elp-knowledge-series

Thought Leadership

News & Media Tax

You can discard tax returns if your ITR status is ‘unverified’

5 Dec 2023

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'”...

Alerts & Updates International Trade

Trade Update – December 4, 2023

4 Dec 2023

Preliminary determination of sales at less than fair value from India, extension of provisional measures and postponement of final determination.

News & Media Policy & Regulation

Prohibiting ‘dark patterns’ a win for consumer protection post-guidelines

4 Dec 2023

Companies in India offering goods and services online may have to rethink their user interface and marketing strategies after the...

Newsletters Tax

Indirect Tax Newsletter – October 2023

30 Nov 2023

In the month of October 2023, several key changes in respect of the Indirect tax laws through amendments, notifications, circulars...

Events, Webcasts & Podcast Investment Funds

ELP Podcast Series- Funds Series- Investor’s Consent

1 Dec 2023

SEBI’s AIF Regulations and the IFSCA’s Fund Management Regulations require the investment manager to obtain the consent of investors in...

Publications Securities Laws & Capital Markets

SAT emphasizes on need for fair procedure to levy penalties by exchange

30 Nov 2023

The Hon'ble Securities Appellate Tribunal ("SAT") passed an order on November 06, 2023, in the matter of Choice Equity Broking...

News & Media Tax

The GST Council’s power on classification of products

30 Nov 2023

In a recent ruling, Madras High Court held that the GST council’s role, particularly with respect to classification of a...

Publications Securities Laws & Capital Markets

A Compliance Officer Doesn’t Need Prying Eyes

30 Nov 2023

In a recent ruling, the Hon’ble SAT has absolved a company and its compliance officer for wrongful disclosure made to...

News & Media Tax

What GST Scrutiny on delivery partner fees means for Zomato & Swiggy

29 Nov 2023

Economic Laws Practice (ELP) 's Partner Darshan Bora shares his insights with Charu Singh from BQ Prime in the article...

News & Media Litigation, Arbitration & Dispute Resolution

When can a legal heir challenge a will as per Indian succession laws

29 Nov 2023

A legal heir challenges the validity of a will when he/she is dissatisfied with the distribution of assets made in...

Publications Policy & Regulation

Delhi High Court Judgment in Bharat Serums – a relief to Drug Manufacturers

29 Nov 2023

Introduction The Hon'ble Delhi High Court, recently, in the matter of Union of India v. Bharat Serums and Vaccines Limited...

News & Media Policy & Regulation

Dark Patterns: Guidelines to prescribe penalties for erring digital businesses

28 Nov 2023

The government is set to specify penalties for e-commerce companies misleading consumers into making unintended decisions, as it tightens regulations...

Alerts & Updates International Trade

Trade Update – November 27, 2023

27 Nov 2023

WTO Committee on Rules of Origin report highlights committee work on preferential rules of origin for least developed countries. Committee...

News & Media Policy & Regulation

Proposed NPC Bill to promote innovation & research in pharmacy: Experts

27 Nov 2023

The proposed National Pharmacy Commission Bill, 2023 will give a fillip to research with the inclusion of latest technological advancements,...

News & Media Policy & Regulation

Quality Quagmire. Why drugmakers are dialing C for current good manufacturing practices

26 Nov 2023

Recently, two Indian companies have come in for observations from the US Food and Drug Administration (FDA) on their non-adherence...

News & Media Tax

Several mergers and acquisitions on halt as India Inc checks tax liabilities amid increasing GST notices

22 Nov 2023

With over 20,000 notices issued by the goods & and services tax (GST) department since 2022, India Inc is now...

Publications Policy & Regulation

Air Pollution: Where Did the Supreme Court Order on Firecrackers Fall Short?

13 Nov 2023

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...

News & Media Banking & Finance

Landmark Ruling of the Supreme Court on Personal Guarantors under IBC will shape the Future of Lender-Creditor Dynamics

24 Nov 2023

In instances involving substantial values, specifically those with admitted claims surpassing INR 1000 crores, the aggregate admitted claims amounted to...

Events, Webcasts & Podcast Policy & Regulation

CII-ELP Conference on the European Union’s Carbon Border Adjustment Mechanism

24 Nov 2023

On October 1, 2023, the European Union brought into effect the initial phase of the world’s first Carbon Border Adjustment...

Alerts & Updates Policy & Regulation

Climate Quotient – September – October 2023

23 Nov 2023

COP28, the annual conference of UN members for climate change negotiations, will witness the conclusion of the first ever “global...

Alerts & Updates Tax

The India Post – November 2023

23 Nov 2023

ELP’s India Post is  concise update on recent groundbreaking tax judgments delivered by the Hon'ble Supreme Court of India. These...

Events, Webcasts & Podcast Investment Funds

ELP Podcast Series- Funds Series- The Term of a Fund

21 Nov 2023

We are delighted to present to you the next episode of “ELP Podcast Series- Funds Series- The Term of a...

News & Media Tax

GST net widens for real estate firms

21 Nov 2023

The Directorate General of GST Intelligence (DGGI) is understood to be sending notices to various real estate companies, demanding that...

News & Media Tax

Delhi HC quashes reassessment orders for AY 2016-17, 2017-18 having tax escapement below 50 lakh

21 Nov 2023

The Delhi High Court has termed the Central Board of Direct Taxes’ (CBDT) theory of “travel back in time” for...

Alerts & Updates International Trade

TradeWatch – 20th November 2023

20 Nov 2023

Final results of administrative review determining no dumping and no shipments.

News & Media Policy & Regulation

The GOI’s recent anti-piracy push tackling theatrical piracy is surely a step in the right direction. One thing it fails to include however is live broadcasting and OTT platforms.

17 Nov 2023

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...

News & Media Projects, Infrastructure & Energy

A Well-Intended Law May Be Behind Delhi’s Toxic Air In Winters. Should It Be Scrapped?

16 Nov 2023

As Delhi and the region around it again breathes toxic air this winter, a petition in the Supreme Court brought...

Newsletters International Trade

Trade Update – November 13, 2023

13 Nov 2023

Final results of administrative review determining continued dumping and determination of no shipments.

News & Media Corporate & Commercial

Direct listing on foreign exchanges: What does it mean for Indian companies?

6 Nov 2023

ELP's Manendra Singh discusses the implications of the Indian government's recent announcement permitting certain Indian companies to directly list on select foreign...

News & Media Competition Law & Policy

Could Proposed India Competition Rules Usher New Era Of Antitrust Regulation?

5 Nov 2023

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...

News & Media Tax

E-way bill generation surges to all-time high of 10.03 cr in Oct

6 Nov 2023

E-way bill generation in October has crossed 10 crore for the first time since its introduction. This could be a reflection...

News & Media Banking & Finance

IBBI Proposes Reforms For Efficient Corporate Resolution: All You Need To Know ADVERTISEMENT IBBI Proposes Reforms For Efficient Corporate Resolution: All You Need To Know

4 Nov 2023

BQ Prime has published an article on key changes proposed by the IBBI to streamline the corporate resolution process. Reforms include:...

Events, Webcasts & Podcast Investment Funds

ELP Podcast Series- Funds Series- Investment Funds & Fund Regulations

8 Nov 2023

We are happy to announce the launch of a new podcast series on Investment Funds & Fund Regulations. In this podcast...

Newsletters Competition Law & Policy

ELP – Quarterly Update – Competition Law & Policy Newsletter – Q3 of 2023

8 Nov 2023

On 23 August 2023, the Competition Commission of India (CCI) closed an..

Alerts & Updates International Trade

Trade Update – November 6, 2023

6 Nov 2023

Recission of CVD administrative review due to lack of reviewable suspended entries.

News & Media Banking & Finance

How can an NRI open a RBI retail direct account to invest in government bonds and T-bills?

2 Nov 2023

Our Senior Counsel Mukesh Chand talks about the investment by NRI retail investors in the latest article “How can an...

News & Media Banking & Finance

Lenders fear taxmen will eat into recovery pie

2 Nov 2023

Banks are staring at a reduced scope of recovery from bankrupt and insolvent borrowers as a Supreme Court order has...

News & Media Real Estate

Is there a deadline to challenge the will?

1 Nov 2023

Legal heirs can dispute the distribution of assets mentioned in a will. But the grounds to challenge a will become...

News & Media Corporate & Commercial

Direct listing abroad: Centre enforces key company law provision

1 Nov 2023

Ministry of Corporate Affairs specified through a notification that October 30 would be the day on which the concerned 2020...

Alerts & Updates Corporate & Commercial

Direct listing outside India – Government sets into motion the relevant provisions

1 Nov 2023

In a much awaited and an important move, the Government has notified Section 5 of the Companies (Amendment) Act, 2020,...

News & Media Tax

What is agricultural income, different types of agricultural income?

31 Oct 2023

Agricultural income is exempted from tax under the Income-tax Act, 1961. It is important to note that income from allied...

News & Media Corporate & Commercial

SEBI turns up heat on unregistered influencers giving tips on social media

30 Oct 2023

India’s legion of financial influencers are once again under the spotlight as the country’s market regulator ramps up action against...

News & Media Tax

Centre notifies 18 % GST on corporate guarantees

30 Oct 2023

The Central Board of Indirect Taxes and Customs (CBIC) has said that Goods and Services Tax (GST) will apply to...

Alerts & Updates Corporate & Commercial

MCA mandates dematerialisation of shares for private companies amongst other changes

30 Oct 2023

The Ministry of Corporate Affairs (MCA) has amended certain rules under the Companies Act, 2013 (CA2013). Key changes introduced by...

Alerts & Updates International Trade

Trade Update – October 30, 2023

30 Oct 2023

Notification of final findings in sunset review recommending continuation of anti-dumping duties.

News & Media Data Protection

The data dilemma: Companies find India’s privacy law a tricky maze to traverse

16 Oct 2023

India’s first privacy legislation, the Digital Personal Data Protection (DPDP) Act 2023 was supposed to have a transformative effect on the...

News & Media Real Estate

Can a legal heir who is also a witness challenge the will?

17 Oct 2023

The Indian Succession Act, 1925, does not bar legal heirs from becoming a witness to a will (except in the...

News & Media Competition Law & Policy

CCI Introduces ‘Leniency Plus’ Regime: A Game Changer In Cartel Crackdown?

20 Oct 2023

The Competition Commission of India has published a draft of updated regulations for reduced penalties. These new rules include implementing...

News & Media Banking & Finance

Why are banks and financial services firms in RBI’s line of fire?

20 Oct 2023

The Reserve Bank of India's decision to ban the Bank of Baroda state-owned lender from onboarding new customers on its...

News & Media Corporate & Commercial

Why are millionaires deserting India?

16 Jun 2023

India is projected to see a net outflow of 6,500 high net-worth individuals (HNIs) in 2023, indicates the latest Henley's...

News & Media Tax

Denial Of Tax Benefits Under French, Swiss, Dutch Treaties: A Showcase Of Bad Faith?

25 Oct 2023

Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted in an article “Denial Of Tax Benefits Under French, Swiss,...

Publications Banking & Finance

Supreme Court affirms non applicability of the Doctrine of Election under the Insolvency and Bankruptcy Code, 2016

25 Oct 2023

The Supreme Court of India recently addressed the issue of the applicability of the doctrine of "election" under the Insolvency...

Alerts & Updates Tax

SC rules on interpretation of tax treaty – notification mandatory for MFN clause to apply

24 Oct 2023

The Supreme Court (SC) in the recent ruling in the matter of Nestle SA has examined the most favoured nation...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Chemical Products

23 Oct 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Lauric Acid,  Acid Oil,  Palm...

Alerts & Updates International Trade

Trade Update – October 23, 2023

23 Oct 2023

Notice of final results of antidumping duty changed circumstances review.

Publications Tax

LIBOR Transition in India Should Prompt Businesses to Prepare

18 Oct 2023

The ICE Benchmark Administration completely ceased the publication of interest rate benchmark LIBOR. This necessitates the replacement of LIBOR with...

Newsletters BIS In India

BIS newsletter – September Edition

16 Oct 2023

In the September edition of our BIS Newsletter, we delve into the Indian recent initiatives at enhancing quality control measures,...

News & Media Policy & Regulation

Are Indian family businesses serious about governance?

16 Oct 2023

The latest feature of Business Standard, Are Indian family businesses serious about governance? uncovers to what extent the large family-led...

Alerts & Updates International Trade

Trade Update – October 16, 2023

16 Oct 2023

Notification of final determination of covered merchandise inquiry.

News & Media Litigation, Arbitration & Dispute Resolution

Arbitration Law: What needs to change?

10 Oct 2023

According to a recent ruling from the Calcutta High Court, India is in need of arbitration reforms. In theory, it...

Alerts & Updates BIS In India

BIS Update: Enforcement of Mandatory Certification for GEO Textile Products

12 Oct 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various GEO Textile...

News & Media Policy & Regulation

Are policy like Byju’s media gag enforceable?

10 Oct 2023

Our Partner Shailesh Poria talks to Business Standard in its latest story "Are policy like Byju's media gag enforceable?" which...

Newsletters Tax

Indirect Tax Newsletter – September 2023

11 Oct 2023

In the month of September 2023, several key changes in respect of the Indirect tax laws through amendments, notifications, circulars...

Newsletters Policy & Regulation

What Are Dark Patterns And How The Government Plans To Curb Them?

9 Oct 2023

The government has released draft guidelines for dark patterns or tricky design tricks used in digital or online interfaces. Dark...

Alerts & Updates International Trade

Trade Update – October 9, 2023

9 Oct 2023

News & Media Tax

How treasury bills returns are calculated, taxed: Learn this to maximise gain from current higher yields

9 Oct 2023

Treasury bills (T-bills) are short-term debt instruments issued by the Reserve Bank of India (RBI) on behalf of the government...

Events, Webcasts & Podcast Tax

ELP Podcast Series- GST on Employee Stock Options (ESOPs)

9 Oct 2023

Amongst start-ups as well as other companies, the popularity of ESOPs as a mode of employee compensation has only been...

Alerts & Updates BIS In India

BIS Update on new QCO’s on Agro Textiles, Aluminium and Aluminium Alloy Products

3 Oct 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to the manufacture and import of...

Alerts & Updates International Trade

Trade Update – October 2, 2023

2 Oct 2023

Notification of final results of antidumping duty administrative review.

News & Media Banking & Finance

Breaking barriers. IBBI’s new measures aim to boost efficiency in personal guarantor insolvency

30 Sep 2023

Mukesh Chand, Senior Counsel, Economic Laws Practice (ELP) has been quoted in an article, “Breaking barriers. IBBI’s new measures aim to boost...

Publications Tax

Refund of ITC in Export – A Subject Open to Deliberation

29 Sep 2023

This article by our tax colleagues Vivek Baj and Sai Dash on the contentious issue of ITC refund. The article...

Alerts & Updates Tax

CBDT notifies Valuation Rules for unquoted equity shares and CCPS issued by Indian unlisted companies

28 Sep 2023

In a significant development, the Central Board of Direct Taxes (CBDT) has issued Notification No. 81/2023 dated September 25, 2023,...

Alerts & Updates Export Control & Customs

The European Union (the EU) and the United Kingdom (the UK) Restrictions on Third-country Processed Iron and Steel

28 Sep 2023

In an effort to address the circumvention of the prohibitions imposed on Russian-origin iron and steel, the UK and EU...

Alerts & Updates BIS In India

BIS Update: Notification of draft QCOs at WTO and new QCOs in India

28 Sep 2023

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

Alerts & Updates BIS In India

BIS Update – Notification of various QCOs at the WTO by India (Electrical Appliances and Cement Products)

26 Sep 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various Electrical Appliances...

Publications Policy & Regulation

Pioneering Sustainability: Indian Businesses in the Era of ESG Compliance and Climate Responsibility

26 Sep 2023

SPAG, A FINN Partners Company's eBook, titled 'The Change Makers for a Purpose-Driven Landscape', delves deep into the realms of...

Alerts & Updates International Trade

Trade Update – September 25, 2023

25 Sep 2023

Publications Tax

Business Expenditure – Similarity & Divergence between Income Tax & GST Law

22 Sep 2023

Rohit Jain, Partner & Arihant Tater, Principal Associate, Economic Laws Practice (ELP) have co-authored an article titled, "Business Expenditure -...

News & Media Banking & Finance

Empowering home buyers: IBBI’s game changing amendments in IBC regulation

22 Sep 2023

Our Senior Counsel Mukesh Chand has been quoted in an article “Empowering home buyers: IBBI’s game changing amendments in IBC regulation”...

News & Media Competition Law & Policy

Will impending media mergers create a duopoly?

21 Sep 2023

Walt Disney Co. is in talks to sell its India entertainment TV and streaming businesses, with Reliance Industries among the...

Alerts & Updates Investment Funds

New Quarterly Reporting Formats for AIFs

22 Sep 2023

As per Regulation 28 of SEBI (Alternative Investment Funds) Regulations, 2012, AIFs are required to submit quarterly reports to SEBI...

Alerts & Updates Banking & Finance

Important Judgements under SAEFAESI Act, DRBT Act & IBC

22 Sep 2023

“In making a provision for recovery of arrears of tax, it cannot be said that section 46 deals with or...

Newsletters BIS In India

BIS Newsletter – August Edition

6 Dec 2023

We are delighted to introduce our newsletter dedicated to non-tariff barriers. The information within will serve as a valuable resource...

Alerts & Updates BIS In India

BIS Update – Enforcement for new Quality control orders on Flux Cored Solder Wire

20 Sep 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to the manufacture and import of...

News & Media Banking & Finance

IBBI’s game changing reforms: Bridging gaps & boosting efficiency in corporate insolvency

20 Sep 2023

Insolvency regulator IBBI has brought in several changes to the existing regulations around Corporate Insolvency Resolution Process (CIRP) as part...

Publications Policy & Regulation

What is Next for the Footwear Industry? – Navigating the BIS Quality Control Order on footwear

20 Sep 2023

The Indian footwear industry, a dynamic and expansive sector, has achieved remarkable growth, solidifying its position as the world's second-largest...

Publications Banking & Finance

Challenges in Loan Recovery and Individual Fundamental Right of Movement in India: Analyzing Complexities and Legal Implications

6 Dec 2023

Background Recovering loans has always posed significant challenges for financial institutions in India. While these institutions are entrusted with the...

Alerts & Updates BIS In India

BIS Update : Notification of various QCOs at the WTO by India

18 Sep 2023

We hope this email finds you well. We are writing to you with an important update regarding mandatory registration requirements...

Alerts & Updates International Trade

Trade Update – September 18, 2023

18 Sep 2023

Notification of final results and partial rescission of countervailing duty administrative review.

News & Media Policy & Regulation

Courts Can’t Rely on ChatGPT to Adjudicate, But AI Can Assist Processes

6 Dec 2023

The Delhi High Court recently ruled that ChatGPT cannot be used to adjudicate on legal issues, citing varying responses depending...

Newsletters Tax

Indirect Tax Newsletter – August 2023

18 Sep 2023

In the month of August 2023, several key changes to the administration of indirect tax laws through amendments, notifications, circulars...

News & Media Tax

What to do when you get an income tax notice for claiming higher deductions in ITR?

6 Dec 2023

Recently, individuals have received an income tax intimation notice asking them to explain why had they claimed a higher amount...

News & Media Policy & Regulation

Government Proposes Changes in Regulations to Speed Up Patent Process

14 Sep 2023

India has released draft rules that, once approved, will replace two-decade-old regulations on patents as the government looks to cut...

News & Media Tax

Development right akin to land purchase, shouldn’t attract GST

14 Sep 2023

Our Partner Rohit Jain has been quoted in an article “Development right akin to land purchase, shouldn’t attract GST” published by The Times...

Alerts & Updates Policy & Regulation

Dark Pattern Advertising

14 Sep 2023

On September 07, 2023, the Department of Consumer Affairs (‘DoCA’) released Draft Guidelines for Prevention and Regulation of Dark Patterns...

News & Media Banking & Finance

NCLAT Provides Clarity That IBC Is Not A Debt-Recovery Mechanism

12 Sep 2023

The National Company Law Appellate Tribunal has refused to entertain an insolvency petition offering clarity that the bankruptcy law can't...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Restrictions on discretion of Liquidator in cancelling a valid auction in order to fetch a higher price

12 Sep 2023

The Division Bench of Supreme Court in Eva Agro Feeds Private Limited vs Punjab National Bank and Anr.[1] has held...

Alerts & Updates International Trade

Trade Update – September 11, 2023

11 Sep 2023

Notification of final results of antidumping duty administrative review and final determination of no shipments.

News & Media Competition Law & Policy

Competition Watchdog steps up, overhauls Merger Control Regulations

8 Sep 2023

The Competition Commission of India (CCI) has brought in some major overhauls towards modernizing its merger control regulations. In an...

News & Media Competition Law & Policy

CCI’s Draft Settlement Rules ‘Critical First Step’, But More Clarity Needed

7 Sep 2023

The Competition Commission of India's draft settlement rules aim to offer a way out of protracted litigation to companies but...

News & Media Litigation, Arbitration & Dispute Resolution

Litigation Funding: As attitudes shift and tech evolves, Litigation Funding is set to come of age in India

6 Sep 2023

Third-party litigation funding is now an established global commodity. Across the Asian region, uptake has been slow, however, although India...

Alerts & Updates International Trade

Trade Update – September 4, 2023

4 Sep 2023

Notification of final results of anti-dumping duty administrative review.

Publications Banking & Finance

Lending is challenging, recovery is tricky

1 Sep 2023

The police's act of filing FIRs against high-ranking officials of a bank and financial institution in recovery matters warrants discussion....

Alerts & Updates Litigation, Arbitration & Dispute Resolution

National Highways Authority of India v. Trichy Thanjavur Expressway: Courts under Section 34 can partially set aside separate, complete and self-contained claims

31 Aug 2023

 “You raise the blade, you make the change, You rearrange me till I am sane.”[1] Exercising the scalpel, the Delhi...

Alerts & Updates Export Control & Customs

SCOMET Update: Amendment to Appendix 3 [List of SCOMET Items] to Schedule- 2 of ITC (HS) Classification of Export and Import Items, 2018

30 Aug 2023

On August 28, 2023, the DGFT vide notification no. 27/2023 issued an updated and revised list of SCOMET items. The...

Newsletters

Navigating GST 2.0 Issue 17

6 Dec 2023

Economic Laws Practice (ELP) & Taxsutra are elated to present the 17th edition of our GST Newsletter which encompasses significant events in the...

News & Media Policy & Regulation

Customers unhappy with quick e-commerce platforms selling older products at new MRP

6 Dec 2023

In early June, a user complained about one of the e-commerce platforms charging customers higher than the MRP. The price...

Alerts & Updates International Trade

Trade Update – August 28, 2023

28 Aug 2023

Notification of final results of antidumping duty changed circumstances review.

News & Media Banking & Finance

BoB withdraws auction notice, says Sunny Deol offered to settle dues

28 Aug 2023

Mukesh Chand , Senior Counsel, Economic Laws Practice (ELP) has been quoted in an article "BoB withdraws auction notice, says Sunny Deol...

News & Media Tax

File ITR now, pay tax dues later

25 Aug 2023

Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted in an article "File ITR now, pay tax dues later"...

News & Media Real Estate

Can legal heirs be a witness to the will?

25 Aug 2023

When a will is made by an individual, it must be signed by a witness. What do succession laws say...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Can one escape from the stipulations of a contract signed by oneself? – An insight into the Latin maxim of Non Est Factum

24 Aug 2023

The Division Bench of the Hon’ble Supreme Court of India has recently rendered a noteworthy judgment related to the plea...

Alerts & Updates International Trade

Trade Update – August 21, 2023

21 Aug 2023

Notification of termination of the suspension agreement and issuance of Antidumping Duty order.

Publications Policy & Regulation

Regulating Medical Practice: The key reforms introduced by the Registered Medical Practitioner (Professional Conduct) Regulations, 2023

18 Aug 2023

On August 2, 2023 the National Medical Commission (NMC), Ethics and Medical Registration Board (EMRB) issued the Registered Medical Practitioner...

Alerts & Updates International Trade

CBAM Compliance Alert: Latest Developments in Reporting Regulations

18 Aug 2023

On August 17, 2023, the European Commission adopted an implementing regulation (Regulation) concerning the reporting obligations for the carbon border adjustment mechanism.

Alerts & Updates Investment Funds

The Secret Sauce That Goes into Angel Funds

17 Aug 2023

Angel funds were introduced by the Securities and Exchange Board of India (SEBI) with effect from September 16, 2013, by...

Alerts & Updates International Trade

Trade Update – August 14, 2023

14 Aug 2023

Notification of preliminary results of changed circumstances review.

News & Media Tax

Can you switch tax regime from previous/ last year when filing belated ITR?

6 Dec 2023

Our Partner Mitesh Jain has been quoted in an article ‘Can you switch tax regime from previous/ last year when filing belated...

Publications Tax

GST shock for Online Games of Skill: Is there still a chance?

10 Aug 2023

The GST Council reassembled in less than a month for its 51st meeting on August 02, 2023, to ‘provide clarity...

Newsletters Tax

Indirect Tax Newsletter – July 2023

10 Aug 2023

In July 2023, several key changes to the administration of indirect tax laws through Notifications and Circulars. ELP’s Indirect Tax...

News & Media Data Protection

Decrypting the Digital Protection Bill 2023

9 Aug 2023

The Digital Personal Data Protection (DPDP) 2023 was passed on August 03, 2023. The Bill provides for the processing of...

News & Media Data Protection

Fintechs fear increase in compliance burden after Delhi HC’s order on PayPal

9 Aug 2023

Mumtaz Bhalla, MCIArb, Partner, Economic Laws Practice (ELP) has been quoted in an article,  published by ETtech. For further details, read...

News & Media Data Protection

EU may negatively assess India’s data protection Bill: Experts

6 Dec 2023

The European Union's data protection regulation mandates that if a company wants to transfer its data to another country, the...

Alerts & Updates BIS In India

BIS Update : Extension of enforcement date on Cotton Bales

9 Aug 2023

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

The Micro and Small Enterprises Facilitation Council – a forum for Suppliers, not Buyers

8 Aug 2023

On 05.07.2023, the Delhi High Court decided two cases pertaining to the jurisdiction of the Micro and Small Enterprises Facilitation...

News & Media Tax

Is India’s Inc. recovery too lopsided?

8 Aug 2023

In its latest story 'Is India's Inc. recovery too lopsided?' by Business Standard, Rohit Jain, Partner, Economic Laws Practice (ELP) explains the decline...

Alerts & Updates International Trade

Trade Update – August 7, 2023

7 Aug 2023

Preliminary results and partial rescission of the countervailing duty administrative review, 2021

Alerts & Updates Data Protection

Overview of the Digital Personal Data Protection (DPDP) Bill, 2023

4 Aug 2023

Yesterday, the Government presented the fifth iteration of India's proposed data privacy legislation, known as the Draft Digital Personal Data...

Publications Tax

GST on online gaming turnover akin to scoring own goal

2 Aug 2023

The GST Council in its 50th meeting on July 11, 2023 sounded the death knell of the online gaming industry by...

Alerts & Updates International Trade

Trade Update – July 31, 2023

31 Jul 2023

Notification of final results of antidumping duty administrative review.

Publications Policy & Regulation

Quality controls standards and the EV charging ecosystem: All you need to know

6 Dec 2023

As a part of the climate action plan India has set ambitious targets to combat carbon emissions and desires to...

Publications Tax

GST Council-50* not out

29 Jul 2023

One of India’s biggest indirect tax reforms – Goods and Services Tax (‘GST’), completed its sixth year on July 01,...

News & Media Tax

Why do so few Indians pay income tax?

6 Dec 2023

n the latest story by Business Standard, Why do so few Indians pay income tax?, Rahul Charkha, Partner, Economic Laws Practice (ELP) shares...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Resolving disputes with discretion: Analysing confidentiality in arbitration proceedings

28 Jul 2023

CZT v CZU[1] Introduction Inherent in an arbitration proceeding is the concept of confidentiality. It is one of the key...

Newsletters Competition Law & Policy

ELP – Quarterly Update – Competition Law & Policy – Q2 of 2023

27 Jul 2023

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

Publications Banking & Finance

The Delhi High Court decides the issue of conflict between the provisions of SARFAESI Act and SEBI Act in the context of Bank’s right to enforce securities

6 Dec 2023

A significant judgment[1], by the Delhi High Court (Delhi HC) provides relief to banks for enforcement of securities under the...

Publications Policy & Regulation

Final FSB Recommendations on Global Crypto Regulations: Key Highlights

27 Jul 2023

Introduction The Financial Stability Board (“FSB”), an international body, headquartered in Basel, Switzerland, monitors and suggests recommendations on the global...

News & Media Banking & Finance

Rs 1.12 lakh crore stuck: When will investors of Sahara para banking, Sahara Real Estate, Sahara Housing Investment get their money?

26 Jul 2023

In a bid to provide relief to crores of depositors whose money is stuck in four cooperative societies of Sahara...

News & Media Corporate & Commercial

Reverse book-building process: Ideal for stakeholders, bane for promoters

26 Jul 2023

Delisting regulations have taken centrestage following Sebi chairperson’s statement that norms governing the process are being reviewed. Drawing a parallel...

Alerts & Updates BIS In India

BIS Update : Nuts, Bolts and Fasteners

25 Jul 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to manufacture and import of Nuts,...

Alerts & Updates International Trade

Trade Update – July 24, 2023

24 Jul 2023

Alerts & Updates Projects, Infrastructure & Energy

Government notifies Electricity Amendment Rules, 2023

24 Jul 2023

On June 30, 2023, the Ministry of Power notified the Electricity (Amendment) Rules, 2023 (Amendment)[1] which amend the Electricity Rules,...

News & Media Banking & Finance

Stressed realty projects: IBBI exempts certain home buyers from regulatory fee

24 Jul 2023

In a relief for home buyers, insolvency regulator IBBI has clarified that the 0.25 per cent regulatory fee imposed by...

Publications Tax

The Legal Maze Solved: Finally, a clarification on the long-disputed issue of ISD vs. Cross Charge

24 Jul 2023

CBIC has issued a series of clarifications pursuant to the GST Council’s 50th meeting held on 11.07.2023 in New Delhi....

Publications Corporate & Commercial

Now, listed firms will have to make all business deals public

6 Dec 2023

Listed companies must disclose to the public all information on business deals and arrangements that have a bearing on their...

Sector Books/Booklets Policy & Regulation

FATF Series

24 Jul 2023

In this booklet (a series of 3 articles) , we discuss the significance of the Financial Action Task Force (FATF)...

Publications Tax

E-invoicing – Whether the relevant provisions of GST law require patchwork?

21 Jul 2023

Effective from August 1, 2023, taxpayers with an annual turnover exceeding INR 5 Crore will be categorized as a "class...

Alerts & Updates BIS In India

BIS Update: New QCO’s on Smart Meters, Welding Rods and Electrodes

21 Jul 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to manufacture and import of Smart meters,...

Alerts & Updates Tax

Clarifications pursuant to the 50th GST Council Meeting

20 Jul 2023

The CBIC has issued various Circulars in line with the recommendations of the 50th GST Council meeting. These clarifications provide...

Alerts & Updates Banking & Finance

Priority of Dues of Secured Creditor under the Insolvency and Bankruptcy Code, 2016

18 Jul 2023

The Hon’ble Supreme Court of India clarifies the status of Government Dues under Section 53 of the Insolvency and Bankruptcy...

Alerts & Updates International Trade

Trade Update – July 17, 2023

17 Jul 2023

Institution of antidumping and countervailing duty investigations and scheduling of preliminary phase investigations.

Alerts & Updates Corporate & Commercial

SEBI Guidance on Disclosure Norms For Listed Entities | ESG – BRSR Core And Value Chains Disclosures

17 Jul 2023

In light of the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 notified on June 14, 2023, SEBI...

Alerts & Updates Tax

Key Recommendations of the 50th GST Council Meeting

13 Jul 2023

ELP’s GST update covers key highlights of the 50th GST Council meeting, which was held on July 11, 2023. The...

Publications Corporate & Commercial

SEBI initiates ‘Roll-Over’ of Tail End AIF assets: A fresh start for Aging Funds?

6 Jun 2023

Close-ended alternative investment funds (AIFs) have faced issues such as lack of liquidity, and regulatory hurdles while liquidating their assets...

News & Media Tax

Implementation of 28% GST rate will bring challenges to online gaming industry

13 Jul 2023

The GST Council deciding to impose a 28% tax on the turnover of online gaming, horse racing, and casinos on...

Sector Books/Booklets International Trade

EU’s Foreign Subsidies Regulation : Levelling the Playing Field

12 Jul 2023

The European Union (EU) has a history of proactively framing laws governing emerging issues. The EU’s foreign subsidies regulation (FSR)...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

For the Mighty Managing Director, vicarious criminal liability can be thy arch nemesis

12 Jul 2023

The Nagpur bench of the Hon’ble Bombay High Court, in a recent case[1] was pleased to quash criminal proceedings initiated...

Publications Projects, Infrastructure & Energy

Green Credits and other attributes- Trading for sustainability?

4 Jul 2023

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-...

Alerts & Updates International Trade

EU Parliament Finalizes Position on Upcoming Corporate Sustainability Due Diligence Rules

11 Jul 2023

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...

Alerts & Updates Data Protection

The DPDP Bill: From responding to responsibility

10 Jul 2023

The Union Cabinet’s approval of the draft Digital Personal Data Protection Bill (DPDP Bill) on July 5, 2023, signifies an...

News & Media Labour & Employment

Is there still a chance for higher EPS pension deadline extension?

10 Jul 2023

PV Ramana Murthy PhD, Head, Labour & Employment practice, Economic Laws Practice (ELP) has been quoted in an article, Is...

Alerts & Updates International Trade

Trade Update – July 10, 2023

10 Jul 2023

Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel

Sector Books/Booklets International Trade

Market Access Barriers in The Pharmaceutical Sector in India’s Key Export Destinations

5 Jul 2023

This report examines the regulatory environment of some of India’s key trading partners, with a view to identify existing and...

News & Media Tax

What are the changes that GST needs?

6 Jul 2023

One of the hallmarks of reform is that it reduces or eliminates the long queue. Goods and Services Tax (GST)...

Publications Litigation, Arbitration & Dispute Resolution

Whale Of A Tale: Tracing The Centre’s Recent Ban On 14 FDCs Approved Prior To 1988

6 Jul 2023

On June 2, 2023, the Central Government, in exercise of its powers under the Drugs and Cosmetics Act 1940, prohibited...

Newsletters Tax

Indirect Tax Newsletter – June 2023

6 Jul 2023

In the month of June 2023, several key changes to the administration of indirect tax laws through Notifications, Circulars etc....

News & Media Real Estate

Supertech case: Buyers ask if builder’s arrest can help them get their homes

3 Jul 2023

Our Partner Heena Chheda has been quoted in an article, Supertech case: Buyers ask if builder’s arrest can help them get...

News & Media Tax

Taxpayers not opting for new I-T regime must fill Form 10-IEA

22 Jun 2023

Income tax assessees will have to fill out a form to continue with the old income tax regime before the...

News & Media Banking & Finance

Ola Postpaid: A failed customer service

3 Jul 2023

Alerts & Updates International Trade

Trade Update – July 3, 2023

6 Dec 2023

Certain heavy plate of non-alloy or other alloy steel

Alerts & Updates Export Control & Customs

SCOMET Update: Amendments in the Hand Book of Procedure 2023 concerning Category 5B

3 Jul 2023

We are writing to you with an important update concerning the procedure to export certain UAV items falling under category...

News & Media Competition Law & Policy

Why is CCI questioning Air India merger now?

29 Jun 2023

The proposed merger of Air India & Vistara has flown into rough weather. It has attracted the glare of the...

News & Media Banking & Finance

Can Go First take off once again?

27 Jun 2023

In its latest story Can Go First take off once again? by Business Standard, Our Senior Counsel Mukesh Chand shares his insights...

News & Media Corporate & Commercial

Twin blow to Byjus as its auditor Deloitte, three directors resign

6 Dec 2023

Edtech unicorn Byju's suffered a twin blow where its auditor deloitte and three other directors have resigned, thereby adding to...

Alerts & Updates International Trade

Trade Update – June 26, 2023

26 Jun 2023

Preliminary results of antidumping duty administrative review 2021–2022.

Alerts & Updates Export Control & Customs

SCOMET Update: Amendment to General Authorisation for Export of Chemicals and related Equipments (GAEC)

23 Jun 2023

We are writing to you with an important update concerning the GAEC.

ELP Knowledge Series Tax

ELP Knowledge Series India Update Part 1 of 2023

6 Dec 2023

We are happy to bring to you our latest Knowledge Series. This edition of the series covers a wide range...

News & Media Corporate & Commercial

SEBI introduces stricter framework for disposal of undertaking by a listed entity

22 Jun 2023

Public shareholders will now have a say in the sale or disposal of undertaking by a listed company through slump...

Alerts & Updates Corporate & Commercial

SEBI tightens compliances and disclosures for listed entities: Amends LODR Regulations

22 Jun 2023

SEBI has notified various amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) vide the Securities...

Alerts & Updates BIS In India

BIS Update: Extension of date of enforcement for Mandatory Certification for N-Butyl Acrylate and Toluene

22 Jun 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of  N-Butyl Acrylate and...

News & Media Banking & Finance

Government Exempts Petroleum Assets From Moratorium; Aviation, Telecom May Be Next

20 Jun 2023

A recent notification by the Ministry of Corporate Affairs said that companies that have entered into production or revenue-sharing contracts,...

News & Media Data Protection

Digital India Bill draft soon: What to expect from India’s overhaul of Internet laws

29 May 2023

India’s tech regulations are at an inflection point as the country plans to overhaul rules governing the Internet economy. A...

Alerts & Updates International Trade

Trade Update – June 19, 2023

6 Dec 2023

Sector Books/Booklets International Trade

Emissions Trading Systems in India and Around the World

19 Jun 2023

There is growing recognition of the link between trade and climate change. As Governments worldwide grapple with this pressing issue,...

News & Media Banking & Finance

Corporate insolvency. IBBI proposes mandatory audit of insolvency resolution process costs

11 Jun 2023

The Insolvency and Bankruptcy Board of India (IBBI) proposes to stipulate a mandatory audit of insolvency resolution process costs (IRPC)...

Alerts & Updates International Trade

CBAM Update: Draft Implementing Regulation Published

15 Jun 2023

CBAM Update: Draft Implementing Regulation Published Introduction On June 13, 2023, the European Commission published a first call for feedback...

Newsletters Tax

Indirect Tax Newsletter – May 2023

14 Jun 2023

In the month of May 2023, several key changes to the administration of indirect tax laws through Notifications, Circulars etc....

Events, Webcasts & Podcast International Trade

CBAM series – Episode 3 – The EU CBAM regulation – Key Takeways and the Way Forward

6 Dec 2023

In the 3rd and final episode of the Trade Dialogue: CBAM series, Sanjay Notani and Parthsarathi Jha, Partners at Economic Laws Practice (ELP), engage...

News & Media Data Protection

NASSCOM AI regulation, spam calls, markets, cyclones categories

13 Jun 2023

Many people have reported that they receive calls even after being on the DND list. Furthermore, several unregistered telemarketers also...

Alerts & Updates International Trade

Trade Update – June 12, 2023

12 Jun 2023

Preliminary determination of injury by reason of imports of boltless steel shelving units from India, Malaysia, Thailand, Taiwan, Vietnam.

News & Media Tax

Tax matters. Income Tax assessees to get 21 days to respond to refund adjustment intimations

10 Jun 2023

As income tax assessee will get 21 days to respond to notices issued by the Central Processing Centre (CPC) regarding...

Publications Policy & Regulation

Regulatory Blindspot and Contradictions: Sale, Manufacturing and Price Regulation of India’s Medical Devices market

6 Jun 2023

The medical devices sector in India is growing in size and in importance. It's evolving regulatory regime is one to...

News & Media Competition Law & Policy

Competition Law: CCI’s Power To Review Statutory Bodies Not Unfettered, Says Delhi High Court

7 Jun 2023

The Delhi High Court has recently held that decisions taken by regulators in the course of carrying out their regulatory...

Alerts & Updates BIS In India

BIS Update: Inviting Comments from all the stakeholders on the draft Steel and Steel Products (Quality Control) Order, 2023 and Annual Report on Exemptions Granted by the Empowered Committee during FY 2022-23

8 Jun 2023

We are writing to you with an important update regarding BIS certification for Steel product manufacturers and importers.

Alerts & Updates BIS In India

BIS Update: Extension of date of enforcement for Mandatory Certification for various chemicals – June 6, 2023

6 Jun 2023

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

News & Media Corporate & Commercial

FPI flows likely to trip on Sebi’s stricter ownership disclosure rules

6 Jun 2023

The Securities and Exchange Board of India’s (SEBI) latest proposal on identifying ultimate beneficial ownership of offshore funds could impact...

News & Media Data Protection

Who protects the data you share while shopping?

6 Jun 2023

In communication to the Retailers Association of India, the Ministry of Consumer Affairs has said that shopkeepers asking for personal...

Events, Webcasts & Podcast International Trade

CBAM series – Episode 2 – The EU CBAM regulation- Economic and Policy Considerations for India

5 Jun 2023

In Episode 2 of Economic Laws Practice (ELP)'s CBAM series, The EU CBAM regulation- Economic and Policy Considerations for India,...

News & Media Corporate & Commercial

SEBI mulls new FPI disclosure norms

2 Jun 2023

In an effort to increase transparency, SEBI has written a consultation paper wanting more disclosures from "high-risk foreign portfolio investors"....

Newsletters International Trade

Trade Update – June 5, 2023

5 Jun 2023

Publications Tax

Food for thought: Restaurants do not need the added spice of GST issues

18 May 2023

According to the Food Service and Restaurant Business Service report 2022-23 by Francorp and restaurantindia.in, India’s food service market is...

Publications International Trade

EU carbon rules to hurt India, others

18 May 2023

The European Union approved its much talked about ‘carbon border adjustment mechanism’ last week. The measure which aims to create...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Vivad Se Vishwas II – A window of opportunity to reap the fruits of your award

31 May 2023

On May 29 2023, the Government of India issued Vivad se Vishwas II Scheme for settling contractual disputes where arbitral...

Alerts & Updates International Trade

Import Policy Update: Amendment to ITC (HS), Schedule-I (Import Policy)

30 May 2023

On May 29, 2023, the Government of India, vide Notice No. 8/2023 amended the ITC (HS), Schedule-I (Import Policy) to...

News & Media Tax

Will changes in angel tax rules help start-ups?

30 May 2023

Ever since the budget included non-resident investors under the ambit of angel tax, start-ups and the investment community have been...

News & Media Corporate & Commercial

Sebi proposed changes of UPSI will bring in transparency

30 May 2023

With the aim of facilitating better transparency and timely disclosures of material events and information by listed companies, the capital...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

When the Hourglass Runs Out – Challenge to arbitral awards

30 May 2023

Bhimashankar Sahakari Sakkare Karkhane Niyamita v Walchandnagar Industries Ltd.[1] ‘No one told you when to run, you missed the starting...

Alerts & Updates International Trade

Trade Update – May 29, 2023

29 May 2023

Institution of a Five-Year Review to determine material injury due to revocation of the antidumping duty order.

Alerts & Updates International Trade

Trade Update – May 22, 2023

22 May 2023

Alerts & Updates International Trade

ELP Trade Remedies Update: Recommendation of Safeguard Measures (Quantitative Restrictions)

19 May 2023

Recently, the DGTR recommended a levy of safeguard measures in the form of quantitative restrictions on imports of Polyvinyl Chloride...

Newsletters Tax

Indirect Tax Newsletter – April 2023

19 May 2023

Dear Reader, We are pleased to share our latest Indirect Tax Newsletter which includes update on recent notifications/circulars along with...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Assignment of Arbitration Agreements and the Importance of Intention

18 May 2023

In M/s. Siemens Factoring Pvt. Ltd. v. Future Enterprises Pvt. Ltd.[1] the issue of assignment of arbitration agreements arose. Although...

News & Media Corporate & Commercial

Overseas use of international credit card now part of Liberalised Remittance Scheme limit

18 May 2023

Abhishek Sanyal, Partner, Economic Laws Practice (ELP) has been quoted in an article, Overseas use of international credit card now part...

News & Media Corporate & Commercial

MCA implements deemed approval concept to address bureaucratic delays in fast track scheme

6 Dec 2023

The Centre has streamlined the merger approval process for start-ups under the ‘fast track merger’ scheme introduced in 2016, now...

Publications Tax

Statutory Glitches in Online Gaming in India

16 May 2023

The only constant in life is ‘change’ which applies to tax and regulations as well. The emerging industries are not...

Alerts & Updates Corporate & Commercial

Fast-Track Merger made faster | MCA amends M&A rules

16 May 2023

Timelines are a major factor in mergers & acquisitions, especially where third parties and courts are involved. Companies Act, 2013...

Alerts & Updates International Trade

Trade Update – May 15, 2023

15 May 2023

News & Media Data Protection

Disrupting the delivery game

6 Dec 2023

The government-backed Open Network for Digital Commerce (ONDC) could shake up the food delivery sector in India, giving tough competition...

News & Media Labour & Employment

Social Security Benefits For Gig Workers Need Of The Hour

9 May 2023

The central government has time and again called out for the framing of policies on the rights and social security...

News & Media Banking & Finance

Banks opt to go slow on fraud classification

9 May 2023

Banks are going slow in marking delinquent accounts as fraud, as they await clarity from the Supreme Court (SC) on...

News & Media Corporate & Commercial

SEBI asks for investor profiles from AIFs as inter-departmental sharing gains ground

8 May 2023

The market regulator has asked trustees of alternative investment funds (AIFS) to share more information about fund participants, with concerns...

News & Media Banking & Finance

IBBI invites stakeholders comments to modify regulations issued till date

5 May 2023

In the Indian insolvency and bankruptcy ecosystem, the common man as a stakeholder can now help modify the regulations and...

Publications International Trade

A Curious Case of Quantitative Restrictions- India’s Recent Move to Safeguard Domestic Industries

9 May 2023

On certain occasions where India has put up quantitative restrictions (QR) to protect its domestic industry, it has faced criticism...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Scope of intervention by the Courts under Section 11(6) of the Arbitration Act – Evaluating through the ‘Eye of the Needle’

8 May 2023

In April 2023, the Supreme Court of India reflected on the necessary extent of intervention and the intertwined duties of...

Alerts & Updates International Trade

Trade Update – May 8, 2023

8 May 2023

Notice of initiation of administrative review of the antidumping duty order on light-walled

News & Media Banking & Finance

Can GoFirst still be a going concern? Yes, no, maybe: Legal experts grope in the dark

5 May 2023

With Go First approaching the National Company Law Tribunal (NCLT) for initiating insolvency proceedings, and also a Delaware court seeking...

Alerts & Updates Tax

Bombay High Court (3rd Judge) has upheld the constitutional validity of Section 13(8)(b) of the IGST Act – Dharmendra M Jani & Ors Vs. Union of India

4 May 2023

The Petitioner is an Indian entity providing marketing and promotion services to overseas customers to facilitate the sale of goods...

News & Media Tax

India to align with global jurisdictions to regulate cryptocurrency environs

3 May 2023

India has recognized the risks attached to private virtual assets, therefore along with the G20 nations moved a step closer...

Events, Webcasts & Podcast International Trade

ELP’s Trade Dialogue: CBAM Series, Episode 1- The EU’s CBAM Regulation

3 May 2023

On April 18, 2023, the European Parliament formally approved the Carbon Border Adjustment Mechanism, if fully adopted, the CBAM will...

Alerts & Updates Export Control & Customs

SCOMET Update: Issuance of New Appendices and Aayat Niryat Forms (ANF)

2 May 2023

We hope this email finds you well. We are writing to you with an important update concerning Special Chemicals, Organisms, Materials,...

Alerts & Updates International Trade

Trade Update – May 1, 2023

1 May 2023

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Stamp Duty and Arbitration Agreements: The End of the Beginning

27 Apr 2023

Although the title, inspired by a post-rock album[1], seems to suggest a critique of the decision of the Constitution Bench...

Alerts & Updates BIS In India

BIS Update: Enforcement of Mandatory Certification for Chemical Products

25 Apr 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Lauric Acid, Acid...

Alerts & Updates International Trade

Trade Update – April 24, 2023

24 Apr 2023

Termination of anti-dumping investigation concerning imports of “Sulphur Black” originating in or exported from China PR. Final results of a...

Alerts & Updates Labour & Employment

Ikea cut ties with its local security services provider over labour breach policy

24 Apr 2023

A recent news article in the Financial Times reported that Ikea stores in Malaysia have severed ties with a labour...

Newsletters Tax

IDT Newsletter – March 2023

21 Apr 2023

We are pleased to share our latest Indirect Tax Newsletter which includes update on recent notifications along with detailed analysis...

News & Media International Trade

WTO agreements outdated, not in tune to address developing countries growth opportunities

20 Apr 2023

India is planning to appeal against a ruling from a panel at the WTO that the country violated global trading...

News & Media Corporate & Commercial

SEBI’s dispute resolution mechanism will strengthen LPCC

19 Apr 2023

Capital markets regulator SEBI announced a dispute resolution mechanism for Limited Purpose Clearing Corporation (LPCC) to settle disputes and claims...

Newsletters Competition Law & Policy

ELP – Quarterly Update – Competition Law & Policy – Q1 of 2023

20 Apr 2023

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

News & Media International Trade

Why WTO Panel’s Adverse Ruling On India’s Tech Tariffs May Impact FTA Talks

6 Dec 2023

The ruling of a World Trade Organization's panel on Indian communication technology tariffs can serve as a new ground for...

Alerts & Updates BIS In India

BIS Update: Enforcement of Mandatory Certification for Chemical Products – April 20, 2023

20 Apr 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Styrene (Vinyl Benzene),...

News & Media Banking & Finance

Why does SBI want SC to clarify its fraud account ruling?

19 Apr 2023

State Bank of India recently filed a plea in SC seeking clarifications on the latter's verdict in relation to identifying...

News & Media Corporate & Commercial

‘Excuse & exclusion’ norms clarified

14 Apr 2023

SEBI has clarified norms for excusing or excluding investors in alternative investment funds (AIFs) from participating in certain investments. In...

News & Media Data Protection

New IT rules on fact checking are troublesome

14 Apr 2023

On April 6, 2023, the Ministry of Electronics and IT (MEITY) created the Amendment IT Rules, 2023. It authorizes a...

Alerts & Updates International Trade

Implications of the WTP panel’s decision in India – Tariff Treatment on certain goods in the Information Technology and Communications Technology Sector

18 Apr 2023

The World Trade Organization’s Dispute Settlement Panels ruled on April 17th, 2023 that India’s import tariffs on certain information and...

Alerts & Updates International Trade

Trade Update – April 17, 2023

6 Dec 2023

Publications Litigation, Arbitration & Dispute Resolution

The Conundrum of Procedure: Extension of the mandate of the Arbitral Tribunal. Who has jurisdiction?

17 Apr 2023

Introduction It is an emerging trait in new-age contracts to include arbitration and/or mediation clauses hoping that the institution of...

Alerts & Updates BIS In India

BIS Update: Enforcement of Mandatory Certification for Textile Products

13 Apr 2023

The Government of India has on April 12, 2023 issued two Quality Control Orders for various Protective Textiles and GEO...

Alerts & Updates Corporate & Commercial

SEBI issues norms for excluding / excusing investors from AIF’s investments, and provides clarity on placement / distribution fees

12 Apr 2023

In the year 2020, SEBI had introduced template(s) for Private Placement Memorandum (PPM) for AIFs, in order to ascertain that...

Publications International Trade

New Foreign Trade Policy A Tightrope Walk Between Export Targets And WTO Commitments

11 Apr 2023

The government, on March 31, 2023, came out with Foreign Trade Policy 2023 which seeks to boost the country's exports...

News & Media Competition Law & Policy

Fears of regulatory overreach emerge as tech rules overlap

10 Apr 2023

Several overlaps have emerged between current and proposed laws such as the upcoming Digital India Bill (DIB) which will replace...

News & Media International Trade

Rupee goes global

10 Apr 2023

India’s foreign trade policy, which came into effect on April 1, 2023, focuses on the facilitating use of rupee for...

Events, Webcasts & Podcast Policy & Regulation

ELP Podcast Series – Implications of the PMLA Act: Post 2022 SC Ruling

11 Apr 2023

On 27 July 2022, a three-judge bench of the Supreme Court in the case of Vijay Madanlal Choudhary vs Union...

Alerts & Updates International Trade

Trade Update – April 10, 2023

10 Apr 2023

Notice of finding that Commerce (Commerce) finds that revocation of the countervailing duty (CVD) order on certain cold-drawn mechanical tubing...

Publications Competition Law & Policy

Competition Act Amendment: CCI gets more enforcement tools to address emerging challenges

3 Apr 2023

The significant changes under the Competition (Amendment) Bill, 2023  including the introduction of the deal value threshold, a settlements and...

News & Media Tax

No LTCG tax benefit on these debt mutual funds from April 1: Five important queries answered

3 Apr 2023

The central government has made changes in the taxation of debt mutual funds while passing the ??????? ????, ???? in...

News & Media Tax

The case for turning India into an aircraft leasing hub

7 Apr 2023

The momentum for making India a global aircraft leasing hub picked up in Union Budget 2023-24, passed by Parliament. The...

Alerts & Updates Tax

Recent Ruling by Appellate Authority for Advance Ruling

7 Apr 2023

Whether the ‘Other Charges’ recovered by the Developer from customers ought to be treated as naturally bundled with main construction...

Alerts & Updates BIS In India

BIS Update: Notification of various QCOs at the WTO by India

7 Apr 2023

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

Sector Books/Booklets Hospitality

Taxation & The Hospitality Sector

7 Apr 2023

Hotels supplying accommodation service often supply incidental services to its resident guests, including restaurant services, transportation services, sight-seeing, concierge etc.

Sector Books/Booklets Hospitality

The Hospitality Sector: Contractual Conundrums

7 Apr 2023

Under such agreements, the Owner appoints an Operator to provide the Hotel with the day-to-day operational assistance and other incidental...

Sector Books/Booklets Hospitality

Labour & Employment & The Hospitality Sector

7 Apr 2023

With a wide variety of hospitality management agreements existing in the industry, a typical hospitality management arrangement is one where...

Sector Books/Booklets Hospitality

Dispute Management & The Hospitality Sector

7 Apr 2023

The mode of dispute resolution is generally prescribed in HMA.

Sector Books/Booklets Hospitality

Consumer Laws & The Hospitality Sector

7 Apr 2023

Any person who hires or avails any service for consideration would be understood as a consumer.

Sector Books/Booklets Hospitality

Financing & The Hospitality Sector

7 Apr 2023

Depending upon its size, the major cost component for hotels is land and the building

Alerts & Updates International Trade

India FTP 2023: ELP’s Key Trade Takeaways

4 Apr 2023

On March 31, 2023, India announced and notified its Foreign Trade Policy, 2023 (“FTP“). The new FTP has set its...

Alerts & Updates International Trade

Trade Update – April 3, 2023

3 Apr 2023

Determined that revocation of the anti-dumping duty orders on brass sheet and strip from France, Germany, Italy, and Japan would...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

High Court of Delhi expanding the contours of the doctrine of lifting the corporate veil

3 Apr 2023

Expanding the Contours of the Doctrine of Lifting the Corporate Veil – An Examination of the Recent Judgment of the...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Various Chemical Products

3 Apr 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various chemicals into India.

Sector Books/Booklets Tax

India’s Foreign Trade Policy 2023 – An Analysis

1 Apr 2023

India’s new FTP was announced on March 31, 2023 A few noteworthy factors of this policy in its new avatar...

News & Media Policy & Regulation

India’s Foreign Trade Policy 2023

31 Mar 2023

Publications Banking & Finance

Rights of Creditors and Protection of Individual Right of Borrower/Promoters

31 Mar 2023

In the context of right of creditors and right of borrower, the Supreme Court balances interest of parties under the...

Newsletters Tax

Navigating GST 2.0 Issue 16

29 Mar 2023

Economic Laws Practice & Taxsutra are elated to present the 16th Edition of our GST Newsletter which encompasses significant events...

Alerts & Updates BIS In India

BIS Update: Enforcement of mandatory certification for Safety Glass – March 28, 2023

28 Mar 2023

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

Alerts & Updates International Trade

Trade Update – March 27, 2023

27 Mar 2023

Initiation of sunset review of anti-dumping duties on imports of Flat Base Steel Wheels from China PR.

News & Media Policy & Regulation

Global legal majors eye India even as domestic firms seek clarity

24 Mar 2023

The move to open up the Indian legal market to foreign law firms and lawyers has seen keen interest from...

News & Media Tax

India Raises Tax on Stock Options to Dampen Retail Frenzy

6 Dec 2023

India raised the transaction tax on certain equity derivative products, a move that may help reign in the frenzied activity...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Ethylene Glycol – March 24, 2023

24 Mar 2023

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

Alerts & Updates International Trade

Trade Update – March 20, 2023

20 Mar 2023

Final Results of the expedited first sunset review of the antidumping duty orders recommending continuance of duties.

News & Media Real Estate

Earn A Side Income From Your Land With Minimal Construction Effort

20 Mar 2023

The land is the primary asset in the real estate industry. However, if the asset is kept unattended, it could...

News & Media Policy & Regulation

Bar Council Allows Foreign Law Firms & Lawyers to Practice in India

17 Mar 2023

The Bar Council of India (BCI) has allowed foreign law firms to practice international law in arbitration matters in India....

Alerts & Updates BIS In India

BIS Update: Extension of date of enforcement for Mandatory Chemicals for various chemicals – March 20, 2023

6 Dec 2023

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

News & Media Policy & Regulation

India Allows Foreign Law Firms To Practice In M&As, Other Select Fields

16 Mar 2023

Until now, cross-border transactions including M&As, fund raises from global investors, and Indian companies expanding overseas used the services of...

News & Media Policy & Regulation

Foreign law firms can now set up offices in India

16 Mar 2023

In a U-turn, the Bar Council of India (BCI) has allowed foreign lawyers and law firms to practice foreign law, international arbitration...

News & Media Policy & Regulation

Non-Profit Organisations under PMLA now includes entities involved in religious/charitable activities

9 Mar 2023

Dinesh Pednekar, Partner Economic Laws Practice (ELP) has been quoted in an article titled Non-Profit Organizations under PMLA now includes...

Alerts & Updates Tax

Indirect Tax Newsletter – February 2023

14 Mar 2023

Vide this notification, the Explanation given under Notification No. 13/2017 dated 28.06.2017 in clause (h) has been expanded to include...

Alerts & Updates International Trade

Trade Update – March 13, 2023

13 Mar 2023

Determination that an industry in the United States is materially injured by reason of imports of Tin Mill products from...

News & Media Tax

Expecting a dividend from India – do you qualify for the reduced WHT rate?

13 Mar 2023

Find out more – join our webinar Click here to register for our exclusive webinar on 21 March 2023 in collaboration with IQEQ,...

Publications Tax

Expecting a dividend from India – do you qualify for the reduced WHT rate?

13 Mar 2023

The Government of India recently made bold moves to tackle long-lasting issues of treaty abuse, curbing tax losses, and took...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products – March 13, 2023

13 Mar 2023

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

Alerts & Updates Tax

Key Proposals In The Maharashtra Budget 2023

11 Mar 2023

The Deputy Chief Minister (Finance) of Maharashtra in his budget speech on 9th March 2023 made the following key proposals:

News & Media Tax

NPS: Best for Retirement, Tax Saving

6 Mar 2023

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...

News & Media Banking & Finance

Reliance Capital’s Insolvency: Value Maximisation Prevails Over Process Sanctity

6 Mar 2023

The National Company Law Appellate Tribunal has allowed another round of auction for the debt ridden Reliance Capital Ltd. thereby...

Alerts & Updates International Trade

Trade Update – March 6, 2023

6 Mar 2023

Anti-dumping duty and countervailing duty orders

Newsletters Competition Law & Policy

ELP – Quarterly Update – Competition Law & Policy – Q4 0f 2022

3 Mar 2023

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

Alerts & Updates Tax

Circular on the issue of applicability of service tax on liquidated damages

3 Mar 2023

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...

Alerts & Updates BIS In India

BIS Update: Notification of Quality Control Order for Cotton Bales – March 3, 2022

3 Mar 2023

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

News & Media Policy & Regulation

Social media companies bulk up legal teams amid increase in compliance requirements

1 Mar 2023

The setting up of Grievance Appellate Committees (GACs), which will be operational from March 1, 2023, will lead to a...

Newsletters Banking & Finance

A compilation of some recent judgements on critical issues under the Insolvency and Bankruptcy Code (IBC) and Banking

27 Feb 2023

IBC is a dynamic and evolving law; therefore, it is critical to keep up pace with dynamics of judgements being...

Alerts & Updates International Trade

Trade Update – February 27, 2023

27 Feb 2023

Chair reports positive outlook for fisheries subsidies negotiations; four clusters of meeting to be held over the coming months.

Publications Tax

Payment to Supplier for ITC Availment – An Additional Imposition?

23 Feb 2023

Recently, the Hon’ble Finance Minister of India presented the Union Budget 2023-2024 wherein various amendments were proposed under GST. Amongst...

News & Media Tax

Combine retirement planning with tax saving via NPS, say experts

23 Feb 2023

The March 31 deadline for making tax-saving investments for 2022-23 is approaching. One instrument that investors may consider both for retirement planning...

Newsletters Banking & Finance

Securitization of Stressed Assets framework (SSAF): Discussion paper of the Reserve Bank of India (RBI)

24 Feb 2023

India’s financial regulator RBI is exploring option for allowing securitization of NPAs and has issued a consultative paper on various...

News & Media Projects, Infrastructure & Energy

Recent ban on bike taxi services

22 Feb 2023

Bike taxis have hit yet another roadblock. The Delhi Transport department became the latest government body to put a stop...

News & Media Labour & Employment

Wipro: Expert decode the road ahead for freshers whose salaries were slashed

21 Feb 2023

PV Ramana Murthy PhD, Economic Laws Practice (ELP) has been quoted in an article titled Wipro: Expert decode the road ahead...

News & Media Real Estate

Real Estate Frauds, Delay In Flat Possession; Check These 5 Legal Things Before Buying A HouseReal Estate Frauds, Delay In Flat Possession; Check These 5 Legal Things Before Buying A House

21 Feb 2023

The latest article titled Real Estate Frauds, Delay In Flat Possession; Check These 5 Legal Things Before Buying A House published...

News & Media Labour & Employment

March 3, 2023, is last date to opt for higher pension from EPS but EPFO yet to issue circular

20 Feb 2023

Economic Laws Practice (ELP)'s PV Ramana Murthy PhD has been quoted in an article titled March 3, 2023, is last...

Alerts & Updates International Trade

Trade Update – February 20, 2023

20 Feb 2023

Postponement of preliminary determinations in the less-than-fair value investigations

Alerts & Updates Tax

Key recommendations by the 49th GST Council

20 Feb 2023

The 49th meeting of the GST Council was held on February 18th, 2023. Summarised below are the key recommendations made:

Publications Tax

Cut GST on metal scrap

16 Feb 2023

Harsh Shah, Partner & Ruchita Shah, Principal Associate, Economic Laws Practice (ELP) have written an article titled ‘Cut GST on...

Sector Books/Booklets International Trade

Combating Forced Labour Issues in Global Supply Chains

15 Feb 2023

In 2021, 27.6 million people were estimated to be engaged in forced labour across the globe.

Alerts & Updates International Trade

Trade Update – February 13, 2023

13 Feb 2023

Determination that Lucchini Mame Forge S.p.A. (Lucchini), a producer/exporter subject to this administrative review, made sales of forged steel fluid...

Alerts & Updates International Trade

ELP Trade Remedies Update: Recommendation of anti-dumping and countervailing duties on imports of Saturated Fatty Alcohol originating in or exported from Indonesia, Malaysia, and Thailand

13 Feb 2023

Recently, the Directorate General of Trade Remedies (DGTR) issued its final findings in two parallel trade remedial investigations recommending anti-dumping...

Alerts & Updates BIS In India

BIS Update: Notification of draft QCOs on various Textile Products

10 Feb 2023

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of various Textile Products...

Publications Tax

General extension to the validity period of conditional Customs exemptions: A task well done?

9 Feb 2023

Section 25 of the Customs Act, 1962 (‘Customs Act’) empowers the Central Government to grant exemptions from the levy of...

News & Media Tax

Flipkart Gets Interim HC Relief Over ?1,100 Cr Tax Demand

9 Feb 2023

The Karnataka High Court granted protection to the online retailer from ‘coercive measures’ until the next hearing on 24 February,...

Newsletters Tax

Indirect Tax Newsletter – January 2023

8 Feb 2023

We are pleased to share our latest edition of Indirect Tax Newsletter for the month of January 2023 which includes...

News & Media Tax

GST Proposals Such As Restricting Credit on CSR Expenses & Those Relating to ITC Reversals Will Have Far-Reaching Impact

7 Feb 2023

Economic Laws Practice (ELP)'s Partner Adarsh Somani has been quoted on 'GST Proposals Such As Restricting Credit On CSR Expenses & Those...

Events, Webcasts & Podcast

Budget in a Minute: Union Budget 2023: The Misses

7 Feb 2023

Publications Tax

Taxation of Online Gaming: Key Union Budget 2023 Proposals and Implications

7 Feb 2023

Online gaming has become a social lifeline and has a large community of people building connections. Although the concept of...

News & Media Projects, Infrastructure & Energy

Green Growth-Related Announcements Went Beyond Energy Generation And Distribution

7 Feb 2023

In the Union Budget 2023, Green Growth was one of the seven priorities mentioned by the Finance Minister. Substantial investments...

Alerts & Updates International Trade

Trade Update – February 6, 2023

6 Feb 2023

Institution of reviews to determine whether revocation of the countervailing duty orders and antidumping duty orders on CTL plate from...

News & Media Tax

Budget tax proposal may hit investor returns in REITs

4 Feb 2023

Investor returns in real estate investment trusts (REITs) could be hit after the Budget proposed to tax the repayment of...

News & Media Tax

Spotlight: Taxing sin – Budget 2023

6 Feb 2023

In the Union Budget 2023, the finance minister enhanced the tax on cigarettes by 16%. The tax levied on such...

Publications Tax

Union Budget 2023- A Balanced Scorecard

6 Feb 2023

Amidst the fear of slowdown and global recession due to the covid pandemic, the Union Budget 2023-24 was growth-oriented, tax-friendly,...

Events, Webcasts & Podcast

Taxand Global Conference 2023, Mumbai

10 Feb 2023

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products

3 Feb 2023

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

News & Media Tax

I-T, TDS to cover cash ‘benefits

3 Feb 2023

Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted in an article titled 'I-T, TDS to cover cash ‘benefits’ published by The...

News & Media Tax

India Inc braces for CSR cost blow

3 Feb 2023

The Budget proposals provide that input tax credit under the Goods and Services Tax (GST) provisions, will not be available in...

News & Media Tax

Budget 2023, An ‘AI Opener’: Library to Agriculture, FM Sitharaman’s Push for ‘Digital India

2 Feb 2023

News18 India has written an article titled 'Budget 2023, An ‘AI Opener’: Library to Agriculture, FM Sitharaman’s Push for ‘Digital India'...

News & Media Tax

Budget 2023: Tata Steel, Jindal Steel shares climb up to 6% as FM extends duty exemption on inputs

2 Feb 2023

In the Union Budget 2023, Hon'ble Finance Minister Nirmala Sitharaman announced measures for steel producers which led to the rise...

News & Media Tax

What does Budget 2023 have for the common man?

2 Feb 2023

Business Standard has done a detailed report titled 'What does Budget 2023 have for the common man?' analyzing the Union Budget...

Alerts & Updates Tax

Budget Buzz – Alcobev Sector

2 Feb 2023

ELP’s budget buzz analyses the key impacts on the Alcobev sector. The Finance Bill 2023 proposes to amend Section 28(iv)...

Sector Books/Booklets Tax

Union Budget 2023-24 – An Analysis by Economic Laws Practice (ELP)

1 Feb 2023

We at ELP have been analyzing the budgets for over two decades now. Our endeavor has always been to study...

Alerts & Updates Tax

Budget Buzz – Changes in New Tax Regime

6 Dec 2023

Our last Budget Buzz is on Changes in New Tax Regime for Individuals & HUFS. The Finance Bill 2023 has...

Alerts & Updates Tax

Budget Buzz – Input Tax Credit under GST

1 Feb 2023

Our next Budget Buzz talks about proposed amendments in Input Tax Credit (ITC) under GST. The provisions relating to ITC...

Alerts & Updates Tax

Budget Buzz – GST Tribunals

1 Feb 2023

The widely anticipated announcement on setting up of GST Appellate Tribunal finds a miss in the Union Budget 2023. Composition...

Alerts & Updates Tax

Budget Buzz – TDS u/s 194R on advantage or perquisites allowed

1 Feb 2023

Our next Budget Buzz talks about proposal on TDS u/s 194R on advantage or perquisites allowed. The Budget 2023, proposed...

Alerts & Updates Tax

Budget Buzz – Make in India

1 Feb 2023

Make in India’ garnered support in form of various thematic fiscal and non-fiscal announcements as well as focus on both...

Alerts & Updates Tax

Budget Buzz – Amendment to the Appealability against Trade Remedial Investigations

6 Dec 2023

Our next Budget Buzz focusses on amendment to the appealability against trade remedial investigations. Section 125 of the Finance Bill...

Alerts & Updates Tax

Budget Buzz – Tax on winnings from Online Games

1 Feb 2023

The next Budget Buzz focuses on tax on winnings from online games. As one of the measures for 'rationalization and...

Alerts & Updates Tax

Budget Buzz – IFSC

1 Feb 2023

The Honorable Finance Minister has announced a number of measures for expanding the ambit of activities that can be undertaken...

Alerts & Updates Tax

Budget Buzz – Impact on the Gems & Jewelry industry

6 Dec 2023

In the next ELP's budget buzz series, we discuss the measures announced for the Gems & Jewellery sector in the...

Alerts & Updates Tax

Budget Buzz – OIDAR

1 Feb 2023

Economic Laws Practice (ELP)’s Budget Buzz series is intended to provide key budget highlights in a simple and concise manner....

News & Media Tax

GST: Part-Payment of Tax can’t be pre-condition for bail, says Supreme Court

31 Jan 2023

BQ Prime in its latest article titled “GST: Part-Payment of Tax can’t be pre-condition for bail, says Supreme Court” talks about...

News & Media Projects, Infrastructure & Energy

From asset monetisation to new Vande Bharat trains, key focus areas for Indian Railways in Union Budget 2023

31 Jan 2023

In the Union Budget 2022, Finance Minister Nirmala Sitharam focused on the Gati Shakti National Master Plan and it is...

Publications Tax

Transfer of business as a going concern – Reversal of ITC be done away with

31 Jan 2023

A common method of business re-organization is where an entity transfers its business vertical on a 'going concern' basis to...

Publications Tax

Navigating the Fiscal Landscape for AIFs and IFSC Funds: Expectations from Union Budget 2023

31 Jan 2023

In 2012, the Securities and Exchange Board of India (SEBI) introduced Alternative Investment Funds (AIFs) as a new class of...

Alerts & Updates International Trade

Trade Update – January 30, 2023

6 Dec 2023

KEY TRADE REMEDIAL UPDATES Subject countries Product Investigation Particulars USA (Department of Commerce/International Trade Commission/International Trade Administration) Japan and Romania...

Publications International Trade

International Trade Update – 2022 In-review and Outlook for 2023

30 Jan 2023

India’s role in global trade experienced significant highs in 2022 compared to recent years, buoyed by a post-COVID recovery in...

News & Media Corporate & Commercial

Is there a governance deficit in Indian startups?

27 Jan 2023

Recently, Startups have been facing a funding crunch, and the governance lapses are resurfacing. Several start-ups are found embroiled in...

News & Media Tax

PhonePe investors paid 8000 crores in taxes to make India it’s home

27 Jan 2023

LiveMint has written an article titled 'PhonePe investors paid 8000 crores in taxes to make India it's home' where Economic Laws Practice...

Publications Litigation, Arbitration & Dispute Resolution

An arbitration seated in India – what can you expect?

25 Jan 2023

As the Indian arbitration regime is consistently evolving, staying abreast with the developments can be challenging for litigants including those...

News & Media Tax

Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?

25 Jan 2023

The latest article titled ‘Budget 2023: Will FM Sitharaman revise the long-term pending income tax exemptions limit?’ published by Business Today sheds...

Publications Tax

Placing India at par with the World – Expectations from Union Budget 2023

25 Jan 2023

In order to bring the entire world on a level playing field, the Organization for Economic Cooperation and Development (OECD)...

Alerts & Updates International Trade

Trade Update – January 23, 2023

6 Dec 2023

Termination of investigation pursuant to a negative final determination of sales at less than fair value in connection with the...

Publications Tax

Refund of GST Paid on Notice Pay Recovery – Way Forward

23 Jan 2023

Recently, vide Circular No. 178/10/2022-GST dated August 03, 2022, it has been clarified by CBIC that GST is not leviable...

Alerts & Updates Corporate & Commercial

ESG framework boosted in GIFT city | SEBI amends LODR regulations

23 Jan 2023

SEBI has notified significant changes to the LODR Regulations, which include following:

Publications BIS In India

BIS Quality Control Standards & the Toys Sector

23 Jan 2023

India is marking its footprint in the global economy. There has been a focused initiative towards ensuring India’s recognition on...

Alerts & Updates Tax

ELP Tax Update – Recent clarifications to settle certain issues under GST

23 Jan 2023

Pursuant to the 48th GST Council Meeting held on December 17, 2022, the Central Board of Indirect Taxes & Customs (CBIC)...

News & Media Banking & Finance

MC Explains: Will tweaks in insolvency law help homebuyers?

20 Jan 2023

moneycontrol.com’s article ‘MC Explains: Will tweaks in insolvency law help homebuyers?’ sheds light on the proposed changes in the Insolvency...

News & Media Data Protection

Govt’s proposal to remove content that PIB marks fake leaves scope for misuse, is unconstitutional: Experts

20 Jan 2023

Ministry of Electronics and Information Technology's proposal that will force content news items, identified as fake or false, by the...

News & Media Corporate & Commercial

GoMechanic auditors had raised red flag

20 Jan 2023

Yashojit Mitra, Partner, Economic Laws Practice (ELP) has been quoted in an article by LiveMint titled 'GoMechanic auditors had raised red flags'. Yashojit discusses...

News & Media Tax

Budget 2023: Indian Corporates Seek a Relook at Buyback Tax

20 Jan 2023

The Union Budget 2023 is two weeks away and one of the requests is that amendments to the buyback tax...

Alerts & Updates Export Control & Customs

SCOMET Update: Liberalization to the Export Control Policy Regulations concerning “Stock and Sale”

20 Jan 2023

The Government of India maintains a list of SCOMET items i.e., dual-use items having the potential for both civil application...

Publications Banking & Finance

SEBI consultative paper for framework for protection of interest of public equity shareholders in case of listed companies during CIRP under IBC

19 Jan 2023

Drawing from the results and experience of the resolution process of many listed companies under the provisions of the Insolvency...

Publications Tax

Union Budget 2023 – Keeping direct tax litigation at bay

19 Jan 2023

Significant reforms in direct tax collection and management have occurred in recent years. However, dispute resolution remains a challenge for...

Publications BIS In India

BIS Quality Control Standards & the Toys Sector

19 Jan 2023

India is making her mark in the global economy. Towards this, there has also been a focused initiative towards ensuring...

Sector Books/Booklets Banking & Finance

Interplay of some of the recent judgements under IBC

18 Jan 2023

Events, Webcasts & Podcast Tax

PAN ID, space parks, IT stocks, basic structure doctrine

17 Jan 2023

In view of government schemes, India’s position in doing business has improved from 142 in 2014 to 63 in 2022....

Publications Securities Laws & Capital Markets

Whether SEBI has the power to initiate multiple proceedings for the same trade? SAT answers in affirmative

16 Jan 2023

Of late, there has been a burning dispute on whether SEBI can initiate fresh proceedings even though it has passed...

Alerts & Updates International Trade

Trade Update – January 16, 2023

16 Jan 2023

Determination that Tube Products of India, Ltd., a unit of Tube Investments of India Limited (collectively, TII) made sales of...

Alerts & Updates International Trade

ELP Trade Update – EU’s Foreign Subsidies Regulation

16 Jan 2023

On January 12, 2023, European Union’s (EU) Foreign Subsidies Regulation (FSR) came into force. The main intent was to address...

Publications Corporate & Commercial

Proposed regulations for foreign universities must take a holistic view to benefit students

16 Jan 2023

The National Education Policy, 2020 (NEP) sets out India’s intent to be promoted as a destination for global study. The...

News & Media Tax

Income tax scan. Banks to report every penny paid as interest to depositor

12 Jan 2023

As per the latest notification by Income Tax Department, effective from January 5, 2023, all banks, financial institutions, and post...

Newsletters Tax

Indirect Tax Newsletter – December Edition

11 Jan 2023

We are pleased to share our latest edition of Indirect Tax Newsletter December 2022 which includes detailed analysis of recent...

Alerts & Updates BIS In India

BIS Update: Notification of Standards for USB Type-C cables, connectors, and digital TV receptacles – January 11, 2023

11 Jan 2023

We are writing to you with an important update regarding requirements applicable to imports of USB Type-C Cables, Connectors and Digital...

Alerts & Updates International Trade

Trade Update – January 9, 2023

9 Jan 2023

Institution of Five Year Reviews of Anti-dumping duty orders and countervailing duty orders on imports of Certain Cold-Drawn Mechanical Tubing...

News & Media BIS In India

Platforms wary as voluntary BIS standard comes to e-user reviews

2 Jan 2023

The Bureau of Indian Standards has published the guidelines for online platforms that publish consumer reviews which could result in...

Publications Policy & Regulation

The FTX Collapse: Key Takeaways

6 Dec 2023

Globally, the crypto industry is still unravelling the collapse of FTX. While it prima facie appears to be a case...

News & Media Tax

GST Clarity On Road Annuity Payments May Brew Fresh Problems

4 Jan 2023

Economic Laws Practice (ELP)’s partner Ritesh Kanodia has been quoted in an article titled ‘GST Clarity On Road Annuity Payments May Brew...

News & Media Tax

India to Review Rules on How It Taxes Foreign Digital Services

4 Jan 2023

India will review rules to clarify how it will tax foreign companies that provide digital services such as internet advertising,...

News & Media Banking & Finance

Banks are not adding this clause to the new locker agreement: How does this impact you?

3 Jan 2023

As per the latest mandate by the Reserve Bank of India (RBI), the banks must sign a new bank locker...

News & Media Tax

Focus on ‘Uniform Regulation’, What IT Ministry’s Draft Rules on Online Gaming Mean for Industry; Experts Explain

3 Jan 2023

Online gaming has become a social lifeline and has a large community of people building connections. This week, the Ministry...

Alerts & Updates International Trade

Trade Update – January 2, 2023

2 Jan 2023

Determination that circular welded non- alloy steel pipe (CWP) from the Republic of Korea (Korea) was sold at prices below...

News & Media Tax

GST: Partial Fix for the Issue of Input Tax Credit Mismatch

30 Dec 2022

Ever since the Goods and Services Tax has been introduced, discrepancies in the tax credit have been a point of...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Ethylene Glycol – December 29, 2022

29 Dec 2022

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

Publications International Trade

How India Inc can contribute to lower emissions

29 Dec 2022

Greater ESG compliance and investment in green energy projects by the private sector can help India achieve its low-emission development...

Alerts & Updates Tax

ELP Tax Update – Clarifications & Amendments pursuant to the 48th GST Council Meeting

29 Dec 2022

Pursuant to the 48th GST Council Meeting held on December 17, 2022, the Central Board of Indirect Taxes & Customs (CBIC)...

News & Media Tax

Now, claim refunds on cancelled flat booking, insurance policy

29 Dec 2022

In the latest circular by the Central Board of Indirect Taxes & Customs (CBIC), an unregistered buyer (mostly an individual...

News & Media Real Estate

Indian real estate: Performance through FY23 and outlook for the future

29 Dec 2022

After a long period of economic stagnation and lockdowns, the real estate sector witnessed a significant boom in the current...

Alerts & Updates International Trade

Trade Update – December 26, 2022

26 Dec 2022

Preliminary Determination in the Administrative Review of Anti-dumping duty order on imports of Certain Cold-Drawn Mechanical Tubing of Carbon and...

News & Media Hospitality

Bankrupt hotel assets big draw with investors

6 Dec 2023

As a result of the COVID-19 pandemic, the hospitality sector was one of the worst-hit sectors where many companies and...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products – December 23, 2022

23 Dec 2022

We are writing to you with an important update regarding mandatory registration requirements applicable to imports of Phthalic Anhydride, Toluene, Terephthalic...

News & Media Tax

Can property tax be imposed on monuments?

21 Dec 2022

In a first-of-its-kind action by local authorities, the civic body in Agra, Uttar Pradesh, has asked the Archaeological Survey of...

News & Media Policy & Regulation

Streaming platforms may face challenges with children’s data in New Bill

6 Dec 2023

Children are often led by their curiosity to find answers, though sometimes, it also exposes them to content that is...

News & Media Tax

Govt to refund GST if purchase of incomplete house called off

20 Dec 2022

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...

Alerts & Updates Tax

ELP Tax Update – Highlights of the 48th GST Council Meeting held on 17 November 2022

19 Dec 2022

Some of the key recommendations of the Council vide the 48th GST Council Meeting held virtually on 17 November 2022, are as follows:

Publications Projects, Infrastructure & Energy

A roadmap for just energy transition – Balancing ambitious commitments and ground realities

19 Dec 2022

India has set itself an ambitious long-term goal of reaching net zero emissions by 2070. In August 2022, India updated...

Alerts & Updates International Trade

Trade Update – December 19, 2022

19 Dec 2022

Notice of Court Decision Not in Harmony With the Final Results in the Antidumping Duty Administrative Review; Notice of Amended...

Alerts & Updates International Trade

CBAM Update – Provisional Deal Reached Post EU Negotiations

15 Dec 2022

On December 13, 2022, negotiators of the Council and the European Parliament reached an agreement of a provisional and conditional...

Alerts & Updates International Trade

Trade Update – December 12, 2022

12 Dec 2022

Continuation of countervailing duty orders on finished carbon steel flanges from India and the anti-dumping duty orders on finished carbon...

Newsletters Tax

Indirect Tax Newsletter – November Edition

8 Dec 2022

We are pleased to share our latest Indirect Tax Newsletter which includes detailed analysis on recent case laws/advance rulings on...

Sector Books/Booklets Corporate & Commercial

Corporate Compendium

7 Dec 2022

India’s regulatory regime in the corporate sector has been witnessing swift changes. With a view to increase inbound investments, increase...

Alerts & Updates Projects, Infrastructure & Energy

The Clean Energy Tool

7 Dec 2022

ELP collaborates with Simmons & Simmons on The Clean Energy Tool. This Tool is a ready reckoner reliable legal and...

News & Media Banking & Finance

Alternative funding, tech-friendly and personalised services to boost digital lending, say experts

6 Dec 2022

Digital lending is convenient since it can be accessed through mobile devices and has less paperwork and eligibility checks than...

Alerts & Updates International Trade

Trade Update – December 5, 2022

5 Dec 2022

USA (Department of Commerce/International Trade Commission/International Trade Administration)

Alerts & Updates Corporate & Commercial

VCC structure recommended for funds in GIFT city

2 Dec 2022

With the objective of promoting innovative structures and attracting international players in International Financial Services Centres (IFSC), the International Financial...

Alerts & Updates Export Control & Customs

SCOMET Update: Amendment to Appendix 3 [List of SCOMET Items] to Schedule- 2 of ITC (HS) Classification of Export and Import Items, 2018

1 Dec 2022

The Government of India maintains a list of SCOMET items i.e., dual-use items having the potential for both civil application...

News & Media Policy & Regulation

After CCI, 15 more depts told to share info with ED

29 Nov 2022

With the Finance Ministry notifying as many as 15 additional departments, ministries, and regulatory bodies, including CVC, the Directorate General...

Alerts & Updates International Trade

Trade Update – November 28, 2022

28 Nov 2022

USA (Department of Commerce/International Trade Commission/International Trade Administration)

News & Media Tax

Redington’s ‘Dollar Team’ And Ripple Tax Effects on IT Sector

25 Nov 2022

Economic Laws Practice (ELP)’s partner Rahul Charkha has been quoted in an article by Bloomberg. The article discusses a recent decision of the...

News & Media Corporate & Commercial

How The Data Protection Bill Enables Govt Surveillance and Misuse of Personal Data

6 Dec 2023

In view of the recent Digital Personal Data Protection Bill, 2022 (DPDP Bill), the fourth iteration of India’s draft data...

Alerts & Updates Data Protection

Overview of the Digital Personal Data Protection (DPDP) Bill, 2022

25 Nov 2022

The Ministry of Electronics and Information Technology (MeitY) on November 18, 2022, has released its much-awaited personal data protection bill, i.e., the...

Alerts & Updates Corporate & Commercial

AIFs priority distribution model draws SEBI’s attention – Regulator temporarily restricts such AIFs from accepting fresh commitment or making new investments

24 Nov 2022

In a major move, SEBI has decided to temporarily restrict Alternate Investment Funds (AIFs) schemes which have adopted priority distribution...

Alerts & Updates International Trade

Trade Update – November 21, 2022

21 Nov 2022

Preliminary Results of Administrative Review of the Anti-dumping Duty Order on imports of Common Alloy Aluminum Sheet from China.

Alerts & Updates Corporate & Commercial

AIFs to segregate and ring-fence assets and liabilities of each scheme | Parameters provided for first close, tenure and change of sponsor/manager

18 Nov 2022

In an important change for the AIF industry, SEBI has mandated that the assets and liabilities of each scheme of...

Publications Tax

Redevelopment of housing society – GST implications

6 Dec 2023

Post the introduction of GST in 2017, the implications for the real estate sector have been dynamic and have continuously...

Alerts & Updates Corporate & Commercial

Qualifications added to appointment & removal of Independent Directors | Schemes for companies having listed Non-Convertible Securities

17 Nov 2022

SEBI has notified amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) vide the Securities and...

Alerts & Updates Tax

Who qualifies as Intermediary from a GST standpoint?

17 Nov 2022

India is considered a leading hub for Business Process Outsourcing (BPO) with leading Indian and overseas IT giants already having...

Publications Tax

Administrative Mechanism in India for Valuation of Related Party Imports- Perspective & Challenges

17 Nov 2022

At the heart of Customs law lies the quest to appropriately determine the pricing of goods sought to be imported...

Events, Webcasts & Podcast Policy & Regulation

ELP Podcast Series – Food Processing and Food Supply Industry

17 Nov 2022

News & Media Securities Laws & Capital Markets

SEBI overhauls appointment, removal process of IDs

16 Nov 2022

In the latest move, SEBI has given a leg up to the institution of independent directors in corporate boards, introducing...

Publications Policy & Regulation

Are creators of graphical and fictional characters protected?

16 Nov 2022

The world of the story and its characters have always been intriguing. With the recent wave of films, television series,...

Alerts & Updates Corporate & Commercial

ELP Corporate Update: Listed Companies – To Disclose or Not? SEBI Attempts to Provide Clarity

15 Nov 2022

With a view to streamline the disclosure requirements for material events and information under Regulation 30 of the SEBI (Listing...

News & Media Banking & Finance

IBBI chief urges creditors to file for default fast

6 Dec 2023

IBBI has called for a behavioral change among the creditors and urged them to submit their Corporate Insolvency Resolution Plan...

Alerts & Updates International Trade

Trade Update – November 14, 2022

14 Nov 2022

Final Results of Administrative Review of Countervailing Duty Order on imports of Carbon and Alloy Steel Threaded Rod   from China...

News & Media Litigation, Arbitration & Dispute Resolution

Can Freshworks brace itself for the US lawsuit impact?

14 Nov 2022

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...

ELP Knowledge Series Litigation, Arbitration & Dispute Resolution

ELP Knowledge Series India Update Part 3 of 2022

6 Dec 2023

We are happy to bring to you Economic Laws Practice (ELP)’s latest Knowledge Series.

Alerts & Updates Tax

ELP Tax Update – Circular issued to clarify aspects relating to Inverted Duty Refund

11 Nov 2022

Since the inception of GST, provisions relating to inverted duty (ID) refund have been contentious. Recently, the formula for claiming...

News & Media Securities Laws & Capital Markets

Modest success for new settlement scheme

6 Dec 2023

Our Partners have been quoted in The Financial Express article titled 'Modest success for new settlement scheme'.

Publications International Trade

Digital Trade Clauses in FTAs and India’s Data Industrialization Goals: The Bilateral Way Forward

6 Dec 2023

India’s digital trade potential The incentivization for digitization coupled with pandemic-imposed necessity for adoption of digital tools has led to...

Alerts & Updates International Trade

Trade Update – November 7, 2022

7 Nov 2022

Preliminary determination the sole mandatory respondent, Habas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S. (Habas), a producer and exporter of...

Newsletters Tax

Navigating GST 2.0 Issue 15

2 Nov 2022

Economic Laws Practice (ELP) & Taxsutra are pleased to present the latest issue of their joint publication “Navigating GST -2.0”.

Alerts & Updates International Trade

Trade Update – October 31, 2022

31 Oct 2022

Determined that revocation of the antidumping duty and countervailing duty orders on imports of stainless steel sheet and strip from...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products – October 26, 2022

26 Oct 2022

Dear Reader, We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain...

Alerts & Updates International Trade

Trade Update – October 25, 2022

25 Oct 2022

KEY TRADE REMEDIAL UPDATES Subject countries Product Investigation Particulars USA (Department of Commerce/International Trade Commission/International Trade Administration) China Certain Hardwood...

Publications Banking & Finance

IBC journey so far

20 Oct 2022

The Government, as the prime mover of the economic and financial system of the Country, has time and again taken...

Alerts & Updates International Trade

Trade Update – October 17, 2022

17 Oct 2022

India-UK free trade agreement: Diwali deadline no longer valid, negotiations still on

Newsletters Competition Law & Policy

ELP – Quarterly Update – Competition Law & Policy – Q3 of 2022

17 Oct 2022

In our current update we have covered key enforcement and M&A matters in India including: CCI closing allegations of bid-rigging...

Events, Webcasts & Podcast Real Estate

Maha RERA : Empowering Home Buyers

13 Oct 2022

While we are seeing exciting times and growth in the real estate sector, we discuss a recent update that affects...

Events, Webcasts & Podcast Tax

GST & Real Estate

13 Oct 2022

Historically, whenever legislation has sought to limit the deduction for the subject matter (goods or services) on which tax is...

Alerts & Updates Banking & Finance

Legal updates on banking sector

12 Oct 2022

Meity clears way for digital form of certain negotiable instruments and power of attorney (in favour of regulated bodies) and...

Alerts & Updates Banking & Finance

In a big policy shift RBI allows asset reconstruction companies to be resolution applicant under Insolvency and Bankruptcy Code, 2016

12 Oct 2022

In a big policy shift RBI allows asset reconstruction companies to be resolution applicant under Insolvency and Bankruptcy Code, 2016

Alerts & Updates International Trade

Trade Update – October 10, 2022

10 Oct 2022

Final Results of Administrative Review of Antidumping Duty on imports of Carbon and Alloy Steel Wire Rod from Korea RP.

News & Media BIS In India

Is hallmarking mandatory for silver jewellery, coins?

6 Oct 2022

With the festive season upon us, the demand for gold and silver jewelry is likely to go up. To ensure...

Publications Banking & Finance

India’s Road Map for Digital Lending – Action Points for The Lenders

4 Oct 2022

The Hon’ble Finance Minister in her budget speech of 2022-23, ushered in a new era for Indian banking and set...

Sector Books/Booklets Banking & Finance

Interplay of some of the recent judgments under IBC

4 Oct 2022

The Appellant had filed a Commercial Suit (No. COMS/1218/2019) before the Bombay High Court for recovery of outstanding amount from...

Alerts & Updates International Trade

Trade Update – October 3, 2022

3 Oct 2022

Notice of Covered Merchandise Referral and Initiation of Covered Merchandise Inquiry

News & Media Banking & Finance

Policy shift IBBI allows Insolvency Professional Entity to become an IP

3 Oct 2022

The Insolvency and Bankruptcy Board of India has now allowed an Insolvency Professional Entity (IPE) to be registered as an...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products – September 30, 2022

30 Sep 2022

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

Alerts & Updates Corporate & Commercial

SEBI permits FPIs to participate in exchange traded commodity derivatives market – EFEs mechanism discontinued

6 Dec 2023

In continuation of the decision taken at SEBI board meeting dated June 29, 2022 (available here) to allow Foreign Portfolio...

Publications International Trade

Overview of India’s Trade in Services & General Data Considerations: Part 1

29 Sep 2022

In the first part of ELP’s three-part series on “Trade in Services & General Data Considerations”, we explore the intersection...

News & Media Banking & Finance

MC explains: SBI’s insolvency plea against Jaiprakash Associates may lead to tough times for homebuyers

6 Dec 2023

State Bank of India has filed an insolvency plea against Jaiprakash Associates, the construction company of Jaypee Group, for defaulting on...

Publications Banking & Finance

Trust Theory, Security and Margin Money: The effect of Moratorium under the Insolvency and Bankruptcy Code on such Transactions

28 Sep 2022

This write up delves upon some of the deeper underlying aspects of ‘margin money’. It also discusses the effect of...

News & Media Labour & Employment

Moonlighting: No blanket ban in India though several laws frown upon it

6 Dec 2023

Moonlighting: No blanket ban in India though several laws frown upon it In light of recent events which drew attention...

Alerts & Updates International Trade

Trade Update – September 26, 2022

26 Sep 2022

Diffusion-Annealed, Nickel-Plated Flat-Rolled Steel Products

News & Media Corporate & Commercial

Fillip to CSR: Govt relaxes impact assessment fee cap for CSR projects, allows cos to spend over ?50 lakh

23 Sep 2022

Corporate Social responsibility initiatives lift society along with the economy. To strengthen the narrative, the Ministry of Corporate Affairs (MCA)...

News & Media Real Estate

What to do if you have lost property papers

23 Sep 2022

Losing documents can be a nightmare for anyone who owns the property, business, or anything which derives commercial value. In...

Alerts & Updates Corporate & Commercial

MCA amends CSR norms to further CSR objectives

22 Sep 2022

With the objective of providing wider and clearer regulation for companies complying with Corporate Social Responsibility

Publications Litigation, Arbitration & Dispute Resolution

A creature called ‘Emergency Arbitrator’

22 Sep 2022

Introduction The status of an ‘Emergency Arbitrator’ and that of an ‘award’ passed by him has been a point in...

News & Media BIS In India

Govt hikes gold, silver hallmarking charges; here are the details of new charges

22 Sep 2022

Owning gold and silver derives a value of heritage in this country . Hallmarking is now par for the course...

Publications Tax

Taxability of Support Services for Petroleum Operations under GST

21 Sep 2022

Petroleum products are outside the coverage of GST. Consequently, these products suffer non-creditable GST and other costs/taxes on their procurement...

Publications Banking & Finance

Stage set for hybrid resolutions and faster realization of assets under insolvency and bankruptcy code

20 Sep 2022

The Insolvency and Bankruptcy Code, 2016 (IBC Code) was implemented against the backdrop of challenges faced by the Banking Sector...

Alerts & Updates International Trade

Trade Update – September 19, 2022

19 Sep 2022

Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel

News & Media Corporate & Commercial

India Inc told to pay dues

19 Sep 2022

With an intent to ease of doing business and reduce stiff compliances for the MSME sector, the Ministry of Corporate...

News & Media Corporate & Commercial

Ease of doing biz: Capital norms relaxed for “small companies”

17 Sep 2022

The Corporate Affairs Ministry (MCA) has relaxed the paid-up capital threshold for small companies, facilitating further Ease of Doing Business...

Alerts & Updates Corporate & Commercial

MCA widens ambit of “small company” to further ease of doing business

16 Sep 2022

With the objective of providing relaxations to more companies in terms of reduced compliance requirements available to “small company” under...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration update – Of Foreign Seated Tribunals and Interim Relief in India: A saga that continues

16 Sep 2022

Every party to an arbitration agreement seeking interim relief faces a choice right at the outset between approaching a court...

News & Media Banking & Finance

IBBI bars RPs from accepting or sharing fees with other professionals

15 Sep 2022

IBBI Bars Resolution Professionals from accepting or sharing fees with other professionals In an update by the Insolvency regulator, the...

Newsletters Export Control & Customs

The India Post – August 2022

13 Sep 2022

In our August 2022 edition of The India Post, we analyze the following Legislative Update on Customs: The recent clarification...

Alerts & Updates Competition Law & Policy

CCI’s market study on Competition and Regulatory issues In the Taxi and Cab Aggregator Industry

12 Sep 2022

Introduction On September 9, 2022, the Competition Commission of India (CCI) published its market study on competition and regulatory issues...

Alerts & Updates International Trade

Trade Update – September 12, 2022

12 Sep 2022

Determination that amorphous silica fabric with 70–90 percent silica content (70– 90 percent ASF) from the People’s Republic of China...

Publications Policy & Regulation

SC Verdict on Money Laundering – Takeaways and Aftermath

6 Dec 2023

One of the most awaited decisions this year was pronounced in Vijay Madanlal Choudhary. The three-judge bench of the Supreme...

News & Media Banking & Finance

Hard learned lesson: Not wearing rear-seat belt may affect claim payout

9 Sep 2022

Dinesh Pednekar, Partner, Economic Laws Practice (ELP) Laws Practice has been quoted in The Economic Times article regarding the rules pertaining to...

News & Media Real Estate

A handy legal guide to a successful real estate transaction

5 Sep 2022

Property buying can often be a messy and complicated affair. Therefore, it is imperative that one undertakes independent scrutiny of...

News & Media

Return to workplace may ease moonlighting concerns in IT industry, say experts

5 Sep 2022

Globalization has redefined careers, especially with technology providing a diverse script for options. In this scenario, the concept of moonlighting...

News & Media Banking & Finance

Corporate insolvency: MCA empowers resolution professionals to sign and file e-charge forms

5 Sep 2022

The Corporate Affairs Ministry (MCA) has now empowered interim resolution professionals (IRPs), resolution professionals (RPs) and liquidators to file necessary...

Alerts & Updates International Trade

Trade Update – September 5, 2022

5 Sep 2022

Final Results of the Expedited First Sunset Review of the Antidumping Duty Orders on imports of Finished Carbon Steel Flanges...

News & Media Real Estate

Where Is Your Maintenance Fee Getting Used?

2 Sep 2022

Living whether independently or with family comes with its set of responsibilities. Do you live in a housing society where...

Publications Projects, Infrastructure & Energy

Creating an architecture for net zero emissions

1 Sep 2022

AN ARCHITECTURE FOR NET ZERO SUBMISSIONS  We all are the stakeholders in climate change and with that intent, arises the...

News & Media Banking & Finance

RCap insolvency: Will creditors lose out in the resolution?

1 Sep 2022

Reliance Capital’s resolution has received tepid response as only four firms have made financial bids for the entire company, including...

Alerts & Updates Banking & Finance

Recent landmark judgements of the Supreme Court under IBC

30 Aug 2022

By way of its two landmark judgments delivered on August 26, 2022, in the matter of CIRP/Liquidation of ABG Shipyard, the...

Alerts & Updates International Trade

Trade Update – August 29, 2022

29 Aug 2022

Issuance of Final Affirmative Countervailing Duty Determination notice of Certain Steel Nails from India.

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products – August 25, 2022

25 Aug 2022

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

Alerts & Updates Corporate & Commercial

Government revamps overseas investment rules: allows investment in financial services, deferred payment of consideration & other changes

25 Aug 2022

GOVERNMENT REVAMPS OVERSEAS INVESTMENT RULES: ALLOWS INVESTMENT IN FINANCIAL SERVICES, DEFERRED PAYMENT OF CONSIDERATION & OTHER CHANGES With a view...

News & Media Banking & Finance

IBC cases: For every Rs.100 of claims admitted, banks took haircut of Rs.69

25 Aug 2022

Banks continue to reel under disproportionately large “haircuts” with an average of Rs.69 going towards losses for every Rs.100 of...

News & Media Litigation, Arbitration & Dispute Resolution

Supreme Court strikes down provision of 1988 Benami law

24 Aug 2022

The Supreme Court ruled that the 2016 amendment to the benami property law cannot be applied retrospectively, quashing all such...

Alerts & Updates Policy & Regulation

Issuance of framework for ‘ship leasing’ by IFSCA

24 Aug 2022

BACKGROUND In an important development, International Financial Services Centres Authority (IFSCA) has issued the framework for undertaking ship leasing business...

News & Media Policy & Regulation

Experts analyse SC’s latest order on Benami transactions

24 Aug 2022

Post Supreme Court ruling, all the criminal prosecution or confiscation proceedings initiated under the Benami Transaction Prohibition Act before October...

News & Media Policy & Regulation

Ethical codes for pharmas, EPFO, FMCG margins and moonlighting

23 Aug 2022

The Federation of Medical & Sales Representatives Association of India, or FMRAI, has moved the Supreme Court with a petition....

Alerts & Updates Corporate & Commercial

MCA prescribes procedure for physical verification of registered office of a company

22 Aug 2022

In a recent amendment, Ministry of Corporate Affairs (MCA) has inserted a new Rule 25B under the Companies (Incorporation) Rules,...

Alerts & Updates International Trade

Trade Update – August 22, 2022

22 Aug 2022

Crystalline Silicon Photovoltaic Cells, Whether or Not Assembled into Modules

News & Media Real Estate

India’s most delayed residential projects

22 Aug 2022

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...

Publications Tax

GST: A Strict Framework For Arrests, Bail, Summons Is Here

19 Aug 2022

Merely because an arrest can be made because it is lawful does not mandate that arrest must be made, notes...

Alerts & Updates Corporate & Commercial

SEBI issues guidelines for investment in overseas companies by AIF/VCF: Overseas investee company no longer required to have an Indian connection

19 Aug 2022

Pursuant to the erstwhile SEBI (Venture Capital Funds) Regulations 1996 and the present SEBI (Alternative Investment Funds) Regulations, 2012, AIF/...

Publications Real Estate

Sale of Developed Plot- Developers on the Fence

17 Aug 2022

Industry was keenly awaiting the decisions of the 47th GST Council meeting which took place after a long six-month gap...

Alerts & Updates Securities Laws & Capital Markets

Apex Court directs SEBI to disclose: Cherry-Picking not an option while adhering to the principles of natural justice

16 Aug 2022

The Supreme Court of India has recently delivered a landmark decision, in the matter of Reliance Industries Limited v. Securities...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products – August 16, 2022

16 Aug 2022

We hope this email finds you well. We are writing to you with an important update regarding mandatory registration requirements applicable...

Alerts & Updates International Trade

Trade Update – August 15, 2022

15 Aug 2022

USITC makes determination in Five-Year (Sunset) Review concerning Lemon Juice from Argentina

Publications Tax

Indian Supreme Court Finds Taxation of Ocean Freight Unconstitutional

12 Aug 2022

A recent decision in Union of India v Mohit Minerals Pvt. Ltd by a three-judge bench of the Indian Supreme...

News & Media Corporate & Commercial

Tata Trusts takes legal opinion on Trust deed changes

12 Aug 2022

The Tata Trusts are consulting legal experts to examine the possibility of including a clause in the trust deeds to...

Newsletters Projects, Infrastructure & Energy

Infrastructure & Energy Digest – July 2022

6 Dec 2023

We are happy to bring to you a new edition of ELP’s Infrastructure & Energy Digest. Our newsletter provides a...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Loop Telecom and Trade Limited v. Union of India & Anr., Civil Appeal No. 1447 – 1467 of 2016

10 Aug 2022

In this decision, the Hon'ble Supreme Court of India has held a telecom service provider, whose telecommunication licenses had been...

Newsletters Tax

Navigating GST 2.0 – Issue 14

10 Aug 2022

ELP & Taxsutra are pleased to present the latest issue of our joint publication – “ Navigating GST -2.0”.

Publications Tax

GST Circular On Liquidated Damages – Opportunities In Contracts/Claims

10 Aug 2022

On August 3, 2022, the Department of Revenue, Ministry of Finance issued its clarificatory Circular No. 178/10/2022-GST which primarily addresses...

News & Media Tax

Damages have become less damaging

8 Aug 2022

The Government of India has issued the much-awaited clarification (vide Circular No. 178/10/2022-GST dated 3rd August 2022) on what could...

Alerts & Updates International Trade

Trade Update – August 8, 2022

8 Aug 2022

Institution of Five-Year Review of the Anti-Dumping Duty Order on Imports of Cased Pencils from China

News & Media Tax

GST Relief For Breach Of Contract, Damages

5 Aug 2022

A much-litigated issue between the indirect tax department and businesses has received some clarity. The government has shared its view...

News & Media Securities Laws & Capital Markets

Board gets more teeth: SEBI widens ambit to proceed against intermediaries

4 Aug 2022

The Securities and Exchange Board of India (SEBI) has amended the SEBI (Intermediaries) Regulations, 2008 and replaced the words ‘designated...

Newsletters Tax

The decision of the Supreme Court in FILCO Trade Centre Pvt Ltd – A Happy Ending to the undesirable tale of transitional credit

2 Aug 2022

The recent decision of Hon’ble Supreme Court in the matter of Filco Trade Center Pvt. Ltd settles the long-drawn dispute...

News & Media Policy & Regulation

Consultancies fear WFH affecting soft skills in new hires

30 Jul 2022

Has work from home comprised on honing the soft skills aspects of juniors? Today's article in the The Economic Times...

Alerts & Updates International Trade

Trade Update – August 1, 2022

1 Aug 2022

USITC Makes Determinations in Five-Year (Sunset) Reviews concerning Polyester Staple Fiber from South Korea and Taiwan

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products – July 29, 2022

29 Jul 2022

We hope this email finds you well. We are writing to you with an important update regarding mandatory registration requirements applicable...

Sector Books/Booklets Tax

GST In India The Road Ahead

28 Jul 2022

No doubt, businesses and the Government have faced their respective set of challenges to adapt to the GST regime.  Greater...

Events, Webcasts & Podcast Litigation, Arbitration & Dispute Resolution

ELP Podcast Series – Arbitration 101

28 Jul 2022

News & Media Securities Laws & Capital Markets

SEBI moves SC against stay on order rejecting Brickwork’s consent plea

6 Dec 2023

The Securities and Exchange Board of India (SEBI) has moved the Supreme Court against a stay order issued by the...

News & Media Tax

As July 31 deadline looms, only 50% IT returns filed; tech glitches, AIS non-updation blamed

25 Jul 2022

As the July 31 deadline for filing Income Tax Return approaches, less than 50 per cent of the returns have...

Alerts & Updates International Trade

Trade Update – July 25, 2022

25 Jul 2022

US ITC makes determinations in Five-Year (Sunset) Review Concerning Cold-Rolled Steel Flat Products From Brazil, China, India, Japan, Korea, and...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Update – Essential ingredients of the notice invoking arbitration under Section 21 of the Arbitration & Conciliation Act, 1996

25 Jul 2022

Essential ingredients of the notice invoking arbitration under Section 21 of the Arbitration & Conciliation Act, 1996 M/s D.P. Construction...

News & Media Policy & Regulation

Law firms and Big Four cross paths in search of new avenues of growth

22 Jul 2022

ELP’s Sujjain Talwar, has been quoted in an article co-authored by Maulik Vyas and Sachin Dave’s in today’s Economic Times....

News & Media Tax

Kerala’s GST deviation will need legal backing; council dispute mechanism should kick in: experts

21 Jul 2022

The GST Council in June tweaked norms to impose a 5 percent tax on pre-packaged and labelled pulses, cereals, flour...

News & Media Tax

Karnataka High Court Upholds GST Exemption On Annuity Payments For Road Construction

21 Jul 2022

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...

Publications Technology, Media & Telecommunications

Artificial Intelligence: Trends in The Legal Industry

1 Mar 2022

Introduction Several high-end technologies like AI-powered research tools, document review, conversational humanoids, self-drive cars, AI voice assistants, and sophisticated robots...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Update – Kerala Revocation of Arbitration Clauses and Reopening of Awards Act, 1998 encroaches upon the judicial power of the State

19 Jul 2022

he Hon’ble Supreme Court of India (Hon’ble Court) has upheld the Hon’ble High Court of Kerala’s decision on the unconstitutionality...

News & Media Tax

You may end up getting income tax notice if this document is filled with error

6 Dec 2023

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...

Publications Tax

Guidelines on TDS on transfer of Virtual Digital Assets

19 Jul 2022

Vide Indian Union Budget of 2022 a new tax regime has been introduced for taxing Virtual Digital Assets (“VDA”) in...

Publications Tax

Inverted duty structure: Walking towards making GST a good and simple Tax

18 Jul 2022

The 47th GST Council Meeting provided a sigh of relief on the issue of inverted duty structures. Our colleagues Harsh Shah and Ankita...

Alerts & Updates International Trade

Trade Update – July 18, 2022

18 Jul 2022

In the case, AD684 – Anti-dumping investigation concerning imports of ceramic tiles originating in India and Turkey, EC does not...

News & Media Corporate & Commercial

All that shareholders need to know before attending an e-AGM

13 Jul 2022

The ministry of corporate affairs has allowed companies whose AGMs are due in 2022 to conduct such meetings through video...

Sector Books/Booklets Tax

Taxand : Global M&A Tax Guide 2022 – Complete Guide

12 Jul 2022

Argentine law provides for several types of legal entity through which business activities may be carried out in Argentina.

Sector Books/Booklets Tax

Taxand: Global M&A Tax Guide 2022 – India Chapter

12 Jul 2022

A company is an artificial jurisdictional person having a separate legal entity. It is incorporated and regulated by the provisions...

Newsletters Policy & Regulation

Guidelines on misleading advertisements in India

12 Jul 2022

GUIDELINES ON MIS-LEADING ADVERTISEMENTS IN INDIA: MUCH  NEEDED CLARITY ON DO’S AND DON’TS FOR ADVERTISEMENTS IN INDIA The Central Consumer...

News & Media Tax

Will ITR filing deadline for FY 2021-22 be extended?

12 Jul 2022

The last date for filing an income tax return (ITR) for FY 2021-22 (AY 2022-23) is July 31, 2022. In...

Alerts & Updates International Trade

Trade Update – July 11, 2022

11 Jul 2022

USITC Makes Determinations in Five-Year (Sunset) Review Concerning Stainless Steel Plate from Belgium, South Africa, and Taiwan

Publications Tax

Flurry of GST Circulars: Understanding the Changes

11 Jul 2022

As a result of the 47th meeting of the Goods and Services Tax Council concluded on June 29, a series...

News & Media Real Estate

Will vs Gift Deed

8 Jul 2022

  Estate planning is essential to minimize any issues that may arise at a future date with regards to both,...

Newsletters Tax

47th GST Council Meeting: Analysis by Economic Laws Practice

7 Jul 2022

The 47th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman was held...

News & Media Corporate & Commercial

Have you claimed your dividend yet? Here’s how to get a refund

7 Jul 2022

One of the perks of owning shares of any company is the dividends—the profit or surplus that is distributed among...

News & Media Tax

GST Council’s 47th Meeting- Experts React!

30 Jun 2022

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...

Publications Tax

The High Tide of Export Duty on Steel – Evaluating the Consequences

5 Jul 2022

The steel industry in India is globally competitive and has continued to see momentum despite the disruption caused by the...

Events, Webcasts & Podcast Litigation, Arbitration & Dispute Resolution

ELP Podcast Series – ELP and Gall Solicitors on Summary Judgement and Wire Frauds

4 Jul 2022

Alerts & Updates International Trade

Trade Update – July 4, 2022

4 Jul 2022

KEY TRADE REMEDIAL UPDATES

News & Media Tax

Why buying gold jewellery is set to become expensive: Check here the complete cost

1 Jul 2022

Buying gold jewellery is set to become more expensive for consumers. This is because the government has hiked the import...

Publications Tax

Taxing gifts — circular adding to confusion

30 Jun 2022

From July 1, a new TDS provision (Section 194R) is being introduced in the Income Tax Act with a view...

News & Media Banking & Finance

IBBI proposes ’regulation fee’ on corporate insolvency resolution plans to shore up its finances

30 Jun 2022

Insolvency regulator IBBI proposes to levy a ‘regulation fee’ of 0.25 per cent on the resolution value of corporate insolvency...

News & Media Tax

47th GST Council Meet | Analysing GST Council’s decision

30 Jun 2022

The 47th meeting of the Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman was held...

News & Media Competition Law & Policy

CCI has ordered a probe into Zomato and Swiggy on a complaint from NRAI – on these companies violating Section 3

6 Apr 2022

CCI has ordered a probe into Zomato and Swiggy on a complaint from NRAI – on these companies violating Section...

Alerts & Updates Corporate & Commercial

Various changes by SEBI & MCA

29 Jun 2022

The SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations)

Alerts & Updates International Trade

Trade Update – June 27, 2022

27 Jun 2022

Preliminary Affirmative Determination of Sales at Less Than Fair Value, Postponement of Final Determination, and Extension of Provisional Measures

News & Media International Trade

At WTO, Tech Policy Changes Take a Break

27 Jun 2022

As leaders of various countries set aside their differences to sign a historic pact at the World Trade Organisation's 12th...

News & Media Real Estate

MC Explains: Why was it necessary to issue cancellation notices to around 3,000 Amrapali buyers?

23 Jun 2022

The Supreme Court-appointed court receiver, tasked with monitoring the completion of real estate company Amrapali’s stalled projects in Noida and...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Litigation Update – High Court of Bombay: Interim stay on levy of Stamp Duty on Bills of Entry

22 Jun 2022

The High Court of Bombay in Viraj Profiles v. The State of Maharashtra & Ors

Alerts & Updates Corporate & Commercial

Clarifications by IFSCA | Amendments by NFRA

22 Jun 2022

RESIDENT INDIVIDUALS NOT PERMITTED TO INVEST IN BULLION DEPOSITORY RECEIPTS ON IIBX IN IFSC UNDER LRS ROUTE | NON-COMPLIANCE WITH...

Alerts & Updates International Trade

Trade Update – June 20, 2022

20 Jun 2022

WTO members secure unprecedented package of trade outcomes at MC12, including: – A Ministerial Declaration on the Emergency Response to...

Alerts & Updates International Trade

The WTO’s MC-12: Key outcomes and highlights

17 Jun 2022

Introduction The much-awaited 12th Ministerial Conference of the World Trade Organization took place from 12 to 16 June 2022, resulting...

News & Media Banking & Finance

Insolvency regulator IBBI proposes to enable entities to become insolvency professional

15 Jun 2022

Insolvency regulator IBBI proposes to revisit the policy of allowing only individuals to be registered as insolvency professionals. It now...

News & Media Tax

Five years of GST a mixed bag, a multiplicity of notices troubling businesses

16 Jun 2022

On the occasion of completion of five years of the GST reform on July 1, 2022 , Ritesh Kanodia, Partner at Economic Laws...

News & Media Banking & Finance

IBBI invites suggestions on separate regulatory framework for home-buyers under IBC

15 Jun 2022

Corporate insolvency resolution process of stressed real estate developers could see an overhaul with the Insolvency and Bankruptcy Board of...

Publications Export Control & Customs

New directions and departures: Beyond ‘normal’ export control and sanctions

6 Dec 2023

Recent years have witnessed a surge in the application of export controls in part driven by the continuing advances in...

News & Media Tax

Will the Curtains Fall for the One Nation, One Tax Regime?

15 Jun 2022

In a recent judgment, the Apex Court dismissed the central government’s appeal challenging a Gujarat High Court ruling that termed...

Alerts & Updates Export Control & Customs

ELP Export Control Update – Liberalization to the Export Control Policy Regulations concerning Global Authorization for Intra-Company Transfers

14 Jun 2022

Liberalization to the Export Control Policy Regulations concerning Global Authorization for Intra-Company Transfers  Introduction In furtherance of the earlier policies...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Supreme Court sets timer for disposal of pending applications under Section 11 of the Arbitration Act

14 Jun 2022

In Shree Vishnu Constructions, the Supreme Court observed that the impugned judgement was passed by the High Court for the

News & Media Corporate & Commercial

Independent directors: MCA gives additional one year timeline for clearing online self-assessment proficiency test

14 Jun 2022

The Centre has introduced a new window for name restoration of those independent directors who were removed from a databank...

Alerts & Updates International Trade

Trade Update – June 13, 2022

13 Jun 2022

DG Okonjo-Iweala urges members to seize the opportunity to deliver meaningful outcomes at the upcoming 12th Ministerial Conference (MC12) scheduled to...

News & Media Projects, Infrastructure & Energy

Aviation watchdog uses sharper teeth to punish wrongdoing by airports, airlines

9 Jun 2022

In January, the Directorate General of Civil Aviation (DGCA) slapped a penalty of Rs 20 lakh on Kolkata's Netaji Subhas Chandra...

News & Media Real Estate

Here is what you should know about oral promises made by real estate developers

7 Jun 2022

In a recent order passed by the Bombay High Court, the Honb’le court has held that a written agreement entered...

News & Media Tax

One Supreme Court Ruling. Two Taxing Consequences

27 May 2022

In a ruling that’ll impact multinationals deputing employees to their Indian affiliates, the Supreme Court has upheld the revenue department’s...

News & Media Tax

GST: Cross-Charge Issue Just Got Real

4 Jun 2022

If the goods and services tax department has its way, branch offices should be paying their head offices for employee...

Alerts & Updates International Trade

Trade Update – June 6, 2022

6 Jun 2022

WTO members adopt two panel reports, (DS524) one concerning Mexico’s challenge to Costa Rica’s restrictions on imports of fresh avocados...

Alerts & Updates Corporate & Commercial

Various changes introduced by MOF IFSCA MCA & SEBI

3 Jun 2022

Courses offered by foreign universities/institutions notified as a “financial service”: Ministry of Finance has notified certain courses offered by foreign universities...

ELP Knowledge Series Corporate & Commercial

ELP Knowledge Series India Update Part 2 0f 2022

3 Jun 2022

This document is intended to keep you updated on the latest legal, policy and regulatory developments in India. It is...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products

31 May 2022

This is an update regarding mandatory registration requirements applicable to imports of certain Chemicals into India.

Alerts & Updates International Trade

Trade Update – May 30, 2022

30 May 2022

UDOC issues a final affirmative determination of Sales at Less-Than-Fair Value

News & Media BIS In India

Gold jewellery buyers to get purity hallmark on all types of gold articles from June 1

26 May 2022

At present, as per the Bureau of Indian Standard's (BIS) website, gold hallmarking is allowed for 6 purity categories. Thus,...

News & Media Banking & Finance

How Are Operational Creditors Different from Financial Creditors

26 May 2022

Recently, the Supreme Court, in an order which could bring relief to homebuyers whose real estate company is facing insolvency...

News & Media Tax

Courts Will Now Have To Be More Proactive In Judicial Review Of GST Legislation Say Legal Experts

24 May 2022

Kumar Visalaksh, Partner Economic Laws Practice (ELP), discusses the recent Supreme Court Ruling which held that recommendations of the GST Council...

Alerts & Updates International Trade

Trade Update – May 23, 2022

23 May 2022

WTO launches a new WTO data portal to provide easy access to key databases offering trade statistics and information on...

News & Media Tax

The Bugbear for India’s Online Gaming Industry

23 May 2022

India’s online gaming industry is poised to take off like never before. Considered to be one of the future pillars...

News & Media Forensics & Fraud Investigations

Forensic auditors seek indemnity from banks, NBFCs against litigation.

23 May 2022

Forensic auditors are now seeking protection against litigation cases, as promoters and managements of companies facing allegations of fraud are...

Alerts & Updates International Trade

Update on India-UAE CEPA

23 May 2022

On 18 February 2022, India and the United Arab Emirates (UAE) signed the India-United Arab Emirates Comprehensive Economic Partnership Agreement (“CEPA”),...

News & Media Tax

SC rulings to bring relief to importers, clarity on GST Council’s role

20 May 2022

The Supreme Court judgment scrapping Integrated Goods & Services Tax (IGST) on ocean freight will bring lot of relief for...

Alerts & Updates Tax

ELP Tax Update – Supreme Court strikes down levy of IGST on Ocean Freight

20 May 2022

The Supreme Court in its landmark ruling in the case of UOI vs. Mohit Minerals Pvt. Ltd. [C.A. No. 1390...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Update – Delhi Airport Metro Express Private Limited versus Delhi Metro Rail Corporation

18 May 2022

DISCRETION TO GRANT INTEREST AVAILABLE WITH THE ARBITRAL TRIBUNAL ONLY IN ABSENCE OF AGREEMENT TO THE CONTRARY: SUPREME COURT INTERPRETS...

News & Media Real Estate

Own a property in a cooperative housing society? Here is why nomination is important

12 May 2022

Increase in population density in major cities led to increase in Floor Space Index (FSI) and this coupled with advancement...

Alerts & Updates International Trade

Trade Update – May 16, 2022

16 May 2022

WTO members welcome Quad (European Union, India, South Africa and the United States) document as basis for text-based negotiations on...

News & Media Tax

PAN, Aadhaar a must for cash transactions above Rs 20 lakh a year

13 May 2022

The Central Board of Direct Taxes (CBDT) said in a notification on May 10 to mandatorily quote either PAN or...

News & Media Tax

CBDT broadens scope of PAN requirements to transactions

6 Dec 2023

The Central Board of Direct Taxes (CBDT) has extended the requirement of Permanent Account Number (PAN), for more transactions as...

News & Media Tax

PAN, Aadhaar now mandatory for cash deposits, withdrawals above this amount in banks, post office

11 May 2022

The government has made quoting of PAN or Aadhaar number mandatory if the cash deposits and withdrawals in a financial...

News & Media Litigation, Arbitration & Dispute Resolution

A problem of unrealised decrees

2 May 2022

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...

Alerts & Updates International Trade

Trade Update – May 9, 2022

9 May 2022

India raises concerns at the WTO over a host of trade barriers built in by Indonesia, including export restrictions on...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Update – Ravi Ranjan Developers Pvt. Ltd. v. Aditya Kumar Chatterjee

9 May 2022

Supreme Court:  An application under Section 11(6) of the Arbitration Act would lie before the ‘High Court’ which exercises supervisory...

News & Media Corporate & Commercial

MCA extends virtual AGM facility till December

6 May 2022

In what is seen as a relief for India Inc that is faced with pandemic-induced compliance hardships, the Corporate Affairs...

Alerts & Updates Corporate & Commercial

Important Changes by MCA

9 May 2022

Transfer and issuance of securities by companies to comply with foreign exchange laws | India Inc. gets extension to hold...

News & Media Policy & Regulation

Crypto Exchanges Now Required to Store KYC Data for 5 Years. Is it a Yay or Nay from the Industry?

6 May 2022

In a bid to enhance India’s cyber security and crypto infrastructure, the Indian Computer Emergency Response Team (CERT-in) has mandated...

Newsletters Tax

Navigating GST 2.0 – Issue 13

5 May 2022

ELP & Taxsutra are pleased to present the latest issue of our joint publication – “ Navigating GST -2.0”.

News & Media Banking & Finance

Rs two lakh crore ‘avoidance transaction’ claims pending with NCLTs

5 May 2022

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...

Newsletters Export Control & Customs

The India Post – Volume 2

4 May 2022

Dear Reader Economic Laws Practice (ELP) has published it’s second edition (Volume II) of The India Post, a monthly Customs and...

News & Media Real Estate

“Property papers lost, damaged, destroyed? Get a Certified or True Copy”

4 May 2022

Aditya Khadria, Partner at Economic Laws Practice (ELP) has been quoted in an article on Money Control – “Property papers...

Alerts & Updates International Trade

Trade Update – May 2, 2022

2 May 2022

On April 13, 2022, a WTO Panel issued its report in the dispute Costa Rica — Measures Concerning the Importation of...

News & Media Real Estate

Purchasing a residential property? Be aware of these things

29 Apr 2022

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,...

News & Media Litigation, Arbitration & Dispute Resolution

How the latest Supreme Court judgement expands daughter’s legal rights to father’s property

18 Feb 2022

In a significant verdict, the Supreme Court ruled that the daughters of a male Hindu, dying intestate, would be entitled...

Alerts & Updates Corporate & Commercial

New Fund Management Regulations Issued For Ifsc-Gift City To Overhaul Fund Governance

26 Apr 2022

In an important development for the fund industry, the International Financial Services Centre Authority (IFSCA) has notified the IFSCA (Fund...

News & Media Data Protection

Now, customer data privacy concerns surround Ola

26 Apr 2022

Ola Electric customer Balwant Singh has objected to use of his e-scooter telemetry data in the EV manufacturer’s press statement...

Alerts & Updates International Trade

Trade Update – April 25, 2022

25 Apr 2022

In a recent decision, the Hon’ble High Court of Gauhati (High Court) reaffirmed that the investigating

News & Media Tax

Govt seeks to grow tax base, makes filing must for TDS/TCS above Rs 25,000

25 Apr 2022

Seeking to expand the taxpayer base, the government has widened the scope for filing returns even if a person’s income...

Events, Webcasts & Podcast Corporate & Commercial

ETMasterclass on Private Equity Deals and Funding

25 Apr 2022

ETMasterclass is coming up with a Workshop on Private Equity Deals and Funding on April 29, 2022. Yashojit Mitra, Partner at Economic Laws Practice...

Events, Webcasts & Podcast Tax

GJEPC India’s webinar on ‘GST Audits and Practical Insights of dealing in such audits’

25 Apr 2022

Nishant Shah, Partner, Economic Laws Practice (ELP) has been invited by The Gem and Jewellery Export Promotion Council (India) to speak on the webinar...

News & Media International Trade

Decoded: The India-Australia free trade pact is a win-win for both countries.

21 Apr 2022

Earlier this month, India and Australia signed a landmark bilateral trade pact called the Economic Cooperation and Trade Agreement (ECTA)...

Events, Webcasts & Podcast International Trade

American Bar Association ILS Annual Conference 2022 – Climate Regulation in an Energy Hungry World (CLE)

21 Apr 2022

American Bar Association is hosting it’s ILS Annual Conference from April 26, 2022-April 29, 2022. Panels of leading experts will address...

Alerts & Updates Corporate & Commercial

Foreign investment rules tweaked to relax & expand applicability of various provisions

19 Apr 2022

Amendments to Foreign Exchange Management (Non-debt Instruments) Rules, 2019: The Ministry of Finance has amended the Foreign Exchange Management (Non-debt...

Events, Webcasts & Podcast Tax

Have big unexplained expenses? You can face IT review of past 10 years.

19 Apr 2022

In the recent Union Budget, a clutch of changes in the reassessment regime were announced. These changes have come into...

Alerts & Updates International Trade

Trade Update April 18, 2022

19 Apr 2022

The India-UAE Comprehensive Economic Partnership Agreement (CEPA) is the first major agreement that India has signed in over a decade.[1]...

Publications Tax

GST implications for supplies of goods that are not in “India” at the time of supply

18 Apr 2022

India has crossed the ambitious target of USD 400 billion in merchandise exports for the financial year 2021-22. The sharp...

News & Media Corporate & Commercial

Start-ups to get 5 more years to convert ‘convertible notes’ into equity shares

14 Apr 2022

Start-ups will now get five more years to convert convertible notes into equity shares. This is one of various changes...

News & Media International Trade

Do strategic interests rule over economic gains in India’s new trade pacts?

14 Apr 2022

After a long hiatus, India has begun to engage with trade pacts. In 2022, India has concluded a Comprehensive Economic...

Alerts & Updates Competition Law & Policy

CCI updates its Confidentiality Regime

13 Apr 2022

On April 08, 2022, the Competition Commission of India (CCI), in exercise of the powers conferred on it under Section...

News & Media Banking & Finance

IBBI plans to streamline role of information utility to speed up admission process in NCLT

6 Dec 2023

Insolvency regulator IBBI proposed to strengthen the information provided by information utilities (IUs) so as to speed up the admission...

Alerts & Updates International Trade

Trade Update April 4 – 9, 2022

11 Apr 2022

The Russian attack on Ukraine has resulted in a series of economic sanctions imposed by allies of the North Atlantic...

News & Media Tax

How India’s taxmen are chasing global PE funds for misusing tax treaties to evade capital gains tax

8 Apr 2022

The income tax department has reportedly slapped an over Rs 500 crore tax demand from big global funds, including private equity and venture...

News & Media Corporate & Commercial

Indigo has a CFO problem

8 Apr 2022

Between 2016 and 2022, IndiGo, which commands a domestic market share of over 50 percent, has seen four people take...

News & Media Corporate & Commercial

MCA bats for shareholders’ privacy, restricts access to personal information on register of members

8 Apr 2022

In a significant decision, the Corporate Affairs Ministry (MCA) has said that companies need not make available certain personal information...

News & Media Litigation, Arbitration & Dispute Resolution

6 situations in which you and your children lose legal right to inherit a property

7 Apr 2022

As per the Hindu Succession Act, if a Hindu Male dies intestate (i.e. without having a will), then class- I...

Alerts & Updates International Trade

India – Australia Economic Cooperation and Trade ECTA: Key Takeaways

7 Apr 2022

On April 2, 2022, India, and Australia signed the India-Australia Economic Cooperation and Trade Agreement (ECTA).

Alerts & Updates Tax

Manual of Key Judicial Pronouncements – Alcobev Sector – Volume 2

6 Apr 2022

Economic Laws Practice (ELP) brings to you, Volume II of the Manual of Key Judicial Pronouncements from the AlcoBev Sector,...

Alerts & Updates BIS In India

BIS Update: Extension of Mandatory Certification for Additional Chemical Products

6 Apr 2022

This is an update regarding mandatory registration requirements applicable to imports of certain Chemicals into India.

Sector Books/Booklets Labour & Employment

Labour & Employment & The Hospitality Sector

5 Apr 2022

What is the role of the owner and the operator whilst managing employees

Sector Books/Booklets Tax

Taxation & The Hospitality Sector

5 Apr 2022

What are the tax implications on various incidental/ ancillary services provided by hotels

Sector Books/Booklets Hospitality

The Hospitality Sector: Contractual Conundrums

5 Apr 2022

What are the common types of operation agreements.

Sector Books/Booklets Litigation, Arbitration & Dispute Resolution

Dispute Management & The Hospitality Sector

5 Apr 2022

In the event disputes have arisen from a Hotel Management Agreement (HMA), are the disputes referred to arbitration or litigation...

Sector Books/Booklets Policy & Regulation

Consumer Laws & the Hospitality Sector

5 Apr 2022

Who is a “consumer” for the purposes of a hotel/ hospitality services? Who is excluded from such scope?

Sector Books/Booklets Banking & Finance

Financing & the Hospitality Sector

5 Apr 2022

In most of the cases cost overruns and completion delays are caused due to

Alerts & Updates Competition Law & Policy

Competition Update: CCI amends the Combination Regulations, 2011 to update and replace Form II for a combination filing

4 Apr 2022

On March 31, 2022, the Competition Commission of India (CCI), in exercise of the powers conferred on it under Section...

Alerts & Updates Securities Laws & Capital Markets

Rana Kapoor v. Securities and Exchange Board of India ‘Crossing’ into a renewed procedural regime before SEBI

1 Apr 2022

In one of the first and most recent invocations of the judgment of the Hon’ble Supreme Court in T. Takano...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Thin Line Of Difference Between Breach Of Contract And Cheating

1 Apr 2022

Pursuant to the recent decision of the Supreme Court in the case of Vijay Kumar Ghai & Ors. v. The...

Alerts & Updates Corporate & Commercial

RPTs falling within revised materiality threshold to take shareholders’ approval after April 1, 2022

31 Mar 2022

With the objective of providing a smooth implementation of the amended Regulation 23 of the SEBI (Listing Obligations and Disclosure...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Supreme Court Holds That Environment (Protection) Act, 1986 Does Not Prohibit The Issuance Of Ex-Post Facto Environmental Clearances

31 Mar 2022

Whether an industry employing about 8000 workers which has been set up pursuant to consent to establish and consent to...

Newsletters International Trade

India – UAE Comprehensive Economic Partnership Agreements: Key takeaways

30 Mar 2022

On February 18, 2022, India, and the United Arab Emirates (UAE) signed the India-United Arab Emirates Comprehensive Economic Partnership Agreement...

Alerts & Updates Policy & Regulation

Legal Metrology (Packaged Commodities) Amendment Rules, 2022

29 Mar 2022

This update is regarding the recently notified Legal Metrology (Packaged Commodities) Amendment Rules, 2022

Alerts & Updates Corporate & Commercial

SEBI issues guidelines for calculation of concentration norms for Cat III AIFs | Product specifications issued for EGR segment/Gold Exchange

29 Mar 2022

Pursuant to its previous circulars, SEBI has specified guidelines in respect of the following

Newsletters Competition Law & Policy

ELP – Quarterly Update – Competition law & policy – Q4 of 2021

29 Mar 2022

CCI finds suppliers of Axle Bearings guilty of cartelization

Alerts & Updates Corporate & Commercial

SEBI proposes changes in timelines of various activities involved in open offers and buy-back offers – Issues consultation paper

28 Mar 2022

In a move to make the process of open offers and buy-back offers more efficient and investor-friendly, SEBI has released...

Newsletters International Trade

TradeWatch Weekly Bulletin – March 28, 2022

28 Mar 2022

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

News & Media Corporate & Commercial

Ola’s Avail Finance acquisition may have to go through an independent audit

26 Mar 2022

Economic Laws Practice (ELP)’s Yashojit Mitra, Partner Corporate & Commercial was sought for his views on corporate governance by Business Today. This...

News & Media Executive Compensation, Employment and Labour Laws

India’s new labour codes

25 Mar 2022

Alerts & Updates Corporate & Commercial

SEBI | Separation of the role of Chairperson and MD/CEO of listed company made voluntary:

24 Mar 2022

Revised procedure for seeking SEBI approval for change in control of sponsor/manager of AIF involving NCLT | Flexibility to Category...

Alerts & Updates

ELP Arbitration: Update

23 Mar 2022

As per the Arbitration and Conciliation Act, 1996 (Act), when a person is approached with a potential appointment as an...

News & Media Tax

India’s New Regime for Taxing Virtual Digital Assets

23 Mar 2022

The Finance Minister of India, Nirmala Sitharaman, during her announcement of India’s Union Budget 2022, introduced specific proposals to tax...

News & Media BIS In India

ELP – BIS Update Part 3

22 Mar 2022

The final part of this three-part comprehensive series on the legal framework governing BIS license, discusses in detail the procedures...

News & Media Policy & Regulation

The Legal Anatomy Of Cryptocurrency Regulation in India

22 Mar 2022

The cryptocurrency industry kicked off with the popularisation of Bitcoin around the year 2008. The crypto landscape has exponentially grown...

News & Media Tax

Decoding The Constitutional Provisions Behind GST

22 Mar 2022

Naresh Thacker, Partner at Economic Laws Practice (ELP) and Amar Dave, Counsel have co-authored an article for Taxsutra, tiled ‘Decoding the Constitutional Provisions...

Alerts & Updates Competition Law & Policy

The Central Government has extended the validity of certain exemptions available to enterprises keeping with its policy of ease of doing business in India

21 Mar 2022

The Ministry of Corporate Affairs (MCA), vide gazette notifications dated 16 March 2022, has extended by 5 more years:

Publications Litigation, Arbitration & Dispute Resolution

Arbitration and Conciliation (Amendment) Act, 2021: The Final Word on Unconditional Stay on Enforcement of Challenged Domestic Awards?

21 Mar 2022

The newly enacted Arbitration and Conciliation (Amendment) Act, 2021 is the fourth change made in the Indian arbitration regime in...

News & Media

30 day notification rule waiver extended till 2027

21 Mar 2022

In a pro-business move, the Centre has extended by 5 more years the validity of an existing exemption available to...

News & Media

War of attrition

21 Mar 2022

As Russia’s invasion of Ukraine continues, the international legal community has condemned Vladimir Putin’s regime not just with words, but...

Newsletters International Trade

TradeWatch Weekly Bulletin 21 March, 2022

21 Mar 2022

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

News & Media Tax

The demise of Advance Rulings

17 Mar 2022

In 1991, when the Indian economy opened up, it was applauded as a new dawn. A breakaway from the infamous...

Newsletters Export Control & Customs

The India Post – Volume 1

15 Mar 2022

Dear Reader   We at Economic Laws Practice (ELP) are pleased to announce the first edition (Volume I) of The...

Alerts & Updates International Trade

India – UAE Comprehensive Economic Partnership Agreements: Key Outcomes and Implications

15 Mar 2022

After formally launching negotiations on the India-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) in September 2021

News & Media Banking & Finance

Why did RBI bar Paytm Payments Bank from onboarding new customers?

14 Mar 2022

In the case of HDFC Bank, the lender was allowed to function its other services, but Paytm Payments Bank has...

Newsletters International Trade

TradeWatch Weekly Bulletin March 14, 2022

14 Mar 2022

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

News & Media Projects, Infrastructure & Energy

New electricity laws in Punjab

12 Mar 2022

Amidst the State elections in Punjab, the Government has cut down power bills by INR 3 per unit for domestic...

Alerts & Updates BIS In India

ELP – BIS Update Part 2

6 Dec 2023

In Part I of ELP’s three-part series relating to product quality standard regulations applicable in India (BIS Standards), the overall...

News & Media International Trade

Local drug companies in a fix over Sputnik amid sanctions against RDIF

7 Mar 2022

Indian drug manufacturers who have signed up with the Russian sovereign fund RDIF to manufacture the Sputnik vaccine are in...

Newsletters International Trade

TradeWatch Weekly Bulletin March 7, 2022

7 Mar 2022

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

News & Media Projects, Infrastructure & Energy

India’s regulatory landscape needs to get Green Hydrogen ready

3 Mar 2022

India has set an ambitious target of manufacturing 5 million tons of green hydrogen by 2030. The launch of the...

News & Media Tax

Unsettling The Settled Doctrine Of Promissory Estoppel – The Ghost Of VVF

3 Mar 2022

Amongst the few clear defenses available to a private party aggrieved by a Government renegading on its promise, the doctrine...

Alerts & Updates BIS In India

BIS Update Part 1

2 Mar 2022

The first of Economic Laws Practices’ three part-series on quality standards lays out  an overview of the regulatory environment governing...

Alerts & Updates International Trade

Russia Sanctions: An Overview of the Impact on India

1 Mar 2022

The Russia – Ukraine conflict has predictably triggered swift and significant reactive measures from across the globe. While these sanctions...

Newsletters International Trade

TradeWatch Weekly Bulletin February 28, 2022

28 Feb 2022

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

Alerts & Updates Securities Laws & Capital Markets

ELP Capital Markets Update: February 2022

26 Feb 2022

The Supreme Court of India has recently held in the matter of T. Takano v. Securities and Exchange Board of...

Alerts & Updates Policy & Regulation

ASCI frames guidelines for advertising and promotion of Virtual Digital Assets and Linked Services

25 Feb 2022

ELP’s Alert gives an insight into the latest Guidelines issued by ASCI on advertising ‘Virtual Digital Assets’. It also looks...

News & Media International Trade

The EU Carbon Border Adjustment Mechanism – Implications for India

25 Feb 2022

Sanjay Notani, Senior Partner at Economic Laws Practice (ELP) has co-authored an article with Tetyana Payosova and Joanna Redelbach, Senior...

ELP Knowledge Series Litigation, Arbitration & Dispute Resolution

ELP Knowledge Series – India Update Part 3 of 2021

24 Feb 2022

We are pleased to share our latest iteration of ELP's knowledge Series

News & Media Real Estate

Quarterly construction-quality audits must precede occupation certificate

24 Feb 2022

ssues concerning the structural quality and safety of homebuyers have impacted people across the country. Against this backdrop, Aditya Khadria, Partner...

News & Media Corporate & Commercial

Nominees on Life Policy

24 Feb 2022

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...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Supreme Court Reiterates That An Arbitral Tribunal Has The Power To Award Interest On Interest; Yet Again Sets Out The Narrow Scope Of Setting Aside Proceedings.

21 Feb 2022

On 22 August 1997, an Implementation Agreement (IA) was executed between UHL Power Company Ltd. (UHL) and State of Himachal...

News & Media International Trade

Year in Review 2021– Implications for India

18 Feb 2022

The year 2021 was an eventful one for global trade, with the world economy still struggling to bounce back from...

Newsletters Projects, Infrastructure & Energy

Infrastructure & Energy Digest

16 Feb 2022

In this month’s newsletter, we have analyzed key announcements for the infrastructure sector in this year’s budget and their consequent...

News & Media Corporate & Commercial

Limited Liability Partnerships: MCA introduces framework for penalty adjudication

15 Feb 2022

The Corporate Affairs Ministry (MCA) has come out with a detailed framework for adjudication of penalties under the Limited Liability...

Newsletters International Trade

TradeWatch Weekly Bulletin

14 Feb 2022

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

The difference between ‘reasons’ and ‘finding’ – defining scope of Court’s interference under Section 34(4) of the Arbitration and Conciliation Act, 1996

14 Feb 2022

The difference between ‘reasons’ and ‘finding’ - defining scope of Court’s interference under Section 34(4) of the Arbitration and Conciliation...

News & Media Tax

India Budget 2022 Overrides Supreme Court Ruling—History Repeats Itself

14 Feb 2022

One of the most anticipated amendments in India’s Union Budget of 2022–23 has been the retrospective overriding of the Supreme...

News & Media Banking & Finance

e-RUPI voucher limit hiked. What is this prepaid card and how to use it?

10 Feb 2022

The Reserve Bank of India (RBI) has enhanced the maximum amount of e-RUPI prepaid digital vouchers from Rs. 10,000 currently...

Alerts & Updates Corporate & Commercial

Regulatory Framework for Investment Funds in IFSC (GIFT City) proposed in line with global best practices | Listed Companies to seek NOC from 75% of secured creditors in value for M&A Schemes

9 Feb 2022

In an important development in the IFSC region, with a view to develop the framework for investment funds, the International...

News & Media Hospitality

Tourism funding and promotion agencies laud Budget proposals for the sector

8 Feb 2022

While the travel, tourism and hospitality trade associations have expressed their disappointment in the Union Budget presented by the Finance...

News & Media Corporate & Commercial

Why Amazon’s battle for e-commerce supremacy in India is not easy

3 Feb 2022

The National Newspaper recently published an article on Amazon’s legal woes in India. ELP’s Yashojit Mitra has been quoted in...

News & Media Tax

Simpler tax regime to Covid deduction: common man wants from budget 2022

3 Feb 2022

Rahul Charkha, Partner at Economic Laws Practice (ELP) has been quoted by The Times Of India in an article titled ‘Simpler tax regime to...

News & Media Tax

Budget Speech 2022: Will FM Nirmala Sitharaman address Cryptocurrency regulation and tax issues?

3 Feb 2022

The Financial Express (India) published an article y on : Budget Speech 2022: ‘Will FM Nirmala Sitharaman address Cryptocurrency regulation...

News & Media Tax

Budget 2022: ‘Income Tax calculation on Fixed Deposit and other savings should be done as equity’

3 Feb 2022

Given low returns from bank fixed deposits and other savings schemes, a lot of investors are lured towards risky assets...

News & Media Tax

Income Tax Budget 2022 Highlights: LTCG surcharge rate at 15%, Updated Return and more to help taxpayers

3 Feb 2022

Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted by The Financial Express (India) in their article titled ‘Income...

News & Media Tax

Budget 2022: MF industry seen benefiting with digital assets under tax net

3 Feb 2022

Mitesh Chauhan, partner, Economic Laws Practice (ELP) has been quoted by Business Standard in their article titled ‘Budget 2022: MF...

News & Media Tax

Union Budget 2022 disappoints majority of taxpayers

3 Feb 2022

Mitesh Jain, partner, Economic Laws Practice (ELP) has been quoted by The Financial Express in their article titled ‘Union Budget 2022 disappoints majority of...

News & Media Corporate & Commercial

Working capital crisis: Can surety bonds assure MSMEs freedom from hassle of expensive bank guarantees

3 Feb 2022

Sujjain Talwar, Co-Founding Partner, Economic Laws Practice (ELP) has been quoted by Financial Express Online in their article titled ‘Working...

News & Media Tax

Can the ‘source of fund’ rule in Budget hinder non-VC investments in start-ups?

3 Feb 2022

Darshan Bora, partner, Economic Laws Practice (ELP) has been quoted in Business Today in their article titled ‘Can the 'source...

News & Media Tax

Unravelling the Essence of Input Tax Credit

7 Feb 2022

Vivek Baj, Partner and Nikita Brahmankar, Senior Associate at Economic Laws Practice (ELP) have co-authored an article titled ‘Unravelling the...

News & Media Tax

The GST (Googly, Simplification and Tarrifisation) in Customs

7 Feb 2022

The Budget Proposals announced by the Hon’ble Finance Minister include several amendments proposed in the Customs Act, 1962 (‘Customs Act’),...

News & Media Tax

FM Budget Mantra: Tax stability leads to buoyancy in revenue, impetus to growth

7 Feb 2022

In the last couple of years, the government has been rationalizing the rates of corporate tax, slashing them to 15%...

News & Media Tax

Modi government gags flow of export-import data

7 Feb 2022

The Modi government has spooked industry by placing a gag on the publication of unverified export and import transactions. The...

Newsletters International Trade

TradeWatch Weekly Bulletin February 7, 2022

7 Feb 2022

Given below are some key news updates from the past week

News & Media Competition Law & Policy

Why CCI should revoke the Amazon-Future Coupons deal. Legal experts weigh in

4 Feb 2022

Amidst the Amazon-Future Coupons deal, independent directors of Future Retail wrote to CCI requesting it to revoke the approval it...

News & Media Tax

Crytocurrency tax: How will the Budget 2022 rules impact crypto investors?

4 Feb 2022

India has seen an unprecedented growth in the number of crypto investors as Bitcoin skyrocketed to an all-time high. On...

News & Media Tax

A tax guru explains all that is wrong with Indian government’s latest requirement

4 Feb 2022

Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted in Business Insider India in their article titled ‘A tax...

News & Media Tax

No booster dose for pharma sector in Budget 2022

4 Feb 2022

The pharmaceutical industry is a strategic one that contributes strategically to India’s growth story. Globally, India ranks third in terms...

Alerts & Updates Tax

Budget Buzz -SEZ

4 Feb 2022

The Finance Minister has announced that the Special Economic Zones Act, 2005 (SEZ Act) will be replaced with a new...

Alerts & Updates Tax

Budget Buzz -Litigation

4 Feb 2022

The Finance Minister, in her budget speech has proclaimed the beginning of the next phase - “Ease of Doing Business...

Alerts & Updates Tax

Budget Buzz IFSC

4 Feb 2022

Section 10(4E) of the Income-tax Act, 1961 (IT Act) provides for tax exemption on income accruing or arising to or...

Alerts & Updates Tax

Budget Buzz – Virtual Digital Assets

4 Feb 2022

Recently there were certain media reports on the Government’s scrutiny of virtual digital assets, questioning its very existence from a...

Alerts & Updates Tax

Budget Buzz – Tax Deductibility of Education Cess

4 Feb 2022

The Finance Bill 2022 has clarified that tax shall include and deemed to have always included any surcharge or cess,...

Alerts & Updates Tax

Budget Buzz – Startup

4 Feb 2022

In recent years, start-ups and the e-commerce industry in India have grown at a rapid pace. The Government has also...

Alerts & Updates Tax

Budget Buzz – Make in India

4 Feb 2022

Union Budget 2022, the 10th budget presented by PM Narendra Modi’s government was anticipated to be a ‘Growth Budget’

Alerts & Updates Tax

Budget Buzz – Gems Jewellery Sector

4 Feb 2022

Budget 2022 has placed special emphasis on the growth of Indian gems and jewellery sector and certain key changes

Alerts & Updates Tax

Budget Buzz – DRI’s Power

4 Feb 2022

The Finance Bill, 2022 has sought to overcome the ruling of the Supreme Court in the case of Canon India...

Alerts & Updates Tax

Budget Buzz – Capital Goods

4 Feb 2022

Ever since the announcement of National Capital Goods Policy, 2016, Government has taken a slew of measures to increase

News & Media Tax

Budget-2022 No retrospective amendments please!

4 Feb 2022

Kumar Visalaksh, Partner and Arihant Tater, Senior Associate at Economic Laws Practice (ELP) have co-authored an article titled ‘No retrospective amendments please!’. With...

News & Media Tax

Budget wish list to augment M&A activity

4 Feb 2022

Mitesh Chauhan, Partner Sumeet Agrawal, Principal Associate of Economic Laws Practice (ELP) have co-authored an article titled ‘Budget wish list...

News & Media Litigation, Arbitration & Dispute Resolution

Social Welfare Surcharge: Much Awaited Relief For The Importers

4 Feb 2022

Many companies are currently facing an investigation from the Directorate of Revenue of Intelligence (“DRI”) for non-payment of Social Welfare...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Arbitration weekly Update – Intercontinental Hotels Group (India) Private Limited & Anr. v. Waterline Hotels Private Limited

3 Feb 2022

In this week’s update, we analyze the decision of the Supreme Court in Intercontinental Hotels Group (India) Private Limited &...

Sector Books/Booklets Corporate & Commercial

Union Budget – An Analysis by Economic Laws Practice

1 Feb 2022

Dear Reader We at ELP have been analyzing the budgets for two decades now. Our endeavor has always been to...

Newsletters International Trade

TradeWatch Weekly Bulletin January 31, 2022

31 Jan 2022

Given below are some key news updates from the past week

Alerts & Updates Corporate & Commercial

SEBI details regulatory norms for Special Situation Funds (SSF) for investment in special situation assets

28 Jan 2022

Dear Reader:   Further to the introduction of Special Situation Funds (SSF), a sub-category under Category I AIF, which shall...

News & Media Projects, Infrastructure & Energy

Infra Asset Monetization

27 Jan 2022

Asset monetization in the infrastructure space will be a highlight for the sector in the upcoming budget.

News & Media Tax

Budget 2022: How are NRIs taxed in India and why they want a reduction in TDS this year

27 Jan 2022

With the upcoming Budget, Indians living abroad are looking for more clarity on the legal definition of non-resident Indians and...

Alerts & Updates Corporate & Commercial

Special Situation Funds for resolution of stressed assets | Prior Shareholders’ approval required for appointment of rejected candidates | SEBI seeks to regulate ESG Rating Providers (ERPs)

25 Jan 2022

Dear Reader SEBI has recently introduced the following significant changes: A. SEBI introduces Special Situation Funds (SSFs) for investment in...

Events, Webcasts & Podcast Tax

India Union Budget 2022: Analysis of Tax, Customs and Regulatory amendments

25 Jan 2022

The annual Union Budget is a significant event for businesses in India as it sets the tone for Government policies...

News & Media International Trade

“Public Interest Test” in Anti-Dumping Investigations – Recent Developments in India

20 Jan 2022

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

News & Media Tax

Income Tax Assessment – It is faceless but not voiceless !

20 Jan 2022

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

News & Media Tax

Metaverse – Are Indian Laws Ready

20 Jan 2022

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

News & Media Projects, Infrastructure & Energy

Budget 2022: Infra is Engine for Growth, Mega Push Expected for NIP, Make-in-India Projects

20 Jan 2022

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

Newsletters Tax

Tax Newsletter

19 Jan 2022

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

News & Media Litigation, Arbitration & Dispute Resolution

No full marketing authorisation yet for Covishield and Covaxin vaccines

18 Jan 2022

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

News & Media Corporate & Commercial

Budget 2022: Amendments in Insolvency and Bankruptcy Code Likely for Faster Resolution

18 Jan 2022

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

News & Media Tax

Winter Parliament session: Government to introduce Cryptocurrency Regulation Bill

18 Jan 2022

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

Newsletters International Trade

TradeWatch Weekly Bulletin January 17’th, 2021

17 Jan 2022

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Whether Section 12(5) Of The Aritration Act Can Be Applied Retrospectively: Supreme Court Reaffirms

17 Jan 2022

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

Alerts & Updates Corporate & Commercial

Mca Notifies Levy Of Additional Fees Norms | Sebi Recognizes Accreditation Agency

13 Jan 2022

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

News & Media Tax

Clipping Wings and Stalling Engines – Widened Scope of Self-Assessed Tax

13 Jan 2022

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

Alerts & Updates Corporate & Commercial

Important changes from SEBI|MCA

11 Jan 2022

Following significant changes have been recently introduced

Newsletters International Trade

TradeWatch Weekly Bulletin January 10, 2022

10 Jan 2022

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

News & Media Corporate & Commercial

Decoding NFTs and their Regulation in India

8 Jan 2022

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

‘OPT-OUT’ CLAUSES – INDIAN COURTS CONTINUE TO SHUN UNILATERAL ARBITRATION AGREEMENTS

5 Jan 2022

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

Newsletters International Trade

TradeWatch Weekly Bulletin January 03, 2021

3 Jan 2022

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

News & Media Corporate & Commercial

SEBI tightens IPO process with slew of new norms

30 Dec 2021

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

News & Media Corporate & Commercial

SEBI board OKs changes to IPOs, preferential issues

30 Dec 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | December 27, 2021

27 Dec 2021

Given below are some key news updates from the past week

News & Media Projects, Infrastructure & Energy

Coming, forward trading in energy exchanges

1 Dec 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure and Energy Digest – November 2021

15 Dec 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | December 20, 2021

20 Dec 2021

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

Newsletters Tax

Tax Newsletter

14 Dec 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | December 13, 2021

13 Dec 2021

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

News & Media Tax

Demonetisation,five years later

13 Dec 2021

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

Alerts & Updates Tax

Gift of Brand to corpus of a private irrevocable trust is a non-taxable capital receipt

10 Dec 2021

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

Newsletters Litigation, Arbitration & Dispute Resolution

SIAC India Newsletter

8 Dec 2021

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

News & Media Banking & Finance

IBBI empowers adjudicating authority to pick IPs from panel to curb delays

6 Dec 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | December 06, 2021

6 Dec 2021

Given below are some key news updates from the past week

Alerts & Updates Corporate & Commercial

Changes in the regulatory framework for related party transactions, scheme of arrangement by listed companies and alternative investment funds

3 Dec 2021

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

Newsletters Litigation, Arbitration & Dispute Resolution

ELP Arbitration update – Gujarat State Disaster Management Authority v. Aska Equipments Limited, 2021 SCC OnLine SC 917

2 Dec 2021

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

News & Media Litigation, Arbitration & Dispute Resolution

A Breather for Construction Projects under Litigation

2 Dec 2021

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

News & Media Tax

Interpreting The India-US Interim Agreement On Equalisation Levy 2020

30 Nov 2021

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

News & Media Corporate & Commercial

Will structure shows millennial entrepreneurs put their money where their heart is

30 Nov 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | November 29, 2021

29 Nov 2021

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

Newsletters Litigation, Arbitration & Dispute Resolution

ELP Arbitration Update – Arcelor Mittal Nippon Steel India Ltd. v. Essar Bulk Terminal Ltd

26 Nov 2021

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

Alerts & Updates Competition Law & Policy

CCI’s Market Study on the Pharmaceutical Sector

25 Nov 2021

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

News & Media Projects, Infrastructure & Energy

Powering India’s Green Energy Revolution Through Open Access Reform

25 Nov 2021

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

Events, Webcasts & Podcast International Trade

ELP Podcast Series – BIS in India : Simplified for you

25 Nov 2021

Newsletters International Trade

TradeWatch Weekly Bulletin | November 22, 2021

22 Nov 2021

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

Newsletters Tax

Tax Newsletter

19 Nov 2021

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

News & Media Corporate & Commercial

SEBI’s ICDR Amendment: A Welcome Change (But Some Additional Clarifications Would Be Welcome Too!)

18 Nov 2021

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

Alerts & Updates International Trade

Half Yearly Roundup of developments in International Trade & Customs: India

18 Nov 2021

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

Alerts & Updates Tax

Legal Metrology (Packaged Commodities) Amendment Rules, 2021

16 Nov 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure and Energy Digest – October 2021

15 Nov 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | November 15, 2021

15 Nov 2021

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

News & Media Tax

OECD/G20 framework on global tax: What does it mean for India?

12 Nov 2021

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

Alerts & Updates Corporate & Commercial

Related party transactions put under tighter scrutiny | Co-investment through portfolio managers notified by SEBI

11 Nov 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | November 9, 2021

9 Nov 2021

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

Newsletters Competition Law & Policy

Quarterly Update – Competition Law & Policy – Q3 of 2021

9 Nov 2021

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

News & Media Corporate & Commercial

Non Fungible Tokens

8 Nov 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | November 2, 2021

2 Nov 2021

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

Alerts & Updates International Trade

Anti-Absorption Rules: Questions & Answers – Analysis for Stakeholders

29 Oct 2021

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

Alerts & Updates Policy & Regulation

BIS Update: Extension of Mandatory Certification for Additional Chemical Products

29 Oct 2021

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

Newsletters Litigation, Arbitration & Dispute Resolution

ELP Arbitration Update – Garg Builders v. Bharat Heavy Electricals Limited

6 Dec 2023

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

News & Media Tax

Pre-deposit – mode of payment quagmire

16 Oct 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | October 26, 2021

26 Oct 2021

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

News & Media Tax

Real estate developers reach out to government over GST on redevelopment

22 Oct 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | October 18, 2021

18 Oct 2021

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

Newsletters Tax

Navigating GST 2.0 – Issue 12

18 Oct 2021

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

Newsletters Tax

Tax Newsletter

13 Oct 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin | October 11, 2021

6 Dec 2023

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Supreme Court: Courts can determine “Core Preliminary Issues” within the framework of section 11(6-a) of the Arbitration and Conciliation Act, 1996

8 Oct 2021

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

News & Media Corporate & Commercial

SEBI board to discuss M&A norms, gold exchanges

30 Sep 2021

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

News & Media Corporate & Commercial

SEBI board clears proposal to ease delisting norms in boost to M&A activity

29 Sep 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

27 Sep 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Delhi High court’s judgement in SAIL v. Tata Projects Ltd. A way forward or conundrum?

27 Sep 2021

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

Sector Books/Booklets Hospitality

Legal implications of recent issues in the hospitality sector in India

24 Sep 2021

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

News & Media Competition Law & Policy

How Should the CCI Market Its ‘Market Studies’? A Case for Incentivizing Industry Participation’

23 Sep 2021

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

Alerts & Updates International Trade

BIS Update: Mandatory Certification for Additional Chemical Products

23 Sep 2021

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

News & Media Real Estate

Odyssey Of Purchase Of Agricultural Lands In Maharashtra

21 Sep 2021

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

News & Media Competition Law & Policy

Importance of Disclosures Before The CCI And Key Takeaways

21 Sep 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

20 Sep 2021

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

Alerts & Updates Tax

45th GST Council Meeting Highlights

18 Sep 2021

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

News & Media Tax

GST Meet on Friday: Petrol, Zomato, Swiggy, Edible Oil, What Could Be Costlier or Cheaper

17 Sep 2021

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

News & Media Projects, Infrastructure & Energy

A New Pipeline for Infrastructure

15 Sep 2021

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

ELP Knowledge Series Banking & Finance

ELP Knowledge Series – Part 2 of 2021

15 Sep 2021

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

News & Media Hospitality

Guest Data – Right to be forgotten

25 Sep 2021

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

Newsletters Tax

Tax Newsletter

14 Sep 2021

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

Newsletters International Trade

TradeWatch Weekly B ulletin

13 Sep 2021

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

News & Media Banking & Finance

IBC @ 5 Plays Saviour to 396 Corporates

10 Sep 2021

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

News & Media International Trade

EU’s “Carbon Border Tax”: Implications for WTO & Developing Countries

10 Sep 2021

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...

News & Media Tax

PLI scheme for textiles: Rs 10,683 crore scheme to help MSMEs invest, export, employ more: Experts

8 Sep 2021

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

News & Media Tax

Union Cabinet approves Rs 10,683-crore PLI scheme for textile sector

9 Sep 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

7 Sep 2021

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

Alerts & Updates Corporate & Commercial

SEBI issues the modalities for implementation of Accredited Investors’ framework

2 Sep 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

31 Aug 2021

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

Alerts & Updates Corporate & Commercial

Important update from MCA and IFSC

26 Aug 2021

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

News & Media Litigation, Arbitration & Dispute Resolution

What FDA full approval to Pfizer-Bio Ntech vax means

25 Aug 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Non-signatories to Arbitration Agreement may be bound by the Foreign Award

25 Aug 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Supreme Court enforces an emergency arbitrator’s order in an India seated arbitration under SIAC rules – Amazon.Com NV Investment Holdings LLC V. Future Retail Limited & Ors

21 Aug 2021

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

News & Media Tax

Exporters unhappy with tax rebate rates under government’s RoDTEP scheme

18 Aug 2021

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

News & Media Tax

New duty remission scheme to cover 8,555 items at an outlay of ?12,450 cr

18 Aug 2021

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

News & Media Tax

Govt announces RoDTEP rates for exporters; outlay Rs 12,454 cr in FY22

18 Aug 2021

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

News & Media Tax

RoDTEP scheme : Govt announces Rs. 12,400 crore outlay for tax refund of 8,555 export products

17 Aug 2021

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

Alerts & Updates Tax

Remission of Duties & Taxes on Export product

18 Aug 2021

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

News & Media Data Protection

Bombay HC’s interim order on IT Rules provides relief to digital media

16 Aug 2021

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...

News & Media Tax

Auto sector fears higher GST rate on certain parts after Supreme Court ruling

16 Aug 2021

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...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Hon’ble Delhi High Court Decision In Petitions Filed By Importers/Exporters Seeking Waiver Of Penal Demurrage Charges And Detention Charges During The Period Of Lockdown Due To Covid 19 – Polytech Trade Foundation v/s Union of India and others

17 Aug 2021

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

News & Media Tax

Analysing the Contours of UN Tax Solution

12 Aug 2021

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

News & Media Tax

Country of origin’ crackdown continues

11 Aug 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure and Energy digest – July 2021

10 Aug 2021

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

Alerts & Updates Corporate & Commercial

Overseas investment norms to be rationalized | Regulatory framework for Independent directors, debt securities and non-convertible preference shares | MCA eases issuance of securities in IFSC by foreign companies (Key changes by RBI, SEBI, MCA)

11 Aug 2021

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

Newsletters Tax

Tax Newsletter – July 2021

11 Aug 2021

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

Insights Corporate & Commercial

Representations, Warranties, Indemnities and Insurance in M&A

12 Aug 2021

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

Insights Litigation, Arbitration & Dispute Resolution

The Unusual Case of Dirk India

17 Apr 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

9 Aug 2021

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

Alerts & Updates Tax

Withdrawal of retrospective indirect transfer amendment

9 Aug 2021

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

News & Media Tax

Intra Company Supplies – The Undefined Issue under GST

9 Aug 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

CASE COMMENT: ORISSA HIGH COURT’S JUDGEMENT IN OSRTC v. ABTPL, 2021 SCC OnLine Ori 898

3 Aug 2021

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

Alerts & Updates International Trade

Simplification of existing formats and relaxation in compliance burden in Trade Remedy Investigations

2 Aug 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

2 Aug 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

SC judgement on amendment of Plaint

2 Aug 2021

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

Newsletters International Trade

TradeWatch: Weekly Bulletin

5 Jul 2021

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

Alerts & Updates Banking & Finance

Claim Period Under Bank Guarantees

29 Jul 2021

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

Newsletters Competition Law & Policy

ELP Quarterly Update – Competition law policy Q2 of 2021

27 Jul 2021

The CCI approves the Reliance Retail and Future Group Transaction

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Supreme Court: Can the court modify an Award in an application under section 34 of the Arbitration and Conciliation Act, 1996?

26 Jul 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

26 Jul 2021

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

Alerts & Updates International Trade

Clarification of Electronics and Information Technology Goods (Requirement of Compulsory Registration) Order, 2021

21 Jul 2021

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

News & Media Hospitality

Relief to Hotels in Maharashtra

20 Jul 2021

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

Alerts & Updates Competition Law & Policy

CCI eases regulatory compliance, recapitulates the practice of signing pleadings by any authorized employee | Memorandum on Cooperation between CCI and JFTC

20 Jul 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

19 Jul 2021

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

News & Media Corporate & Commercial

Is ESG the new non financial factor impacting financials

19 Jul 2021

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

News & Media Tax

Taxation of Virtual Currencies in India: an Insight

19 Jul 2021

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

News & Media Corporate & Commercial

The Interplay Between CSR and ESG Norms: What India Inc and Investors Need to Focus on

14 Jul 2021

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

Alerts & Updates

SC clarifies application of Limitation Act

15 Jul 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure & Energy Digest (June 2021)

15 Jul 2021

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

News & Media Tax

Digital Taxes | Uncertainty shrouds India’s equalisation levy

14 Jul 2021

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

News & Media Tax

All expenditure of VC Funds including Carried Interest to carry GST – A major setback to the Industry

14 Jul 2021

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

Alerts & Updates International Trade

Suggestions are invited for review of Customs exemption notifications

13 Jul 2021

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

News & Media Tax

Slashed GST rates on COVID-related items: The stakeholder view

12 Jul 2021

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

News & Media Projects, Infrastructure & Energy

Deepening Uncertainty of Solar Power Contracts

12 Jul 2021

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

Alerts & Updates Corporate & Commercial

Special provisions for delisting of listed subsidiary | SEBI seeks revamp of superior voting rights shares norms | IFSCA amends Bullion Exchange Regulations & prescribes process for framing regulations

8 Jul 2021

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

Alerts & Updates

Proposed E- commerce rules dissected

25 Jun 2021

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

Newsletters Tax

Tax Newsletter: June 2021

7 Jul 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Delhi High Court’s take on Agreements entered into with Foreign States

5 Jul 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Bombay Hon’ble High Court set aside an Arbitral Award vitiated by Patent Illegality

5 Jul 2021

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

News & Media Hospitality

What are the duties of directors in ailing hotel companies?

30 Jun 2021

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

Alerts & Updates Corporate & Commercial

Key Changes by SEBI – June 29, 2021

30 Jun 2021

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

Alerts & Updates Corporate & Commercial

AIFs in IFSC – IFSCA exempts sponsor /manager commitment and allows investment in mutual funds

29 Jun 2021

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

News & Media Tax

India’s Consumer Protection Rules: What Foreign E-Commerce Entities Need To Be Cognisant Of

29 Jun 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin – June 28 2021

28 Jun 2021

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

Alerts & Updates Corporate & Commercial

SEBI – Key alerts

26 Jun 2021

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

Alerts & Updates Corporate & Commercial

MCA allows holding of virtual EGMs till December 31, 2021 | SEBI gives relax ation for employee benef its

25 Jun 2021

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

News & Media Tax

The UN’s recent step to kickstart Global Taxation of the Digital Economy

23 Jun 2021

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

Events, Webcasts & Podcast International Trade

Mid-Year Global Trade Review

30 Jun 2021

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

Events, Webcasts & Podcast Tax

The IFSC Framework: How can funds benefit?

24 Jun 2021

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

News & Media Projects, Infrastructure & Energy

What recourse do Hyatt Regency Mumbai employees have?

12 Jun 2021

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

News & Media Projects, Infrastructure & Energy

Reliefs to Hotels in Maharashtra

8 Jun 2021

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

News & Media Tax

RoDETP hits a roadbump

5 Jun 2021

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

News & Media Litigation, Arbitration & Dispute Resolution

Section 482 – the inherent power but with circumscription

3 Jun 2021

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

Alerts & Updates Tax

ELP Update on Integrated Goods and Services Tax Act, 2017

21 Jun 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

21 Jun 2021

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

Alerts & Updates Banking & Finance

Liquidity Window for contact intensive sectors

7 Jun 2021

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

Newsletters International Trade

Trade Watch Weekly Bulletin

5 Jun 2021

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

Newsletters International Trade

Trade Watch Weekly Bulletin

13 Jun 2021

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

Alerts & Updates Corporate & Commercial

MCA’s breather to transact business by virtual means

16 Jun 2021

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

Sector Books/Booklets Tax

Taxation of the Digitalized Economy

15 Jun 2021

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

Alerts & Updates Corporate & Commercial

New Delisting Regulations notified | MCA details consequences of failure to disclose SBO | IFSCA clarifies on ancillary services and suggests changes to Bullion Exchange Regulations

14 Jun 2021

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

Newsletters Tax

Tax Newsletter – May 2021

4 Jun 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure and Energy Digest (May 2021)

4 Jun 2021

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

Alerts & Updates Corporate & Commercial

Relocation of foreign funds to IFSC GIFT City – Tax Incentives | Loans, guarantees, etc to promoter entities to be disclosed as part of corporate governance | AIFs, VCFs given breather for regulatory filings

3 Jun 2021

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

News & Media Tax

Implementing HSN 2022 – The countdown begins

26 May 2021

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

News & Media Tax

GST Considerations vis-à-vis CSR Expenditure

24 May 2021

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

News & Media Tax

Classification of Parts & Accessories – A Conundrum in the Waiting

31 May 2021

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

Newsletters International Trade

Tradewatch weekly bulletin

29 May 2021

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

Alerts & Updates Tax

GST Update – Recommendations of 43rd GST Council Meeting

30 May 2021

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

News & Media International Trade

International Trade and Commercial Transactions Global Guide – International trade in goods and services in India: An overview

28 May 2021

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

News & Media International Trade

International Trade and Commercial Transactions Global Guide – Sale and storage of goods in India: An overview

26 May 2021

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

News & Media Litigation, Arbitration & Dispute Resolution

BOCWW cess is payable only in respect of cost of construction and not on supply or erection scope of works

24 May 2021

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

News & Media Tax

Interest on delayed payment of consideration qua imported goods, subject to GST?

28 May 2021

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

Alerts & Updates Corporate & Commercial

Changes to AIFs investment regime | SEBI increases overseas investment limit to USD 1500 million | Sponsor Contribution to an AIF set up in overseas jurisdiction, including IFSCs

25 May 2021

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

News & Media Litigation, Arbitration & Dispute Resolution

Airlines, passengers, crew face the heat for COVID-19 cases, legal eagles divided on blame/liability

22 May 2021

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

News & Media Tax

When “shall” can be read as directory in Tax Statutes

22 May 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin -May 22, 2021

22 May 2021

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

Alerts & Updates Corporate & Commercial

SEBI proposes NCS Regulations

22 May 2021

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

Alerts & Updates Corporate & Commercial

Recent SEBI & MCA announcements

22 May 2021

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

News & Media Litigation, Arbitration & Dispute Resolution

Enforcement: The Indian conundrum

19 May 2021

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

Newsletters

Manual of Key Judicial Pronouncements – Alcobev Sector

19 May 2021

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

Alerts & Updates Corporate & Commercial

SEBI’s proposals on Gold Exchange and revision to Promoter Regime

18 May 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Litigation Update – SC holds that BOCWW Cess is payable only in respect of cost of construction and not on supply or erection scope of works

15 May 2021

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

Newsletters International Trade

Trade Watch Weekly Bulletin

15 May 2021

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

News & Media Tax

The Never Ending Classification Syndrome

12 May 2021

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

Newsletters Tax

Tax Newsletter March 15-March 2021

15 Mar 2021

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

Newsletters Tax

Tax Newsletter April 2021

30 Apr 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure & Energy Digest – April 2021

12 May 2021

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

Alerts & Updates Corporate & Commercial

SEBI’s Recent Amendments

12 May 2021

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

Alerts & Updates Corporate & Commercial

SEBI prescribes ESG Disclosures

11 May 2021

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

Newsletters Policy & Regulation

Manufacturing and other operations in bonded warehouses

10 May 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

8 May 2021

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

Alerts & Updates Corporate & Commercial

MCA’s clarification on CSR due to the resurgence of COVID-19 pandemic

6 May 2021

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

Alerts & Updates Corporate & Commercial

MCA & SEBI grant certain relaxations due to resurgence of COVID-19 pandemic

4 May 2021

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

Alerts & Updates Corporate & Commercial

ELP – Corporate Update – SEBI’s new norms on mutual fund industry – SEBI relaxes compliances norms – FAQs on Insider Trading and CSR

30 Apr 2021

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

News & Media Securities Laws & Capital Markets

One Code To Rule Them All – Asian Legal Business India

28 Apr 2021

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

News & Media Tax

ELP – Bloomberg Quint – GST Anti-Profiteering: The Methodology Conundrum

27 Apr 2021

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

ELP Knowledge Series Corporate & Commercial

ELP – Knowledge Series – Part 1 of 2021

27 Apr 2021

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

Alerts & Updates Corporate & Commercial

Setting up makeshift hospitals/temporary COVID facilities notified as CSR activity | SEBI relaxation on rights issue opening upto September 30, 2021

23 Apr 2021

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

Alerts & Updates International Trade

BIS Update – Extension of Mandatory Certification for Additional Chemical Products

26 Apr 2021

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

Newsletters International Trade

TradeWatch weekly bulletin

26 Apr 2021

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

Alerts & Updates Policy & Regulation

Production Linked Incentive Scheme

21 Apr 2021

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

Sector Books/Booklets Corporate & Commercial

Infrastructure Book

20 Apr 2021

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

Newsletters Competition Law & Policy

Quarterly Update – Competition law & policy- Q1 of 2021

20 Apr 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Is your arbitration agreement novated? Arbitrator, not the court, will decide

20 Apr 2021

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

Alerts & Updates International Trade

BIS Update: Mandatory Certification for Additional Products

19 Apr 2021

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

News & Media Tax

Taxation is too taxing for the subcontractors

14 Apr 2021

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

News & Media Tax

Taxes on employee perquisites & emoluments – A match not made in heaven

13 Apr 2021

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

News & Media Tax

Battle over Interest Intensifies

19 Feb 2020

News & Media Tax

A Curious Case of ‘Cess’

20 Oct 2020

News & Media Litigation, Arbitration & Dispute Resolution

The Unusual Case of Dirk India

6 Dec 2023

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

Newsletters International Trade

TradeWatch Weekly Bulletin April 17, 2021

17 Apr 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP – Arbitration weekly-update – Chintels India Ltd. v. Bhayana Builders Pvt. Ltd

16 Apr 2021

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

Alerts & Updates Tax

Tax Newsletter – March 15 – 31, 2021

15 Mar 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP – Arbitration weekly-update – Bharat Sanchar Nigam Ltd. & Anr. v. Nortel Networks India Pvt. Ltd.

12 Apr 2021

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

Newsletters International Trade

TradeWatch weekly bulletin

11 Apr 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure and Energy Digest – March 2021

9 Apr 2021

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

Alerts & Updates Corporate & Commercial

Cat-I AIFs allowed as Qualified Buyers | Reporting norms changes for AIFs | ECBs proceeds can be parked in term deposits for additional period of 12 months

9 Apr 2021

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

News & Media Litigation, Arbitration & Dispute Resolution

Analysing the Interplay between IBC Moratorium and Cheque Dishonor Proceedings

8 Apr 2021

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

News & Media Tax

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

7 Apr 2021

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

Newsletters International Trade

TradeWatch weekly bulletin

3 Apr 2021

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

Newsletters International Trade

TradeWatch weekly bulletin

20 Mar 2021

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

Alerts & Updates Corporate & Commercial

DPIIT clarifies on NRI ‘s downstream investments | Remuneration of non-executive and independent directors incase of no profits or inadequate profits | Central Scrutiny Centre to be established

20 Mar 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Supreme Court finalizes the period until which limitation was extended on account of Covid-19

9 Mar 2021

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

News & Media

Govt mandates companies to disclose investments in cryptocurrencies

2 Apr 2021

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

News & Media

Minority shareholders should ink pacts for board seat in investee company

2 Apr 2021

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

Alerts & Updates Corporate & Commercial

Deferment of mandatory use of accounting software which can record audit trail and its related disclosures, to FY commencing from April 1, 2022

2 Apr 2021

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

Newsletters International Trade

Trade Watch Weekly Bulletin

27 Mar 2021

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

Alerts & Updates Corporate & Commercial

Reporting and Disclosures under the Companies Act, 2013 broadened | Schedule III to contain disclosures on items such as crypto currency or virtual

25 Mar 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP – Arbitration weekly-update – Praveen Electricals Private Limited v. Galaxy Infra Engineering Private Limited

26 Mar 2021

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

Alerts & Updates Corporate & Commercial

Non-Government Provident Funds, Superannuation Funds and Gratuity Funds can invest in units of AIF Category-I and Category-II

17 Mar 2021

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

Alerts & Updates Tax

Tax Newsletter – February 15 – 28, 2021

15 Mar 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

13 Mar 2021

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

Alerts & Updates Tax

Payment for use of computer software is of shrink-wrapped software not royalty

8 Mar 2021

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

Alerts & Updates Corporate & Commercial

Revised MGT-7 format for Annual Return | Abridged form of annual return introduced for small and OPCs | Electronic voting rules – explanations provided | Aadhar authentication for GSTIN for incorporation of companies

8 Mar 2021

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

Newsletters International Trade

Trade Watch Weekly Bulletin

6 Mar 2021

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

Alerts & Updates Corporate & Commercial

Revamped norms proposed for independent directors by SEBI – “Dual Approval” envisaged for appointment and removal of IDs | Master Circular on Surveillance of Securities Market

3 Mar 2021

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

Alerts & Updates Corporate & Commercial

SEBI proposes ‘Accredited Investors’ framework aiming towards a flexible regulatory regime and bespoke investment products

26 Feb 2021

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

Newsletters

Trade Watch Weekly Bulletin

27 Feb 2021

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

News & Media Tax

Equalization Levy: The Ambiguity Continues To Exist

22 Feb 2021

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

News & Media Corporate & Commercial

Approval of Schemes of Listed Companies: Independent Directors, Not a Sign-Post but a Check-Post

18 Feb 2021

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

News & Media Corporate & Commercial

Snowballing role of trustees in mutual fund

17 Feb 2021

Snowballing role of trustees in mutual fund....

News & Media Hospitality

Budget 2021 fails to provide much needed impetus

16 Feb 2021

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

Alerts & Updates Tax

Tax Newsletter – February 1 – 15, 2021

15 Feb 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

13 Feb 2021

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

News & Media

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

23 Feb 2021

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

Alerts & Updates Corporate & Commercial

LLPs to follow certain provisions of Companies Act, 2013 such as Significant Beneficial Ownership, Disqualification, Vacation of Partners, Limit on number of partnerships

21 Feb 2021

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

Newsletters Tax

Navigating GST – Issue 10

20 Feb 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure and Energy Digest

20 Feb 2021

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

Alerts & Updates Corporate & Commercial

Key notifications from MCA & RBI

20 Feb 2021

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

Newsletters International Trade

TradeWatch Weekly Bulletin

20 Feb 2021

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

Alerts & Updates Corporate & Commercial

MCA notifies expedited timelines| SEBI notifies revised format for PIT Regulations.

15 Feb 2021

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

News & Media Tax

Unsettling a settled tax dispute resolution structure

12 Feb 2021

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

News & Media Tax

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

12 Feb 2021

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

News & Media Defence & Aerospace

Leasing in India: All you need to know

11 Feb 2021

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

News & Media Corporate & Commercial

The OPC Revamp

11 Feb 2021

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

News & Media Tax

One Nation Many Cesses! – Now Agriculture Infrastructure And Development Cess

10 Feb 2021

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

News & Media Tax

Budget 2021 – Balancing Expectations and Reality

10 Feb 2021

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

News & Media Litigation, Arbitration & Dispute Resolution

DOES FRAUD VITIATE ARBITRATION? REVISITING ARBITRABILITY OF FRAUDS IN INDIA

9 Feb 2021

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

News & Media Tax

Loss of goodwill in M&A forever

8 Feb 2021

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

News & Media Tax

Taxing the untaxed – Slump Exchange

8 Feb 2021

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

News & Media Tax

Filtering tools for incentivizing exports: Rebate down, more to go?

6 Feb 2021

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

News & Media Tax

Demystifying the Budget for Exporters

6 Feb 2021

Demystifying the Budget for Exporters

News & Media Tax

Transgenerational Wealth – Estate and Succession Planning

5 Feb 2021

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

News & Media Tax

The centerpiece of Budget 2021 – Aatmanirbhar Bharat

5 Feb 2021

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

News & Media Tax

Underlying Theme of the Union Budget 2021 – Digitalization and Ease of Doing Business

4 Feb 2021

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

News & Media Tax

Budget 2021-22: Towards an Agile Indian Tax System

6 Feb 2021

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

News & Media Tax

India’s Customs Tariff Policy: Clear, Unambiguous and Truly Evolved

9 Feb 2021

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

News & Media Tax

Why did the market go euphoric over Budget?

4 Feb 2021

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

Newsletters International Trade

Trade Watch Weekly Bulletin

6 Feb 2021

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

Arbitration weekly-update – Haryana Space Application Centre (HARSAC) & Anr. v. M/s Pan India Consultants Pvt. Ltd

5 Feb 2021

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

Newsletters Projects, Infrastructure & Energy

Infrastructure and Energy Digest (January 2021)

9 Feb 2021

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

Events, Webcasts & Podcast

Union Budget 2021: Clause by Clause Analysis

3 Feb 2021

ELP’s Partners Rohit Jain and Nishant Shah, along with Senior Counsel, Vikram Nankani & Former CESTAT Me