first final judgment issued on July 25, 2018, the National Company Law Appellate Tribunal (NCLAT) upheld...

Vide an amendment carried out to the Securities Contracts (Regulation) Rules, 1957 (“SCRR”) by the Securities Contracts (Regulation) (Amendment) Rules,...

In a landmark ruling, the Hon’ble High Court of Hyderabad (“High Court”) has held that the Income-tax Department (“Department”) does...

1.  Notifications Notification 30/2018 – Central Tax  dated July 30, 2018 The above Notification seeks to extend the due date...

Under a circular issued by RBI on June 7, 2018 titled ‘Reporting in a Single Master Form’ (available here) (“Circular”),...

Given the rapidly evolving nature of business transactions in India and across the globe, a need was felt to update...

1. NOTIFICATIONS Notification No. 31/2018-Central Tax dated August 6, 2018 The above Notification seeks to prescribe a special procedure for...

The recent amendments to the Prevention of Corruption Act, 1988 (‘PC Act’) made vide the Prevention of Corruption (Amendment) Act,...

The National Company Law Appellate Tribunal (“NCLAT”) in the matter of Shah Brothers Ispat Private Limited vs. P. Mohanraj &...

This week, we have analysed two significant judgments from the Supreme Court (“SC”) and Delhi High Court (“Delhi HC”) under...

Recently, the Delhi ITAT in the case of M/s GoDaddy.com LLC vs ACIT has upheld that the receipts earned from...

This week, we take a look at the Bombay High Court’s (“HC”) judgment in in the case of Suman Baburao...

This week, we examine the decision of the Supreme Court in M.P. Power Generation Co. Ltd & Anr. v. Ansaldo...

Last week, the Competition Commission of India (“CCI”) in a telling order resorted to the leniency provisions while reducing penalties...

The Insolvency and Bankruptcy Board of India (“IBBI”) has issued a circular dated April 23, 2018 (“Circular”) (available here) to...

This week we have analyzed the decision of the Supreme Court in Cheran Properties Limited v. Kasturi and Sons Limited,...

On 17 April 2018, the Supreme Court of India (“Supreme Court”) handed down a decision according strict interpretation to the...

The Central Government has notified the provisions (notification available here) in relation to financial service providers under the Insolvency and...

This week we have analyzed the decision of the Delhi High Court in Ok Play Auto Pvt. Ltd. v. Indian...

ADVANCE RULING AUTHORITY Giriraj Renewables Private Limited (Maharashtra) [TS-155-AAR-2018-NT] Engineering, Procurement and Construction contract (Turnkey / EPC) for setting up...

E-WAY BILL Notification No. 15D/2018-State Tax dated May 7, 2018 The Commissioner of State Tax, Maharashtra has notified E-way bill...

ADVANCE RULING AUTHORITY M/s Shreenath Polyplast Private Limited (Gujarat) [GUJ/GAAR/R/2018/3] - Interest received by the Applicant (Del Credere Agent) is...

In view of various cases being dealt by the National Company Law Tribunals (“NCLT”) across various jurisdictions to allow exclusion...

NOTIFICATIONS -  File No. MGST-1018/C.R.38/ (Maharashtra) May 10, 2018 The Government of Maharashtra vide the above Notification has constituted the...

In what is sure to be a judgment of far reaching consequences, the Supreme Court, in the case of Ameet...

Recently, the Hon’ble Supreme Court (‘SC’) in the case of M/s Mahindra and Mahindra Ltd has ruled regarding the taxability...

NOTIFICATIONS Notification No. 3/2018-State Tax (Kerala) dated May 14, 2018 Exemption from preparation of E-way Bill on Intra-state supplies in...

Recently, the Income Tax Appellate Tribunal, Bangalore in the case of Flipkart India Private Limited vs. ACIT, has held that...

In this week’s update, we examine the decision of the Hon’ble Delhi High Court concerning two treaty arbitration invoked against...

ADVANCE RULINGS VPSSR Facilities (Delhi) [2018-TIOL-32-AAR-GST] Cleaning service provided to Railways does not qualify as a service in relation to...

ADVANCE RULING Rashmi Hospitality Services Pvt. Ltd. [2018-VIL-35-AAR] Service in relation to supply of food by caterers in factory canteens...

The world over, privacy concerns seem to dominate the mainstream discourse. Recent events of mass scale privacy breaches like the...

This week, we have analyzed the Supreme Court’s ruling in Kalawati v. Rakesh Kumar[1]. In Kalawati, the Court examined the...

In an important ruling in the matter of ANG Industries Limited v/s Shah Brothers Ispat Private Limited & Ashok Leyland...

ADVANCE RULING 1.  Giriraj Renewables Pvt. Ltd. (Karnataka) [2018-VIL-36-AAR] EPC contract for setting up of solar power plant, wherein supply...

A. Background 1. What is a system driven disclosure?: SEBI vide a circular dated December 1, 2015 (“Original SEBI Circular”)...

Advance Ruling GKB Lens Pvt. Ltd. (West Bengal) [2018-TIOL-42-AAR-GST]                Goods supplied to branch/depot for further supply as such can be...

This week, we have analyzed the Delhi High Court’s ruling in Ashiana Infrahomes Pvt. Ltd. & Ors v. Adani Power...

The Securities and Exchange Board of India (SEBI) has amended the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011...

91 FAQs ON FINANCIAL SERVICES ISSUED BY CENTRAL BOARD OF INDIRECT TAXES & CUSTOMS Due to the complex nature of...

The President today (6 June 2018) gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (Ordinance). Following...

Notification Notification No.13/2018-C.T./GST dated June 6, 2018   The Government of West Bengal vide the above Notification has enhanced the threshold...

RBI, vide a Circular dated June 7, 2018 bearing Circular No. RBI/2017-18/194 (A.P (DIR Series) Circular No. 30) (available here),...

Notification Notifications and Order No. D.C. (A&R)-2/GST/PWR/Sections/2017-18/ADM-8 dated June 5, 2018    The Government of Maharashtra vide the abovementioned Notification...

The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular on 12 June 2018 (available here), for clarifying...

Notifications Notification No. 26/2018-Central Tax dated June 13, 2018 CBIC notifies CGST (Fifth Amendment) Rules, 2018 hereby amending the following...

Welcome to the latest issue of ELP Knowledge Series. This publication is intended to keep you abreast of the latest...

Join us for a panel discussion on the current landscape of arbitration in India, including the recent changes that have...

FTI Consulting, the MCIA and ELP are hosting a panel session on Cross-Border transactions; Dispute Resolution in India followed by...

Economic Laws Practice (ELP) has added former Tata Power head of strategy and contracts Karishma Maniar as an associate director...

5 Associate Partners were promoted as Partners/Directors (salaried partner equivalent). In addition 4 counsels and 11 Senior Associates were promoted...

JGLS Sonepat has concluded its so-called Day Zero interviews, which were staggered between April and concluded in early May, resulting...

Economic Laws Practice (ELP) has promoted 5 associate partner to salaried partner or the equivalent director level, while 15 other...

Mumbai: The market regulator Securities and Exchange Board of India (Sebi) on Thursday notified changes in the governance norms for...

With the National Company Law Tribunal (NCLT) and the National Company Appellate Law Tribunal (NCLAT) closing for vacations, the resolution...

Karthik K Mahalingam, the head of Shardul Amarchand Mangaldas & Co’s Bengaluru office announced his departure from the firm after...

Singapore-based private equity firm L Catterton Asia is buying a 10% stake in Kishore Biyani-led Future Lifestyle Fashions for approximately...

SEBI vide circular number IMD/FPIC/CIR/P/2018/101 (available here) (“SEBI Circular”) and RBI vide circular number RBI/2017-2018/199 A.P. (DIR Series) Circular No....

Notifications Notification No. 3/2018, F.No. 3(163)/Policy-GST/2018/298-307 dated June 15, 2018 Delhi government amends the e-way bill rules with effect from...

Notifications Notification No. 28/2018 – Central Tax dated June 19, 2018 Central Government notifies Central Goods and Services Tax (Fifth...

This week, we have analyzed the Delhi High Court’s judgment in Antrix Corporation Limited v. Devas Multimedia Private Limited. The...

We attach herewith a regulatory update on the decisions taken by the Securities and Exchange Board of India (“SEBI”) in...

Circulars Circular No. 49/23/2018-GST dated June 21, 2018 Central Board of Indirect Taxes and Customs modifies its earlier Circular dated...