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Thought Leadership

Alerts & Updates Tax

Tax Newsletter – September 30 – October 15, 2020

22 Oct 2020

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

Alerts & Updates Corporate & Commercial

Inability to meet minimum residency period of a director for 182 days not a violation even for FY 2020-21

22 Oct 2020

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

Alerts & Updates Corporate & Commercial

SEBI Update – AIF managers | Investment committee | Manipulative & unfair trade practice

20 Oct 2020

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

Insights International Trade & Customs Practice

ELP Update – CAROTAR 2020 – Obligations on exporters

20 Oct 2020

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

Newsletters International Trade & Customs Practice

Trade Watch Weekly Bulletin

20 Oct 2020

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 eases fund raise through QIBs – allows one time special resolution in a year as good compliance

20 Oct 2020

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

Alerts & Updates Corporate & Commercial

26% FDI under approval route applicable to digital media, news aggregators, news agencies | Given 1 year to comply with the cap & other requirements

20 Oct 2020

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

Alerts & Updates Corporate & Commercial

Default by issuers of listed debt securities – SEBI prescribes procedure to be followed by Debenture TrusteesDefault by issuers of listed debt securities – SEBI prescribes procedure to be followed by Debenture Trustees

15 Oct 2020

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

News & Media Litigation, Arbitration & Dispute Resolution

Conflict with China: India’s BIT dilemma

15 Oct 2020

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

Alerts & Updates Corporate & Commercial

SEBI Update – Debentures

10 Oct 2020

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

Newsletters International Trade & Customs Practice

Trade Watch Weekly Bulletin

10 Oct 2020

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

Alerts & Updates Tax

ELP – Tax Newsletter -September 15 – September 30

7 Oct 2020

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

News & Media Corporate & Commercial

Crucial Labor Reform Bills introduced in Parliament

7 Oct 2020

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

Alerts & Updates Corporate & Commercial

SEBI prescribes standardization of timeline for listing of certain securities issued on private placement basis

6 Oct 2020

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

Insights Tax

Inverted Decision on Inverted Rate Structure

1 Oct 2020

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

Alerts & Updates Tax

Guidelines under Section 194-O and 206C(1H) of the IT Act

1 Oct 2020

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

Alerts & Updates Corporate & Commercial

Mandatory forensic audit disclosure to stock exchanges, reverse book building not applicable for delisting listed subsidiary & other key decisions at SEBI Board meeting | Fund raising relaxations extended

1 Oct 2020

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

Events & Webcast

Upcoming Webinar: Taxand Asia Seminar Series

30 Sep 2020

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

Alerts & Updates Corporate & Commercial

SEBI introduces a series of changes

30 Sep 2020

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

Alerts & Updates Defence & Aerospace

Notification of new Defence Acquisition Procedure 2020

29 Sep 2020

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

Alerts & Updates Tax

Tax Collection at Source

29 Sep 2020

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

Alerts & Updates Corporate & Commercial

Companies (Amendment) Act, 2020 receives the Presidential assent

29 Sep 2020

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

Alerts & Updates Corporate & Commercial

MCA provides extensions for : Companies Fresh Start, LLP Settlement, Charge Forms Condonation schemes, EGMs through VC or OVAM, VC Board Meetings

29 Sep 2020

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

Insights

Indemnity, Reps & Warranties and Insurance in M&A

28 Sep 2020

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

Newsletters International Trade & Customs Practice

Trade Watch Weekly Bulletin

26 Sep 2020

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

Events & Webcast

Upcoming Webinar – Unlocking and back to the Growth Trajectory: A Tax Perspective

26 Sep 2020

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

Alerts & Updates Corporate & Commercial

SEBI issues changes w.r.t Investment advisers, Rights issue, Takeover Code, Administrative Assistance to trustees of mutual funds

26 Sep 2020

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

Newsletters Litigation, Arbitration & Dispute Resolution

Arbitration Alert – Adani v. Antikeros

24 Sep 2020

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

Newsletters Tax

Navigating GST 2.0 – Issue 8

24 Sep 2020

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

Alerts & Updates Corporate & Commercial

Crucial Labor Reforms Bill introduced in Parliament

23 Sep 2020

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

Alerts & Updates Corporate & Commercial

SEBI allows FPIs to write-off shares of all companies they are unable to sell

23 Sep 2020

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

Alerts & Updates Corporate & Commercial

Companies (Amendment) Bill, 2020 passed by the Parliament

23 Sep 2020

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

Alerts & Updates Tax

Taxation & Other Laws (Relaxation & Amendment of Certain Provisions) Bill, 2020

22 Sep 2020

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

Insights International Trade & Customs Practice

CAROTAR 2020 -Q&A: Importers

21 Sep 2020

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

Insights International Trade & Customs Practice

CAROTAR 2020 – Q&A: Exporters

21 Sep 2020

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

Newsletters International Trade & Customs Practice

Trade Watch Weekly Bulletin

19 Sep 2020

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

Alerts & Updates

FDI in Defence Sector – Upto 74% allowed under the automatic route

18 Sep 2020

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

Alerts & Updates Corporate & Commercial

SEBI allows units of REITs and InvITs of certain jurisdictions to list/trade on stock exchanges operating in IFSCs

17 Sep 2020

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

Insights Litigation, Arbitration & Dispute Resolution

Analyzing the parliamentary standing committees interim report on functioning of virtual courts or court proceedings through video conferencing

15 Sep 2020

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

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Weekly Update

14 Sep 2020

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

Alerts & Updates Corporate & Commercial

SEBI proposes overhaul of corporate governance norms | Issues consultation paper for LODR changes

12 Sep 2020

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

Newsletters International Trade & Customs Practice

Trade Watch Weekly Bulletin

12 Sep 2020

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-August 2020

11 Sep 2020

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

Alerts & Updates Corporate & Commercial

AGM timeline extended till December 31, 2020

10 Sep 2020

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

Alerts & Updates Corporate & Commercial

Automated system driven disclosures set in motion for Insider Trading Regulations

10 Sep 2020

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

Insights Defence & Aerospace

Investing in INDIA’s Defence Sector

9 Sep 2020

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

Alerts & Updates Corporate & Commercial

MCA’s boost to start-ups | Eases deposit norms

8 Sep 2020

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

Alerts & Updates International Trade & Customs Practice

Re-validation of export authorizations issued for the export of software/technology items under the SCOMET list

8 Sep 2020

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

Newsletters International Trade & Customs Practice

Trade Watch Weekly Bulletin

5 Sep 2020

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

Alerts & Updates Tax

ELP – Tax Newsletter – August 15 to August 31

4 Sep 2020

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

Alerts & Updates International Trade & Customs Practice

JUDICIAL UPDATE: Union of India v. Agricas LLP

1 Sep 2020

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

Newsletters International Trade & Customs Practice

TradeWatch Weekly Bulletin

1 Sep 2020

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 directs companies to place annual returns

1 Sep 2020

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

Alerts & Updates Corporate & Commercial

MCA directs companies to place annual returns on their website

29 Aug 2020

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

Newsletters International Trade & Customs Practice

TradeWatch Weekly Bulletin

29 Aug 2020

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 gives another 4 months to implement procedural guidelines by proxy advisors & for resolution of grievances between listed companies and proxy advisors

28 Aug 2020

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

Sector Books/Booklets Defence & Aerospace

Investing in India’s Defence Sector

28 Aug 2020

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

Alerts & Updates Corporate & Commercial

MCA amends CSR norms to encourage fight against COVID-19

25 Aug 2020

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

Alerts & Updates International Trade & Customs Practice

A regime shift for importers regarding compliance under ROO

25 Aug 2020

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

Newsletters International Trade & Customs Practice

TradeWatch Weekly Bulletin

22 Aug 2020

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 Recalibration of MPS Norms

20 Aug 2020

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

Alerts & Updates Tax

ELP – Tax Newsletter – August 1 to August 15

20 Aug 2020

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

Alerts & Updates Corporate & Commercial

Extension of AGMs – Companies directed to apply to ROCs before September 29, 2020

18 Aug 2020

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

Insights International Trade & Customs Practice

ELP Insights – India Untangling The Supply Chain – Aug 2020

18 Aug 2020

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

Events & Webcast

Navigating the Global 360° IMPACT OF COVID-19

17 Aug 2020

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

Newsletters International Trade & Customs Practice

TradeWatch Weekly Bulletin

15 Aug 2020

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

News & Media Policy & Regulation

India’s ‘Internet Freedom’ Compromised – Are Our Laws & Policies Too Old

15 Aug 2020

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

Alerts & Updates Corporate & Commercial