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

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

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

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

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

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

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

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

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

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

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

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

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

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

Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted by Rediff.com in their article titled 'NPS: Best For Retirement, Tax Saving'. He talks...

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

Anti-dumping duty and countervailing duty orders

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

The Central Board of Indirect Taxes (“CBIC”) has issued Circular No. 214/1/2023-Service Tax dated 28.02.2023 (“Circular”) clarifying the applicability of...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Taxand Global Conference 2023, Mumbai

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Economic Laws Practice (ELP)’s partner Harsh Shah has been quoted in an article in The Economic Times in relation to the refund of GST...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Economic Laws Practice (ELP)’s partner Naresh Thacker has been quoted in an article by Outlook Publishing (India) Pvt. Ltd. in relation to a current...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Notice of Covered Merchandise Referral and Initiation of Covered Merchandise Inquiry

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Crystalline Silicon Photovoltaic Cells, Whether or Not Assembled into Modules

In an FAQ session with moneycontrol.com, Heena Chheda, Partner at Economic Laws Practice (ELP) answers some of the frequently asked questions that homebuyers should...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Economic Laws Practice (ELP)’s Partner, Ritesh Kanodia has shared his insights with BQ Prime on the recent decision of the Karnataka High Court upholding...

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

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

Economic Laws Practice (ELP)'s, Direct Tax Partner Mitesh Jain has been quoted in the The Economic Times today. The focus of the article is...

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

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

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

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

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

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

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

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

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

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

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

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

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

The culmination of the 47th GST Council Meeting, right at the cusp of the GST 5th anniversary saw re-organisation of rates of various goods and services...

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

KEY TRADE REMEDIAL UPDATES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Kumar Visalaksh, Partner Economic Laws Practice (ELP), discusses the recent Supreme Court Ruling which held that recommendations of the GST Council...

WTO launches a new WTO data portal to provide easy access to key databases offering trade statistics and information on...

India’s online gaming industry is poised to take off like never before. Considered to be one of the future pillars...

Forensic auditors are now seeking protection against litigation cases, as promoters and managements of companies facing allegations of fraud are...

On 18 February 2022, India and the United Arab Emirates (UAE) signed the India-United Arab Emirates Comprehensive Economic Partnership Agreement (“CEPA”),...

The Supreme Court judgment scrapping Integrated Goods & Services Tax (IGST) on ocean freight will bring lot of relief for...

The Supreme Court in its landmark ruling in the case of UOI vs. Mohit Minerals Pvt. Ltd. [C.A. No. 1390...

DISCRETION TO GRANT INTEREST AVAILABLE WITH THE ARBITRAL TRIBUNAL ONLY IN ABSENCE OF AGREEMENT TO THE CONTRARY: SUPREME COURT INTERPRETS...

Increase in population density in major cities led to increase in Floor Space Index (FSI) and this coupled with advancement...

WTO members welcome Quad (European Union, India, South Africa and the United States) document as basis for text-based negotiations on...

The Central Board of Direct Taxes (CBDT) said in a notification on May 10 to mandatorily quote either PAN or...

The Central Board of Direct Taxes (CBDT) has extended the requirement of Permanent Account Number (PAN), for more transactions as...

The government has made quoting of PAN or Aadhaar number mandatory if the cash deposits and withdrawals in a financial...

Naresh Thacker, Partner and Samarth Saxena, Associate at Economic Laws Practice (ELP) have co-authored an article for Financial Express (India) titled ‘A Problem of Unrealised...

India raises concerns at the WTO over a host of trade barriers built in by Indonesia, including export restrictions on...

Supreme Court:  An application under Section 11(6) of the Arbitration Act would lie before the ‘High Court’ which exercises supervisory...

In what is seen as a relief for India Inc that is faced with pandemic-induced compliance hardships, the Corporate Affairs...

Transfer and issuance of securities by companies to comply with foreign exchange laws | India Inc. gets extension to hold...

In a bid to enhance India’s cyber security and crypto infrastructure, the Indian Computer Emergency Response Team (CERT-in) has mandated...

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

Economic Laws Practice (ELP)'s Babu Sivaprakasam has been quoted in today's The Economic Times in an article which discusses the issue of a high...

Dear Reader Economic Laws Practice (ELP) has published it’s second edition (Volume II) of The India Post, a monthly Customs and...

Aditya Khadria, Partner at Economic Laws Practice (ELP) has been quoted in an article on Money Control – “Property papers...

On April 13, 2022, a WTO Panel issued its report in the dispute Costa Rica — Measures Concerning the Importation of...

Aditya Khadria, Partner, Economic Laws Practice (ELP) has authored an article for moneycontrol.com titled ‘Purchasing a residential property? Be aware of these things’. Rahul Veera,...

In a significant verdict, the Supreme Court ruled that the daughters of a male Hindu, dying intestate, would be entitled...

In an important development for the fund industry, the International Financial Services Centre Authority (IFSCA) has notified the IFSCA (Fund...

Ola Electric customer Balwant Singh has objected to use of his e-scooter telemetry data in the EV manufacturer’s press statement...

In a recent decision, the Hon’ble High Court of Gauhati (High Court) reaffirmed that the investigating

Seeking to expand the taxpayer base, the government has widened the scope for filing returns even if a person’s income...

ETMasterclass is coming up with a Workshop on Private Equity Deals and Funding on April 29, 2022. Yashojit Mitra, Partner at Economic Laws Practice...

Nishant Shah, Partner, Economic Laws Practice (ELP) has been invited by The Gem and Jewellery Export Promotion Council (India) to speak on the webinar...

Earlier this month, India and Australia signed a landmark bilateral trade pact called the Economic Cooperation and Trade Agreement (ECTA)...

American Bar Association is hosting it’s ILS Annual Conference from April 26, 2022-April 29, 2022. Panels of leading experts will address...

Amendments to Foreign Exchange Management (Non-debt Instruments) Rules, 2019: The Ministry of Finance has amended the Foreign Exchange Management (Non-debt...

In the recent Union Budget, a clutch of changes in the reassessment regime were announced. These changes have come into...

The India-UAE Comprehensive Economic Partnership Agreement (CEPA) is the first major agreement that India has signed in over a decade.[1]...

India has crossed the ambitious target of USD 400 billion in merchandise exports for the financial year 2021-22. The sharp...

Start-ups will now get five more years to convert convertible notes into equity shares. This is one of various changes...

After a long hiatus, India has begun to engage with trade pacts. In 2022, India has concluded a Comprehensive Economic...

On April 08, 2022, the Competition Commission of India (CCI), in exercise of the powers conferred on it under Section...

Insolvency regulator IBBI proposed to strengthen the information provided by information utilities (IUs) so as to speed up the admission...

The Russian attack on Ukraine has resulted in a series of economic sanctions imposed by allies of the North Atlantic...

The income tax department has reportedly slapped an over Rs 500 crore tax demand from big global funds, including private equity and venture...

Between 2016 and 2022, IndiGo, which commands a domestic market share of over 50 percent, has seen four people take...

In a significant decision, the Corporate Affairs Ministry (MCA) has said that companies need not make available certain personal information...

As per the Hindu Succession Act, if a Hindu Male dies intestate (i.e. without having a will), then class- I...

On April 2, 2022, India, and Australia signed the India-Australia Economic Cooperation and Trade Agreement (ECTA).

Economic Laws Practice (ELP) brings to you, Volume II of the Manual of Key Judicial Pronouncements from the AlcoBev Sector,...

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

What is the role of the owner and the operator whilst managing employees

What are the tax implications on various incidental/ ancillary services provided by hotels

What are the common types of operation agreements.

In the event disputes have arisen from a Hotel Management Agreement (HMA), are the disputes referred to arbitration or litigation...

Who is a “consumer” for the purposes of a hotel/ hospitality services? Who is excluded from such scope?

In most of the cases cost overruns and completion delays are caused due to

On March 31, 2022, the Competition Commission of India (CCI), in exercise of the powers conferred on it under Section...

In one of the first and most recent invocations of the judgment of the Hon’ble Supreme Court in T. Takano...

Pursuant to the recent decision of the Supreme Court in the case of Vijay Kumar Ghai & Ors. v. The...

With the objective of providing a smooth implementation of the amended Regulation 23 of the SEBI (Listing Obligations and Disclosure...

Whether an industry employing about 8000 workers which has been set up pursuant to consent to establish and consent to...

On February 18, 2022, India, and the United Arab Emirates (UAE) signed the India-United Arab Emirates Comprehensive Economic Partnership Agreement...

This update is regarding the recently notified Legal Metrology (Packaged Commodities) Amendment Rules, 2022

Pursuant to its previous circulars, SEBI has specified guidelines in respect of the following

CCI finds suppliers of Axle Bearings guilty of cartelization

In a move to make the process of open offers and buy-back offers more efficient and investor-friendly, SEBI has released...

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

Economic Laws Practice (ELP)’s Yashojit Mitra, Partner Corporate & Commercial was sought for his views on corporate governance by Business Today. This...

Revised procedure for seeking SEBI approval for change in control of sponsor/manager of AIF involving NCLT | Flexibility to Category...

As per the Arbitration and Conciliation Act, 1996 (Act), when a person is approached with a potential appointment as an...

The Finance Minister of India, Nirmala Sitharaman, during her announcement of India’s Union Budget 2022, introduced specific proposals to tax...

The final part of this three-part comprehensive series on the legal framework governing BIS license, discusses in detail the procedures...

The cryptocurrency industry kicked off with the popularisation of Bitcoin around the year 2008. The crypto landscape has exponentially grown...

Naresh Thacker, Partner at Economic Laws Practice (ELP) and Amar Dave, Counsel have co-authored an article for Taxsutra, tiled ‘Decoding the Constitutional Provisions...

The Ministry of Corporate Affairs (MCA), vide gazette notifications dated 16 March 2022, has extended by 5 more years:

The newly enacted Arbitration and Conciliation (Amendment) Act, 2021 is the fourth change made in the Indian arbitration regime in...

In a pro-business move, the Centre has extended by 5 more years the validity of an existing exemption available to...

As Russia’s invasion of Ukraine continues, the international legal community has condemned Vladimir Putin’s regime not just with words, but...

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

In 1991, when the Indian economy opened up, it was applauded as a new dawn. A breakaway from the infamous...

Dear Reader   We at Economic Laws Practice (ELP) are pleased to announce the first edition (Volume I) of The...

After formally launching negotiations on the India-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) in September 2021

In the case of HDFC Bank, the lender was allowed to function its other services, but Paytm Payments Bank has...

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

Amidst the State elections in Punjab, the Government has cut down power bills by INR 3 per unit for domestic...

In Part I of ELP’s three-part series relating to product quality standard regulations applicable in India (BIS Standards), the overall...

Indian drug manufacturers who have signed up with the Russian sovereign fund RDIF to manufacture the Sputnik vaccine are in...

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

India has set an ambitious target of manufacturing 5 million tons of green hydrogen by 2030. The launch of the...

Amongst the few clear defenses available to a private party aggrieved by a Government renegading on its promise, the doctrine...

The first of Economic Laws Practices’ three part-series on quality standards lays out  an overview of the regulatory environment governing...

The Russia – Ukraine conflict has predictably triggered swift and significant reactive measures from across the globe. While these sanctions...

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

The Supreme Court of India has recently held in the matter of T. Takano v. Securities and Exchange Board of...

ELP’s Alert gives an insight into the latest Guidelines issued by ASCI on advertising ‘Virtual Digital Assets’. It also looks...

Sanjay Notani, Senior Partner at Economic Laws Practice (ELP) has co-authored an article with Tetyana Payosova and Joanna Redelbach, Senior...

We are pleased to share our latest iteration of ELP's knowledge Series

ssues concerning the structural quality and safety of homebuyers have impacted people across the country. Against this backdrop, Aditya Khadria, Partner...

Economic Laws Practice (ELP) has been quoted by Business Standard in their article titled ‘Appoint two-three key people as life policy's nominees, say...

On 22 August 1997, an Implementation Agreement (IA) was executed between UHL Power Company Ltd. (UHL) and State of Himachal...

The year 2021 was an eventful one for global trade, with the world economy still struggling to bounce back from...

In this month’s newsletter, we have analyzed key announcements for the infrastructure sector in this year’s budget and their consequent...

The Corporate Affairs Ministry (MCA) has come out with a detailed framework for adjudication of penalties under the Limited Liability...

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

The difference between ‘reasons’ and ‘finding’ - defining scope of Court’s interference under Section 34(4) of the Arbitration and Conciliation...

One of the most anticipated amendments in India’s Union Budget of 2022–23 has been the retrospective overriding of the Supreme...

The Reserve Bank of India (RBI) has enhanced the maximum amount of e-RUPI prepaid digital vouchers from Rs. 10,000 currently...

In an important development in the IFSC region, with a view to develop the framework for investment funds, the International...

While the travel, tourism and hospitality trade associations have expressed their disappointment in the Union Budget presented by the Finance...

The National Newspaper recently published an article on Amazon’s legal woes in India. ELP’s Yashojit Mitra has been quoted in...

Rahul Charkha, Partner at Economic Laws Practice (ELP) has been quoted by The Times Of India in an article titled ‘Simpler tax regime to...

The Financial Express (India) published an article y on : Budget Speech 2022: ‘Will FM Nirmala Sitharaman address Cryptocurrency regulation...

Given low returns from bank fixed deposits and other savings schemes, a lot of investors are lured towards risky assets...

Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted by The Financial Express (India) in their article titled ‘Income...

Mitesh Chauhan, partner, Economic Laws Practice (ELP) has been quoted by Business Standard in their article titled ‘Budget 2022: MF...

Mitesh Jain, partner, Economic Laws Practice (ELP) has been quoted by The Financial Express in their article titled ‘Union Budget 2022 disappoints majority of...

Sujjain Talwar, Co-Founding Partner, Economic Laws Practice (ELP) has been quoted by Financial Express Online in their article titled ‘Working...

Darshan Bora, partner, Economic Laws Practice (ELP) has been quoted in Business Today in their article titled ‘Can the 'source...

Vivek Baj, Partner and Nikita Brahmankar, Senior Associate at Economic Laws Practice (ELP) have co-authored an article titled ‘Unravelling the...

The Budget Proposals announced by the Hon’ble Finance Minister include several amendments proposed in the Customs Act, 1962 (‘Customs Act’),...

In the last couple of years, the government has been rationalizing the rates of corporate tax, slashing them to 15%...

The Modi government has spooked industry by placing a gag on the publication of unverified export and import transactions. The...

Given below are some key news updates from the past week

Amidst the Amazon-Future Coupons deal, independent directors of Future Retail wrote to CCI requesting it to revoke the approval it...

India has seen an unprecedented growth in the number of crypto investors as Bitcoin skyrocketed to an all-time high. On...

Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted in Business Insider India in their article titled ‘A tax...

The pharmaceutical industry is a strategic one that contributes strategically to India’s growth story. Globally, India ranks third in terms...

The Finance Minister has announced that the Special Economic Zones Act, 2005 (SEZ Act) will be replaced with a new...

The Finance Minister, in her budget speech has proclaimed the beginning of the next phase - “Ease of Doing Business...

Section 10(4E) of the Income-tax Act, 1961 (IT Act) provides for tax exemption on income accruing or arising to or...

Recently there were certain media reports on the Government’s scrutiny of virtual digital assets, questioning its very existence from a...

The Finance Bill 2022 has clarified that tax shall include and deemed to have always included any surcharge or cess,...

In recent years, start-ups and the e-commerce industry in India have grown at a rapid pace. The Government has also...

Union Budget 2022, the 10th budget presented by PM Narendra Modi’s government was anticipated to be a ‘Growth Budget’

Budget 2022 has placed special emphasis on the growth of Indian gems and jewellery sector and certain key changes

The Finance Bill, 2022 has sought to overcome the ruling of the Supreme Court in the case of Canon India...

Ever since the announcement of National Capital Goods Policy, 2016, Government has taken a slew of measures to increase

Kumar Visalaksh, Partner and Arihant Tater, Senior Associate at Economic Laws Practice (ELP) have co-authored an article titled ‘No retrospective amendments please!’. With...

Mitesh Chauhan, Partner Sumeet Agrawal, Principal Associate of Economic Laws Practice (ELP) have co-authored an article titled ‘Budget wish list...

Many companies are currently facing an investigation from the Directorate of Revenue of Intelligence (“DRI”) for non-payment of Social Welfare...

In this week’s update, we analyze the decision of the Supreme Court in Intercontinental Hotels Group (India) Private Limited &...

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

Given below are some key news updates from the past week

Dear Reader:   Further to the introduction of Special Situation Funds (SSF), a sub-category under Category I AIF, which shall...

Asset monetization in the infrastructure space will be a highlight for the sector in the upcoming budget.

With the upcoming Budget, Indians living abroad are looking for more clarity on the legal definition of non-resident Indians and...

Dear Reader SEBI has recently introduced the following significant changes: A. SEBI introduces Special Situation Funds (SSFs) for investment in...

The annual Union Budget is a significant event for businesses in India as it sets the tone for Government policies...

Anti-dumping measures are part of a defensive toolkit used by members of the World Trade Organization (WTO) to protect their...

The scheme of scrutiny assessment under Income Tax witnessed a paradigm shift with the introduction of faceless assessment...

In just over three decades of the world wide web’s existence, over half of the world is now online; with...

Sujjain Talwar, Co-Founding Partner, Economic Laws Practice has been quoted in the News18...

Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including..

In a recent article by Business Standard , ELP’s Ashish Prasad discusses the legal

ELP’s Yashojit Mitra (Partner, Corporate & Commercial Team) has been extensively quoted in

Nishant Shah, Partner, Economic Laws Practice has been quoted in the Telegraph on an article which underpins the need...

Given below are some key news updates from the past week...

The present appeal was preferred by Ellora Paper Mills Ltd. (Ellora) against the judgement of the Madhya Pradesh High Court...

The Ministry of Corporate Affairs (MCA) has notified certain important changes in relation to payment of additional fees for delay...

Sections 73 and 74 of the Central Goods and Services Tax Act, 2017 (‘CGST Act’) contain

Following significant changes have been recently introduced

Given below are some key news updates from the past week pertaining to

The increasing popularity of cryptocurrencies has sparked several debates around the world on their legality and efficacy.

In Tata Capital Housing Finance Ltd v Shri Chand Construction and Apartment Private Limited, the Delhi High Court has held that unilateral...

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

The Securities and Exchange Board of India (SEBI) has announced tighter rules for companies raising capital from the markets, anchor...

The Securities and Exchange Board of India (SEBI) has approved crucial changes to IPO’s in India. These include restricting the...

Given below are some key news updates from the past week

The purchase and sale of power in India have long been dominated by power purchase agreements (PPAs) that state-owned distribution...

In this month’s newsletter, we at Economic Laws Practice (ELP) have examined the decision of the Appellate Tribunal for Electricity setting aside...

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

Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including:  ...

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

Harsh Shah, Partner, Economic Laws Practice (ELP) has been quoted by Times Property in their article titled ‘Demonetisation five years...

Dear Reader, The Income-tax Appellate Tribunal, Mumbai in its recent ruling held that the gift of brand to the corpus...

Naresh Thacker, Partner, Litigation, Arbitration And Dispute Resolution and Ria Dalwan, Associate at Economic Laws Practice (ELP) have co-authored an...

Babu Sivaprakasam, Senior Partner, Economic Laws Practice (ELP) has been

Given below are some key news updates from the past week

SEBI has issued changes and clarifications to the regulatory framework in respect of the following: Disclosure obligations of listed entities...

This week, we bring to you our analysis of the Supreme Court’s judgment in Gujarat State Disaster Management Authority v....

Over the last few years, companies in the construction sector have been hit by cash flow concerns. While these companies...

On October 8, 2021, a landmark deal was reached amongst over 130 countries where the broad contours of Two Pillar...

An increasing trend is quite visible where working professionals are pledging or giving away chunks of their wealth for philanthropy...

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

Dear Reader In this week’s arbitration update, Economic Laws Practice (ELP)’s dispute resolution team analyzes an interesting issue pertaining to...

Dear Reader   The Competition Commission of India (CCI) on November 18, 2021 released its report on “Market Study on...

Open access is envisaged as one of the corner-stones of the Electricity Act, 2003 (Electricity Act).

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

Dear Reader Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues...

SEBI amended the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations 2018”)...

Dear Reader The attached update contains a snapshot of the key developments in India’s trade defence actions in 2021 thus...

ELP’s update today is on the recently notified Legal Metrology (Packaged Commodities) Amendment Rules, 2021. The government of India has...

Dear Reader, In this month’s newsletter, we have examined the order of the Supreme Court regarding jurisdiction of regulatory bodies...

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

The OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) issued a statement on a

Certain regulatory changes to the framework for related party transactions (RPTs) and co-investment by investors of Alternative Investment Funds (AIFs)...

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

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

The rage for non-fungible tokens (NFTs) has taken India’s entertainment and social media industry by storm with a host of...

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

Dear Readers, On 27 October 2021, the Ministry of Finance, Government of India, incorporated new Anti-Absorption (AA) Rules into existing...

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

Dear Reader, For this week’s update, we analyze the Hon’ble Supreme Court’s decision in Garg Builders v. Bharat Heavy Electricals...

Economic Laws Practice (ELP)'s, Harsh Shah (Partner) and Ruchita Shah

Given below are some key news updates from the past week pertaining to international trade

Real estate developers have reached out to the government for clarity and concessions on the issue of double GST

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

Economic Laws Practice (ELP) & Taxsutra in their monthly Newsletter titled ‘Navigating GST 2.0’ give a comprehensive analysis of :...

Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including- Commercial...

In this week’s update, we analyze the decision of the Supreme Court in DLF Home Developers Limited v. Rajpura Homes...

SEBI has approved measures to make mergers and acquisitions of listed companies easier and allow the establishment of gold and...

SEBI has eased the delisting framework, which is seen as a move to boosting merger and acquisition (M&A) activity in...

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

For this week’s update, we analyze the Delhi High Court’s (Court) judgement in Steel Authority of India Limited v. Tata...

Set against the backdrop of one of the most difficult periods in the hospitality sector, ELP’s booklet is an attempt...

ELP’s Abhay Joshi (Partner) & Tanaya Sethi (Principal Associate) have been invited by Competition Policy International to author an article on ‘ How Should the...

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

ELP’s Babu Sivaprakasam, Aditya Khadria and Rahul Veera in their article for Business World discuss the regulatory changes in the...

Abhay Joshi (Partner), Sahil Khanna (Senior Associate)and Ketki Agarwal (Associate) from ELP recently authored an article on ‘Importance of Disclosures...

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

Per Section 8(1) of Goods and Services Tax (Compensation to States) Act, 2017, the GST Compensation cess was expected to...

ELP’s Adarsh Somani (Partner) has been quoted by News18 in their article titled ‘GST Meet on Friday: Petrol, Zomato, Swiggy,...

ELP’s Aakanksha Joshi’s article titled “A new pipeline for infrastructure” has been published in HBL. The article talks about how...

‘India Update – Part 2 of 2021’ is the latest addition to the ELP Knowledge Series. This document is intended...

Economic Laws Practice (ELP)’s Aakanksha Joshi (Partner) and Megha Agarwal (Principal Associate) in their article titled ‘Guest Data – Right to be forgotten’

Long-term capital loss on sale of shares purchased at a premium held to be genuine

Hon’ble Supreme Court inter alia held that the challenge to Rule 89(5) of the Central Goods and Service Tax Rules,...

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

Dhrupad Vaghani has been quoted in The Hindu Business Line in their article on ‘IBC @ 5 plays savior to...

Economic Laws Practice (ELP)’s Sanjay Notani and Naghm Ghei in their article ‘EU’s “Carbon Border Tax”: Implications for WTO & Developing Countries’ on ET Edge...

ELP’s Partner Adarsh Somani speaks of the PLI the scheme for textiles and how by design the scheme does not...

Economic Laws Practice (ELP)’s Adarsh Somani has been quoted in Business Standard in its article on ‘Union Cabinet approves Rs...

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

SEBI had recently introduced the concept of accredited investors (AIs) in the securities market, and accordingly, carried out certain changes...

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

MCA has issued a comprehensive set of seventy two (72) FAQs in supersession of its earlier FAQs and has also...

The US Food and Drug Administration (USFDA) has given full approval to the Pfizer-BioNTech Covid-19 vaccine for people aged

In Gemini Bay Transaction Pvt. Ltd. v. Integrated Sales Services Ltd. & Anr. the Supreme Court of India (SC) dealt...

With the view to boost foreign investments in the insurance sector, the Ministry of Finance (MoF) has notified changes..

Addressing the question of whether an order passed by an emergency arbitrator is enforceable under the Arbitration and Conciliation Act...

Economic Laws Practice (ELP)’s Partner, Rohit Jain has been quoted in Moneycontrol article on the RoDTEP scheme.

Rohit Jain and Gourav Sogani, Partners at Economic Laws Practice (ELP) have been quoted in Business Line (aka The Hindu...

Rohit Jain, Senior Partner, Economic Laws Practice (ELP) has been quoted in Business Standard article on the much-awaited guidelines and...

Rohit Jain, Senior Partner, Economic Laws Practice (ELP) has been quoted in today's moneycontrol.com article on the RoDTEP Scheme announced by the...

The much-awaited rates for Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme under Chapter 4 of the Foreign...

Economic Laws Practice (ELP) Partner, Abhishek Sanyal has been quoted in LiveMint in an article on Bombay HC’s interim order on IT Rules, which has...

Economic Laws Practice (ELP)’s Rohit Jain has been extensively quoted in today’s The Economic Times in an article “Auto sector fears higher GST rate...

Consequent to COVID-2019 pandemic, the Central Government announced a nationwide lockdown in March 2020. The same caused considerable disruption in...

Nishant Shah, Partner, Economic Laws Practice (ELP) & Kazim Rizvi, Founder, The Dialogue have authored an article

Economic Laws Practice (ELP)'s Nishant Shah has been quoted in LiveMint in an article on the ‘Country of Origin’ issues...

In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet approved a scheme to provide INR 1,624 crores...

RBI has proposed rationalisation of overseas investment regulations under Foreign Exchange Management Act, 1999 (FEMA), and has released following draft...

Taxpayer was issued a notice under Section 142(1) of the Income-tax Act (IT Act), to which the petitioner replied and...

Economic Laws Practice (ELP)’s Sujjain Talwar and Aakanksha Joshi have co-authored a chapter on Representations, Warranties, Indemnities and Insurance in...

Section9 of the Arbitration and Conciliation Act 1996 (her einafter Arbitration Act), is a necessary provision

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

Withdrawal of retrospective amendment in relation to indirect transfer, not to apply to transactions before May 28, 2012: Taxation Laws...

When GST was introduced in 2017, an area of taxation which failed to be addressed was the taxability of intra-entity...

In Odisha State Road Transport Corporation v. ARSS Bus Terminal Pvt. Ltd.1 , the Respondent was able to secure a...

In a series of announcements, India’s key regulators have introduced the following changes

The Directorate General of Trade Remedies (DGTR) on July 29, 2021 issued multiple Trade Notices amending the existing questionnaire formats...

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

The issue concerns the interpretation of the proviso to Order 7 Rule 11 Civil Procedure Code, 1908 (CPC) i.e. once...

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

We bring to you an important Banking & Finance update. There has been a significant judgement (Judgement) by the Hon’ble...

The CCI approves the Reliance Retail and Future Group Transaction

Recently, the Supreme Court considered whether the power of a court under Section 34 of the Arbitration and Conciliation Act,...

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

We write to you with an important update on Bureau of Indian Standards (BIS) certification in India

Aakanksha Joshi, Partner and Megha Agarwal, Principal Associate in their article with HospitalityBiz India online discuss

Acknowledging the difficulties faced by enterprises, the Competition Commission of India (CCI) has issued a notification dated July 1, 2021...

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

With a significant shift in global trends towards a stakeholder-centric governance structure, investors are recognizing the importance of assimilating non-financial...

In their article for Jindal Global Law School's (JGLS) inaugural blog, Stella Joseph and Yash K Desai discuss income tax...

With sustainable and impact investing gaining traction, ESG is picking up pace as an important tool for investors to identify...

In the present set of cases, the Hon’ble Supreme Court (SC) determined two important questions with respect to arbitration proceedings...

The Department of Heavy Industry (DHI) vide its notification dated June 11, 2021 has partially modified the Scheme for Faster...

In their article for Moneycontrol, ELP’s Kumar Visalaksh and Arihant Tater discuss India’s recent decision to be part of the...

The recent CESTAT Bangalore ruling in ICICI Econet and Internet Technology Fund [TS-290-CESTAT-2021-ST] that ‘carried interest’ - which is a...

During her budget speech earlier this year, the Finance Minister, Mrs. Nirmala Sitharaman, had announced that a further review of...

Economic Laws Practice ’s Kumar Visalaksh has been quoted by Express Pharma in their article

The solar sector has been beset with challenges over the last few years, especially with respect to withdrawn or quashed...

The following changes/proposals have been made by SEBI, MCA and the International Financial Services Centres Authority (IFSCA)

The Consumer Protection (E-commerce) Rules, 2020 (E-comm Rules) were notified in July 2020 with the aim to accommodate and regulate...

The taxpayer, a resident company had invested in two overseas subsidiaries in Netherlands and Brazil to further its business. These...

In KLA Const. Technologies Pvt. Ltd. v. The Embassy of Islamic Republic of Afghanistan and Matrix Global Pvt. Ltd. v....

In Board of Control for Cricket in India v. Deccan Chronicle Holdings Ltd.1 , the Bombay High Court(“Hon’ble High Court”)...

ELP’s Sujjain Talwar (Senior Partner) and Megha Agarwal (Principal Associate) have authored an article on for ET Hospitality

SEBI revises regulatory framework for Independent Directors | Introduces concept of well informed investors - accredited investors | Introduces various...

In a move to facilitate investments in International Financial Service Centre (IFSC) and attract foreign funds to relocate and set...

Digital/e-commerce players are facing scrutiny from multiple regulatory check-points in India, a trend which is mirroring the global current in...

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

SEBI attempts to ease M&A involving open offer and delisting | AIF norms for investments by an AIF into other...

In another breather to the industry in transacting matters MCA has allowed holding of extraordinary general meetings (EGMs) vide video...

The Dialogue and Economic Laws Practice released a white paper titled “Taxation of the Digitalized Economy..

ELP has been invited by OCR is pleased to invite you for its ‘First Annual Mid-Year Global Trade Review’ webinar...

ELP in partnership with IVCA is pleased to invite you for its upcoming webinar on “The IFSC Framework – How...

Economic Laws Practice (ELP)'s Sujjain Talwar, Co-founding Partner and Megha Agarwal,

Economic Laws Practice (ELP)’s Aakanksha Joshi, Partner and Megha Agarwal, Principal Associate

Merchandise Exports from India Scheme (MEIS) which was floated under the Foreign Trade Policy

Economic Laws Practice (ELP)’s Naresh Thacker, Partner and Rajashree Ram, Principal Associate in their article

Constitutional validity of section 13(8)(b) and section 8(2) of Integrated Goods and Services Tax Act, 2017 dealing with place of...

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

The Reserve Bank of India (RBI) vides its Press Release No. 2021-2022/319 dated June 04, 2021, released a statement setting...

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

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

In an important move and as a relief to the industry in transacting matters, MCA has allowed certain restricted board...

The emergence of new technologies and its application in a variety of systems has led to challenges with respect to...

SEBI has notified the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, on June 10, 2021...

The Madras High Court has set aside an assessment order passed under the Faceless Assessment Scheme on the grounds that...

National Bank for Financing Infrastructure and Development receives assent of the President of India

In order to make Gujarat International Finance Tec-City (GIFT), India's first International Financial Services Centre (IFSC), a global financial hub

The World Customs Organization (WCO) adopted the 7th Edition of Harmonized System (HS 2022) in June 2019 and accepted it...

Economic Laws Practice (ELP)’s Adarsh Somani, Partner and Mohammad Asif Mansoory, Associate Director in their

The issue of classification of parts and accessories has always been a bone of contention which has plagued a plethora...

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

Exemption from IGST on import of COVID related goods such as medical oxygen, oxygen concentrators and other oxygen storage.

Economic Laws Practice (ELP)’s Sanjay Notani, Partner, Abhishek Sanyal, Partner and Naghm Ghei, Senior Associate have authored an article on...

Economic Laws Practice (ELP)’s Sanjay Notani, Partner, Abhishek Sanyal, Partner and Daryl Menezes, Associate have authored an article on ‘Sale...

There has always been a lingering controversy on whether the Building and Other Construction Workers’ Welfare Cess (BOCWW Cess) will...

Determination of value is a crucial factor in the judicious levying of indirect taxes. One such aspect is interest/penalty/late fee...

In order to offer greater flexibility to SEBI registered Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) in overseas...

Air India, Vistara and other Indian airlines have suffered after authorities in Italy and Hong Kong found COVID-19 cases among...

Blurb for landing page – It is well-settled that charging provisions of tax statutes are to be interpreted in a...

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

In a move to streamline the regulatory framework dealing with issuance and listing of debt securities and non-convertible preference shares,

In a move to streamline the regulatory framework dealing with issuance and listing of debt securities and non-convertible preference shares,

Circa 1872, the Privy Council in ‘General Manager of the Raja Durbhunga’ observes that the tribulations of a litigant in...

The constitutionality of various rules issued under the Karnataka Excise Act,1965 were challenged. The issues raised before the Hon’ble Supreme...

In a major move towards growing India’s bullion trading market, SEBI has issued a consultation paper proposing framework for a...

In the infrastructure sector or the construction industry, the responsibility of bearing taxes, duties, levies and cesses is generally thrust...

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

A perpetual subject of dispute under the Indian tax laws, has been the classification of goods. Ranging from the age...

The taxpayer, a non-resident holding a British passport had sold 25% shareholding in a private limited company. The deductor at...

The Petitioner is a trader in raw rubber sheets. In the course of the business, the Petitioner purchased goods from...