The recent proposal to introduce the Principal Purpose Test (PPT) in the India-Mauritius Double Taxation Avoidance Agreement (DTAA) has garnered...
India is currently governed by a plethora of labour legislations. Labour is a concurrent matter in the Constitution, which means...
The decade long dispute with the government over the construction of the Delhi Airport Metro was thought to have finally...
In today's dynamic economic landscape, borrowers often find themselves navigating through various challenges and uncertainties, especially when it comes to...
We hope this email finds you well. We are writing to you with an important update regarding proposed mandatory certification requirements...
Final affirmative determination in the less than fair value investigation
As of January 31 this year, 5,44,205 appeals were pending resolution with the Income Tax (IT) Department at the commissioner...
Join Sweta Rajan, Partner, and Samyuktha Srinivasan, Senior Associate, Economic Laws Practice (ELP) in our latest podcast episode as they...
Cancelled a flat booking and the property developer forfeited the entire booking amount? Godrej Properties Limited did just that to...
In the latest in a slew of judicial pronouncements on climate change across the globe, the Supreme Court has declared...
Williamson Magor and Co (WMCL), which recently defaulted in repaying a loan of up to Rs 164 crore to various...
Sheikh Rishad from BW Businessworld writes on “India-Mauritius DTAA Changes May Decrease FPI Inflows From Mauritius: Experts” with expert comments...
Lately, India’s Enforcement Directorate (ED) has intensified its scrutiny on the reconciliation of foreign exchange realisations - payments against export...
We are pleased to present the latest edition of ELP's Climate Quotient Newsletter, a comprehensive monthly roundup of key climate...
Preliminary determination of critical circumstances, in part.
We are writing to you with an important update regarding mandatory certification requirements applicable to imports of Ortho Phosphoric Acid into India.
The March edition of ELP’s Bureau of Indian Standards Newsletter has arrived! Stay at the forefront of regulatory changes, industry...
A section of the Income Tax administration is wary of the new changes in India-Mauritius Double Tax Avoidance Treaty. While...
Circa 1981, Journey released its album titled ‘Escape’, which incidentally resonates with the tribulations of award holders attempting to enforce...
Economic Laws Practice (ELP)'s Partner Gopal Krishna Mundhra and Rajath Bharadwaj, Associate have co-authored an article “Questioning Morality: The Classification...
In the ever-evolving landscape of social media, influencers are demonstrating their significant impact. In this context, Economic Laws Practice (ELP)'s...
Investments coming into India via Mauritius will now face closer scrutiny as the Indian government and the Mauritian government have...
Dabba trading is an illegal and unregulated form of trading in securities, which is done outside the purview of regulatory...
The Ministry of Corporate Affairs (MCA) has published the Report of the Committee on Digital Competition Law (CDCL Report) along...
Does your business operate in Asia? Are you looking to move into the region? Just want to keep your Asian...
The International Financial Services Centre Authority (“IFSCA”) vide a circular dated April 5, 2024, on “Ease of doing business – Filing...
Preliminary Results and Partial Recission of the Countervailing Duty Administrative Review, 2021-2022.
Penny stocks: The income tax department can now file an appeal in tribunals and court if you are found to...
The startup world thrives on innovation and ambition, but these qualities need fuel to turn into reality. Enter private equity...
The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public sector...
Gopal Krishna Mundhra, Partner & Swati Agrawal, Senior Associate, Economic Laws Practice (ELP) writes an article on “Stamp Duty to be levied on...
It’s been almost three years since the first aircraft leasing entity was registered at the International Financial Services Centre in...
Housing finance plays a pivotal role in shaping the socio-economic landscape of any nation, serving as a catalyst for infrastructure...
Specified individuals have to deduct tax deducted at source (TDS) before making certain payments. While it is important to deduct...
The Reserve Bank of India (RBI) has issued consolidated guidelines for issuance of Guarantee and Co-acceptance of Bill by the...
Amidst the complex landscape of GST, the real estate industry finds itself navigating through unprecedented challenges. Recently, GST authorities have...
At a time when many startups, especially in the fintech industry, have received income tax notices recently, industry executives and...
Our Partner Harsh Shah shares his insights in the latest article “Record GST collection led by resilient economy; Elections to...
The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines to the central goods and services tax (CGST)...
Preliminary affirmative determination of grant of countervailable subsidies.
On 27 March 2024, the Directorate General of Foreign Trade (DGFT) issued the relevant policies and procedures concerning General Authorization...
We are writing to you with an important update regarding mandatory certification requirements applicable to imports of agro textiles into...
A few months ago, the Reserve Bank of India issued a notification dated December 19, 2023 (“December 2023 Notification”), which...
Law firms based in Singapore can now serve Indian clients without tax worries. The Delhi tax tribunal has set aside...
The count of broke businesses finding new homes jumped in the fiscal year nearing its close, as well-staffed bankruptcy courts...
We are writing to you with an important update regarding mandatory certification requirements applicable to imports of certain aluminium products...
Institution of anti-dumping and countervailing duty investigations
Labour laws fall under the concurrent list of the Schedule 7 of the Constitution of India. The state governments are...
Surbhi Gloria Singh from Business Standard writes on “What happens to money seized by Enforcement Directorate during raids” with insights...
As part of its continuous efforts to promote the Electric Vehicle (EV) sector in India, the Indian government unveiled a...
The 204th meeting of SEBI’s Board was held in Mumbai on March 15, 2024 and a number of crucial decisions have...
Gireesh Chandra Prasad from LiveMint writes on writes on “?IBBI’s cost tweak: The case for and against” with insights in...
The Indian government recently introduced two new sets of rules: the draft De Minimis and draft Green Channel Rules with...
CBDT has revised the situations when an individual or income tax assessing officer (AO) can file a request for expedition...
The income tax return (ITR) is a government document where you report your income, investments, and tax obligations. Filing Income...
2024’s second edition of ELP’s Bureau of Indian Standards (BIS) Compliance Newsletter is here! Stay ahead with the latest updates,...
On March 1, 2024, the Indian Ministry of Electronics and Information Technology (“MeitY”) issued an Advisory (“the Advisory”)[1] for intermediaries and platforms[2] involved...
We are writing to you with an important update regarding mandatory certification requirements applicable to imports of certain chemical products into India.
There are certain service-related rules and regulations that every central government servant must follow even when acting in a personal...
The Department of Pharmaceuticals has introduced the new Uniform Code for Pharmaceuticals Marketing Practices (UCPMP), 2024, significantly tightening the regulatory...
The CCI (Determination of Turnover or Income) Regulations, 2024 (Turnover Regulations) have been published after public consultation in December 2023. Some of...
On March 7, 2024, the CCI published the CCI (Settlement) Regulations, 2024 (Settlement Regulations) and the CCI (Commitment) Regulations, 2024 (Commitment Regulations) (together, Regulations). A...
On March 7, 2024, the MCA issued two notifications revising the (1) asset and turnover thresholds under Section 5 of...
Final affirmative determination of sales at less than fair value
The Ministry of Home Affairs (MHA), through a gazette notification on Thursday, empowered the Indian Cyber Crime Coordination Centre (I4C)...
The government is planning to take a host of steps to expedite the refund of unclaimed shares and dividends to...
The Committee on Digital Competition Law (CDCL), formed by the Ministry of Corporate Affairs, had on Tuesday proposed a new...
Legal experts say that the proposed digital competition law, if brought into force in its current form, will give more...
The Ministry of Corporate Affairs (MCA) last week notified provisions in the Competition (Amendment) Act, 2023 where the Competition Commission...
The IFSCA has issued a circular dated March 11, 2024 (IFSCA March Circular) setting out two relaxations/exemptions for Sovereign Wealth Funds that...
The power sector, a cornerstone of modern infrastructure, is facing significant challenges globally. Aakanksha Joshi, Partner and Pranaav Gupta, Associate...
After formally launching negotiations in 2008, India and the European Free Trade Association (EFTA) comprising Switzerland, Iceland, Norway, and Liechtenstein...
We are pleased to present the latest edition of our Climate Quotient newsletter. Dive into the global effort to tackle...
Amidst the ongoing Russia-Ukraine conflict, the evolution of sanction measures continues. Several critical sectors of economic importance to Russia have...
Key Trade Remedial Updates Subject Countries Product Investigation (AD – Anti-dumping, CVD – Countervailing) Particulars United States of America Germany,...
We are writing to you with an important update on certain developments concerning mandatory certification requirements applicable to of certain...
A staggering 42 lakh new accounts were opened in December alone—50% higher than the previous month—taking the total number of...
The intertwining domains of the Prevention of Money Laundering Act, 2002 (PMLA), and the Insolvency and Bankruptcy Code, 2016 (IBC)...
The Division Bench of the Hon’ble High Court of Bombay (Court) recently rendered a significant judgment in relation to the...
When buying a term insurance policy, the main aim is to secure the future of your family members in your...
The Maharashtra FDA alleged that a McDonald's outlet used cheese analogues in some products. They were marketed as containing real...
Client feedback plays a pivotal role in helping law firms evaluate their performance, improve service quality, build strong client relationships,...
The WTO’s 13th Ministerial Conference (WTO MC13) ends with commitment to continue ongoing talks.
All-night talks failed to reach a breakthrough[1] Here’s a short overview of the status of negotiations on important issues[2] -...
MC13 extended by a day since deadlock on key issues continues The 13th Ministerial Conference (MC), originally scheduled to conclude...
EU and US block India’s proposals on fish and farm subsidies Negotiations at the WTO's Ministerial Conference on fish and...
Following last year's notification of the Green Credit Program, the Government of India has just unveiled the methodology for generating...
As part of the series covering the key developments in sphere of insolvency in India during 2023 and early 2024,...
As part of the series covering the key developments in sphere of insolvency in India during 2023 and early 2024,...
WTO Ministerial Conference 13 – 27th February 2024 – Round-Up South Africa and India drop their objections to New Disciplines...
Introduction In response to the two-year anniversary of the Russia-Ukraine conflict and the death of anti-corruption activist Aleksey Navalny, Western...
On February 20, 2024, the Competition Commission of India (CCI) published the CCI (Lesser Penalty) Regulations, 2024 (LP Regulations) which replace the earlier...
We are writing to you with an important update regarding mandatory certification requirements applicable to imports of certain chemical products into India.
We bring you updates from the first day of 13th WTO Ministerial Conference in Abu Dhabi! India has taken a...
There have been reports that EPFO has adopted a new rule for calculating higher EPS pension for members who have...
The Competition Commission of India (CCI) recently notified the new CCI (Lesser Penalty) Regulations, 2024 (Regulations) which have also introduced...
Initiation of countervailing duty investigations.
Taxand Global is delighted to offer you two insightful webinars to discuss hot topics in transfer pricing specific to the...
Taxand Global is delighted to offer you two insightful webinars to discuss hot topics in transfer pricing specific to the...
We are excited to launch our new video series Economic Laws Practice (ELP): Regulatory Round Up on navigating mandatory compliance for...
In the run up to WTO’s 13th Ministerial Conference at Abu Dhabi, a draft of the Chair’s text for the...
Our Senior Counsel Mukesh Chand shares his insights in the article "Will Paytm FASTag work beyond the March 15 deadline...
Uttarakhand has become the first state in the country to have passed the Uniform Civil Code (UCC) in the Legislature,...
The government will incentivise companies already under investigation for forming a cartel to report on other cartels that exist. According...
The Competition Commission of India (CCI) has implemented regulations for the leniency-plus regime, allowing companies involved in cartelisation to report...
The Delhi HC elucidates the position in Cox and Kings Ltd. v SAP India Pvt. Ltd. & Anr. By its...
Regulation 8 of the IFSCA (Fund Management) Regulations, 2022 (“IFSCA FM Regulations”) requires the fund management entity (FME) of each...
In a groundbreaking judgment, the Supreme Court has clarified the National Company Law Tribunal's (NCLT) authority to recall orders and...
We are excited to present our latest edition of BIS Newsletter! Join us as we spotlight India's dynamic standardization initiatives...
In the latest column of businessline, ‘Supply of medicines, drugs, consumables, food to in-patients of a hospital to be composite...
Cross-border insolvency is a complex legal situation that arises when a company undergoing insolvency proceedings has assets, creditors, or operations...
In the latest article of BW Businessworld, #Sheikhrashid writes on the significant amendments made to the IBBI (Insolvency Resolution Process...
Final results determining grant of countervailable subsidies
Individual taxpayers do not have to pay income tax on long-term capital gains (LTCG) up to Rs 1 lakh earned...
As we approach 31 March 2024, Section 43B(h) of the Income Tax Act has created chaos in the business community,...
The Reserve Bank of India may create a carve-out for strategically important funds from the restrictions imposed by the evergreening...
Our Senior Counsel Mukesh Chand speaks to Neelanjit Das from The Economic Times on the premature redemption of Sovereign Gold...
Our Partner Rahul Khurana talks to Thyagarajan Narendran & Meghna Mittal from moneycontrol.com in “GST Council may issue clarification on...
Many people end up sending money to the wrong back account while sending money through their unified payment interface (UPI)...
The recent Bombay High Court judgement upholding the authority of Phonographic Performance Ltd (PPL) and Novex Communications Pvt Ltd to...
In the dynamic landscape of insolvency law, the year 2023 has witnessed a spectrum of groundbreaking judgments from the Supreme...
Preliminary results of administrative review determining grant of countervailable subsidies and partial rescission of review.
The Interim Budget 2024 is filled with promising boosts for both the infrastructure and green energy sectors. Megha Agarwal, Associate...
The Securities Appellate Tribunal (SAT) may have to hear afresh cases involving Sahara India, Bombay Dyeing and Franklin Templeton among...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of steel and steel...
In October 2022, the Walmart-owned fintech firm, PhonePe, said it was moving its domicile from Singapore to India. As part...
Vimal C. Joshi from LiveMint writes on the cryptocurrency investment fraud on matrimonial platforms in the article “Indian banker in...
Tune into the CNBC_Awaaz 's latest story, as Nishant Shah, Partner, Economic Laws Practice (ELP) speaks about the impact of Interim Budget 2024 on different...
While the nation awaited a populist budget in view of the upcoming general election, no major amendments were introduced in...
Regulation 16(1)(c) and 17(c) of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) states...
We are delighted to share the launch of the second edition of our Climate Quotient newsletter. This publication delivers a...
Greater access to domestic capital and rising ease of doing business are prompting many SaaS start-ups to house their operations...
Final results of administrative review determining dumping.
While the Interim Budget 2024 proposed no changes in the overall tax strucuture both direct and indirect tax, it has...
Thyagarajan Narendran from moneycontrol.com writes on "Budget 2024 Announcement on withdrawal of petty direct tax demands unlikely to reduce pendency in courts,...
P Krishna Kumar from ETHospitalityWorld talks to Megha Agarwal, Associate Partner, Economic Laws Practice (ELP) in his latest article “Tourism and hospitality industry lauds direction of...
We hope this email finds you well. We are writing to you with an important update regarding mandatory registration requirements applicable...
ELP's analysis on key proposals in the Interim Budget 2024 for the real estate sector.
ELP's analysis on key proposals in the Interim Budget 2024 for the infrastructure sector.
As international trade continues to be rattled by sustained Russia-Ukraine war and the widening conflict in the West Asia region,...
We are pleased to bring to you ELP's analysis key proposals in the Interim Budget 2024.
Vivek Baj, Partner, Economic Laws Practice (ELP) has been quoted in an article "Interim Budget 2024 Expectations: Process Simplification for Ease of...
Darshan Bora, Partner, Economic Laws Practice (ELP) speaks to Thyagarajan Narendran from moneycontrol.com as he writes on "Decriminalise more provisions in tax laws in Budget 2024,...
The government has not extended the deadline of the concessional tax rate of 15% applicable on new manufacturing start-up companies....
Our Partner Aakanksha Joshi has been quoted in an article "Budget 2024: FM announces ?11.11 lakh crore capex in FY25, up 11%"...
Our Partner, Harsh Shah has been quoted by LiveMint in their article titled 'Income Tax Budget 2024 Live Updates: No change in slabs, both...
Investments in Infrastructure and productive capacity have a large multiplier impact on growth and employment. It is expected that the...
Our Partner Rahul Charkha has been quoted in article "Income tax slabs 2024-25: Budget 2024 to tweak new income tax regime?" published...
Our Partner Rahul Charkha has been quoted in an article "Interim Budget 2024 & stock market wishlist: Removal of STT, double taxable...
Our Associate Partner, CA. Sumeet Agrawal, has been quoted in an article titled 'How largecap indices Sensex, BSE100 fared on Budget...
With the Interim Budget valid until the Lok Sabha elections conclude and a new government is formed, common folks, especially taxpayers, are...
The IFSCA allows “accredited investors” exemptions from various financial thresholds. AIF schemes soliciting money only from accredited investors too are...
The Union Budget 2024-25 is set to be presented by Finance Minister Nirmala Sitharaman on Thursday (February 1). The upcoming...
Electric Vehicle (EV) industries are hopeful of a reduction in the current GST rate, changes in the FAME 2 subsidies,...
ELP, Taxand’s India partner has authored the India chapter for Taxand’s first edition of the Transfer Pricing Guide 2024. Some...
We are happy to share Taxand’s first edition of the Transfer Pricing Guide 2024, a critical resource for any multinational...
On January 24, 2024, SEBI published its informal guidance to LetsVenture Advisors LLP (LVA), the investment manager of LV Angel Fund (“LV...
In the latest article, by Biplob Ghosal from News9Live, it talks about the expectations for stock market, banks, automobile, agriculture, startups etc....
In a setback to over 100 companies, including Hindustan Unilever (HUL), Nestle, Patanjali, and Philips, the Delhi High Court on...
Sheikh Rishad from BW Businessworld writes on “Direct Tax To Total Tax Collection Dipped 270 Bps In Past Decade: CBDT Data” with inputs from...
The Interim Budget 2024-25 is on February 1, and India's middle class is waiting for its share of tax relief...
We are pleased to share with you the latest edition of our Competition Law update where we cover some of...
Final results determining grant of countervailable subsidies.
In Budget 2023, FM Sitharaman extended the standard deduction of Rs 50,000 to the new tax regime, which was earlier...
Further to the recent notification by the Ministry of Finance enabling direct listing outside India, the Ministry of Corporate Affairs...
The government on Wednesday, January 24, permitted the direct listing of Indian companies on the Gujarat International Finance Tec’s (GIFT’s)...
Rhik Kundu from LiveMint writes on "Indian companies can now list directly on GIFT City’s international exchanges” over the Ministry of Finance's notification...
Post the notification of Section 5 of the Companies (Amendment) Act, 2020, with effect from October 30, 2023, the Government...
Until now, not all AIFs were required to appoint a custodian. The AIFs required to appoint a custodian were:
The Securities and Exchange Board of India (Sebi) is planning to mandate the managers of alternative investment funds (AIFs) to...
Sonu Vivek from India Today writes on Interim budget 2024: Will Section 80C deduction limit increase from Rs 1.5 lakh? with expert comments...
Creditors seem to be running out of options to revive the grounded airline, unless SpiceJet can pull off a surprise....
Determination of successor-in-interest for anti-dumping duty order.
The taxpayers have suddenly found themselves entangled in a web of multiple notices. ASMT-10, DRC-01A, DRC-01, DRC-07, scrutiny of returns,...
As we step into 2024, it's crucial to look back at the transformative year that was 2023 in the world...
In the fourth episode of Economic Laws Practice (ELP)’s Podcast Series: Sanctions (Middle East & Africa), Mahmoud (Mac) Fadlallah, Partner,...
As 2023 drew to a close, SEBI gave effect to settlements initiated by two Alternative Investment Funds under the SEBI...
The Interim Budget 2024 looms just days away, and a wave of expectations is sweeping across various sections of taxpayers,...
On January 12, 2024, SEBI released a Consultation Paper outlining proposals designed to offer increased flexibility to Alternative Investment Funds...
For the upcoming Budget, analysts said the market would prefer fiscal prudence, though some populist measures in the wake of...
Preliminary results determining no dumping
The 11 Sensex-listed information technology (IT) and banking companies accounted for 83 per cent of all sexual harassment cases reported at firms...
Planning to invest in a Bitcoin Exchange Traded Fund (ETF) approved by the UD Securities & Exchange Commission (SEC) ?...
Under the Income Tax Act of 1961, ESOPs are taxed twice -- first when employees exercise their stock options, and...
The Supreme Court has put on hold a Delhi High Court ruling that had allowed foreign investors to benefit from...
On May 21, 2012, the SEBI (Alternative Investment Funds) Regulation, 2012 (“AIF Regulations”) ushered in a new era for the...
#PriyamvadaC & Ranjani Raghavan from LiveMint writes on the "Firstcry, Ola Electric IPOs to build a club of super-rich" with expert comments from our Partner Rahul...
The year 2023 proved to be a momentous period in India, marked by significant milestones across various domains. From successfully...
On December 29, 2023, the Securities and Exchange Board of India (SEBI) issued an order (Order) in the matter of...
Preliminary results determining no dumping and partial rescission of review.
Foreign investors might be staring at uncertainties with respect to benefits under Double Taxation Avoidance Agreements, as the Supreme Court...
The New York Times recently filed a lawsuit against OpenAI and Microsoft, alleging that their AI chatbots used NYT's content...
The presiding officer of the Securities and Appellate Tribunal (SAT) retired leaving the quasi-judicial bench with only one judge and...
The Burman family has asked the market regulator SEBI to bar Religare Enterprises Ltd. independent director Hamid Ahmed from attending...
Final findings of administrative review recommending continuation of duties.
Nishant Shah, Partner, Economic Laws Practice (ELP) talks to Thyagarajan Narendran from moneycontrol.com in the article, Food Fight: Zomato may be looking at minimum 3...
The market regulator had a breathlessly busy year, with far-reaching changes made across asset classes and radical reforms initiated to...
The Goods and Services Tax (GST) authorities have sent show cause notices to several listed companies for non-payment of taxes...
Legal experts say that while the government, courts and the Insolvency and Bankruptcy Board of India (IBBI) have been advancing...
India barred lenders from investing in alternative investment funds that hold stakes in their borrowers, the market is counting the...
Preliminary results determining no dumping and partial rescission of review.
Tackling the escalating issue of deepfake videos featuring prominent Indian celebrities necessitates a blend of legal, technological, and social strategies,...
Preeti Motiani from The Economic Times writes on "Last date to file court case to claim share in property by...
Abhay Chattopadhyay, Partner, Economic Laws Practice (ELP) talks to Kiran Rathee from The Economic Times on the Telecommunications Bill 2023 in the article, Waiver provisions...
In the third episode of Economic Laws Practice (ELP)'s Podcast Series on Sanctions:
Last week, the COP 28 concluded, marking a pivotal moment in global efforts to combat climate change. The international community...
The Supreme Court ruled on December 14 that claims over financial instruments such as shares and debentures should be with...
The Reserve Bank of India has issued a notification dated December 19, 2023 (Notification), which seeks to address concerns of...
The new Telecommunications Bill 2023 offers a definition of telecom services that it gives the government the power to regulate...
Open Network for Digital Commerce (ONDC) was launched in India in 2022 and has gained much traction among buyers and...
Preliminary determination of grant of countervailable subsidies.
The COP 28 meeting in UAE is the first time the world has convened in an oil-producing state and given...
In a bid to provide relief to the taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has directed...
Consent is the cornerstone of arbitration; it can be express or implied. Although Section 7 of the Arbitration and Conciliation...
In the second episode of Economic Laws Practice (ELP)’s Podcast Series on Sanctions: EU, Isabelle Van Damme, Partner, International Trade...
Any borrowing or leverage by Alternative Investment Funds (AIFs) is highly regulated. In the fourth episode of the ELP Funds...
Preliminary results determining circumvention of antidumping duties by way of Turkey.
In its recent decision in Newton Engineering and Chemicals Limited and Ors. vs. UEM India Pvt. Ltd.[1] the Delhi High...
Sangita Mehta from The Economic Times writes about the recent Supreme Court decision has brought the promoter-guarantor almost at par...
Our Senior Counsel Mukesh Chand talks to Shayan Ghosh from LiveMint in the article “App fiasco: Bank of Baroda tells branches to retrieve consent forms” about...
In recent years, sanctions have taken centre stage in international business, posing intricate challenges for companies worldwide. With Western nations...
Our Partner Mitesh Jain talks to Vikash Tripathi from Business Standard for the article “Explained: You can discard tax returns if your ITR status is 'unverified'”...
Preliminary determination of sales at less than fair value from India, extension of provisional measures and postponement of final determination.
Companies in India offering goods and services online may have to rethink their user interface and marketing strategies after the...
In the month of October 2023, several key changes in respect of the Indirect tax laws through amendments, notifications, circulars...
SEBI’s AIF Regulations and the IFSCA’s Fund Management Regulations require the investment manager to obtain the consent of investors in...
The Hon'ble Securities Appellate Tribunal ("SAT") passed an order on November 06, 2023, in the matter of Choice Equity Broking...
In a recent ruling, Madras High Court held that the GST council’s role, particularly with respect to classification of a...
In a recent ruling, the Hon’ble SAT has absolved a company and its compliance officer for wrongful disclosure made to...
Economic Laws Practice (ELP) 's Partner Darshan Bora shares his insights with Charu Singh from BQ Prime in the article...
A legal heir challenges the validity of a will when he/she is dissatisfied with the distribution of assets made in...
Introduction The Hon'ble Delhi High Court, recently, in the matter of Union of India v. Bharat Serums and Vaccines Limited...
The government is set to specify penalties for e-commerce companies misleading consumers into making unintended decisions, as it tightens regulations...
WTO Committee on Rules of Origin report highlights committee work on preferential rules of origin for least developed countries. Committee...
The proposed National Pharmacy Commission Bill, 2023 will give a fillip to research with the inclusion of latest technological advancements,...
Recently, two Indian companies have come in for observations from the US Food and Drug Administration (FDA) on their non-adherence...
With over 20,000 notices issued by the goods & and services tax (GST) department since 2022, India Inc is now...
Our colleagues Virangana Wadhawan and Vinayak Sankaranarayanan have authored an article in BQ Prime on the Supreme Court's orders on air pollution and more importantly, issues...
In instances involving substantial values, specifically those with admitted claims surpassing INR 1000 crores, the aggregate admitted claims amounted to...
On October 1, 2023, the European Union brought into effect the initial phase of the world’s first Carbon Border Adjustment...
COP28, the annual conference of UN members for climate change negotiations, will witness the conclusion of the first ever “global...
ELP’s India Post is concise update on recent groundbreaking tax judgments delivered by the Hon'ble Supreme Court of India. These...
We are delighted to present to you the next episode of “ELP Podcast Series- Funds Series- The Term of a...
The Directorate General of GST Intelligence (DGGI) is understood to be sending notices to various real estate companies, demanding that...
The Delhi High Court has termed the Central Board of Direct Taxes’ (CBDT) theory of “travel back in time” for...
Final results of administrative review determining no dumping and no shipments.
The article authored by Lata Jha in LiveMint and Hindustan Times discusses the implications of this. The government move to assign nodal officers to combat...
As Delhi and the region around it again breathes toxic air this winter, a petition in the Supreme Court brought...
Final results of administrative review determining continued dumping and determination of no shipments.
ELP's Manendra Singh discusses the implications of the Indian government's recent announcement permitting certain Indian companies to directly list on select foreign...
ELP's Ravisekhar Nair has been interviewed by Nimitt Dixit of Asian Legal Business on the implications of Competition Commission of India's draft framework for commitment and...
E-way bill generation in October has crossed 10 crore for the first time since its introduction. This could be a reflection...
BQ Prime has published an article on key changes proposed by the IBBI to streamline the corporate resolution process. Reforms include:...
We are happy to announce the launch of a new podcast series on Investment Funds & Fund Regulations. In this podcast...
On 23 August 2023, the Competition Commission of India (CCI) closed an..
Recission of CVD administrative review due to lack of reviewable suspended entries.
Our Senior Counsel Mukesh Chand talks about the investment by NRI retail investors in the latest article “How can an...
Banks are staring at a reduced scope of recovery from bankrupt and insolvent borrowers as a Supreme Court order has...
Legal heirs can dispute the distribution of assets mentioned in a will. But the grounds to challenge a will become...
Ministry of Corporate Affairs specified through a notification that October 30 would be the day on which the concerned 2020...
In a much awaited and an important move, the Government has notified Section 5 of the Companies (Amendment) Act, 2020,...
Agricultural income is exempted from tax under the Income-tax Act, 1961. It is important to note that income from allied...
India’s legion of financial influencers are once again under the spotlight as the country’s market regulator ramps up action against...
The Central Board of Indirect Taxes and Customs (CBIC) has said that Goods and Services Tax (GST) will apply to...
The Ministry of Corporate Affairs (MCA) has amended certain rules under the Companies Act, 2013 (CA2013). Key changes introduced by...
Notification of final findings in sunset review recommending continuation of anti-dumping duties.
India’s first privacy legislation, the Digital Personal Data Protection (DPDP) Act 2023 was supposed to have a transformative effect on the...
The Indian Succession Act, 1925, does not bar legal heirs from becoming a witness to a will (except in the...
The Competition Commission of India has published a draft of updated regulations for reduced penalties. These new rules include implementing...
The Reserve Bank of India's decision to ban the Bank of Baroda state-owned lender from onboarding new customers on its...
India is projected to see a net outflow of 6,500 high net-worth individuals (HNIs) in 2023, indicates the latest Henley's...
Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted in an article “Denial Of Tax Benefits Under French, Swiss,...
The Supreme Court of India recently addressed the issue of the applicability of the doctrine of "election" under the Insolvency...
The Supreme Court (SC) in the recent ruling in the matter of Nestle SA has examined the most favoured nation...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Lauric Acid, Acid Oil, Palm...
Notice of final results of antidumping duty changed circumstances review.
The ICE Benchmark Administration completely ceased the publication of interest rate benchmark LIBOR. This necessitates the replacement of LIBOR with...
In the September edition of our BIS Newsletter, we delve into the Indian recent initiatives at enhancing quality control measures,...
The latest feature of Business Standard, Are Indian family businesses serious about governance? uncovers to what extent the large family-led...
Notification of final determination of covered merchandise inquiry.
According to a recent ruling from the Calcutta High Court, India is in need of arbitration reforms. In theory, it...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various GEO Textile...
India’s rubber industry is gaining momentum in the global export market. With the rollout of the Foreign Trade Policy 2023,...
Our Partner Shailesh Poria talks to Business Standard in its latest story "Are policy like Byju's media gag enforceable?" which...
In the month of September 2023, several key changes in respect of the Indirect tax laws through amendments, notifications, circulars...
The government has released draft guidelines for dark patterns or tricky design tricks used in digital or online interfaces. Dark...
Treasury bills (T-bills) are short-term debt instruments issued by the Reserve Bank of India (RBI) on behalf of the government...
Amongst start-ups as well as other companies, the popularity of ESOPs as a mode of employee compensation has only been...
We are writing to you with an important update regarding mandatory registration requirements applicable to the manufacture and import of...
Notification of final results of antidumping duty administrative review.
Mukesh Chand, Senior Counsel, Economic Laws Practice (ELP) has been quoted in an article, “Breaking barriers. IBBI’s new measures aim to boost...
This article by our tax colleagues Vivek Baj and Sai Dash on the contentious issue of ITC refund. The article...
In a significant development, the Central Board of Direct Taxes (CBDT) has issued Notification No. 81/2023 dated September 25, 2023,...
In an effort to address the circumvention of the prohibitions imposed on Russian-origin iron and steel, the UK and EU...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various mandatory products...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various Electrical Appliances...
SPAG, A FINN Partners Company's eBook, titled 'The Change Makers for a Purpose-Driven Landscape', delves deep into the realms of...
Rohit Jain, Partner & Arihant Tater, Principal Associate, Economic Laws Practice (ELP) have co-authored an article titled, "Business Expenditure -...
Our Senior Counsel Mukesh Chand has been quoted in an article “Empowering home buyers: IBBI’s game changing amendments in IBC regulation”...
Walt Disney Co. is in talks to sell its India entertainment TV and streaming businesses, with Reliance Industries among the...
As per Regulation 28 of SEBI (Alternative Investment Funds) Regulations, 2012, AIFs are required to submit quarterly reports to SEBI...
“In making a provision for recovery of arrears of tax, it cannot be said that section 46 deals with or...
We are delighted to introduce our newsletter dedicated to non-tariff barriers. The information within will serve as a valuable resource...
We are writing to you with an important update regarding mandatory registration requirements applicable to the manufacture and import of...
Insolvency regulator IBBI has brought in several changes to the existing regulations around Corporate Insolvency Resolution Process (CIRP) as part...
The Indian footwear industry, a dynamic and expansive sector, has achieved remarkable growth, solidifying its position as the world's second-largest...
Background Recovering loans has always posed significant challenges for financial institutions in India. While these institutions are entrusted with the...
We hope this email finds you well. We are writing to you with an important update regarding mandatory registration requirements...
Notification of final results and partial rescission of countervailing duty administrative review.
The Delhi High Court recently ruled that ChatGPT cannot be used to adjudicate on legal issues, citing varying responses depending...
In the month of August 2023, several key changes to the administration of indirect tax laws through amendments, notifications, circulars...
Recently, individuals have received an income tax intimation notice asking them to explain why had they claimed a higher amount...
India has released draft rules that, once approved, will replace two-decade-old regulations on patents as the government looks to cut...
Our Partner Rohit Jain has been quoted in an article “Development right akin to land purchase, shouldn’t attract GST” published by The Times...
On September 07, 2023, the Department of Consumer Affairs (‘DoCA’) released Draft Guidelines for Prevention and Regulation of Dark Patterns...
The National Company Law Appellate Tribunal has refused to entertain an insolvency petition offering clarity that the bankruptcy law can't...
The Division Bench of Supreme Court in Eva Agro Feeds Private Limited vs Punjab National Bank and Anr.[1] has held...
Notification of final results of antidumping duty administrative review and final determination of no shipments.
The Competition Commission of India (CCI) has brought in some major overhauls towards modernizing its merger control regulations. In an...
The Competition Commission of India's draft settlement rules aim to offer a way out of protracted litigation to companies but...
Third-party litigation funding is now an established global commodity. Across the Asian region, uptake has been slow, however, although India...
Notification of final results of anti-dumping duty administrative review.
The police's act of filing FIRs against high-ranking officials of a bank and financial institution in recovery matters warrants discussion....
“You raise the blade, you make the change, You rearrange me till I am sane.”[1] Exercising the scalpel, the Delhi...
On August 28, 2023, the DGFT vide notification no. 27/2023 issued an updated and revised list of SCOMET items. The...
Economic Laws Practice (ELP) & Taxsutra are elated to present the 17th edition of our GST Newsletter which encompasses significant events in the...
In early June, a user complained about one of the e-commerce platforms charging customers higher than the MRP. The price...
Notification of final results of antidumping duty changed circumstances review.
Mukesh Chand , Senior Counsel, Economic Laws Practice (ELP) has been quoted in an article "BoB withdraws auction notice, says Sunny Deol...
Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted in an article "File ITR now, pay tax dues later"...
When a will is made by an individual, it must be signed by a witness. What do succession laws say...
The Division Bench of the Hon’ble Supreme Court of India has recently rendered a noteworthy judgment related to the plea...
Notification of termination of the suspension agreement and issuance of Antidumping Duty order.
On August 2, 2023 the National Medical Commission (NMC), Ethics and Medical Registration Board (EMRB) issued the Registered Medical Practitioner...
On August 17, 2023, the European Commission adopted an implementing regulation (Regulation) concerning the reporting obligations for the carbon border adjustment mechanism.
Angel funds were introduced by the Securities and Exchange Board of India (SEBI) with effect from September 16, 2013, by...
Notification of preliminary results of changed circumstances review.
Our Partner Mitesh Jain has been quoted in an article ‘Can you switch tax regime from previous/ last year when filing belated...
The GST Council reassembled in less than a month for its 51st meeting on August 02, 2023, to ‘provide clarity...
In July 2023, several key changes to the administration of indirect tax laws through Notifications and Circulars. ELP’s Indirect Tax...
The Digital Personal Data Protection (DPDP) 2023 was passed on August 03, 2023. The Bill provides for the processing of...
Mumtaz Bhalla, MCIArb, Partner, Economic Laws Practice (ELP) has been quoted in an article, published by ETtech. For further details, read...
The European Union's data protection regulation mandates that if a company wants to transfer its data to another country, the...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Cotton Bales into...
On 05.07.2023, the Delhi High Court decided two cases pertaining to the jurisdiction of the Micro and Small Enterprises Facilitation...
In its latest story 'Is India's Inc. recovery too lopsided?' by Business Standard, Rohit Jain, Partner, Economic Laws Practice (ELP) explains the decline...
Preliminary results and partial rescission of the countervailing duty administrative review, 2021
Yesterday, the Government presented the fifth iteration of India's proposed data privacy legislation, known as the Draft Digital Personal Data...
The GST Council in its 50th meeting on July 11, 2023 sounded the death knell of the online gaming industry by...
Notification of final results of antidumping duty administrative review.
As a part of the climate action plan India has set ambitious targets to combat carbon emissions and desires to...
One of India’s biggest indirect tax reforms – Goods and Services Tax (‘GST’), completed its sixth year on July 01,...
n the latest story by Business Standard, Why do so few Indians pay income tax?, Rahul Charkha, Partner, Economic Laws Practice (ELP) shares...
CZT v CZU[1] Introduction Inherent in an arbitration proceeding is the concept of confidentiality. It is one of the key...
We are pleased to share with you the latest edition of our Competition Law update where we cover some of...
A significant judgment[1], by the Delhi High Court (Delhi HC) provides relief to banks for enforcement of securities under the...
Introduction The Financial Stability Board (“FSB”), an international body, headquartered in Basel, Switzerland, monitors and suggests recommendations on the global...
In a bid to provide relief to crores of depositors whose money is stuck in four cooperative societies of Sahara...
Delisting regulations have taken centrestage following Sebi chairperson’s statement that norms governing the process are being reviewed. Drawing a parallel...
We are writing to you with an important update regarding mandatory registration requirements applicable to manufacture and import of Nuts,...
On June 30, 2023, the Ministry of Power notified the Electricity (Amendment) Rules, 2023 (Amendment)[1] which amend the Electricity Rules,...
In a relief for home buyers, insolvency regulator IBBI has clarified that the 0.25 per cent regulatory fee imposed by...
CBIC has issued a series of clarifications pursuant to the GST Council’s 50th meeting held on 11.07.2023 in New Delhi....
Listed companies must disclose to the public all information on business deals and arrangements that have a bearing on their...
In this booklet (a series of 3 articles) , we discuss the significance of the Financial Action Task Force (FATF)...
Effective from August 1, 2023, taxpayers with an annual turnover exceeding INR 5 Crore will be categorized as a "class...
We are writing to you with an important update regarding mandatory registration requirements applicable to manufacture and import of Smart meters,...
The CBIC has issued various Circulars in line with the recommendations of the 50th GST Council meeting. These clarifications provide...
The Hon’ble Supreme Court of India clarifies the status of Government Dues under Section 53 of the Insolvency and Bankruptcy...
Institution of antidumping and countervailing duty investigations and scheduling of preliminary phase investigations.
In light of the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 notified on June 14, 2023, SEBI...
ELP’s GST update covers key highlights of the 50th GST Council meeting, which was held on July 11, 2023. The...
Close-ended alternative investment funds (AIFs) have faced issues such as lack of liquidity, and regulatory hurdles while liquidating their assets...
The GST Council deciding to impose a 28% tax on the turnover of online gaming, horse racing, and casinos on...
The European Union (EU) has a history of proactively framing laws governing emerging issues. The EU’s foreign subsidies regulation (FSR)...
The Nagpur bench of the Hon’ble Bombay High Court, in a recent case[1] was pleased to quash criminal proceedings initiated...
Aakanksha Joshi, Partner, Megha Agarwal, Associate Partner and Vinayak Sankaranarayanan, Advocate, Economic Laws Practice (ELP) have co-authored an article Green Credits and other attributes-...
On June 1, 2023[1], the European Parliament (EU Parliament) adopted its position on the proposed Corporate Sustainability Due Diligence Directive (“CSDDD”).[2] The European...
The Union Cabinet’s approval of the draft Digital Personal Data Protection Bill (DPDP Bill) on July 5, 2023, signifies an...
PV Ramana Murthy PhD, Head, Labour & Employment practice, Economic Laws Practice (ELP) has been quoted in an article, Is...
Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel
This report examines the regulatory environment of some of India’s key trading partners, with a view to identify existing and...
One of the hallmarks of reform is that it reduces or eliminates the long queue. Goods and Services Tax (GST)...
On June 2, 2023, the Central Government, in exercise of its powers under the Drugs and Cosmetics Act 1940, prohibited...
In the month of June 2023, several key changes to the administration of indirect tax laws through Notifications, Circulars etc....
Our Partner Heena Chheda has been quoted in an article, Supertech case: Buyers ask if builder’s arrest can help them get...
Income tax assessees will have to fill out a form to continue with the old income tax regime before the...
Certain heavy plate of non-alloy or other alloy steel
We are writing to you with an important update concerning the procedure to export certain UAV items falling under category...
The proposed merger of Air India & Vistara has flown into rough weather. It has attracted the glare of the...
In its latest story Can Go First take off once again? by Business Standard, Our Senior Counsel Mukesh Chand shares his insights...
Edtech unicorn Byju's suffered a twin blow where its auditor deloitte and three other directors have resigned, thereby adding to...
Preliminary results of antidumping duty administrative review 2021–2022.
We are writing to you with an important update concerning the GAEC.
We are happy to bring to you our latest Knowledge Series. This edition of the series covers a wide range...
Public shareholders will now have a say in the sale or disposal of undertaking by a listed company through slump...
SEBI has notified various amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) vide the Securities...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of N-Butyl Acrylate and...
A recent notification by the Ministry of Corporate Affairs said that companies that have entered into production or revenue-sharing contracts,...
India’s tech regulations are at an inflection point as the country plans to overhaul rules governing the Internet economy. A...
There is growing recognition of the link between trade and climate change. As Governments worldwide grapple with this pressing issue,...
The Insolvency and Bankruptcy Board of India (IBBI) proposes to stipulate a mandatory audit of insolvency resolution process costs (IRPC)...
CBAM Update: Draft Implementing Regulation Published Introduction On June 13, 2023, the European Commission published a first call for feedback...
In the month of May 2023, several key changes to the administration of indirect tax laws through Notifications, Circulars etc....
In the 3rd and final episode of the Trade Dialogue: CBAM series, Sanjay Notani and Parthsarathi Jha, Partners at Economic Laws Practice (ELP), engage...
Many people have reported that they receive calls even after being on the DND list. Furthermore, several unregistered telemarketers also...
Preliminary determination of injury by reason of imports of boltless steel shelving units from India, Malaysia, Thailand, Taiwan, Vietnam.
As income tax assessee will get 21 days to respond to notices issued by the Central Processing Centre (CPC) regarding...
The medical devices sector in India is growing in size and in importance. It's evolving regulatory regime is one to...
The Delhi High Court has recently held that decisions taken by regulators in the course of carrying out their regulatory...
We are writing to you with an important update regarding BIS certification for Steel product manufacturers and importers.
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various chemicals into...
The Securities and Exchange Board of India’s (SEBI) latest proposal on identifying ultimate beneficial ownership of offshore funds could impact...
In communication to the Retailers Association of India, the Ministry of Consumer Affairs has said that shopkeepers asking for personal...
In Episode 2 of Economic Laws Practice (ELP)'s CBAM series, The EU CBAM regulation- Economic and Policy Considerations for India,...
In an effort to increase transparency, SEBI has written a consultation paper wanting more disclosures from "high-risk foreign portfolio investors"....
According to the Food Service and Restaurant Business Service report 2022-23 by Francorp and restaurantindia.in, India’s food service market is...
The European Union approved its much talked about ‘carbon border adjustment mechanism’ last week. The measure which aims to create...
On May 29 2023, the Government of India issued Vivad se Vishwas II Scheme for settling contractual disputes where arbitral...
On May 29, 2023, the Government of India, vide Notice No. 8/2023 amended the ITC (HS), Schedule-I (Import Policy) to...
Ever since the budget included non-resident investors under the ambit of angel tax, start-ups and the investment community have been...
With the aim of facilitating better transparency and timely disclosures of material events and information by listed companies, the capital...
Bhimashankar Sahakari Sakkare Karkhane Niyamita v Walchandnagar Industries Ltd.[1] ‘No one told you when to run, you missed the starting...
Institution of a Five-Year Review to determine material injury due to revocation of the antidumping duty order.
Recently, the DGTR recommended a levy of safeguard measures in the form of quantitative restrictions on imports of Polyvinyl Chloride...
Dear Reader, We are pleased to share our latest Indirect Tax Newsletter which includes update on recent notifications/circulars along with...
In M/s. Siemens Factoring Pvt. Ltd. v. Future Enterprises Pvt. Ltd.[1] the issue of assignment of arbitration agreements arose. Although...
Abhishek Sanyal, Partner, Economic Laws Practice (ELP) has been quoted in an article, Overseas use of international credit card now part...
The Centre has streamlined the merger approval process for start-ups under the ‘fast track merger’ scheme introduced in 2016, now...
The only constant in life is ‘change’ which applies to tax and regulations as well. The emerging industries are not...
Timelines are a major factor in mergers & acquisitions, especially where third parties and courts are involved. Companies Act, 2013...
The government-backed Open Network for Digital Commerce (ONDC) could shake up the food delivery sector in India, giving tough competition...
The central government has time and again called out for the framing of policies on the rights and social security...
Banks are going slow in marking delinquent accounts as fraud, as they await clarity from the Supreme Court (SC) on...
The market regulator has asked trustees of alternative investment funds (AIFS) to share more information about fund participants, with concerns...
In the Indian insolvency and bankruptcy ecosystem, the common man as a stakeholder can now help modify the regulations and...
On certain occasions where India has put up quantitative restrictions (QR) to protect its domestic industry, it has faced criticism...
In April 2023, the Supreme Court of India reflected on the necessary extent of intervention and the intertwined duties of...
Notice of initiation of administrative review of the antidumping duty order on light-walled
With Go First approaching the National Company Law Tribunal (NCLT) for initiating insolvency proceedings, and also a Delaware court seeking...
The Petitioner is an Indian entity providing marketing and promotion services to overseas customers to facilitate the sale of goods...
India has recognized the risks attached to private virtual assets, therefore along with the G20 nations moved a step closer...
On April 18, 2023, the European Parliament formally approved the Carbon Border Adjustment Mechanism, if fully adopted, the CBAM will...
We hope this email finds you well. We are writing to you with an important update concerning Special Chemicals, Organisms, Materials,...
Although the title, inspired by a post-rock album[1], seems to suggest a critique of the decision of the Constitution Bench...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Lauric Acid, Acid...
Termination of anti-dumping investigation concerning imports of “Sulphur Black” originating in or exported from China PR. Final results of a...
A recent news article in the Financial Times reported that Ikea stores in Malaysia have severed ties with a labour...
We are pleased to share our latest Indirect Tax Newsletter which includes update on recent notifications along with detailed analysis...
India is planning to appeal against a ruling from a panel at the WTO that the country violated global trading...
Capital markets regulator SEBI announced a dispute resolution mechanism for Limited Purpose Clearing Corporation (LPCC) to settle disputes and claims...
We are pleased to share with you the latest edition of our Competition Law update where we cover some of...
The ruling of a World Trade Organization's panel on Indian communication technology tariffs can serve as a new ground for...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Styrene (Vinyl Benzene),...
State Bank of India recently filed a plea in SC seeking clarifications on the latter's verdict in relation to identifying...
SEBI has clarified norms for excusing or excluding investors in alternative investment funds (AIFs) from participating in certain investments. In...
On April 6, 2023, the Ministry of Electronics and IT (MEITY) created the Amendment IT Rules, 2023. It authorizes a...
The World Trade Organization’s Dispute Settlement Panels ruled on April 17th, 2023 that India’s import tariffs on certain information and...
Introduction It is an emerging trait in new-age contracts to include arbitration and/or mediation clauses hoping that the institution of...
The Government of India has on April 12, 2023 issued two Quality Control Orders for various Protective Textiles and GEO...
In the year 2020, SEBI had introduced template(s) for Private Placement Memorandum (PPM) for AIFs, in order to ascertain that...
The government, on March 31, 2023, came out with Foreign Trade Policy 2023 which seeks to boost the country's exports...
Several overlaps have emerged between current and proposed laws such as the upcoming Digital India Bill (DIB) which will replace...
India’s foreign trade policy, which came into effect on April 1, 2023, focuses on the facilitating use of rupee for...
On 27 July 2022, a three-judge bench of the Supreme Court in the case of Vijay Madanlal Choudhary vs Union...
Notice of finding that Commerce (Commerce) finds that revocation of the countervailing duty (CVD) order on certain cold-drawn mechanical tubing...
The significant changes under the Competition (Amendment) Bill, 2023 including the introduction of the deal value threshold, a settlements and...
The central government has made changes in the taxation of debt mutual funds while passing the ??????? ????, ???? in...
The momentum for making India a global aircraft leasing hub picked up in Union Budget 2023-24, passed by Parliament. The...
Whether the ‘Other Charges’ recovered by the Developer from customers ought to be treated as naturally bundled with main construction...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various chemicals into...
Hotels supplying accommodation service often supply incidental services to its resident guests, including restaurant services, transportation services, sight-seeing, concierge etc.
Under such agreements, the Owner appoints an Operator to provide the Hotel with the day-to-day operational assistance and other incidental...
With a wide variety of hospitality management agreements existing in the industry, a typical hospitality management arrangement is one where...
The mode of dispute resolution is generally prescribed in HMA.
Any person who hires or avails any service for consideration would be understood as a consumer.
Depending upon its size, the major cost component for hotels is land and the building
On March 31, 2023, India announced and notified its Foreign Trade Policy, 2023 (“FTP“). The new FTP has set its...
Determined that revocation of the anti-dumping duty orders on brass sheet and strip from France, Germany, Italy, and Japan would...
Expanding the Contours of the Doctrine of Lifting the Corporate Veil – An Examination of the Recent Judgment of the...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various chemicals into India.
India’s new FTP was announced on March 31, 2023 A few noteworthy factors of this policy in its new avatar...
In the context of right of creditors and right of borrower, the Supreme Court balances interest of parties under the...
Economic Laws Practice & Taxsutra are elated to present the 16th Edition of our GST Newsletter which encompasses significant events...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Safety Glass into...
Initiation of sunset review of anti-dumping duties on imports of Flat Base Steel Wheels from China PR.
The move to open up the Indian legal market to foreign law firms and lawyers has seen keen interest from...
India raised the transaction tax on certain equity derivative products, a move that may help reign in the frenzied activity...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Ethylene Glycol into...
Final Results of the expedited first sunset review of the antidumping duty orders recommending continuance of duties.
The land is the primary asset in the real estate industry. However, if the asset is kept unattended, it could...
The Bar Council of India (BCI) has allowed foreign law firms to practice international law in arbitration matters in India....
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various chemicals into...
Until now, cross-border transactions including M&As, fund raises from global investors, and Indian companies expanding overseas used the services of...
In a U-turn, the Bar Council of India (BCI) has allowed foreign lawyers and law firms to practice foreign law, international arbitration...
Dinesh Pednekar, Partner Economic Laws Practice (ELP) has been quoted in an article titled Non-Profit Organizations under PMLA now includes...
Vide this notification, the Explanation given under Notification No. 13/2017 dated 28.06.2017 in clause (h) has been expanded to include...
Determination that an industry in the United States is materially injured by reason of imports of Tin Mill products from...
Find out more – join our webinar Click here to register for our exclusive webinar on 21 March 2023 in collaboration with IQEQ,...
The Government of India recently made bold moves to tackle long-lasting issues of treaty abuse, curbing tax losses, and took...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various chemicals into...
The Deputy Chief Minister (Finance) of Maharashtra in his budget speech on 9th March 2023 made the following key proposals:
Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted by Rediff.com in their article titled 'NPS: Best For Retirement, Tax Saving'. He talks...
The National Company Law Appellate Tribunal has allowed another round of auction for the debt ridden Reliance Capital Ltd. thereby...
Anti-dumping duty and countervailing duty orders
We are pleased to share with you the latest edition of our Competition Law update where we cover some of...
The Central Board of Indirect Taxes (“CBIC”) has issued Circular No. 214/1/2023-Service Tax dated 28.02.2023 (“Circular”) clarifying the applicability of...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Cotton Bales into...
The setting up of Grievance Appellate Committees (GACs), which will be operational from March 1, 2023, will lead to a...
IBC is a dynamic and evolving law; therefore, it is critical to keep up pace with dynamics of judgements being...
Chair reports positive outlook for fisheries subsidies negotiations; four clusters of meeting to be held over the coming months.
Recently, the Hon’ble Finance Minister of India presented the Union Budget 2023-2024 wherein various amendments were proposed under GST. Amongst...
The March 31 deadline for making tax-saving investments for 2022-23 is approaching. One instrument that investors may consider both for retirement planning...
India’s financial regulator RBI is exploring option for allowing securitization of NPAs and has issued a consultative paper on various...
Bike taxis have hit yet another roadblock. The Delhi Transport department became the latest government body to put a stop...
PV Ramana Murthy PhD, Economic Laws Practice (ELP) has been quoted in an article titled Wipro: Expert decode the road ahead...
The latest article titled Real Estate Frauds, Delay In Flat Possession; Check These 5 Legal Things Before Buying A House published...
Economic Laws Practice (ELP)'s PV Ramana Murthy PhD has been quoted in an article titled March 3, 2023, is last...
Postponement of preliminary determinations in the less-than-fair value investigations
The 49th meeting of the GST Council was held on February 18th, 2023. Summarised below are the key recommendations made:
Harsh Shah, Partner & Ruchita Shah, Principal Associate, Economic Laws Practice (ELP) have written an article titled ‘Cut GST on...
In 2021, 27.6 million people were estimated to be engaged in forced labour across the globe.
Determination that Lucchini Mame Forge S.p.A. (Lucchini), a producer/exporter subject to this administrative review, made sales of forged steel fluid...
Recently, the Directorate General of Trade Remedies (DGTR) issued its final findings in two parallel trade remedial investigations recommending anti-dumping...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various Textile Products...
Section 25 of the Customs Act, 1962 (‘Customs Act’) empowers the Central Government to grant exemptions from the levy of...
The Karnataka High Court granted protection to the online retailer from ‘coercive measures’ until the next hearing on 24 February,...
We are pleased to share our latest edition of Indirect Tax Newsletter for the month of January 2023 which includes...
Economic Laws Practice (ELP)'s Partner Adarsh Somani has been quoted on 'GST Proposals Such As Restricting Credit On CSR Expenses & Those...
Online gaming has become a social lifeline and has a large community of people building connections. Although the concept of...
In the Union Budget 2023, Green Growth was one of the seven priorities mentioned by the Finance Minister. Substantial investments...
Institution of reviews to determine whether revocation of the countervailing duty orders and antidumping duty orders on CTL plate from...
Investor returns in real estate investment trusts (REITs) could be hit after the Budget proposed to tax the repayment of...
In the Union Budget 2023, the finance minister enhanced the tax on cigarettes by 16%. The tax levied on such...
Amidst the fear of slowdown and global recession due to the covid pandemic, the Union Budget 2023-24 was growth-oriented, tax-friendly,...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various Chemicals into...
Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted in an article titled 'I-T, TDS to cover cash ‘benefits’ published by The...
The Budget proposals provide that input tax credit under the Goods and Services Tax (GST) provisions, will not be available in...
News18 India has written an article titled 'Budget 2023, An ‘AI Opener’: Library to Agriculture, FM Sitharaman’s Push for ‘Digital India'...
In the Union Budget 2023, Hon'ble Finance Minister Nirmala Sitharaman announced measures for steel producers which led to the rise...
Business Standard has done a detailed report titled 'What does Budget 2023 have for the common man?' analyzing the Union Budget...
ELP’s budget buzz analyses the key impacts on the Alcobev sector. The Finance Bill 2023 proposes to amend Section 28(iv)...
We at ELP have been analyzing the budgets for over two decades now. Our endeavor has always been to study...
Our last Budget Buzz is on Changes in New Tax Regime for Individuals & HUFS. The Finance Bill 2023 has...
Our next Budget Buzz talks about proposed amendments in Input Tax Credit (ITC) under GST. The provisions relating to ITC...
The widely anticipated announcement on setting up of GST Appellate Tribunal finds a miss in the Union Budget 2023. Composition...
Our next Budget Buzz talks about proposal on TDS u/s 194R on advantage or perquisites allowed. The Budget 2023, proposed...
Make in India’ garnered support in form of various thematic fiscal and non-fiscal announcements as well as focus on both...
Our next Budget Buzz focusses on amendment to the appealability against trade remedial investigations. Section 125 of the Finance Bill...
The next Budget Buzz focuses on tax on winnings from online games. As one of the measures for 'rationalization and...
The Honorable Finance Minister has announced a number of measures for expanding the ambit of activities that can be undertaken...
In the next ELP's budget buzz series, we discuss the measures announced for the Gems & Jewellery sector in the...
Economic Laws Practice (ELP)’s Budget Buzz series is intended to provide key budget highlights in a simple and concise manner....
BQ Prime in its latest article titled “GST: Part-Payment of Tax can’t be pre-condition for bail, says Supreme Court” talks about...
In the Union Budget 2022, Finance Minister Nirmala Sitharam focused on the Gati Shakti National Master Plan and it is...
A common method of business re-organization is where an entity transfers its business vertical on a 'going concern' basis to...
In 2012, the Securities and Exchange Board of India (SEBI) introduced Alternative Investment Funds (AIFs) as a new class of...
KEY TRADE REMEDIAL UPDATES Subject countries Product Investigation Particulars USA (Department of Commerce/International Trade Commission/International Trade Administration) Japan and Romania...
India’s role in global trade experienced significant highs in 2022 compared to recent years, buoyed by a post-COVID recovery in...
Recently, Startups have been facing a funding crunch, and the governance lapses are resurfacing. Several start-ups are found embroiled in...
LiveMint has written an article titled 'PhonePe investors paid 8000 crores in taxes to make India it's home' where Economic Laws Practice...
As the Indian arbitration regime is consistently evolving, staying abreast with the developments can be challenging for litigants including those...
The latest article titled ‘Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?’ published by Business Today sheds...
In order to bring the entire world on a level playing field, the Organization for Economic Cooperation and Development (OECD)...
Termination of investigation pursuant to a negative final determination of sales at less than fair value in connection with the...
Recently, vide Circular No. 178/10/2022-GST dated August 03, 2022, it has been clarified by CBIC that GST is not leviable...
SEBI has notified significant changes to the LODR Regulations, which include following:
India is marking its footprint in the global economy. There has been a focused initiative towards ensuring India’s recognition on...
Pursuant to the 48th GST Council Meeting held on December 17, 2022, the Central Board of Indirect Taxes & Customs (CBIC)...
moneycontrol.com’s article ‘MC Explains: Will tweaks in insolvency law help homebuyers?’ sheds light on the proposed changes in the Insolvency...
Ministry of Electronics and Information Technology's proposal that will force content news items, identified as fake or false, by the...
Yashojit Mitra, Partner, Economic Laws Practice (ELP) has been quoted in an article by LiveMint titled 'GoMechanic auditors had raised red flags'. Yashojit discusses...
The Union Budget 2023 is two weeks away and one of the requests is that amendments to the buyback tax...
The Government of India maintains a list of SCOMET items i.e., dual-use items having the potential for both civil application...
Drawing from the results and experience of the resolution process of many listed companies under the provisions of the Insolvency...
Significant reforms in direct tax collection and management have occurred in recent years. However, dispute resolution remains a challenge for...
India is making her mark in the global economy. Towards this, there has also been a focused initiative towards ensuring...
In view of government schemes, India’s position in doing business has improved from 142 in 2014 to 63 in 2022....
Of late, there has been a burning dispute on whether SEBI can initiate fresh proceedings even though it has passed...
Determination that Tube Products of India, Ltd., a unit of Tube Investments of India Limited (collectively, TII) made sales of...
On January 12, 2023, European Union’s (EU) Foreign Subsidies Regulation (FSR) came into force. The main intent was to address...
The National Education Policy, 2020 (NEP) sets out India’s intent to be promoted as a destination for global study. The...
As per the latest notification by Income Tax Department, effective from January 5, 2023, all banks, financial institutions, and post...
We are pleased to share our latest edition of Indirect Tax Newsletter December 2022 which includes detailed analysis of recent...
We are writing to you with an important update regarding requirements applicable to imports of USB Type-C Cables, Connectors and Digital...
Institution of Five Year Reviews of Anti-dumping duty orders and countervailing duty orders on imports of Certain Cold-Drawn Mechanical Tubing...
The Bureau of Indian Standards has published the guidelines for online platforms that publish consumer reviews which could result in...
Globally, the crypto industry is still unravelling the collapse of FTX. While it prima facie appears to be a case...
Economic Laws Practice (ELP)’s partner Ritesh Kanodia has been quoted in an article titled ‘GST Clarity On Road Annuity Payments May Brew...
India will review rules to clarify how it will tax foreign companies that provide digital services such as internet advertising,...
As per the latest mandate by the Reserve Bank of India (RBI), the banks must sign a new bank locker...
Online gaming has become a social lifeline and has a large community of people building connections. This week, the Ministry...
Determination that circular welded non- alloy steel pipe (CWP) from the Republic of Korea (Korea) was sold at prices below...
Ever since the Goods and Services Tax has been introduced, discrepancies in the tax credit have been a point of...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Ethylene Glycol into...
Greater ESG compliance and investment in green energy projects by the private sector can help India achieve its low-emission development...
Pursuant to the 48th GST Council Meeting held on December 17, 2022, the Central Board of Indirect Taxes & Customs (CBIC)...
In the latest circular by the Central Board of Indirect Taxes & Customs (CBIC), an unregistered buyer (mostly an individual...
After a long period of economic stagnation and lockdowns, the real estate sector witnessed a significant boom in the current...
Preliminary Determination in the Administrative Review of Anti-dumping duty order on imports of Certain Cold-Drawn Mechanical Tubing of Carbon and...
As a result of the COVID-19 pandemic, the hospitality sector was one of the worst-hit sectors where many companies and...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Phthalic Anhydride, Toluene, Terephthalic...
In a first-of-its-kind action by local authorities, the civic body in Agra, Uttar Pradesh, has asked the Archaeological Survey of...
Children are often led by their curiosity to find answers, though sometimes, it also exposes them to content that is...
Economic Laws Practice (ELP)’s partner Harsh Shah has been quoted in an article in The Economic Times in relation to the refund of GST...
Some of the key recommendations of the Council vide the 48th GST Council Meeting held virtually on 17 November 2022, are as follows:
India has set itself an ambitious long-term goal of reaching net zero emissions by 2070. In August 2022, India updated...
Notice of Court Decision Not in Harmony With the Final Results in the Antidumping Duty Administrative Review; Notice of Amended...
On December 13, 2022, negotiators of the Council and the European Parliament reached an agreement of a provisional and conditional...
Continuation of countervailing duty orders on finished carbon steel flanges from India and the anti-dumping duty orders on finished carbon...
We are pleased to share our latest Indirect Tax Newsletter which includes detailed analysis on recent case laws/advance rulings on...
India’s regulatory regime in the corporate sector has been witnessing swift changes. With a view to increase inbound investments, increase...
ELP collaborates with Simmons & Simmons on The Clean Energy Tool. This Tool is a ready reckoner reliable legal and...
Digital lending is convenient since it can be accessed through mobile devices and has less paperwork and eligibility checks than...
USA (Department of Commerce/International Trade Commission/International Trade Administration)
With the objective of promoting innovative structures and attracting international players in International Financial Services Centres (IFSC), the International Financial...
The Government of India maintains a list of SCOMET items i.e., dual-use items having the potential for both civil application...
With the Finance Ministry notifying as many as 15 additional departments, ministries, and regulatory bodies, including CVC, the Directorate General...
USA (Department of Commerce/International Trade Commission/International Trade Administration)
Economic Laws Practice (ELP)’s partner Rahul Charkha has been quoted in an article by Bloomberg. The article discusses a recent decision of the...
In view of the recent Digital Personal Data Protection Bill, 2022 (DPDP Bill), the fourth iteration of India’s draft data...
The Ministry of Electronics and Information Technology (MeitY) on November 18, 2022, has released its much-awaited personal data protection bill, i.e., the...
In a major move, SEBI has decided to temporarily restrict Alternate Investment Funds (AIFs) schemes which have adopted priority distribution...
Preliminary Results of Administrative Review of the Anti-dumping Duty Order on imports of Common Alloy Aluminum Sheet from China.
In an important change for the AIF industry, SEBI has mandated that the assets and liabilities of each scheme of...
Post the introduction of GST in 2017, the implications for the real estate sector have been dynamic and have continuously...
SEBI has notified amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) vide the Securities and...
India is considered a leading hub for Business Process Outsourcing (BPO) with leading Indian and overseas IT giants already having...
At the heart of Customs law lies the quest to appropriately determine the pricing of goods sought to be imported...
In the latest move, SEBI has given a leg up to the institution of independent directors in corporate boards, introducing...
The world of the story and its characters have always been intriguing. With the recent wave of films, television series,...
With a view to streamline the disclosure requirements for material events and information under Regulation 30 of the SEBI (Listing...
IBBI has called for a behavioral change among the creditors and urged them to submit their Corporate Insolvency Resolution Plan...
Final Results of Administrative Review of Countervailing Duty Order on imports of Carbon and Alloy Steel Threaded Rod from China...
Economic Laws Practice (ELP)’s partner Naresh Thacker has been quoted in an article by Outlook Publishing (India) Pvt. Ltd. in relation to a current...
We are happy to bring to you Economic Laws Practice (ELP)’s latest Knowledge Series.
Since the inception of GST, provisions relating to inverted duty (ID) refund have been contentious. Recently, the formula for claiming...
Our Partners have been quoted in The Financial Express article titled 'Modest success for new settlement scheme'.
India’s digital trade potential The incentivization for digitization coupled with pandemic-imposed necessity for adoption of digital tools has led to...
Preliminary determination the sole mandatory respondent, Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S. (Habas), a producer and exporter of...
Economic Laws Practice (ELP) & Taxsutra are pleased to present the latest issue of their joint publication “Navigating GST -2.0”.
Determined that revocation of the antidumping duty and countervailing duty orders on imports of stainless steel sheet and strip from...
Dear Reader, We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain...
KEY TRADE REMEDIAL UPDATES Subject countries Product Investigation Particulars USA (Department of Commerce/International Trade Commission/International Trade Administration) China Certain Hardwood...
The Government, as the prime mover of the economic and financial system of the Country, has time and again taken...
India-UK free trade agreement: Diwali deadline no longer valid, negotiations still on
In our current update we have covered key enforcement and M&A matters in India including: CCI closing allegations of bid-rigging...
While we are seeing exciting times and growth in the real estate sector, we discuss a recent update that affects...
Historically, whenever legislation has sought to limit the deduction for the subject matter (goods or services) on which tax is...
Meity clears way for digital form of certain negotiable instruments and power of attorney (in favour of regulated bodies) and...
In a big policy shift RBI allows asset reconstruction companies to be resolution applicant under Insolvency and Bankruptcy Code, 2016
Final Results of Administrative Review of Antidumping Duty on imports of Carbon and Alloy Steel Wire Rod from Korea RP.
With the festive season upon us, the demand for gold and silver jewelry is likely to go up. To ensure...
The Hon’ble Finance Minister in her budget speech of 2022-23, ushered in a new era for Indian banking and set...
The Appellant had filed a Commercial Suit (No. COMS/1218/2019) before the Bombay High Court for recovery of outstanding amount from...
Notice of Covered Merchandise Referral and Initiation of Covered Merchandise Inquiry
The Insolvency and Bankruptcy Board of India has now allowed an Insolvency Professional Entity (IPE) to be registered as an...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain Chemicals into...
In continuation of the decision taken at SEBI board meeting dated June 29, 2022 (available here) to allow Foreign Portfolio...
In the first part of ELP’s three-part series on “Trade in Services & General Data Considerations”, we explore the intersection...
State Bank of India has filed an insolvency plea against Jaiprakash Associates, the construction company of Jaypee Group, for defaulting on...
This write up delves upon some of the deeper underlying aspects of ‘margin money’. It also discusses the effect of...
Moonlighting: No blanket ban in India though several laws frown upon it In light of recent events which drew attention...
Diffusion-Annealed, Nickel-Plated Flat-Rolled Steel Products
Corporate Social responsibility initiatives lift society along with the economy. To strengthen the narrative, the Ministry of Corporate Affairs (MCA)...
Losing documents can be a nightmare for anyone who owns the property, business, or anything which derives commercial value. In...
With the objective of providing wider and clearer regulation for companies complying with Corporate Social Responsibility
Introduction The status of an ‘Emergency Arbitrator’ and that of an ‘award’ passed by him has been a point in...
Owning gold and silver derives a value of heritage in this country . Hallmarking is now par for the course...
Petroleum products are outside the coverage of GST. Consequently, these products suffer non-creditable GST and other costs/taxes on their procurement...
The Insolvency and Bankruptcy Code, 2016 (IBC Code) was implemented against the backdrop of challenges faced by the Banking Sector...
Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel
With an intent to ease of doing business and reduce stiff compliances for the MSME sector, the Ministry of Corporate...
The Corporate Affairs Ministry (MCA) has relaxed the paid-up capital threshold for small companies, facilitating further Ease of Doing Business...
With the objective of providing relaxations to more companies in terms of reduced compliance requirements available to “small company” under...
Every party to an arbitration agreement seeking interim relief faces a choice right at the outset between approaching a court...
IBBI Bars Resolution Professionals from accepting or sharing fees with other professionals In an update by the Insolvency regulator, the...
In our August 2022 edition of The India Post, we analyze the following Legislative Update on Customs: The recent clarification...
Introduction On September 9, 2022, the Competition Commission of India (CCI) published its market study on competition and regulatory issues...
Determination that amorphous silica fabric with 70–90 percent silica content (70– 90 percent ASF) from the People’s Republic of China...
One of the most awaited decisions this year was pronounced in Vijay Madanlal Choudhary. The three-judge bench of the Supreme...
Dinesh Pednekar, Partner, Economic Laws Practice (ELP) Laws Practice has been quoted in The Economic Times article regarding the rules pertaining to...
Property buying can often be a messy and complicated affair. Therefore, it is imperative that one undertakes independent scrutiny of...
Globalization has redefined careers, especially with technology providing a diverse script for options. In this scenario, the concept of moonlighting...
The Corporate Affairs Ministry (MCA) has now empowered interim resolution professionals (IRPs), resolution professionals (RPs) and liquidators to file necessary...
Final Results of the Expedited First Sunset Review of the Antidumping Duty Orders on imports of Finished Carbon Steel Flanges...
Living whether independently or with family comes with its set of responsibilities. Do you live in a housing society where...
AN ARCHITECTURE FOR NET ZERO SUBMISSIONS We all are the stakeholders in climate change and with that intent, arises the...
Reliance Capital’s resolution has received tepid response as only four firms have made financial bids for the entire company, including...
By way of its two landmark judgments delivered on August 26, 2022, in the matter of CIRP/Liquidation of ABG Shipyard, the...
Issuance of Final Affirmative Countervailing Duty Determination notice of Certain Steel Nails from India.
Dear Reader, We hope this email finds you well. We are writing to you with an important update regarding mandatory registration...
GOVERNMENT REVAMPS OVERSEAS INVESTMENT RULES: ALLOWS INVESTMENT IN FINANCIAL SERVICES, DEFERRED PAYMENT OF CONSIDERATION & OTHER CHANGES With a view...
Banks continue to reel under disproportionately large “haircuts” with an average of Rs.69 going towards losses for every Rs.100 of...
The Supreme Court ruled that the 2016 amendment to the benami property law cannot be applied retrospectively, quashing all such...
BACKGROUND In an important development, International Financial Services Centres Authority (IFSCA) has issued the framework for undertaking ship leasing business...
Post Supreme Court ruling, all the criminal prosecution or confiscation proceedings initiated under the Benami Transaction Prohibition Act before October...
The Federation of Medical & Sales Representatives Association of India, or FMRAI, has moved the Supreme Court with a petition....
In a recent amendment, Ministry of Corporate Affairs (MCA) has inserted a new Rule 25B under the Companies (Incorporation) Rules,...
Crystalline Silicon Photovoltaic Cells, Whether or Not Assembled into Modules
In an FAQ session with moneycontrol.com, Heena Chheda, Partner at Economic Laws Practice (ELP) answers some of the frequently asked questions that homebuyers should...
Merely because an arrest can be made because it is lawful does not mandate that arrest must be made, notes...
Pursuant to the erstwhile SEBI (Venture Capital Funds) Regulations 1996 and the present SEBI (Alternative Investment Funds) Regulations, 2012, AIF/...
Industry was keenly awaiting the decisions of the 47th GST Council meeting which took place after a long six-month gap...
The Supreme Court of India has recently delivered a landmark decision, in the matter of Reliance Industries Limited v. Securities...
We hope this email finds you well. We are writing to you with an important update regarding mandatory registration requirements applicable...
USITC makes determination in Five-Year (Sunset) Review concerning Lemon Juice from Argentina
A recent decision in Union of India v Mohit Minerals Pvt. Ltd by a three-judge bench of the Indian Supreme...
The Tata Trusts are consulting legal experts to examine the possibility of including a clause in the trust deeds to...
We are happy to bring to you a new edition of ELP’s Infrastructure & Energy Digest. Our newsletter provides a...
In this decision, the Hon'ble Supreme Court of India has held a telecom service provider, whose telecommunication licenses had been...
ELP & Taxsutra are pleased to present the latest issue of our joint publication – “ Navigating GST -2.0”.
On August 3, 2022, the Department of Revenue, Ministry of Finance issued its clarificatory Circular No. 178/10/2022-GST which primarily addresses...
The Government of India has issued the much-awaited clarification (vide Circular No. 178/10/2022-GST dated 3rd August 2022) on what could...
Institution of Five-Year Review of the Anti-Dumping Duty Order on Imports of Cased Pencils from China
A much-litigated issue between the indirect tax department and businesses has received some clarity. The government has shared its view...
The Securities and Exchange Board of India (SEBI) has amended the SEBI (Intermediaries) Regulations, 2008 and replaced the words ‘designated...
The recent decision of Hon’ble Supreme Court in the matter of Filco Trade Center Pvt. Ltd settles the long-drawn dispute...
Has work from home comprised on honing the soft skills aspects of juniors? Today's article in the The Economic Times...
USITC Makes Determinations in Five-Year (Sunset) Reviews concerning Polyester Staple Fiber from South Korea and Taiwan
We hope this email finds you well. We are writing to you with an important update regarding mandatory registration requirements applicable...
No doubt, businesses and the Government have faced their respective set of challenges to adapt to the GST regime. Greater...
The Securities and Exchange Board of India (SEBI) has moved the Supreme Court against a stay order issued by the...
As the July 31 deadline for filing Income Tax Return approaches, less than 50 per cent of the returns have...
US ITC makes determinations in Five-Year (Sunset) Review Concerning Cold-Rolled Steel Flat Products From Brazil, China, India, Japan, Korea, and...
Essential ingredients of the notice invoking arbitration under Section 21 of the Arbitration & Conciliation Act, 1996 M/s D.P. Construction...
ELP’s Sujjain Talwar, has been quoted in an article co-authored by Maulik Vyas and Sachin Dave’s in today’s Economic Times....
The GST Council in June tweaked norms to impose a 5 percent tax on pre-packaged and labelled pulses, cereals, flour...
Economic Laws Practice (ELP)’s Partner, Ritesh Kanodia has shared his insights with BQ Prime on the recent decision of the Karnataka High Court upholding...
Introduction Several high-end technologies like AI-powered research tools, document review, conversational humanoids, self-drive cars, AI voice assistants, and sophisticated robots...
he Hon’ble Supreme Court of India (Hon’ble Court) has upheld the Hon’ble High Court of Kerala’s decision on the unconstitutionality...
Economic Laws Practice (ELP)'s, Direct Tax Partner Mitesh Jain has been quoted in the The Economic Times today. The focus of the article is...
Vide Indian Union Budget of 2022 a new tax regime has been introduced for taxing Virtual Digital Assets (“VDA”) in...
The 47th GST Council Meeting provided a sigh of relief on the issue of inverted duty structures. Our colleagues Harsh Shah and Ankita...
In the case, AD684 – Anti-dumping investigation concerning imports of ceramic tiles originating in India and Turkey, EC does not...
The ministry of corporate affairs has allowed companies whose AGMs are due in 2022 to conduct such meetings through video...
Argentine law provides for several types of legal entity through which business activities may be carried out in Argentina.
A company is an artificial jurisdictional person having a separate legal entity. It is incorporated and regulated by the provisions...
GUIDELINES ON MIS-LEADING ADVERTISEMENTS IN INDIA: MUCH NEEDED CLARITY ON DO’S AND DON’TS FOR ADVERTISEMENTS IN INDIA The Central Consumer...
The last date for filing an income tax return (ITR) for FY 2021-22 (AY 2022-23) is July 31, 2022. In...
USITC Makes Determinations in Five-Year (Sunset) Review Concerning Stainless Steel Plate from Belgium, South Africa, and Taiwan
As a result of the 47th meeting of the Goods and Services Tax Council concluded on June 29, a series...
Estate planning is essential to minimize any issues that may arise at a future date with regards to both,...
The 47th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman was held...
One of the perks of owning shares of any company is the dividends—the profit or surplus that is distributed among...
The culmination of the 47th GST Council Meeting, right at the cusp of the GST 5th anniversary saw re-organisation of rates of various goods and services...
The steel industry in India is globally competitive and has continued to see momentum despite the disruption caused by the...
KEY TRADE REMEDIAL UPDATES
Buying gold jewellery is set to become more expensive for consumers. This is because the government has hiked the import...
From July 1, a new TDS provision (Section 194R) is being introduced in the Income Tax Act with a view...
Insolvency regulator IBBI proposes to levy a ‘regulation fee’ of 0.25 per cent on the resolution value of corporate insolvency...
The 47th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman was held...
CCI has ordered a probe into Zomato and Swiggy on a complaint from NRAI – on these companies violating Section...
The SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations)
Preliminary Affirmative Determination of Sales at Less Than Fair Value, Postponement of Final Determination, and Extension of Provisional Measures
As leaders of various countries set aside their differences to sign a historic pact at the World Trade Organisation's 12th...
The Supreme Court-appointed court receiver, tasked with monitoring the completion of real estate company Amrapali’s stalled projects in Noida and...
The High Court of Bombay in Viraj Profiles v. The State of Maharashtra & Ors
RESIDENT INDIVIDUALS NOT PERMITTED TO INVEST IN BULLION DEPOSITORY RECEIPTS ON IIBX IN IFSC UNDER LRS ROUTE | NON-COMPLIANCE WITH...
WTO members secure unprecedented package of trade outcomes at MC12, including: – A Ministerial Declaration on the Emergency Response to...
Introduction The much-awaited 12th Ministerial Conference of the World Trade Organization took place from 12 to 16 June 2022, resulting...
Insolvency regulator IBBI proposes to revisit the policy of allowing only individuals to be registered as insolvency professionals. It now...
On the occasion of completion of five years of the GST reform on July 1, 2022 , Ritesh Kanodia, Partner at Economic Laws...
Corporate insolvency resolution process of stressed real estate developers could see an overhaul with the Insolvency and Bankruptcy Board of...
Recent years have witnessed a surge in the application of export controls in part driven by the continuing advances in...
In a recent judgment, the Apex Court dismissed the central government’s appeal challenging a Gujarat High Court ruling that termed...
Liberalization to the Export Control Policy Regulations concerning Global Authorization for Intra-Company Transfers Introduction In furtherance of the earlier policies...
In Shree Vishnu Constructions, the Supreme Court observed that the impugned judgement was passed by the High Court for the
The Centre has introduced a new window for name restoration of those independent directors who were removed from a databank...
DG Okonjo-Iweala urges members to seize the opportunity to deliver meaningful outcomes at the upcoming 12th Ministerial Conference (MC12) scheduled to...
In January, the Directorate General of Civil Aviation (DGCA) slapped a penalty of Rs 20 lakh on Kolkata's Netaji Subhas Chandra...
In a recent order passed by the Bombay High Court, the Honb’le court has held that a written agreement entered...
In a ruling that’ll impact multinationals deputing employees to their Indian affiliates, the Supreme Court has upheld the revenue department’s...
If the goods and services tax department has its way, branch offices should be paying their head offices for employee...
WTO members adopt two panel reports, (DS524) one concerning Mexico’s challenge to Costa Rica’s restrictions on imports of fresh avocados...
Courses offered by foreign universities/institutions notified as a “financial service”: Ministry of Finance has notified certain courses offered by foreign universities...
This document is intended to keep you updated on the latest legal, policy and regulatory developments in India. It is...
This is an update regarding mandatory registration requirements applicable to imports of certain Chemicals into India.
UDOC issues a final affirmative determination of Sales at Less-Than-Fair Value
At present, as per the Bureau of Indian Standard's (BIS) website, gold hallmarking is allowed for 6 purity categories. Thus,...
Recently, the Supreme Court, in an order which could bring relief to homebuyers whose real estate company is facing insolvency...
Kumar Visalaksh, Partner Economic Laws Practice (ELP), discusses the recent Supreme Court Ruling which held that recommendations of the GST Council...
WTO launches a new WTO data portal to provide easy access to key databases offering trade statistics and information on...
India’s online gaming industry is poised to take off like never before. Considered to be one of the future pillars...
Forensic auditors are now seeking protection against litigation cases, as promoters and managements of companies facing allegations of fraud are...
On 18 February 2022, India and the United Arab Emirates (UAE) signed the India-United Arab Emirates Comprehensive Economic Partnership Agreement (“CEPA”),...
The Supreme Court judgment scrapping Integrated Goods & Services Tax (IGST) on ocean freight will bring lot of relief for...
The Supreme Court in its landmark ruling in the case of UOI vs. Mohit Minerals Pvt. Ltd. [C.A. No. 1390...
DISCRETION TO GRANT INTEREST AVAILABLE WITH THE ARBITRAL TRIBUNAL ONLY IN ABSENCE OF AGREEMENT TO THE CONTRARY: SUPREME COURT INTERPRETS...
Increase in population density in major cities led to increase in Floor Space Index (FSI) and this coupled with advancement...
WTO members welcome Quad (European Union, India, South Africa and the United States) document as basis for text-based negotiations on...
The Central Board of Direct Taxes (CBDT) said in a notification on May 10 to mandatorily quote either PAN or...
The Central Board of Direct Taxes (CBDT) has extended the requirement of Permanent Account Number (PAN), for more transactions as...
The government has made quoting of PAN or Aadhaar number mandatory if the cash deposits and withdrawals in a financial...
Naresh Thacker, Partner and Samarth Saxena, Associate at Economic Laws Practice (ELP) have co-authored an article for Financial Express (India) titled ‘A Problem of Unrealised...
India raises concerns at the WTO over a host of trade barriers built in by Indonesia, including export restrictions on...
Supreme Court: An application under Section 11(6) of the Arbitration Act would lie before the ‘High Court’ which exercises supervisory...
In what is seen as a relief for India Inc that is faced with pandemic-induced compliance hardships, the Corporate Affairs...
Transfer and issuance of securities by companies to comply with foreign exchange laws | India Inc. gets extension to hold...
In a bid to enhance India’s cyber security and crypto infrastructure, the Indian Computer Emergency Response Team (CERT-in) has mandated...
ELP & Taxsutra are pleased to present the latest issue of our joint publication – “ Navigating GST -2.0”.
Economic Laws Practice (ELP)'s Babu Sivaprakasam has been quoted in today's The Economic Times in an article which discusses the issue of a high...
Dear Reader Economic Laws Practice (ELP) has published it’s second edition (Volume II) of The India Post, a monthly Customs and...
Aditya Khadria, Partner at Economic Laws Practice (ELP) has been quoted in an article on Money Control – “Property papers...
On April 13, 2022, a WTO Panel issued its report in the dispute Costa Rica — Measures Concerning the Importation of...
Aditya Khadria, Partner, Economic Laws Practice (ELP) has authored an article for moneycontrol.com titled ‘Purchasing a residential property? Be aware of these things’. Rahul Veera,...
In a significant verdict, the Supreme Court ruled that the daughters of a male Hindu, dying intestate, would be entitled...
In an important development for the fund industry, the International Financial Services Centre Authority (IFSCA) has notified the IFSCA (Fund...
Ola Electric customer Balwant Singh has objected to use of his e-scooter telemetry data in the EV manufacturer’s press statement...
In a recent decision, the Hon’ble High Court of Gauhati (High Court) reaffirmed that the investigating
Seeking to expand the taxpayer base, the government has widened the scope for filing returns even if a person’s income...
ETMasterclass is coming up with a Workshop on Private Equity Deals and Funding on April 29, 2022. Yashojit Mitra, Partner at Economic Laws Practice...
Nishant Shah, Partner, Economic Laws Practice (ELP) has been invited by The Gem and Jewellery Export Promotion Council (India) to speak on the webinar...
Earlier this month, India and Australia signed a landmark bilateral trade pact called the Economic Cooperation and Trade Agreement (ECTA)...
American Bar Association is hosting it’s ILS Annual Conference from April 26, 2022-April 29, 2022. Panels of leading experts will address...
Amendments to Foreign Exchange Management (Non-debt Instruments) Rules, 2019: The Ministry of Finance has amended the Foreign Exchange Management (Non-debt...
In the recent Union Budget, a clutch of changes in the reassessment regime were announced. These changes have come into...
The India-UAE Comprehensive Economic Partnership Agreement (CEPA) is the first major agreement that India has signed in over a decade.[1]...
India has crossed the ambitious target of USD 400 billion in merchandise exports for the financial year 2021-22. The sharp...
Start-ups will now get five more years to convert convertible notes into equity shares. This is one of various changes...
After a long hiatus, India has begun to engage with trade pacts. In 2022, India has concluded a Comprehensive Economic...
On April 08, 2022, the Competition Commission of India (CCI), in exercise of the powers conferred on it under Section...
Insolvency regulator IBBI proposed to strengthen the information provided by information utilities (IUs) so as to speed up the admission...
The Russian attack on Ukraine has resulted in a series of economic sanctions imposed by allies of the North Atlantic...
The income tax department has reportedly slapped an over Rs 500 crore tax demand from big global funds, including private equity and venture...
Between 2016 and 2022, IndiGo, which commands a domestic market share of over 50 percent, has seen four people take...
In a significant decision, the Corporate Affairs Ministry (MCA) has said that companies need not make available certain personal information...
As per the Hindu Succession Act, if a Hindu Male dies intestate (i.e. without having a will), then class- I...
On April 2, 2022, India, and Australia signed the India-Australia Economic Cooperation and Trade Agreement (ECTA).
Economic Laws Practice (ELP) brings to you, Volume II of the Manual of Key Judicial Pronouncements from the AlcoBev Sector,...
This is an update regarding mandatory registration requirements applicable to imports of certain Chemicals into India.
What is the role of the owner and the operator whilst managing employees
What are the tax implications on various incidental/ ancillary services provided by hotels
What are the common types of operation agreements.
In the event disputes have arisen from a Hotel Management Agreement (HMA), are the disputes referred to arbitration or litigation...
Who is a “consumer” for the purposes of a hotel/ hospitality services? Who is excluded from such scope?
In most of the cases cost overruns and completion delays are caused due to
On March 31, 2022, the Competition Commission of India (CCI), in exercise of the powers conferred on it under Section...
In one of the first and most recent invocations of the judgment of the Hon’ble Supreme Court in T. Takano...
Pursuant to the recent decision of the Supreme Court in the case of Vijay Kumar Ghai & Ors. v. The...
With the objective of providing a smooth implementation of the amended Regulation 23 of the SEBI (Listing Obligations and Disclosure...
Whether an industry employing about 8000 workers which has been set up pursuant to consent to establish and consent to...
On February 18, 2022, India, and the United Arab Emirates (UAE) signed the India-United Arab Emirates Comprehensive Economic Partnership Agreement...
This update is regarding the recently notified Legal Metrology (Packaged Commodities) Amendment Rules, 2022
Pursuant to its previous circulars, SEBI has specified guidelines in respect of the following
CCI finds suppliers of Axle Bearings guilty of cartelization
In a move to make the process of open offers and buy-back offers more efficient and investor-friendly, SEBI has released...
Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both...
Economic Laws Practice (ELP)’s Yashojit Mitra, Partner Corporate & Commercial was sought for his views on corporate governance by Business Today. This...
Revised procedure for seeking SEBI approval for change in control of sponsor/manager of AIF involving NCLT | Flexibility to Category...
As per the Arbitration and Conciliation Act, 1996 (Act), when a person is approached with a potential appointment as an...
The Finance Minister of India, Nirmala Sitharaman, during her announcement of India’s Union Budget 2022, introduced specific proposals to tax...
The final part of this three-part comprehensive series on the legal framework governing BIS license, discusses in detail the procedures...
The cryptocurrency industry kicked off with the popularisation of Bitcoin around the year 2008. The crypto landscape has exponentially grown...
Naresh Thacker, Partner at Economic Laws Practice (ELP) and Amar Dave, Counsel have co-authored an article for Taxsutra, tiled ‘Decoding the Constitutional Provisions...
The Ministry of Corporate Affairs (MCA), vide gazette notifications dated 16 March 2022, has extended by 5 more years:
The newly enacted Arbitration and Conciliation (Amendment) Act, 2021 is the fourth change made in the Indian arbitration regime in...
In a pro-business move, the Centre has extended by 5 more years the validity of an existing exemption available to...
As Russia’s invasion of Ukraine continues, the international legal community has condemned Vladimir Putin’s regime not just with words, but...
Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both...
In 1991, when the Indian economy opened up, it was applauded as a new dawn. A breakaway from the infamous...
Dear Reader We at Economic Laws Practice (ELP) are pleased to announce the first edition (Volume I) of The...
After formally launching negotiations on the India-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) in September 2021
In the case of HDFC Bank, the lender was allowed to function its other services, but Paytm Payments Bank has...
Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both...
Amidst the State elections in Punjab, the Government has cut down power bills by INR 3 per unit for domestic...
In Part I of ELP’s three-part series relating to product quality standard regulations applicable in India (BIS Standards), the overall...
Indian drug manufacturers who have signed up with the Russian sovereign fund RDIF to manufacture the Sputnik vaccine are in...
Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both...
India has set an ambitious target of manufacturing 5 million tons of green hydrogen by 2030. The launch of the...
Amongst the few clear defenses available to a private party aggrieved by a Government renegading on its promise, the doctrine...
The first of Economic Laws Practices’ three part-series on quality standards lays out an overview of the regulatory environment governing...
The Russia – Ukraine conflict has predictably triggered swift and significant reactive measures from across the globe. While these sanctions...
Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both...
The Supreme Court of India has recently held in the matter of T. Takano v. Securities and Exchange Board of...
ELP’s Alert gives an insight into the latest Guidelines issued by ASCI on advertising ‘Virtual Digital Assets’. It also looks...
Sanjay Notani, Senior Partner at Economic Laws Practice (ELP) has co-authored an article with Tetyana Payosova and Joanna Redelbach, Senior...
We are pleased to share our latest iteration of ELP's knowledge Series
ssues concerning the structural quality and safety of homebuyers have impacted people across the country. Against this backdrop, Aditya Khadria, Partner...
Economic Laws Practice (ELP) has been quoted by Business Standard in their article titled ‘Appoint two-three key people as life policy's nominees, say...
On 22 August 1997, an Implementation Agreement (IA) was executed between UHL Power Company Ltd. (UHL) and State of Himachal...
The year 2021 was an eventful one for global trade, with the world economy still struggling to bounce back from...
In this month’s newsletter, we have analyzed key announcements for the infrastructure sector in this year’s budget and their consequent...
The Corporate Affairs Ministry (MCA) has come out with a detailed framework for adjudication of penalties under the Limited Liability...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The difference between ‘reasons’ and ‘finding’ - defining scope of Court’s interference under Section 34(4) of the Arbitration and Conciliation...
One of the most anticipated amendments in India’s Union Budget of 2022–23 has been the retrospective overriding of the Supreme...
The Reserve Bank of India (RBI) has enhanced the maximum amount of e-RUPI prepaid digital vouchers from Rs. 10,000 currently...
In an important development in the IFSC region, with a view to develop the framework for investment funds, the International...
While the travel, tourism and hospitality trade associations have expressed their disappointment in the Union Budget presented by the Finance...
The National Newspaper recently published an article on Amazon’s legal woes in India. ELP’s Yashojit Mitra has been quoted in...
Rahul Charkha, Partner at Economic Laws Practice (ELP) has been quoted by The Times Of India in an article titled ‘Simpler tax regime to...
The Financial Express (India) published an article y on : Budget Speech 2022: ‘Will FM Nirmala Sitharaman address Cryptocurrency regulation...
Given low returns from bank fixed deposits and other savings schemes, a lot of investors are lured towards risky assets...
Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted by The Financial Express (India) in their article titled ‘Income...
Mitesh Chauhan, partner, Economic Laws Practice (ELP) has been quoted by Business Standard in their article titled ‘Budget 2022: MF...
Mitesh Jain, partner, Economic Laws Practice (ELP) has been quoted by The Financial Express in their article titled ‘Union Budget 2022 disappoints majority of...
Sujjain Talwar, Co-Founding Partner, Economic Laws Practice (ELP) has been quoted by Financial Express Online in their article titled ‘Working...
Darshan Bora, partner, Economic Laws Practice (ELP) has been quoted in Business Today in their article titled ‘Can the 'source...
Vivek Baj, Partner and Nikita Brahmankar, Senior Associate at Economic Laws Practice (ELP) have co-authored an article titled ‘Unravelling the...
The Budget Proposals announced by the Hon’ble Finance Minister include several amendments proposed in the Customs Act, 1962 (‘Customs Act’),...
In the last couple of years, the government has been rationalizing the rates of corporate tax, slashing them to 15%...
The Modi government has spooked industry by placing a gag on the publication of unverified export and import transactions. The...
Given below are some key news updates from the past week
Amidst the Amazon-Future Coupons deal, independent directors of Future Retail wrote to CCI requesting it to revoke the approval it...
India has seen an unprecedented growth in the number of crypto investors as Bitcoin skyrocketed to an all-time high. On...
Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted in Business Insider India in their article titled ‘A tax...
The pharmaceutical industry is a strategic one that contributes strategically to India’s growth story. Globally, India ranks third in terms...
The Finance Minister has announced that the Special Economic Zones Act, 2005 (SEZ Act) will be replaced with a new...
The Finance Minister, in her budget speech has proclaimed the beginning of the next phase - “Ease of Doing Business...
Section 10(4E) of the Income-tax Act, 1961 (IT Act) provides for tax exemption on income accruing or arising to or...
Recently there were certain media reports on the Government’s scrutiny of virtual digital assets, questioning its very existence from a...
The Finance Bill 2022 has clarified that tax shall include and deemed to have always included any surcharge or cess,...
In recent years, start-ups and the e-commerce industry in India have grown at a rapid pace. The Government has also...
Union Budget 2022, the 10th budget presented by PM Narendra Modi’s government was anticipated to be a ‘Growth Budget’
Budget 2022 has placed special emphasis on the growth of Indian gems and jewellery sector and certain key changes
The Finance Bill, 2022 has sought to overcome the ruling of the Supreme Court in the case of Canon India...
Ever since the announcement of National Capital Goods Policy, 2016, Government has taken a slew of measures to increase
Kumar Visalaksh, Partner and Arihant Tater, Senior Associate at Economic Laws Practice (ELP) have co-authored an article titled ‘No retrospective amendments please!’. With...
Mitesh Chauhan, Partner Sumeet Agrawal, Principal Associate of Economic Laws Practice (ELP) have co-authored an article titled ‘Budget wish list...
Many companies are currently facing an investigation from the Directorate of Revenue of Intelligence (“DRI”) for non-payment of Social Welfare...
In this week’s update, we analyze the decision of the Supreme Court in Intercontinental Hotels Group (India) Private Limited &...
Dear Reader We at ELP have been analyzing the budgets for two decades now. Our endeavor has always been to...
Given below are some key news updates from the past week
Dear Reader: Further to the introduction of Special Situation Funds (SSF), a sub-category under Category I AIF, which shall...
Asset monetization in the infrastructure space will be a highlight for the sector in the upcoming budget.
With the upcoming Budget, Indians living abroad are looking for more clarity on the legal definition of non-resident Indians and...
Dear Reader SEBI has recently introduced the following significant changes: A. SEBI introduces Special Situation Funds (SSFs) for investment in...
The annual Union Budget is a significant event for businesses in India as it sets the tone for Government policies...
Anti-dumping measures are part of a defensive toolkit used by members of the World Trade Organization (WTO) to protect their...
The scheme of scrutiny assessment under Income Tax witnessed a paradigm shift with the introduction of faceless assessment...
In just over three decades of the world wide web’s existence, over half of the world is now online; with...
Sujjain Talwar, Co-Founding Partner, Economic Laws Practice has been quoted in the News18...
Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including..
In a recent article by Business Standard , ELP’s Ashish Prasad discusses the legal
ELP’s Yashojit Mitra (Partner, Corporate & Commercial Team) has been extensively quoted in
Nishant Shah, Partner, Economic Laws Practice has been quoted in the Telegraph on an article which underpins the need...
Given below are some key news updates from the past week...
The present appeal was preferred by Ellora Paper Mills Ltd. (Ellora) against the judgement of the Madhya Pradesh High Court...
The Ministry of Corporate Affairs (MCA) has notified certain important changes in relation to payment of additional fees for delay...
Sections 73 and 74 of the Central Goods and Services Tax Act, 2017 (‘CGST Act’) contain
Following significant changes have been recently introduced
Given below are some key news updates from the past week pertaining to
The increasing popularity of cryptocurrencies has sparked several debates around the world on their legality and efficacy.
In Tata Capital Housing Finance Ltd v Shri Chand Construction and Apartment Private Limited, the Delhi High Court has held that unilateral...
Given below are some key news updates from the past week pertaining to international trade and customs
The Securities and Exchange Board of India (SEBI) has announced tighter rules for companies raising capital from the markets, anchor...
The Securities and Exchange Board of India (SEBI) has approved crucial changes to IPO’s in India. These include restricting the...
Given below are some key news updates from the past week
The purchase and sale of power in India have long been dominated by power purchase agreements (PPAs) that state-owned distribution...
In this month’s newsletter, we at Economic Laws Practice (ELP) have examined the decision of the Appellate Tribunal for Electricity setting aside...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including: ...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Harsh Shah, Partner, Economic Laws Practice (ELP) has been quoted by Times Property in their article titled ‘Demonetisation five years...
Dear Reader, The Income-tax Appellate Tribunal, Mumbai in its recent ruling held that the gift of brand to the corpus...
Naresh Thacker, Partner, Litigation, Arbitration And Dispute Resolution and Ria Dalwan, Associate at Economic Laws Practice (ELP) have co-authored an...
Babu Sivaprakasam, Senior Partner, Economic Laws Practice (ELP) has been
Given below are some key news updates from the past week
SEBI has issued changes and clarifications to the regulatory framework in respect of the following: Disclosure obligations of listed entities...
This week, we bring to you our analysis of the Supreme Court’s judgment in Gujarat State Disaster Management Authority v....
Over the last few years, companies in the construction sector have been hit by cash flow concerns. While these companies...
On October 8, 2021, a landmark deal was reached amongst over 130 countries where the broad contours of Two Pillar...
An increasing trend is quite visible where working professionals are pledging or giving away chunks of their wealth for philanthropy...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Dear Reader In this week’s arbitration update, Economic Laws Practice (ELP)’s dispute resolution team analyzes an interesting issue pertaining to...
Dear Reader The Competition Commission of India (CCI) on November 18, 2021 released its report on “Market Study on...
Open access is envisaged as one of the corner-stones of the Electricity Act, 2003 (Electricity Act).
Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both...
Dear Reader Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues...
SEBI amended the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations 2018”)...
Dear Reader The attached update contains a snapshot of the key developments in India’s trade defence actions in 2021 thus...
ELP’s update today is on the recently notified Legal Metrology (Packaged Commodities) Amendment Rules, 2021. The government of India has...
Dear Reader, In this month’s newsletter, we have examined the order of the Supreme Court regarding jurisdiction of regulatory bodies...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) issued a statement on a
Certain regulatory changes to the framework for related party transactions (RPTs) and co-investment by investors of Alternative Investment Funds (AIFs)...
Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both
We are pleased to share with you the latest edition of our Competition Law update, where we cover some of...
The rage for non-fungible tokens (NFTs) has taken India’s entertainment and social media industry by storm with a host of...
Dear Reader Given below are some key news updates from the past week pertaining to international trade and customs both...
Dear Readers, On 27 October 2021, the Ministry of Finance, Government of India, incorporated new Anti-Absorption (AA) Rules into existing...
Dear Reader, We hope this email finds you well. We are writing to you with an important update regarding mandatory...
Dear Reader, For this week’s update, we analyze the Hon’ble Supreme Court’s decision in Garg Builders v. Bharat Heavy Electricals...
Economic Laws Practice (ELP)'s, Harsh Shah (Partner) and Ruchita Shah
Given below are some key news updates from the past week pertaining to international trade
Real estate developers have reached out to the government for clarity and concessions on the issue of double GST
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Economic Laws Practice (ELP) & Taxsutra in their monthly Newsletter titled ‘Navigating GST 2.0’ give a comprehensive analysis of :...
Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including- Commercial...
In this week’s update, we analyze the decision of the Supreme Court in DLF Home Developers Limited v. Rajpura Homes...
SEBI has approved measures to make mergers and acquisitions of listed companies easier and allow the establishment of gold and...
SEBI has eased the delisting framework, which is seen as a move to boosting merger and acquisition (M&A) activity in...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
For this week’s update, we analyze the Delhi High Court’s (Court) judgement in Steel Authority of India Limited v. Tata...
Set against the backdrop of one of the most difficult periods in the hospitality sector, ELP’s booklet is an attempt...
ELP’s Abhay Joshi (Partner) & Tanaya Sethi (Principal Associate) have been invited by Competition Policy International to author an article on ‘ How Should the...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain Chemicals into...
ELP’s Babu Sivaprakasam, Aditya Khadria and Rahul Veera in their article for Business World discuss the regulatory changes in the...
Abhay Joshi (Partner), Sahil Khanna (Senior Associate)and Ketki Agarwal (Associate) from ELP recently authored an article on ‘Importance of Disclosures...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Per Section 8(1) of Goods and Services Tax (Compensation to States) Act, 2017, the GST Compensation cess was expected to...
ELP’s Adarsh Somani (Partner) has been quoted by News18 in their article titled ‘GST Meet on Friday: Petrol, Zomato, Swiggy,...
ELP’s Aakanksha Joshi’s article titled “A new pipeline for infrastructure” has been published in HBL. The article talks about how...
‘India Update – Part 2 of 2021’ is the latest addition to the ELP Knowledge Series. This document is intended...
Economic Laws Practice (ELP)’s Aakanksha Joshi (Partner) and Megha Agarwal (Principal Associate) in their article titled ‘Guest Data – Right to be forgotten’
Long-term capital loss on sale of shares purchased at a premium held to be genuine
Hon’ble Supreme Court inter alia held that the challenge to Rule 89(5) of the Central Goods and Service Tax Rules,...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Dhrupad Vaghani has been quoted in The Hindu Business Line in their article on ‘IBC @ 5 plays savior to...
Economic Laws Practice (ELP)’s Sanjay Notani and Naghm Ghei in their article ‘EU’s “Carbon Border Tax”: Implications for WTO & Developing Countries’ on ET Edge...
ELP’s Partner Adarsh Somani speaks of the PLI the scheme for textiles and how by design the scheme does not...
Economic Laws Practice (ELP)’s Adarsh Somani has been quoted in Business Standard in its article on ‘Union Cabinet approves Rs...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
SEBI had recently introduced the concept of accredited investors (AIs) in the securities market, and accordingly, carried out certain changes...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
MCA has issued a comprehensive set of seventy two (72) FAQs in supersession of its earlier FAQs and has also...
The US Food and Drug Administration (USFDA) has given full approval to the Pfizer-BioNTech Covid-19 vaccine for people aged
In Gemini Bay Transaction Pvt. Ltd. v. Integrated Sales Services Ltd. & Anr. the Supreme Court of India (SC) dealt...
With the view to boost foreign investments in the insurance sector, the Ministry of Finance (MoF) has notified changes..
Addressing the question of whether an order passed by an emergency arbitrator is enforceable under the Arbitration and Conciliation Act...
Economic Laws Practice (ELP)’s Partner, Rohit Jain has been quoted in Moneycontrol article on the RoDTEP scheme.
Rohit Jain and Gourav Sogani, Partners at Economic Laws Practice (ELP) have been quoted in Business Line (aka The Hindu...
Rohit Jain, Senior Partner, Economic Laws Practice (ELP) has been quoted in Business Standard article on the much-awaited guidelines and...
Rohit Jain, Senior Partner, Economic Laws Practice (ELP) has been quoted in today's moneycontrol.com article on the RoDTEP Scheme announced by the...
The much-awaited rates for Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme under Chapter 4 of the Foreign...
Economic Laws Practice (ELP) Partner, Abhishek Sanyal has been quoted in LiveMint in an article on Bombay HC’s interim order on IT Rules, which has...
Economic Laws Practice (ELP)’s Rohit Jain has been extensively quoted in today’s The Economic Times in an article “Auto sector fears higher GST rate...
Consequent to COVID-2019 pandemic, the Central Government announced a nationwide lockdown in March 2020. The same caused considerable disruption in...
Nishant Shah, Partner, Economic Laws Practice (ELP) & Kazim Rizvi, Founder, The Dialogue have authored an article
Economic Laws Practice (ELP)'s Nishant Shah has been quoted in LiveMint in an article on the ‘Country of Origin’ issues...
In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet approved a scheme to provide INR 1,624 crores...
RBI has proposed rationalisation of overseas investment regulations under Foreign Exchange Management Act, 1999 (FEMA), and has released following draft...
Taxpayer was issued a notice under Section 142(1) of the Income-tax Act (IT Act), to which the petitioner replied and...
Economic Laws Practice (ELP)’s Sujjain Talwar and Aakanksha Joshi have co-authored a chapter on Representations, Warranties, Indemnities and Insurance in...
Section9 of the Arbitration and Conciliation Act 1996 (her einafter Arbitration Act), is a necessary provision
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Withdrawal of retrospective amendment in relation to indirect transfer, not to apply to transactions before May 28, 2012: Taxation Laws...
When GST was introduced in 2017, an area of taxation which failed to be addressed was the taxability of intra-entity...
In Odisha State Road Transport Corporation v. ARSS Bus Terminal Pvt. Ltd.1 , the Respondent was able to secure a...
In a series of announcements, India’s key regulators have introduced the following changes
The Directorate General of Trade Remedies (DGTR) on July 29, 2021 issued multiple Trade Notices amending the existing questionnaire formats...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The issue concerns the interpretation of the proviso to Order 7 Rule 11 Civil Procedure Code, 1908 (CPC) i.e. once...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
We bring to you an important Banking & Finance update. There has been a significant judgement (Judgement) by the Hon’ble...
The CCI approves the Reliance Retail and Future Group Transaction
Recently, the Supreme Court considered whether the power of a court under Section 34 of the Arbitration and Conciliation Act,...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
We write to you with an important update on Bureau of Indian Standards (BIS) certification in India
Aakanksha Joshi, Partner and Megha Agarwal, Principal Associate in their article with HospitalityBiz India online discuss
Acknowledging the difficulties faced by enterprises, the Competition Commission of India (CCI) has issued a notification dated July 1, 2021...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
With a significant shift in global trends towards a stakeholder-centric governance structure, investors are recognizing the importance of assimilating non-financial...
In their article for Jindal Global Law School's (JGLS) inaugural blog, Stella Joseph and Yash K Desai discuss income tax...
With sustainable and impact investing gaining traction, ESG is picking up pace as an important tool for investors to identify...
In the present set of cases, the Hon’ble Supreme Court (SC) determined two important questions with respect to arbitration proceedings...
The Department of Heavy Industry (DHI) vide its notification dated June 11, 2021 has partially modified the Scheme for Faster...
In their article for Moneycontrol, ELP’s Kumar Visalaksh and Arihant Tater discuss India’s recent decision to be part of the...
The recent CESTAT Bangalore ruling in ICICI Econet and Internet Technology Fund [TS-290-CESTAT-2021-ST] that ‘carried interest’ - which is a...
During her budget speech earlier this year, the Finance Minister, Mrs. Nirmala Sitharaman, had announced that a further review of...
Economic Laws Practice ’s Kumar Visalaksh has been quoted by Express Pharma in their article
The solar sector has been beset with challenges over the last few years, especially with respect to withdrawn or quashed...
The following changes/proposals have been made by SEBI, MCA and the International Financial Services Centres Authority (IFSCA)
The Consumer Protection (E-commerce) Rules, 2020 (E-comm Rules) were notified in July 2020 with the aim to accommodate and regulate...
The taxpayer, a resident company had invested in two overseas subsidiaries in Netherlands and Brazil to further its business. These...
In KLA Const. Technologies Pvt. Ltd. v. The Embassy of Islamic Republic of Afghanistan and Matrix Global Pvt. Ltd. v....
In Board of Control for Cricket in India v. Deccan Chronicle Holdings Ltd.1 , the Bombay High Court(“Hon’ble High Court”)...
ELP’s Sujjain Talwar (Senior Partner) and Megha Agarwal (Principal Associate) have authored an article on for ET Hospitality
SEBI revises regulatory framework for Independent Directors | Introduces concept of well informed investors - accredited investors | Introduces various...
In a move to facilitate investments in International Financial Service Centre (IFSC) and attract foreign funds to relocate and set...
Digital/e-commerce players are facing scrutiny from multiple regulatory check-points in India, a trend which is mirroring the global current in...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
SEBI attempts to ease M&A involving open offer and delisting | AIF norms for investments by an AIF into other...
In another breather to the industry in transacting matters MCA has allowed holding of extraordinary general meetings (EGMs) vide video...
The Dialogue and Economic Laws Practice released a white paper titled “Taxation of the Digitalized Economy..
ELP has been invited by OCR is pleased to invite you for its ‘First Annual Mid-Year Global Trade Review’ webinar...
ELP in partnership with IVCA is pleased to invite you for its upcoming webinar on “The IFSC Framework – How...
Economic Laws Practice (ELP)'s Sujjain Talwar, Co-founding Partner and Megha Agarwal,
Economic Laws Practice (ELP)’s Aakanksha Joshi, Partner and Megha Agarwal, Principal Associate
Merchandise Exports from India Scheme (MEIS) which was floated under the Foreign Trade Policy
Economic Laws Practice (ELP)’s Naresh Thacker, Partner and Rajashree Ram, Principal Associate in their article
Constitutional validity of section 13(8)(b) and section 8(2) of Integrated Goods and Services Tax Act, 2017 dealing with place of...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The Reserve Bank of India (RBI) vides its Press Release No. 2021-2022/319 dated June 04, 2021, released a statement setting...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In an important move and as a relief to the industry in transacting matters, MCA has allowed certain restricted board...
The emergence of new technologies and its application in a variety of systems has led to challenges with respect to...
SEBI has notified the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, on June 10, 2021...
The Madras High Court has set aside an assessment order passed under the Faceless Assessment Scheme on the grounds that...
National Bank for Financing Infrastructure and Development receives assent of the President of India
In order to make Gujarat International Finance Tec-City (GIFT), India's first International Financial Services Centre (IFSC), a global financial hub
The World Customs Organization (WCO) adopted the 7th Edition of Harmonized System (HS 2022) in June 2019 and accepted it...
Economic Laws Practice (ELP)’s Adarsh Somani, Partner and Mohammad Asif Mansoory, Associate Director in their
The issue of classification of parts and accessories has always been a bone of contention which has plagued a plethora...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Exemption from IGST on import of COVID related goods such as medical oxygen, oxygen concentrators and other oxygen storage.
Economic Laws Practice (ELP)’s Sanjay Notani, Partner, Abhishek Sanyal, Partner and Naghm Ghei, Senior Associate have authored an article on...
Economic Laws Practice (ELP)’s Sanjay Notani, Partner, Abhishek Sanyal, Partner and Daryl Menezes, Associate have authored an article on ‘Sale...
There has always been a lingering controversy on whether the Building and Other Construction Workers’ Welfare Cess (BOCWW Cess) will...
Determination of value is a crucial factor in the judicious levying of indirect taxes. One such aspect is interest/penalty/late fee...
In order to offer greater flexibility to SEBI registered Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) in overseas...
Air India, Vistara and other Indian airlines have suffered after authorities in Italy and Hong Kong found COVID-19 cases among...
Blurb for landing page – It is well-settled that charging provisions of tax statutes are to be interpreted in a...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In a move to streamline the regulatory framework dealing with issuance and listing of debt securities and non-convertible preference shares,
In a move to streamline the regulatory framework dealing with issuance and listing of debt securities and non-convertible preference shares,
Circa 1872, the Privy Council in ‘General Manager of the Raja Durbhunga’ observes that the tribulations of a litigant in...
The constitutionality of various rules issued under the Karnataka Excise Act,1965 were challenged. The issues raised before the Hon’ble Supreme...
In a major move towards growing India’s bullion trading market, SEBI has issued a consultation paper proposing framework for a...
In the infrastructure sector or the construction industry, the responsibility of bearing taxes, duties, levies and cesses is generally thrust...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
A perpetual subject of dispute under the Indian tax laws, has been the classification of goods. Ranging from the age...
The taxpayer, a non-resident holding a British passport had sold 25% shareholding in a private limited company. The deductor at...
The Petitioner is a trader in raw rubber sheets. In the course of the business, the Petitioner purchased goods from...
Government has announced PLI Scheme for 13 Target Sectors, including High Efficiency Solar Photo Voltic (PV) Modules.PLI Scheme for Solar...
SEBI has announced slew of measures in the context of corporate governance norms, boosting the start-up ecosystem and Innovators Growth...
As you are aware, SEBI has recently introduced new sustainability reporting requirements including environment, social and governance (ESG) parameters under...
Bonded warehouse is a facility wherein imported goods are stored under customs control in a designated place/ warehouse. Customs duty...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
MCA has clarified that spending of corporate social responsibility (CSR) funds for the following activities will be eligible CSR activities...
Gap between two board meetings extended under the Companies Act, 2013 (CA2013) Relaxation of provisions relating to the payment of...
Certain important changes have been notified by SEBI related to the mutual fund industry. Additionally, SEBI has also provided relaxations...
In India’s 2021 budget, Finance Minister Nirmala Sitharaman proposed merging the four acts that presently govern capital markets and securities,...
In GST, National Anti-profiteering Authority (NAA) has an innocuous mandate – to ensure that businesses pass on the benefit of...
The Knowledge Series covers many developments over the recent past which will have an impact on companies doing business in/with...
In continuation of its earlier MCA General Circular dated March 23, 2020 which clarified that spending of corporate social responsibility...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain products into...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Each PLI Scheme specifies conditions and qualifying criterion for eligibility. Qualifying parameters across notified PLI Schemes are similar, with threshold...
Challenging circumstances have unfolded in the wake of the Covid-19 pandemic. Although there are echoes in plagues and the spread...
On January 20, 2021, the Competition Commission of India (CCI) approved the proposed acquisition by Flipkart Investments Private Limited (Flipkart)...
SUPREME COURT APPOINTS ARBITRATOR AND REFUSES TO ENTERTAIN OBJECTIONS OF NOVATION OF AGREEMENT STATING THAT THOSE ARE MATTERS FOR AN...
The Government of India has on 15th and 16th April 2021 notified proposed Quality Control Orders for certain products.
The use of sub-contracting or co-contracting is typically a part of the strategy of most complex projects, especially in the...
The Authority for Advance Ruling (‘AAR’) under the service tax regime, in case of a Global Investment Banking company, while...
Section 9 of the Arbitration and Conciliation Act 1996 (hereinafter Arbitration Act), is a necessary provision, permitting a party to...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
SUPREME COURT: REFUSAL TO SET ASIDE AN ARBITRAL AWARD SINCE DELAY HAS NOT BEEN CONDONED UNDER SECTION 34 (3) WOULD...
The taxpayer, a non-resident holding a British passport had sold 25% shareholding in a private limited company. The deductor at...
Nortel Networks India Pvt. Ltd. (Nortel) undertook certain works for Bharat Sanchar Nigam Ltd. (BSNL) under a purchase order. On...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Public Procurement to provide for Purchase Preference in respect of Renewable Energy Sector.
In order to further enhance the ambit of qualified buyers under the Securitisation and Reconstruction of Financial Assets and Enforcement...
Recently, the Hon’ble Supreme Court of India has, in the matter of P. Mohanraj & Ors. Vs M/s. Shah Brothers Ispat...
Finance Act 2021- A Glimpse into the Future of Indirect Tax Disputes
The Panel in Colombia — Frozen Fries (DS591) does not expect to issue its final report to the parties before...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Certain important changes have been introduced in relation to the Companies Act, 2013 and the Foreign Exchange Management Act, 1999,...
Due to the outbreak of Covid-19 pandemic, litigants across the country faced grave difficulties in filing their petitions, applications, suits,...
Companies will also have to disclose their relationship with struck-off firms and the details of title deeds of immovable property...
MUMBAI: Small shareholders can have a representation on the board of the investee company but not minority shareholders, ruled the..
Vide the Companies (Accounts) Amendment Rules, 2021, dated March 24, 2021 (available here), for the financial year commencing on or...
The Panel in European Union – Safeguard Measures on Certain Steel Products (DS595) does not expect to issue its final...
MCA has carried out major amendments related to reporting and disclosures of information by companies under the Companies Act,2013
A Special Leave Petition was filed by Praveen Electricals Pvt. Ltd. (PEPL), against Galaxy Infra Engineering Pvt. Ltd,(Galaxy), before the...
The Ministry of Finance has opened-up another avenue for investments by Non-Government Provident Funds, Superannuation Funds and Gratuity Funds.
Return of income (ROI) filed by the taxpayer, a tax resident of Canada, for Assessment Year (AY) 2012-13 was selected...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The taxpayer is a resident Indian end-user of shrink-wrapped computer software. The taxpayer directly imported shrink-wrapped software from USA.
MCA has notified the revised form for annual return (MGT-7) and has also introduced the abridged form of annual return...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In order to strengthen the institution of independent directors (IDs) and enhance their effectiveness in protection of the interest of...
SEBI has issued a consultation paper introducing the concept of Accredited Investors...
Given below are some key news updates from the past week pertaining to international trade and customs....
The Memorandum to Finance Bill, 2021 (Bill) states that....
The securities market regulator, SEBI, has recently issued a Circular....
Snowballing role of trustees in mutual fund....
Hospitality Biz India is the first hospitality news portal in India to provide quality....
Return of income (ROI) filed by the taxpayer, a tax resident of Canada....
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Zee Business - GST Ka Janjal: ELP Partner Gopal Mundhra on Liquidated Damages.
In a major move which will impact LLPs and its partners, MCA has announced the applicability of following mentioned provisions...
The GST regime came as a solo performer in the Indian world of varied range of indirect taxes. While there...
On January 16, 2021, the Ministry of Railways introduced a new iron-ore policy (Iron-ore Policy) governing allocation of rakes and...
MCA has notified the classes of companies which will not be considered as listed companies for the purposes of the...
Nigeria’s Ngozi Okonjo-Iweala becomes the first woman and first African to head the WTO.
To enable companies to close the rights offer in a shorter period and to expedite this process, Section 62(1)(a) of...
IN India, the annual finance budget is not merely a statement of income and expenditure of Central Government, rather it...
New Law on Re-assessment – Critical to Define “Information"
India is at last putting its money where her mouth is. At Aero India 2021, Raksha Mantri (RM) Rajnath Singh...
The Government of India had constituted an expert committee under the chairmanship of Dr. Jamshed J. Irani to inter alia...
The multiplicity of taxes in India has historically created hindrance in smooth compliance procedure. In order to follow the objective...
Extraordinary times call for extraordinary measures. Batting on a sticky wicket in the aftermath of COVID, the Hon'ble Finance Minister...
This post has been authored by Mr. Naresh Thacker and Mr. Samarth Saxena, Partner and Associate at Economic Laws Practice....
The depreciation on goodwill is always an essential element in calculating post-tax return of an acquisition proposal and would severely...
BUDGET 2021 was well received amongst the business fraternity with its focus on growth and fiscal expansion while simultaneously maintain the...
Exports play a significant role in any economy, with its direct influence on the level of economic growth, employment and...
Demystifying the Budget for Exporters
In the western world, some of the more successful families have reached third or fourth generations in business. Asia holds...
THE Union Budget 2021 renewed its commitment to the government's vision of 'Aatmanirbhar Bharat'. The budget has fostered this theme through its...
In 2014, the Government of India launched an ambitious program of regulatory reforms aimed at ease of doing business in...
Budget 2021-22 will perhaps stand out for its boldness in focusing on reforms aimed at simplifying the administrative
The two T’s of cross border i.e. tension and trade, are best addressed with a clear policy. Well the good...
Budget 2022 was historic in many ways as mentioned by the Finance Minister at the start of her speech given...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In 2010, Haryana Space Application Centre (Appellant No. 1) invited Requests for Proposal for modernization of land records.
On January 16, 2021, the Ministry of Railways introduced a new iron-ore policy (Iron-ore Policy) governing allocation of rakes and...
ELP’s Partners Rohit Jain and Nishant Shah, along with Senior Counsel, Vikram Nankani & Former CESTAT Member, RK Singh present...
An agricultural infrastructure cess of 100% has been proposed on alcoholic beverages in this year’s Union Budget . In an...
Indian share markets cheered the Union Budget which zoomed over 4 per cent after the FM Nirmala Sitharaman concluded her...
Rohit Jain, Partner, Economic Laws Practice (ELP), has been quoted in Tax World reacts to Indirect Tax/GST proposals in Budget...
Harsh Shah, Partner, Economic Laws Practice (ELP), has been quoted in Tax World reacts to Indirect Tax/GST proposals in Budget...
Nishant Shah, Partner, Economic Laws Practice (ELP) Laws Practice has been quoted by Taxsutra in their Union Budget 2021 analysis.
Harsh Shah, Partner, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.
Rahul Charkha, Associate Director, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.
Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.
Get a quick byte on overview of the Budget2021 with Rohit Jain, Partner, Economic Laws Practice (ELP). He shares about the status...
Union budget 2021: In the last couple of years, the Government has been rationalising the rates of corporate tax, slashing...
The Ministry of Corporate Affairs (MCA) and the Department for Promotion of Industry and Internal Trade (DPIIT), have introduced certain...
We at ELP have been analyzing the budgets for two decades now and the record will reflect that more often...
With the Finance Minister holding a Made in India Tablet in a red case instead of the conventional briefcase or...
In her Union Budget speech, the Finance Minister was intent on positioning India as a global manufacturing hub calling manufacturers...
Direct tax proposals announced in the budget have been largely towards simplification, ease of doing business and digitization of tax...
The Finance Bill 2021 has proposed that good will of a business or profession will not be considered as a...
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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:
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)
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...
News Update Postponement of GST provisions relating to Reverse Charge, TDS and TCS The GST Implementation Committee (GIC) has decided...
Department of Defence, Ministry of Defence, India has notified a revised Standard Operating Procedure (SOP) for the issue of Authorisation...
The New Delhi International Arbitration Centre Bill, 2018 (“Bill”) (attached herewith) has been introduced in the Lok Sabha for establishing...
In our email alert last week, we had talked of the New Delhi International Arbitration Centre Bill, 2018 that has...
There is a lot of uncertainty with respect to the applicability of the amended provisions of the Arbitration and Conciliation...
The National Company Law Appellate Tribunal (“ NCLAT”), vide an order dated February 28, 2018 in the case of State...
We had earlier examined the Supreme Court’s decision in Inox Wind Ltd. v. Thermocables Ltd. (‘Inox Wind’). The SC had...
In an important ruling by National Company Law Appellate Tribunal (“NCLAT”) in the case of State Bank of India vs...
The Insolvency and Bankruptcy Board of India (“IBBI”) has signed a memorandum of understanding (“MoU”) on 12 March 2018 with...
At the recently concluded 11th World Trade Organization (“WTO”) Ministerial Conference, WTO members were unable to agree on how to...
In this week’s alert we update our readers on what has been a significant fortnight for the law of arbitration...
The National Company Law Tribunal, Kolkata Bench (“NCLT”) in the case of Punjab National Bank vs Divya Jyoti Sponge Iron...
Recently, the Supreme Court in the case of Maxopp Investment Ltd. v. CIT has upheld that the provisions of Section...
This update focuses on the Supreme Court’s ruling in Shafhi Mohammad v. State of Himachal Pradesh[1], and the decision of...
‘India Update – Part 1 of 2018” is the latest addition to the ELP Knowledge Series. This document is intended...
MUMBAI: Some of India Inc's biggest consolidation deals - aimed at retiring debt or hiving off bleeding business units -...
This week, we have analyzed the Bombay High Court’s judgment in Do-It Computer JV v. The Municipal Corporation of Greater...
We are delighted to invite you to attend an upcoming event on developments in Dispute Resolution in India, jointly hosted...
In this week’s alert we update our readers on what has been a significant fortnight for the law of arbitration...
At the recently concluded 11th World Trade Organization (“WTO”) Ministerial Conference, WTO members were unable to agree on how to...
Data surrounds us and is generated in virtually everything we do. Data is generated during our everyday activities- whether it...