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...
Stella Joseph in conversation with Yash...
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...
While nowadays one keeps hearing about cryptocurrency, the concepts of non-fungible tokens and smart contracts have also become quite popular....
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...
Stella Joseph in conversation with Nishant Shah & Yash Desai
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...
Podcast Series: Parthasarathi Jha in conversation with
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).
Podcast Series: Parthasarathi Jha in conversation with...
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
Podcast Series: Sujjain Talwar in conversation with Nishant Shah.
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Economic Laws Practice (ELP) & Taxsutra in their monthly Newsletter titled ‘Navigating GST 2.0’ give a comprehensive analysis of :...
Our monthly tax update includes detailed analysis on recent case laws/advance rulings on several direct and indirect issues including- Commercial...
In this week’s update, we analyze the decision of the Supreme Court in DLF Home Developers Limited v. Rajpura Homes...
SEBI has approved measures to make mergers and acquisitions of listed companies easier and allow the establishment of gold and...
SEBI has eased the delisting framework, which is seen as a move to boosting merger and acquisition (M&A) activity in...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
For this week’s update, we analyze the Delhi High Court’s (Court) judgement in Steel Authority of India Limited v. Tata...
Set against the backdrop of one of the most difficult periods in the hospitality sector, ELP’s booklet is an attempt...
ELP’s Abhay Joshi (Partner) & Tanaya Sethi (Principal Associate) have been invited by Competition Policy International to author an article on ‘ How Should the...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain Chemicals into...
ELP’s Babu Sivaprakasam, Aditya Khadria and Rahul Veera in their article for Business World discuss the regulatory changes in the...
Abhay Joshi (Partner), Sahil Khanna (Senior Associate)and Ketki Agarwal (Associate) from ELP recently authored an article on ‘Importance of Disclosures...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Per Section 8(1) of Goods and Services Tax (Compensation to States) Act, 2017, the GST Compensation cess was expected to...
ELP’s Adarsh Somani (Partner) has been quoted by News18 in their article titled ‘GST Meet on Friday: Petrol, Zomato, Swiggy,...
ELP’s Aakanksha Joshi’s article titled “A new pipeline for infrastructure” has been published in HBL. The article talks about how...
‘India Update – Part 2 of 2021’ is the latest addition to the ELP Knowledge Series. This document is intended...
Economic Laws Practice (ELP)’s Aakanksha Joshi (Partner) and Megha Agarwal (Principal Associate) in their article titled ‘Guest Data – Right to be forgotten’
Long-term capital loss on sale of shares purchased at a premium held to be genuine
Hon’ble Supreme Court inter alia held that the challenge to Rule 89(5) of the Central Goods and Service Tax Rules,...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Dhrupad Vaghani has been quoted in The Hindu Business Line in their article on ‘IBC @ 5 plays savior to...
Economic Laws Practice (ELP)’s Sanjay Notani and Naghm Ghei in their article ‘EU’s “Carbon Border Tax”: Implications for WTO & Developing Countries’ on ET Edge...
ELP’s Partner Adarsh Somani speaks of the PLI the scheme for textiles and how by design the scheme does not...
Economic Laws Practice (ELP)’s Adarsh Somani has been quoted in Business Standard in its article on ‘Union Cabinet approves Rs...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
SEBI had recently introduced the concept of accredited investors (AIs) in the securities market, and accordingly, carried out certain changes...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
MCA has issued a comprehensive set of seventy two (72) FAQs in supersession of its earlier FAQs and has also...
The US Food and Drug Administration (USFDA) has given full approval to the Pfizer-BioNTech Covid-19 vaccine for people aged
In Gemini Bay Transaction Pvt. Ltd. v. Integrated Sales Services Ltd. & Anr. the Supreme Court of India (SC) dealt...
With the view to boost foreign investments in the insurance sector, the Ministry of Finance (MoF) has notified changes..
Addressing the question of whether an order passed by an emergency arbitrator is enforceable under the Arbitration and Conciliation Act...
Economic Laws Practice (ELP)’s Partner, Rohit Jain has been quoted in Moneycontrol article on the RoDTEP scheme.
Rohit Jain and Gourav Sogani, Partners at Economic Laws Practice (ELP) have been quoted in Business Line (aka The Hindu...
Rohit Jain, Senior Partner, Economic Laws Practice (ELP) has been quoted in Business Standard article on the much-awaited guidelines and...
Rohit Jain, Senior Partner, Economic Laws Practice (ELP) has been quoted in today's moneycontrol.com article on the RoDTEP Scheme announced by the...
The much-awaited rates for Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme under Chapter 4 of the Foreign...
Economic Laws Practice (ELP) Partner, Abhishek Sanyal has been quoted in LiveMint in an article on Bombay HC’s interim order on IT Rules, which has...
Economic Laws Practice (ELP)’s Rohit Jain has been extensively quoted in today’s The Economic Times in an article “Auto sector fears higher GST rate...
Consequent to COVID-2019 pandemic, the Central Government announced a nationwide lockdown in March 2020. The same caused considerable disruption in...
Nishant Shah, Partner, Economic Laws Practice (ELP) & Kazim Rizvi, Founder, The Dialogue have authored an article
Economic Laws Practice (ELP)'s Nishant Shah has been quoted in LiveMint in an article on the ‘Country of Origin’ issues...
In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet approved a scheme to provide INR 1,624 crores...
RBI has proposed rationalisation of overseas investment regulations under Foreign Exchange Management Act, 1999 (FEMA), and has released following draft...
Taxpayer was issued a notice under Section 142(1) of the Income-tax Act (IT Act), to which the petitioner replied and...
Economic Laws Practice (ELP)’s Sujjain Talwar and Aakanksha Joshi have co-authored a chapter on Representations, Warranties, Indemnities and Insurance in...
Section9 of the Arbitration and Conciliation Act 1996 (her einafter Arbitration Act), is a necessary provision
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Withdrawal of retrospective amendment in relation to indirect transfer, not to apply to transactions before May 28, 2012: Taxation Laws...
When GST was introduced in 2017, an area of taxation which failed to be addressed was the taxability of intra-entity...
In Odisha State Road Transport Corporation v. ARSS Bus Terminal Pvt. Ltd.1 , the Respondent was able to secure a...
In a series of announcements, India’s key regulators have introduced the following changes
The Directorate General of Trade Remedies (DGTR) on July 29, 2021 issued multiple Trade Notices amending the existing questionnaire formats...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The issue concerns the interpretation of the proviso to Order 7 Rule 11 Civil Procedure Code, 1908 (CPC) i.e. once...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
We bring to you an important Banking & Finance update. There has been a significant judgement (Judgement) by the Hon’ble...
The CCI approves the Reliance Retail and Future Group Transaction
Recently, the Supreme Court considered whether the power of a court under Section 34 of the Arbitration and Conciliation Act,...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
We write to you with an important update on Bureau of Indian Standards (BIS) certification in India
Aakanksha Joshi, Partner and Megha Agarwal, Principal Associate in their article with HospitalityBiz India online discuss
Acknowledging the difficulties faced by enterprises, the Competition Commission of India (CCI) has issued a notification dated July 1, 2021...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
With a significant shift in global trends towards a stakeholder-centric governance structure, investors are recognizing the importance of assimilating non-financial...
In their article for Jindal Global Law School's (JGLS) inaugural blog, Stella Joseph and Yash K Desai discuss income tax...
With sustainable and impact investing gaining traction, ESG is picking up pace as an important tool for investors to identify...
In the present set of cases, the Hon’ble Supreme Court (SC) determined two important questions with respect to arbitration proceedings...
The Department of Heavy Industry (DHI) vide its notification dated June 11, 2021 has partially modified the Scheme for Faster...
In their article for Moneycontrol, ELP’s Kumar Visalaksh and Arihant Tater discuss India’s recent decision to be part of the...
The recent CESTAT Bangalore ruling in ICICI Econet and Internet Technology Fund [TS-290-CESTAT-2021-ST] that ‘carried interest’ - which is a...
During her budget speech earlier this year, the Finance Minister, Mrs. Nirmala Sitharaman, had announced that a further review of...
Economic Laws Practice ’s Kumar Visalaksh has been quoted by Express Pharma in their article
The solar sector has been beset with challenges over the last few years, especially with respect to withdrawn or quashed...
The following changes/proposals have been made by SEBI, MCA and the International Financial Services Centres Authority (IFSCA)
The Consumer Protection (E-commerce) Rules, 2020 (E-comm Rules) were notified in July 2020 with the aim to accommodate and regulate...
The taxpayer, a resident company had invested in two overseas subsidiaries in Netherlands and Brazil to further its business. These...
In KLA Const. Technologies Pvt. Ltd. v. The Embassy of Islamic Republic of Afghanistan and Matrix Global Pvt. Ltd. v....
In Board of Control for Cricket in India v. Deccan Chronicle Holdings Ltd.1 , the Bombay High Court(“Hon’ble High Court”)...
ELP’s Sujjain Talwar (Senior Partner) and Megha Agarwal (Principal Associate) have authored an article on for ET Hospitality
SEBI revises regulatory framework for Independent Directors | Introduces concept of well informed investors - accredited investors | Introduces various...
In a move to facilitate investments in International Financial Service Centre (IFSC) and attract foreign funds to relocate and set...
Digital/e-commerce players are facing scrutiny from multiple regulatory check-points in India, a trend which is mirroring the global current in...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
SEBI attempts to ease M&A involving open offer and delisting | AIF norms for investments by an AIF into other...
In another breather to the industry in transacting matters MCA has allowed holding of extraordinary general meetings (EGMs) vide video...
The Dialogue and Economic Laws Practice released a white paper titled “Taxation of the Digitalized Economy..
ELP has been invited by OCR is pleased to invite you for its ‘First Annual Mid-Year Global Trade Review’ webinar...
ELP in partnership with IVCA is pleased to invite you for its upcoming webinar on “The IFSC Framework – How...
Economic Laws Practice (ELP)'s Sujjain Talwar, Co-founding Partner and Megha Agarwal,
Economic Laws Practice (ELP)’s Aakanksha Joshi, Partner and Megha Agarwal, Principal Associate
Merchandise Exports from India Scheme (MEIS) which was floated under the Foreign Trade Policy
Economic Laws Practice (ELP)’s Naresh Thacker, Partner and Rajashree Ram, Principal Associate in their article
Constitutional validity of section 13(8)(b) and section 8(2) of Integrated Goods and Services Tax Act, 2017 dealing with place of...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The Reserve Bank of India (RBI) vides its Press Release No. 2021-2022/319 dated June 04, 2021, released a statement setting...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In an important move and as a relief to the industry in transacting matters, MCA has allowed certain restricted board...
The emergence of new technologies and its application in a variety of systems has led to challenges with respect to...
SEBI has notified the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, on June 10, 2021...
The Madras High Court has set aside an assessment order passed under the Faceless Assessment Scheme on the grounds that...
National Bank for Financing Infrastructure and Development receives assent of the President of India
In order to make Gujarat International Finance Tec-City (GIFT), India's first International Financial Services Centre (IFSC), a global financial hub
The World Customs Organization (WCO) adopted the 7th Edition of Harmonized System (HS 2022) in June 2019 and accepted it...
Economic Laws Practice (ELP)’s Adarsh Somani, Partner and Mohammad Asif Mansoory, Associate Director in their
The issue of classification of parts and accessories has always been a bone of contention which has plagued a plethora...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Exemption from IGST on import of COVID related goods such as medical oxygen, oxygen concentrators and other oxygen storage.
Economic Laws Practice (ELP)’s Sanjay Notani, Partner, Abhishek Sanyal, Partner and Naghm Ghei, Senior Associate have authored an article on...
Economic Laws Practice (ELP)’s Sanjay Notani, Partner, Abhishek Sanyal, Partner and Daryl Menezes, Associate have authored an article on ‘Sale...
There has always been a lingering controversy on whether the Building and Other Construction Workers’ Welfare Cess (BOCWW Cess) will...
Determination of value is a crucial factor in the judicious levying of indirect taxes. One such aspect is interest/penalty/late fee...
In order to offer greater flexibility to SEBI registered Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) in overseas...
Air India, Vistara and other Indian airlines have suffered after authorities in Italy and Hong Kong found COVID-19 cases among...
Blurb for landing page – It is well-settled that charging provisions of tax statutes are to be interpreted in a...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In a move to streamline the regulatory framework dealing with issuance and listing of debt securities and non-convertible preference shares,
In a move to streamline the regulatory framework dealing with issuance and listing of debt securities and non-convertible preference shares,
Circa 1872, the Privy Council in ‘General Manager of the Raja Durbhunga’ observes that the tribulations of a litigant in...
The constitutionality of various rules issued under the Karnataka Excise Act,1965 were challenged. The issues raised before the Hon’ble Supreme...
In a major move towards growing India’s bullion trading market, SEBI has issued a consultation paper proposing framework for a...
In the infrastructure sector or the construction industry, the responsibility of bearing taxes, duties, levies and cesses is generally thrust...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
A perpetual subject of dispute under the Indian tax laws, has been the classification of goods. Ranging from the age...
The taxpayer, a non-resident holding a British passport had sold 25% shareholding in a private limited company. The deductor at...
The Petitioner is a trader in raw rubber sheets. In the course of the business, the Petitioner purchased goods from...
Government has announced PLI Scheme for 13 Target Sectors, including High Efficiency Solar Photo Voltic (PV) Modules.PLI Scheme for Solar...
SEBI has announced slew of measures in the context of corporate governance norms, boosting the start-up ecosystem and Innovators Growth...
As you are aware, SEBI has recently introduced new sustainability reporting requirements including environment, social and governance (ESG) parameters under...
Bonded warehouse is a facility wherein imported goods are stored under customs control in a designated place/ warehouse. Customs duty...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
MCA has clarified that spending of corporate social responsibility (CSR) funds for the following activities will be eligible CSR activities...
Gap between two board meetings extended under the Companies Act, 2013 (CA2013) Relaxation of provisions relating to the payment of...
Certain important changes have been notified by SEBI related to the mutual fund industry. Additionally, SEBI has also provided relaxations...
In India’s 2021 budget, Finance Minister Nirmala Sitharaman proposed merging the four acts that presently govern capital markets and securities,...
In GST, National Anti-profiteering Authority (NAA) has an innocuous mandate – to ensure that businesses pass on the benefit of...
The Knowledge Series covers many developments over the recent past which will have an impact on companies doing business in/with...
In continuation of its earlier MCA General Circular dated March 23, 2020 which clarified that spending of corporate social responsibility...
We are writing to you with an important update regarding mandatory registration requirements applicable to imports of certain products into...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Each PLI Scheme specifies conditions and qualifying criterion for eligibility. Qualifying parameters across notified PLI Schemes are similar, with threshold...
Challenging circumstances have unfolded in the wake of the Covid-19 pandemic. Although there are echoes in plagues and the spread...
On January 20, 2021, the Competition Commission of India (CCI) approved the proposed acquisition by Flipkart Investments Private Limited (Flipkart)...
SUPREME COURT APPOINTS ARBITRATOR AND REFUSES TO ENTERTAIN OBJECTIONS OF NOVATION OF AGREEMENT STATING THAT THOSE ARE MATTERS FOR AN...
The Government of India has on 15th and 16th April 2021 notified proposed Quality Control Orders for certain products.
The use of sub-contracting or co-contracting is typically a part of the strategy of most complex projects, especially in the...
The Authority for Advance Ruling (‘AAR’) under the service tax regime, in case of a Global Investment Banking company, while...
Section 9 of the Arbitration and Conciliation Act 1996 (hereinafter Arbitration Act), is a necessary provision, permitting a party to...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
SUPREME COURT: REFUSAL TO SET ASIDE AN ARBITRAL AWARD SINCE DELAY HAS NOT BEEN CONDONED UNDER SECTION 34 (3) WOULD...
The taxpayer, a non-resident holding a British passport had sold 25% shareholding in a private limited company. The deductor at...
Nortel Networks India Pvt. Ltd. (Nortel) undertook certain works for Bharat Sanchar Nigam Ltd. (BSNL) under a purchase order. On...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Public Procurement to provide for Purchase Preference in respect of Renewable Energy Sector.
In order to further enhance the ambit of qualified buyers under the Securitisation and Reconstruction of Financial Assets and Enforcement...
Recently, the Hon’ble Supreme Court of India has, in the matter of P. Mohanraj & Ors. Vs M/s. Shah Brothers Ispat...
Finance Act 2021- A Glimpse into the Future of Indirect Tax Disputes
The Panel in Colombia — Frozen Fries (DS591) does not expect to issue its final report to the parties before...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Certain important changes have been introduced in relation to the Companies Act, 2013 and the Foreign Exchange Management Act, 1999,...
Due to the outbreak of Covid-19 pandemic, litigants across the country faced grave difficulties in filing their petitions, applications, suits,...
Companies will also have to disclose their relationship with struck-off firms and the details of title deeds of immovable property...
MUMBAI: Small shareholders can have a representation on the board of the investee company but not minority shareholders, ruled the..
Vide the Companies (Accounts) Amendment Rules, 2021, dated March 24, 2021 (available here), for the financial year commencing on or...
The Panel in European Union – Safeguard Measures on Certain Steel Products (DS595) does not expect to issue its final...
MCA has carried out major amendments related to reporting and disclosures of information by companies under the Companies Act,2013
A Special Leave Petition was filed by Praveen Electricals Pvt. Ltd. (PEPL), against Galaxy Infra Engineering Pvt. Ltd,(Galaxy), before the...
The Ministry of Finance has opened-up another avenue for investments by Non-Government Provident Funds, Superannuation Funds and Gratuity Funds.
Return of income (ROI) filed by the taxpayer, a tax resident of Canada, for Assessment Year (AY) 2012-13 was selected...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The taxpayer is a resident Indian end-user of shrink-wrapped computer software. The taxpayer directly imported shrink-wrapped software from USA.
MCA has notified the revised form for annual return (MGT-7) and has also introduced the abridged form of annual return...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In order to strengthen the institution of independent directors (IDs) and enhance their effectiveness in protection of the interest of...
SEBI has issued a consultation paper introducing the concept of Accredited Investors...
Given below are some key news updates from the past week pertaining to international trade and customs....
The Memorandum to Finance Bill, 2021 (Bill) states that....
The securities market regulator, SEBI, has recently issued a Circular....
Snowballing role of trustees in mutual fund....
Hospitality Biz India is the first hospitality news portal in India to provide quality....
Return of income (ROI) filed by the taxpayer, a tax resident of Canada....
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Zee Business - GST Ka Janjal: ELP Partner Gopal Mundhra on Liquidated Damages.
In a major move which will impact LLPs and its partners, MCA has announced the applicability of following mentioned provisions...
The GST regime came as a solo performer in the Indian world of varied range of indirect taxes. While there...
On January 16, 2021, the Ministry of Railways introduced a new iron-ore policy (Iron-ore Policy) governing allocation of rakes and...
MCA has notified the classes of companies which will not be considered as listed companies for the purposes of the...
Nigeria’s Ngozi Okonjo-Iweala becomes the first woman and first African to head the WTO.
To enable companies to close the rights offer in a shorter period and to expedite this process, Section 62(1)(a) of...
IN India, the annual finance budget is not merely a statement of income and expenditure of Central Government, rather it...
New Law on Re-assessment – Critical to Define “Information"
India is at last putting its money where her mouth is. At Aero India 2021, Raksha Mantri (RM) Rajnath Singh...
The Government of India had constituted an expert committee under the chairmanship of Dr. Jamshed J. Irani to inter alia...
The multiplicity of taxes in India has historically created hindrance in smooth compliance procedure. In order to follow the objective...
Extraordinary times call for extraordinary measures. Batting on a sticky wicket in the aftermath of COVID, the Hon'ble Finance Minister...
This post has been authored by Mr. Naresh Thacker and Mr. Samarth Saxena, Partner and Associate at Economic Laws Practice....
The depreciation on goodwill is always an essential element in calculating post-tax return of an acquisition proposal and would severely...
BUDGET 2021 was well received amongst the business fraternity with its focus on growth and fiscal expansion while simultaneously maintain the...
Exports play a significant role in any economy, with its direct influence on the level of economic growth, employment and...
Demystifying the Budget for Exporters
In the western world, some of the more successful families have reached third or fourth generations in business. Asia holds...
THE Union Budget 2021 renewed its commitment to the government's vision of 'Aatmanirbhar Bharat'. The budget has fostered this theme through its...
In 2014, the Government of India launched an ambitious program of regulatory reforms aimed at ease of doing business in...
Budget 2021-22 will perhaps stand out for its boldness in focusing on reforms aimed at simplifying the administrative
The two T’s of cross border i.e. tension and trade, are best addressed with a clear policy. Well the good...
Budget 2022 was historic in many ways as mentioned by the Finance Minister at the start of her speech given...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In 2010, Haryana Space Application Centre (Appellant No. 1) invited Requests for Proposal for modernization of land records.
On January 16, 2021, the Ministry of Railways introduced a new iron-ore policy (Iron-ore Policy) governing allocation of rakes and...
ELP’s Partners Rohit Jain and Nishant Shah, along with Senior Counsel, Vikram Nankani & Former CESTAT Member, RK Singh present...
An agricultural infrastructure cess of 100% has been proposed on alcoholic beverages in this year’s Union Budget . In an...
Indian share markets cheered the Union Budget which zoomed over 4 per cent after the FM Nirmala Sitharaman concluded her...
Rohit Jain, Partner, Economic Laws Practice (ELP), has been quoted in Tax World reacts to Indirect Tax/GST proposals in Budget...
Harsh Shah, Partner, Economic Laws Practice (ELP), has been quoted in Tax World reacts to Indirect Tax/GST proposals in Budget...
Nishant Shah, Partner, Economic Laws Practice (ELP) Laws Practice has been quoted by Taxsutra in their Union Budget 2021 analysis.
Harsh Shah, Partner, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.
Rahul Charkha, Associate Director, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.
Mitesh Jain, Partner, Economic Laws Practice (ELP) has been quoted by Taxsutra in their Union Budget 2021 analysis.
Get a quick byte on overview of the Budget2021 with Rohit Jain, Partner, Economic Laws Practice (ELP). He shares about the status...
Union budget 2021: In the last couple of years, the Government has been rationalising the rates of corporate tax, slashing...
The Ministry of Corporate Affairs (MCA) and the Department for Promotion of Industry and Internal Trade (DPIIT), have introduced certain...
We at ELP have been analyzing the budgets for two decades now and the record will reflect that more often...
With the Finance Minister holding a Made in India Tablet in a red case instead of the conventional briefcase or...
In her Union Budget speech, the Finance Minister was intent on positioning India as a global manufacturing hub calling manufacturers...
Direct tax proposals announced in the budget have been largely towards simplification, ease of doing business and digitization of tax...
The Finance Bill 2021 has proposed that good will of a business or profession will not be considered as a...
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India and Japan are among the largest Asian economies.
Construal of contractual obligations has been marked by depth of thinking under various legal facets including the levy of taxes...
The Central Government is set to revamp the existing model of India's import.
Given below are some key news updates from the past week pertaining..
Given the conflicting decisions on certain issues in relation to the Arbitration and Conciliation Act, 1996..
In order to ensure shareholders’ supremacy in matters of appointment of Managing Director (MD)..
MCA has made certain amendments to the process of conversion of a public company into a private company.
WTO circulated the panel report in the case brought by the United Ara
MCA has enforced various other provisions of the Companies (Amendment) Act, 2020 (CAA), with effect from January 22, 2021.
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Spending CSR funds on COVID-19 awareness programme and public outreach for COVID-19 vaccination, notified as an eligible CSR..
The Company Law Committee has proposed various amendments in the limited liability partnership (LLP) framework to allow greater..
As per the press release issued by the Ministry of Commerce and Industry on January 20, 2021..
We hope this email finds you well. We are writing to you with an important..
MCA has introduced the scheme for condonation for delay for companies...
On 13 February 1991, Sardar Sarovar Narmada Nigam Ltd. (Respondent No. 1) entered into a contract with Bhaven Construction (the...
Spending CSR funds on COVID-19 awareness programme and public outreach for COVID-19 vaccination, notified as an eligible CSR..
This July, GST clocked in three years. It has been a muted anniversary.
MCA has extended the relaxations to deal with following matters through VC or OAVM, in accordance with Rule 3 of...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
A reference was made to a three-judge bench of the Supreme Court by a two judge bench of the Supreme...
The MCA has enforced various sections of the Companies (Amendment).
Australia initiates WTO dispute complaint against China concerning anti-dumping and countervailing duties imposed by China on imports of Australian barley.
Economic Laws Practice and Gall solicitors co-hosted a webinar on December 11, 2020, on providing practical considerations for Indian corporates...
For Mutual Funds: Relaxation of requirement for sponsoring the mutual fund, maintaining of minimum..
The Ministry of Corporate Affairs (MCA) has introduced important changes in relation to the provisions of minority squeeze out and...
The Chair of the negotiations on services domestic regulation under the General Agreement
In 2019, SEBI had launched ‘Innovators Growth Platform’ (IGP) erstwhile known as ‘Institutional Trading Platform’ for listing of issuers which...
Economic Laws Practice’s Naresh Thacker and Alok Jain were invited as speakers on the
India has one of the highest pendency of tax litigation matters
106 WTO Members participating in the Investment facilitation negotiations wrap up a productive year.
The Ministry of Road Transport and Highways (MORTH) has, vide notification dated November 10, 2020 revised the model concession agreement
In a move to simplify e-voting facility for shareholders of listed entities and increase participation of non-institutional public shareholders/ retail...
The Central Government has enforced the changes introduced by the Press Note 4/2020, dated September 17, 2020 in the defence...
The present petition was preferred by Kreuz Subsea Pte Ltd. (KSS), the sub-contractor, before the Hon’ble Bombay High Court (Court)...
The taxpayer claimed discount on issue of ESOPs i.e. difference between the grant price and market price of the shares...
WTO circulated the panel report in the case brought by Japan in Korea — Sunset Review of Anti-Dumping Duties on...
The last decade or at least the latter half of it has seen a significant reversal of policies adopted by the governments...
We are writing to you with an important update regarding mandatory requirements applicable to imports of certain products, particularly chemicals into...
On October 1, 2020, the Ministry of Road Transport and Highways (MoRTH) issued guidelines for quality control/assurance in construction of National Highways...
The present petition was filed before the Delhi High Court (Court) under Section 11(5) of the Arbitration and Conciliation Act...
In exercise of it powers under Article 123 of the Constitution of India, on November 4, 2020 the Hon’ble President promulgated...
In arbitration proceedings between Antrix Corporation Limited (Respondent) and Devas Multimedia Private Limited (Petitioner), an Award dated September 14, 2015
The Delhi High Court (High Court) determined whether the trial court erred in disposing of applications under Section 9 of the...
US opposed Russia’s request to join the consultations in the United States - Origin marking requirement (DS597) dispute initiated by...
SEBI has proposed series of changes in relation to the following vide its consultation papers and has sought public comments...
The taxpayer, a company registered and incorporated under the laws of Sweden
India’s regulatory regime in the corporate sector has been witnessing swift changes.
RBI has directed all AD Category-I banks, not to grant approval to any branch office, project office
WTO circulated the compliance panel report in the case brought by Brazil in Indonesia
With a view to improve the ease of doing business and reduce the cost of compliance
Introduction of uniform structure for enforcement of continuous disclosure obligations imposed upon the issuers of listed
PASL Wind Solutions Private Limited (Respondent) issued three purchase orders (POs) to GE Power Conversion
Taxpayer filed its Return of Income (ROI) for Assessment Year (AY) 2012-13 declaring total income of INR 52,72,893.
Recognizing that risk management is a critical function of the board of directors of listed companies, the Securities and Exchange...
In order to promote ease of doing business, updation of records and availability of documents for inspection to stakeholders with...
In order to further streamline the investor grievance redressal mechanism, SEBI has issued following clarifications in relation to resolution of...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
In order to enable unlisted Infrastructure Investment Trust (InvIT) to raise further funds and to facilitate investment in the infrastructure
The move will help mutual funds to further tap the global markets and offer diversification of portfolios to the
In order to ensure that the recognized stock exchanges refer draft schemes to SEBI only upon being fully convinced that...
In continuation of the SEBI board meeting dated September 29, 2020
The Consolidated FDI Policy, 2020 has been released by the Department for Promotion of Industry and Internal Trade, Ministry of...
On August 20 and August 26, 2020, the Competition Commission of India (CCI) closed two suo moto cases relating to...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
Processing of applications for registration of Alternative Investment Fund (AIF) and launching of new schemes, where investment committee of an...
The taxpayer filed its return of income (ROI) declaring NIL income for Assessment Year (AY) 2011-12.
The Companies Act, 2013, requires that every company shall have at least one director who stays in India for a...
In continuation of SEBI board meeting dated September 29, 2020, certain key decisions with respect to the fund managers
Chapter VAA of the Customs Act, 1962 (‘Customs Act’/’the Act’) inserted on March 27, 2020 stipulates a scheme for administering...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
To ease out the compliance burden and ease fund raise, MCA has provided that in case of offer or invitation...
The Government has clarified the entities which get covered under the news digital media sector, wherein 26% foreign direct investment...
In order to standardize the procedure to be followed by the Debenture Trustees in case of default by issuers of...
He commercial measures against China open India to arbitration from foreign investors, implying a heavy financial cost
SEBI has introduced various changes in relation to issuance of debt securities and strengthening of the role of debenture trustees.
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The taxpayer, a resident of Mauritius, filed its return of income (ROI) declaring gross total income of USD 3,88,810 under...
Currently, there are over 100 state and 40 central laws in India regulating various aspects of labor such as resolution...
In order to standardize the timelines for listing of debt securities, non-convertible redeemable preference shares..
Accumulation of Input tax credit due to inverted rate structure has been a matter of concern for multiple sectors, which...
With an intention to widen and deepen the tax net, Finance Act, 2020, expanded the scope of provisions pertaining to...
In case of initiation of forensic audits, listed entities shall make the disclosures to stock exchanges, without any application of...
We will be presenting a trio of one-hour webinars across a three-week period, planned and catered to fit into your...
Relaxation in guidelines issued for preferential issue and institutional placement of units by listed Real Estate Investment Trusts (REITs) and...
After consultation with the various stakeholders, the Defence Minister promulgated the new Defence Acquisition Procedure 2020
Seller is a person whose total sales, gross receipts or turnover from the business carried on by him exceed INR...
The Companies (Amendment) Act, 2020 (CAA2020), has received the Presidential assent on September 28, 2020.
The Central Government has introduced following series of changes in the Companies Act, 2013, on September 28, 2020
This is the first edition of the Practice Guide – India M&A published by Lexology Getting the Deal Through. It...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
We are six months into the lockdown and corporate India is slowly inching its way back to normal. Companies are...
Additional guidelines for investment advisers in furtherance of the recently issued SEBI (Investment Advisers) (Amendment)Regulations, 2020, along with the timelines...
In an “International Commercial Arbitration”, The bombay hc appointed an arbitrator althoughthe act vests suchjurisdictiononly inthe supreme court.
The COVID-19 pandemic has worsened the economic slowdown in India, evident from the slide in the GDP growth rate and...
Currently, there are over 100 state and 40 central laws in India regulating various aspects of labor such as resolution...
As you are aware, under the operational guidelines for Foreign Portfolio Investors (FPIs) dated November 5, 2019 (Operational Guidelines are...
As you are aware, to promote greater ease of doing business, the Companies (Amendment) Bill, 2020 (CAB2020) was introduced in...
The COVID-19 pandemic has caused immense loss to the lives of people as well as given rise to an economic...
As you may already know, the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020
As you may already know, the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The Government of India has revised the sectoral cap in the defence sector, by carrying out changes in the FDI...
The SEBI (International Financial Services Centre) Guidelines, 2015, provide that the stock exchanges operating in International Financial Services Centres (IFSCs)...
The global pandemic has truly transformed the conventional modes of justice dispensation. With strict social distancing measures being imposed in...
The Respondent issued notices inviting tenders for supply of various materials. In response to the same, the Petitioner submitted its...
SEBI has issued a consultation paper dated September 11, 2020, proposing certain changes to the SEBI (Listing Obligations and Disclosure...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
On December 23, 2019 the Delhi Government approved the Delhi Electric Vehicles Policy. On August 7, 2020, the Transport Department...
Due to the rising demand from various associations for extending time to hold annual general meeting (AGM) for financial year...
To initiate the automated process of disclosures under the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), SEBI..
India is currently the second largest arms importer globally after Saudi Arabia1, and spends close to 2% of its GDP...
MCA has relaxed certain deposit norms for start-ups to ease fund raising. This move may help start-ups to pick up...
The Inter-Ministerial Working Group (Working Group) of the Directorate General of Foreign Trade has clarified the time period of validity...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The taxpayer had acquired development rights to develop seven buildings, of which, the taxpayer had developed and sold four buildings...
A full bench of the Supreme Court of India (Court) has, in the case of Union of India v. Agricas...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
With effect from August 28, 2020, MCA requires every company to upload a copy of the annual return on the...
With effect from August 28, 2020, MCA requires every company to upload a copy of the annual return on the...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
SEBI had recently issued circulars providing for: (a) procedural guidelines (listed below) to be adhered to by proxy advisors, and...
India is currently the second largest arms importer globally, and spends close to 2% of its GDP on defence related...
In the wake of COVID-19 pandemic and observing the importance of role that companies play through CSR, MCA has made...
Chapter VAA and Section 28DA of the Customs Act, 1962 (the Act) was inserted vide clause 110 of the Finance...
Given below are some key news updates from the past week pertaining to international trade and customs both from India...
The Securities and Exchange Board of India (SEBI) on August 19, 2020 has released a consultation paper (Consultation Paper) seeking...
During Assessment Year (AY) 2015-16, the Hon’ble Delhi High Court (HC) had approved the scheme of amalgamation of five companies..
MCA has clarified that the companies whose financial year ended on March 31, 2020, will need to apply in form...
The Covid outbreak has affected several industries in India. The economy is reeling and jobs are diminishing. During this time...
Navigating the Global 360° IMPACT OF COVID-19 Panelists: Naresh Thacker, Partner, Economic Laws Practice ( link this to Naresh profile) Sherina...
Given below are India’s recently reported trade statistics and some key news updates from the past week pertaining to international...
Sanjay Notani, Partner, Economic Laws Practice (ELP), shares his views with India Ahead News, on law & policy issues relating...
SEBI has laid down the procedure for handling complaints by the stock exchanges, as well as standard operating procedure for...
In the times of social distancing, tremendous effort is being made to stay socially connected but physically distant. The telecommunication...
On 24th March 2020, the Ministry of Home Affairs and the National Disaster Management Authority decided to take measures for...
In this first part of a FAQ series brought to you by People Matters in collaboration with ELP, we address...
Businesses are facing an increased risk of losses due to uncertainty and large-scale disruptions to workplace operations. One would like...
SEBI has mandated filing of complaints by investors only on SCORES platform (SEBI Complaints Redress System). It has decided that...
Numerous reasons have recently led to a comprehensive review of India’s strategic engagement with its trading partners.For various reasons..
On July 8, 2020, the Union Cabinet approved a new pan India Central Sector Scheme-Agriculture Infrastructure Fund (Scheme)...
With a view to promulgate the Government’s much heralded Make-in-India policy, the Defence Minister has today announced a negative arms...
In a recent decision, the Customs Excise & Service Tax Appellate Tribunal (CESTAT) has clarified that the determination of “level...
Given below are India’s recently reported trade statistics and some key news updates from the past week pertaining to international...
SEBI, has carried out a series of changes which include, amending the requirement of disclosure of record date, and introducing...
The issue relating to the eligibility of refund of input tax credit on input services accumulated on account of inverted...
With effect from September 1, 2020, certain additional procedural guidelines are required to be adhered to by proxy advisors, and...
As you are aware, SEBI recently extended the relaxations of certain norms for rights issues for listed companies. One of...
The taxpayer, a company incorporated in South Korea along with another Indian Company entered into a ‘turnkey contract’ with ONGC...
In a recent Panel Report of the World Trade Organization (WTO) regarding a dispute filed by Russia against the European...
Schedule IV of the Arbitration and Conciliation Act, 1996 (Act) provides a schedule of fees payable to arbitrator(s). Recently, in...
Given below are India’s recently reported trade statistics and some key news updates from the past week pertaining to international...
SEBI has issued following clarification/ relaxation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(LODR Regulations):
The Government of India is the custodian of the country's natural resources. Such natural resources cater to a large spectrum...
Vide an order dated September 25, 2019 (Order), the Delhi High Court (Court) disposed off the petition filed by ONGC...
The Central Government has amended the FEM (Non-debt Instruments) Rules, 2019 (NDI Rules), to give administrative powers to the..
As part of the recently announced “Atmanirbhar Bharat package” by the Central Government, an amendment has been made
There is no single comprehensive legislation governing public procurements in India. The legal framework surrounding public procurements
Given below are India’s recently reported trade statistics and some key news updates from the past week pertaining to international...
SEBI has extended the one-time relaxations from strict enforcement of certain provisions of SEBI (Issue of Capital and Disclosure Requirements)...
After having realized that currently there is no framework to capture the details of encumbrances in the depository system, other...
As you are aware, SEBI had recently amended the SEBI (Prohibition of Insider Trading) Regulations, 2015 (Insider Trading Regulations) on...
SEBI has carried out certain changes in the SEBI (Settlement Proceedings) Regulations, 2018 (Settlement Regulations), to ease out the settlement...
SEBI has carried out following changes in the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015(Insider...
Given below are key news updates from the past week pertaining to international trade and customs both from India and...
Generally, legislations, more specifically tax legislations, provide for various authorities inter alia to oversee the.
DELHI HIGH COURT HOLDS THAT EVEN IF AN ARBITRAL TRIBUNAL HAS BEEN CONSTITUTED IN RESPECT..
The taxpayers were sub-funds of Aberdeen Delaware Business Trust, a business trust incorporated as per the laws..
DELHI HC REITERATES THAT FOR APPOINTMENT OF A SUBSTITUTE ARBITRATOR, SECTION 11(6) OF THE ACT HAS APPLICATION ONLY IF THERE...
CCI finds cartelization amongst bearing manufacturers, but stops short of imposing a penalty
Given below are key news updates from the past week pertaining to international trade and customs both from India and...
The High Court of Delhi (High Court) vide order dated June 12, 2020 in the case of MEP Infrastructure Developers..
Welcome to The Asia-Pacific Arbitration Review 2021, a Global Arbitration Review special report. Global Arbitration Review is the online home..
The Government of India has recently notified proposed Quality Control Orders for certain Iron and Steel products at the World...
One of the objectives of the Goods and Services Tax (GST) regime is to avoid the cascading effect of taxes...
The COVID-19 pandemic has ushered us in an era of increased protectionism. A recent report of the World Trade Organization...
Given below are key news updates from the past week pertaining to international trade and customs both from India and...
Tax and Regulatory Incentives available for doing Business in/and with India
SEBI has carried out changes in the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (Takeover Code)...
Rationalized Collection Mechanism of Stamp Duty w.r.t. Securities Market Instruments - Indian Stamp Act, 1899 amendments and rules, to be...
Given below are key news updates from the past week pertaining to international trade and customs both from India and...
As per the data available on the website of National Judicial Data Grid as on June 23, 2020, total number...
In its meeting held on June 25, 2020, SEBI has considered and decided to introduce certain changes in: (i) SEBI...
Recently, in Patel Engineering Ltd. v. North Eastern Electric Power Corporation Ltd., the Supreme Court of India reflected upon “patent...
Economic Laws Practice in association with Taxsutra, releases its second edition of the tax newsletter ‘Navigating GST 2.0’. In this...
The past few weeks have been quite eventful for the Indian arbitration regime. Even though the Supreme Court (SC) continues...
Globalization has been majorly hit with the ongoing crisis; the businesses involved in international trade are facing liquidity issues. Refund...
In continuance of our previous edition, this month’s Infrastructure Digest focusses on the measures taken by various agencies pursuant to...
Recently, in National Agricultural Cooperative Marketing Federation of India v. Alimenta S.A., an appeal was filed against the enforcement of...
2020 has been a year of surprises. One such surprise sprung by the Government of India was the introduction of...
The objective of Goods and Service Tax reform was to guide the nation towards a simpler tax regime with new...
In this case, the HC had been approached by Halliburton (Petitioner) under Section 9 of the Arbitration and Conciliation Act,...
This article discusses the liability of a company to pay Goods and Services Tax ('GST') on Directors' remuneration. Click Here
For this week’s update, we take a look at the Delhi High Court’s judgment in Anant Raj Limited v. Yes...
In order to curb misuse and loss of revenue, the concept of blockage of ITC was introduced by insertion of...
Amidst the Covid-19 outbreak, this quarter witnessed some interesting developments with the CCI directing investigation against the online market giants...
This month's Energy and Infrastructure Digest has a clear focus on the measures being taken by various government agencies to...
Recently, the Cabinet Committee on Economic Affairs approved the scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)...
For this week’s update, we take a look at the Supreme Court’s judgment in Alembic Pharmaceuticals Limited & Ors. v....
For acquisition of listed companies with stressed assets including exemptions from open offer for such acquisitions, SEBI has issued the...
Given below are key news updates from the past week pertaining to international trade and customs both from India and...
Recently the Indian Government vide Notification No. 12/2015-2020 dated June 12, 2020 (the Notification), issued by the Ministry of Commerce...
The Ministry of Finance (MoF) vide notifications dated February 19, 2020 and May 13, 2020, has already clarified that supply...
In a major change in the takeover space of listed companies, creeping acquisition limits and certain prohibition on voluntary.
As you are aware, the Ministry of Corporate Affairs (MCA) had vide General Circular dated April 8, 2020 (available here)...
Considering the debilitating impact of the spread of COVID-19 on various sectors of the economy, Government ministries and departments have
Vide a letter dated April 17, 2020, the Ministry of Power (MoP) passed instructions regarding operation and maintenance of inter-state...
NHAI provides relief measures for contractors, developers and concessionaires in the road sector..
In the alternative investment funds (AIFs) space, SEBI had recently introduced templates for private placement memorandum (PPM),subject to certain exemptions..
Given below are key news updates from the past week pertaining to international trade and customs both from India and...
There is no single comprehensive legislation governing public procurement in India. The legal framework surrounding..
In another move to ease fund raising by listed companies, SEBI, on June 9, 2020 has temporary relaxed certain norms...
The Ministry of Corporate Affairs has enforced certain changes with respect to start-ups and debentures, which are summarized below:
The Department for Promotion of Industry and Internal Trade (DPIT) has revised its Public Procurement (Preference to Make in India),...
On June 2, 2020, the United States Trade Representative (USTR) announced that they are beginning investigations under Section 301 of...
Given below are key news updates from the past week pertaining to international trade and customs both from India and...
The centrotrade SAGA SC-Reitertes that a narrow..
The Indian infrastructure sector has gone through two cycles of investment. The current inflection point is borne out of the...
We are writing to bring to your notice certain key news updates from the past week pertaining to international trade...
For this week’s update, we take a look at the Delhi High Court’s judgment in Polytech Trade Foundation vs. UOI...
As part of ELP’s knowledge dissemination initiatives, we are pleased to share with you our update on developments in international...
Nishant Shah, Partner, in a Podcast session with MoneyControl, shares his insights on the performance of the GST system and...
Economic Laws Practice (ELP) in association with Taxsutra, releases its fourth edition of the tax newsletter ‘Navigating GST 2.0’. This...
Vinitt Nagla, Associate Partner, Economic Laws Practice) authored an article in Taxsutra, in which he examines the retrospective amendment to...
Recently, in Patel Engineering Ltd. v. North Eastern Electric Power Corporation Ltd., the Supreme Court of India reflected upon “patent...
Please find attached ELP’s Taxation update (for the period of March 10 – March 31, 2020).
For this week’s update, we take a look at the Supreme Court’s judgment in Bank of Baroda v. Kotak Mahindra...
Marriott International, Inc. (Marriott) has fallen victim to a major data breach, compromising personal information of over 5 million guests,...
As a welcome boost to the domestic maintenance, repair and overhaul (MRO) industry, the Goods and Services Tax (GST) council...
In a decision dated March 11, 2020 concerning penalties levied for environmental pollution, the Delhi High Court has set aside...
Budget 2020 proposed amendments to expand the scope of offences listed u/s 132 by widening the ambit of people who...
Jignesh Ghelani, Partner and Sanchita Rungta, Senior Associate, Economic Laws Practice (ELP), co-author an article in Taxsutra, on the notices...
This week, we analyze the decision of the Supreme Court in the case of Mankastu Impex Private Limited v. Airvisual...
In the wake of pandemic deteriorating the world economy, the countries are facing issues for stabilization in absence of income..
Please find attached Back in Action: Recommencement of Construction Activities: Read the detailed article here.
Please find attached Recent Amendments to India’s FDI Policy: Are they WTO compatible: Read the detailed article here.
Please find attached A Pandemic of Notifications: Major Challenges During Lockdown: Read the detailed article here.
Please find attached The ELP Economic Package Analysis: Read the detailed article here.
Please find attached ELP Competition Update Q1 of 2020: Read the detailed article here.
On April 17, 2020, India amended its Foreign Direct Investment Policy (FDI Policy) requiring all investments from countries sharing land...
Given below are key news updates from the past week pertaining to international trade and customs both from India and...
Please find attached Trade Watch Weekly Bulletin. Read the detailed article here.
On April 30 2020, 19 Members1 of the World Trade Organization (WTO) announced a temporary arrangement on the settlement of...
Dear Reader, We are writing to bring to your notice certain key news updates from the past week pertaining to...
The European Commission (EC) is conducting public consultations on EU’s Generalized Scheme of Preferences (GSP) of granting tariff preferences to...
Please find attached The Indian Hospitality Industry: A Comprehensive Guide to Managing COVID-19. Read the detailed article here.
Please find attached ELP’s Taxation update (for the period of March 10 – March 31, 2020). Read the detailed article...
The global lockdown has exposed the deep dependence of the Indian medical-devices industry on imports. The government has rushed to...
The Director General of Foreign Trade (DGFT) has vide Public Notice No. 63/2015-20 dated February 18, 2020 notified the format...
In this month’s Infrastructure and Energy Digest, we cover the Major Port Authorities Bill, 2019 which has been recently approved...
We are pleased to publish ELP’s Taxation update (for the period of February 25 – March 10, 2020). The tax...
Babu Sivaprakasam, Partner, Economic Laws Practice, shares his views with The Economic Times, on the new Reserve Bank of India...
In a recent landmark ruling in the case of JSW Energy Ltd. [TS-133-AAAR-2020-NT], AAAR held that ‘coal’ supplied by the...
For this week’s update, we take a look at the Supreme Court’s recent judgment in M/s Dharmaratnakara Rai Bahadur Arcot...
As far as licensing for SCOMET items involving repair, replacement and/ or demo items are concerned, the DGFT (SCOMET cell)...
For this week’s update, we take a look at the Delhi High Court (Court) case of Shapoorji Pallonji and Co....
The undue claims of preferential tariff treatment have posed a threat to domestic industry, which has also been highlighted by...
We are delighted to share ELP's Tax Update for the period January - February 10, 2020. Please read the update...
In this month’s Infrastructure and Energy Digest, we examine the provisions of the Mineral Law Ordinance and its potential impact,...
The Finance Minister in her Budget speech announced the introduction of a Direct Tax “Vivad se Vishwas Scheme” similar to...
Bhavin Gada. Partner, Economic Laws Practice, shares his views with Bloomberg Quint, on the budget 2020 announcement that grants 100%...
Darshan Upadhyay, Partner, Economic Laws Practice, shares his views with The Times of India, on the amendments to the Companies...
Rohit Jain, Partner, Economic Laws Practice, shares his views with Quartz India, on the budget 2020 announcement that proposed new...
Darshan Upadhyay, Partner, Economic Laws Practice, shares his views with YourStory, on the budget 2020 announcement that proposes tax relief...
The Hon’ble Finance Minister presented the Union Budget 2020 on February 1st. The attached booklet contains an analysis of key...
We welcome you to the latest edition of ELP Knowledge Series, a quarterly analysis of curated topics pertaining to critical...
We are pleased to share with you the latest edition of our Competition Law update, where we cover some of...
Ravisekhar Nair, Partner, Economic Laws Practice, shares his thoughts with The National UAE, on the requirement of self-regulatory measures by...
The Government of India has introduced various consumer-centric initiatives with businesses now increasingly being at the receiving end of consumer-centric...
While various industry sectors have come in the purview of anti-profiteering investigations, the real estate sector seems to be one...
The growth of the online hotel booking sector has drawn the spotlight on several new issues which focus primarily on...
This week, we analyze the decision of Supreme Court in the case of Central Organisation for Railway Electrification V. ECI-SPIC-SMO-MCML...
Based on the market study on e-commerce in India, the CCI has identified “bargaining power imbalance” and “information asymmetry” between...
On January 13, 2020 the Competition Commission of India (CCI) ordered an investigation against Amazon and Flipkart for its exclusive...
Rohit Jain shares his views with Zee business, on the tax audits that would be conducted by the Government, to...
Babu Sivaprakasam, Partner, Economic Laws Practice, shares his thoughts with Livemint, on the recent Insolvency and Bankruptcy Code (IBC) amendments...
In this month’s Infrastructure and Energy Digest, we examine the Union Cabinet’s recent decision approving the setting up of an...
This week, we take a look at a very significant decision of the Supreme (SC) in BGS SGS Soma JV...
This week we analyze a landmark case - Perkins Eastman Architects DPC & Anr. v. HSCC (India) Ltd. In the...
We are pleased to bring you ELP’s Mergers & Acquisitions Quarterly Update, which covers, amongst other topics, key regulatory amendments...
Ministry of Finance (Department of Revenue) has notified the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and...
This week, we analyze the decision of Supreme Court in the case of Union of India v. Pradeep Vinod Construction...
We are pleased to bring you ELP’s Private Equity & Venture Capital Quarterly Update, covering regulatory amendments that impact the...
In the last seven days, the Supreme Court of India has rendered two decisions which are possibly the inflection point...
Economic Laws Practice in association with Taxsutra, releases its second edition of the tax newsletter ‘Navigating GST 2.0’. This edition...
The hospitality industry is susceptible to claims on account of loss of goods of the guests. With this background, Megha...
Aakanksha Joshi, Partner, Economic Laws Practice, shares her thoughts with The Hindu Business Line, on the #investment slowdown in the...
The Supreme Court of India, recently decided on a contentious matter of a hotel guests' car being stolen from the...
We are pleased to bring you the Infrastructure and Energy Digest for the month of December 2019, covering decisions and...
In an effort to discourage forum shopping and avoid conflict between the proceedings of specific sectoral regulators and itself, the...
One of the fears that haunts business entities doing business in/with India is the rampant litigation and the amount of...
Further to the previously notified ‘Policy for indigenization of components and spares used in defence platforms for DPSUs/ OFBs’, the...
Businesses today are facing immense challenges and doubts with regards to taxation in India. These range from macro to practical...
The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (the “PoSH Act”) came into effect, six...
Rohit Jain, partner, Economic Laws Practice, shares his views with Economic Times, about the tax department looking to levy 18%...
Jignesh Ghelani (Partner), Sanchita Rungta (Senior Associate), and Rishi Raju (Associate), Economic Laws Practice, co-author an article in GSTsutra, highlighting...
Rohit Jain, partner, Economic Laws Practice, shares his views with The Economic Times, on the article that discusses the indirect...
A landmark judgement was passed by the Hon’ble Supreme Court on November 15, 2019, in the matter of Committee of...
This week, we take a look at a recent decision of the Bombay High Court (Court) in Imax Corporation v....
The effect of GST implementation is being felt on several other laws including the Customs Act, 1962. This article highlights...
We are pleased to bring to you the latest edition of the quarterly updates (Jul to Oct 2019) in the...
This week, we examine the decision of the Bombay High Court in Chetan R. Shah. v. Emkay Fincap Ltd., which...
A WTO Panel has issued its report in the dispute India – Export Related Measures (DS 541) on 31 October...
This week, we bring to you the decision of the Supreme Court in Oriental Insurance Co. Ltd. v. M/s Tejparas...
This month’s digest covers significant decisions of the Supreme Court as regards grant of solatium and interest on lands acquired...
With the view to promoting economic growth and to boost investment, the Government of India has introduced the Taxation Laws...
"This month’s digest covers significant decisions of the Supreme Court as regards grant of solatium and interest on lands acquired...
This week, we take a look at the Supreme Court’s judgment in M/s Canara Nidhi Limited v. M. Shashikala and...
We are pleased to share with you the latest edition of our Competition Law update, where we cover some of...
This week, we look at the judgment of the Supreme Court in State of Jharkhand v. M/s HSS Integrated SDN...
In lieu of the private sector’s participation to improve India’s defence production base, the Ministry of Defence (MoD) has introduced...
This week, we look at the judgment of the Supreme Court in M/s Mayavti Trading Private Limited v. Pradyaut Deb...
The month of August witnessed significant developments in the infrastructure & energy sectors. The Dam Safety Bill, passed in the...
On September 5, 2019 the Directorate General of Foreign Trade (DGFT) published a notification (please see attached) that has made...
We welcome you to the latest edition of the ELP Knowledge Series, a quarterly round-up of critical legal and regulatory...
Rohit Jain, Partner, Economic Laws Practice, shares his views with The Economic Times, on the Anti-profiteering Authority issuing notices to...
Sujjain Talwar, Aakanksha Joshi and Megha Agarwal co- author an article which examines the recent CCI ruling on OYO’s seemingly...
Read the detailed article here.
Naresh Thacker and Ria Dalwani co- author an article titled 'Enforcing a claim for liquidated damages in India: Key messages'...
Rohit Jain, Partner, Economic Laws Practice, shares his views with The Economic Times, on the retrospective tax issued to companies...
Babu Sivaprakasam shares his thoughts with Business Standard, on the Supreme Courts recent decision to uphold the status of home...
To address the need for regulating consumer interest and the requirement to reconcile the same with the global standards, the...
In an effort to match the central government directives to simplify business regulation in the country, the Competition Commission of...
This week, we analyze a recent judgment of the Supreme Court in Mahanagar Telephone Nigam Ltd. v. Canara Bank &...
ELP's Competition Law & Policy team, in collaboration with Vinson & Elkins, hosted a webinar on July 18, 2019 on...
The month of July witnessed significant developments in the infrastructure & energy sectors . The Union Budget provided a massive...
A recent incident involving an actor who was charged GST on a plate of fruit took social media by storm....
On August 2, 2019, the Department of Consumer Affairs set forth a proposal in relation to the protection of the...
With a view to boost labour reforms, the Code on Wage Bill 2019 was passed in Lok Sabha on July...
Para 2.79F has been inserted in the Handbook of Procedures (HBP) of the Foreign Trade Policy 2015-20 (FTP) for granting...
Aakanksha Joshi(Partner) and Megha Agarwal(Senior Associate), Economic Laws Practice, co-author an article in Hospitality Biz India on indemnities for owners...
Keeping pace with the evolution of private equity investments as a mainstream source of funding, there has been a commensurate...
This week, we take a look at a the judgment of the Supreme Court of India in M/s Sterlite Industries...
As knowledge partner to Venture Intelligence's India PE Quarterly Roundup publication, ELP authored an article on ' Minority protection against...
We are pleased to bring to you the latest edition of our Defence & Aerospace update, where we cover significant...
This week, we analyze a recent judgment of the Delhi High Court in ONGC Petro Additions Limited v. Tecnimont S.P.A....
ELP authors the India Chapter for the Chambers and Partners Litigation Guide 2019. Read the detailed article here.
Babu Sivaprakasam, Partner, Economic Laws Practice, has been quoted in LiveMint, on the Bhushan Power fraud which may have likely...
While the Union Budget 2019-20 proposes a slew of structural reforms to address the issues concerning the economy, the most...
We are pleased to share with you the latest edition of our Competition Law update, where we cover some of...
The Hon’ble Finance Minister Ms Nirmala Sitharaman announced the Union Budget 2019-20. The attached booklet contains an analysis of the key...
Bhavin Gada and Naresh Thacker author the India chapter in Lexology’s Getting The Deal Through - M&A Litigation, 2019 guide.
ELP was invited to author the India Chapter for GAR's publication - The Asia Pacific Arbitration Review 2020. Read the...
India’s proposal to grant a foreign stakeholder a right to hold a controlling stake in an Indian entity engaged in...
Pharmaceutical sector in India, similar to several other jurisdictions, evokes competing interests i.e. the profit-maximizing interests of the industry and...
"This alert brings to you the decision of the Supreme Court in Ssangyong Engineering & Construction Co. Ltd. v. National...
'Economic Laws Practices' corporate team is pleased to present the latest edition of ‘ELP PE & VC Quarterly Update –...
Economic Laws Practice & Taxsutra Webinar presentation on Compliance under Legal Metrology – Issues and Challenges. Our Partners, Nishant Shah,...
Economic Laws Practice & Taxsutra webinar presentation on ‘Investigation under GST Law and Criminal Proceedings including the power to arrest’....
Karishma Maniar, Associate Director , Economic Laws Practice, shares her thoughts with The Economic Times on the marked increase in...
ELP’s White Collar Crimes & Anti-Corruption practice has proven expertise in the sphere of building watertight and robust compliance regimes,...
Naresh Thacker and Ria Dalwani author an article for American Bar Association on the elevation of arbitration as the preferred...
Post several representations being made by the industry and based on the recommendations of the GST Council, the Ministry of...
'Economic Laws Practices' corporate team is pleased to present the inaugural edition of ‘ELP M&A Quarterly Update – Volume 1...
Part I of of this article critically evaluates as to whether the provisions of the GST Act explicitly necessitate reversal...
As part of the Prime Minister's 100-days agenda, the Commerce Minister, Mr. Piyush Goyal, chaired a joint Meeting of Board...
On receipt of information from a member of the chemist trade association alleging contravention of Section 3 of the Competition...
This week, we bring to you the decision of the Delhi High Court in Dwarika Projects Ltd. v. Superintending Engineer,...
In this update we examine the recent judgment (attached) passed by APTEL in the matter of Prism Cement Limited vs Madhya...
For this week’s dose of arbitration law, we bring you a significant development from the Bombay High Court (Bombay HC)....
When you enter a dark room, you dispel the darkness by a flip of a switch. A small reflex action-which...
This week, we analyze the decision of the Supreme Court in Sai Babu v. M/s Clariya Steels Pvt. Ltd, wherein the Supreme...
As an outcome of the WTO Ministerial Meeting of Developing Countries organized in New Delhi on the 13th and 14th...
Securities and Exchange Board of India (“SEBI”) vide notification no. SEBI/LAD-NRO/GN/2019/16 has issued the SEBI (Alternative Investment Funds) (Amendment) Regulations,...
In this week’s update, we analyse the decision of the High Court of Judicature at Bombay in the case of SAP...
This month’s infrastructure digest covers key decisions by the Madras High Court, Appellate Tribunal for Electricity (APTEL) in Maharashtra and...
We welcome you to the latest edition of ELP Knowledge Series, a quarterly analysis of curated topics pertaining to critical...
Various amendments have been introduced in the list of SCOMET items (Appendix 3 to Schedule 2 of ITC(HS)), export of...
Karl Mayer, a German headquartered group focusing on manufacturing of textile machinery, entered into a joint venture with Rabatex Industries...
This week, we bring to you an analysis of the Supreme Court’s decision in Bharat Broadband Network Limited v. United...
This week, we analyze the decision of the Bombay High Court in Tech Mahindra Ltd. v. Tata Communications Transformation Services...
The jurisprudence on arbitration in India is changing with each passing day. In two decades since the Arbitration and Conciliation...
The Securities and Exchange Board of India (“SEBI”) vide circular no.SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018 introduced the use of Unified...
The Securities and Exchange Board of India (“SEBI”) vide notification no. SEBI/LAD-NRO/GN/2019/07 dated March 29, 2019 has issued the SEBI...
Volume 2 of our Competition Law update cover some of the recent significant developments in India’s competition law regime. Notably,...
In this update we analyze the decision of the Supreme Court in Garware Wall Ropes Ltd. v. Coastal Marine Constructions...
On April 10, 2019, the Delhi High Court handed down a significant judgement on the constitutionality of certain provisions of...
The past month has witnessed several initiatives by the Government of India to give a fillip to the energy and...
In this update we analyse the Supreme Court’s recent judgment in Union of India and Ors. v. Parmar Construction Company...
The Bombay High Court in Ajay Vinodchandra Shah v The State of Maharashtra & anr (Criminal Writ Petition No.258 of...
The #MeToo movement has compelled organizations to reconsider their HR practices to ensure the establishment of adequate safeguards for prevention...
In a recent landmark ruling, a WTO Dispute Settlement Body panel, for the first time, upheld the “national security” exception...
The issue of interpretation of exemption notifications has always been a bone of contention which has plagued a plethora of...
In a significant step towards ameliorating the Indian arbitration landscape, the Arbitration and Conciliation (Amendment) Act, 2015 (“Amendment Act”) was...
Tushar Ajinkya, Partner, Economic Laws Practice, shares his thoughts with The Economic Times on WhatsApp’s new privacy setting that will...
Babu Sivaprakasam, Partner, Economic Laws Practice shares his thoughts with The Hindu Business Line on the Supreme Court’s order which...
Babu Sivaprakasam, Partner, Economic Laws Practice shares his thoughts with The Economic Times on the Supreme Court’s judgement quashing the...
The draft ecommerce policy’s section on ‘data’ is interfering with the proposed Personal Data Protection (PDP) Bill 2018, officials at...
The World Trade Organisation (“WTO”) is the world’s largest, (and on many issues, the only) multilateral body for trade related...
On March 4, 2019, the Office of the United States Trade Representative (“USTR”) issued a Press Release conveying the intention of...
It is trite law that in an international commercial arbitration, when parties are unable to agree to the appointment of...
The GST Council had recommended the rate reduction in GST from 12 % to 5% and 8 % to 1%...
Government of India recently released the draft ‘National E-commerce Policy’ on 23rd February 2019, with the stated objectives of regulating e-commerce...
The aim of this initiatives, typically, is to demonstrate 'skin in the game'. Neil Borate experts if this is indeed...
No stone has been left unturned to attack the Rafael purchase by the Opposition Party. This has been equally and...
In this week’s coverage of the latest developments in arbitration law, we take a look at the Bombay High Court’s...
Increasing reliance on conducting of forensic investigation coupled with legal health review, has helped various global private equity investors in...
Be it India’s biggest conglomerate or small family businesses, everyone is grappling with succession planning to ensure that the wealth...
This month has witnessed a lot of positive traction for the energy sector. The Ministry of Commerce announced the Draft...
Given is the analysis of the decision of the Delhi High Court (“Court”) in Cinevistaas Ltd. v. Prasar Bharti. In this...
This week, we take a look at the Supreme Court’s recent judgment in MMTC Ltd. V/s M/s Vedanta Ltd. where the Appellant...
The Hon’ble Supreme Court of India vide its recent decision in the matter of The Regional Provident Fund Commissioner (II) West...
Rohit Jain, Partner at Economic Laws Practice in conversation with BTVI (Business India Television) on GST Council’s approval of lowering...
In the skies above Bangalore, India over the past few days, the country has had its fighter jets and helicopters...
The GST Council on Sunday gave the much-needed boost to affordable housing segment as it slashed GST rate on under-construction...
The Standing Committee on Finance’s 21st Report on the Companies Bill, 2009, recommended the need for an independent body to...
Dear Reader The Department for Promotion of Industry and Internal Trade released the draft ‘National E-commerce Policy’ on Saturday, 23rdFebruary...
Introduction 1. The Supreme Court of India considered the issue whether the written statement can be filed by a Defendant...
The Ministry of Corporate Affairs has introduced a new norm to identify active companies and thus only those companies which...
Given its direct impact on availability of capital, taxation of start-ups on account of issuance of shares at a premium...
1. CIRCULARS No. 89/08/2019-GST dated February 18, 2019 - It has been brought to the notice of the Board that...
This week, we take a look at the Supreme Court’s recent judgment in Jaiprakash Associates Ltd. (JAL) v. Tehri Hydro Development Corporation India...
This iteration of ‘India Update – Part 1 of 2019’ examines the emerging landscape with respect to arbitrations in India...
In, what is one of the most significant drive of GST Council to issue clarifications addressing ambiguities and showering rate...
With a view to encourage industrialization, especially in the lesser developed areas within India’s States, various state governments have introduced...
In keeping with the Hon’ble Finance Minister’s interim budget speech, a Task Force was constituted by the Ministry of Defence...
On 31 December 2018, the Securities and Exchange Board of India (“SEBI”) issued an amendment to the SEBI (Prohibition of Insider Trading)...
Recently, the Reserve Bank of India (“RBI”), through the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, consolidated all the...
This Paper briefly explains the Defence & Aerospace opportunity with an analysis of the market size, defence budget and procurement...
India - US Growing Relationship In 2016, the US recognised India as a “Major Defence Partner”, a designation that allows...
India - Israel Growing Relationship Over the last 5 years, Israel has emerged as India’s largest source of supply for...
The concept of offset, as understood in the defence sector, primarily aims to benefit a buyer over and above the...
Three former independent directors of one of fugitive jeweller Nirav Modi’s firms won a temporary reprieve from the Supreme Court,...
In light of various developments in the realm of corporate governance across the globe and in continuation of its role...
Economic Laws Practice (ELP) has appointed Ashutosh Gupta as a partner of the strategy and planning practice and Karishma Maniar as...
Private equity firm Neev Fund, which is backed by State Bank of India and UK’s Department for International Development, has...
CHENNAI: At the time of Good and Services Tax (GST) implementation last year, the provision of input tax credit and...
Five years on, that CCI verdict has lost most of its sting after being tossed back and forth between various...
It is not the direct impact of tariffs of steel and aluminium that are a major concern to India's economy...
Mumbai: Lenders to Vijay Mallya seem uncertain about the fate of their dues after the beleaguered liquor baron was declared...
MUMBAI: Marriott International, the world’s largest lodging company, is considering buying a significant minority stake in Chandru L Raheja’s hotels...
In a blow to the Ruias and their hope to retain crown jewel Essar Steel, the National Company Law Tribunal...
In a magical move, the Indian government has both outlawed private label sales by e-commerce platforms and said private label...
On August 8, 2018, the Competition Commission of India (CCI) cleared the acquisition of Flipkart by Walmart. The government touted...
Mumbai: Indian law firms are developing newer practice areas—from forensic to artificial intelligence (AI) and from blockchain to defence advisory—to keep...
Mumbai: Every leader brings in a unique management style that is a mix of his personality and work experience. Ajay...
With an aim to simplify the defence procurement process for foreign and domestic OEMs, The Indian Ministry of Defence (“MoD”)...
Oil sanctions imposed by the U.S. on Venezuela earlier this week could prove to be an energy windfall for India...
Usually, a vote on account is a non-event in the cycle of India’s annual media event surrounding the budget. However,...
We are pleased to bring to you a quarterly update on Defence & Aerospace sector. We hope you will find...
Dear Reader, The Hon’ble Interim Finance Minister Mr. Piyush Goyal announced the Interim Union Budget 2019 today. The attached booklet...
January 2019 has seen a lot of positive momentum from central & state governments and regulators in the energy sector....
Recently, the Participating States of the Wassenaar Arrangement (“WA”) have decided to update the List of Advisory Questions for the...
The Ministry of Civil Aviation (“MCA”) had previously constituted a task force to make recommendations to tackle the challenges that...
This week’s update deals with a recent decision of the Delhi High Court (“HC”), Republic of India through Ministry of Defence Vs...
A confusion galore has been created by recent pronouncements of the advance ruling authorities and subsequently by the corresponding appellate authorities,...
Harsh Shah, Partner, Economic Laws Practice, in an interview with Zee Business comments on the various assumptions made about the...
Anay Banhatti, Partner, Economic Laws Practice in an interview with Zee Business explains the GST exemption for small enterprise Goods...
In our constant efforts to provide useful updates from India to our readers in the most readable and interesting presentation,...
Dear All, This week, we discuss the Supreme Court’s recent judgment in The Government of Haryana PWD Haryana (B and...
Dear Reader, At the outset wishing you a very happy, healthy and joyful 2019. Please find attached ELP’s monthly roundup...
Maharana Infrastructure and Professional Services Ltd. v. Matrix Partners India Investment Holdings LLC 1 (Bombay High Court, January 3, 2019)...
On August 8, 2018, the Competition Commission of India (CCI) cleared the acquisition of Flipkart by Walmart. The government touted...
The government's move to tighten norms for online marketplaces with foreign investment will close the "back door" that has been...
The government’s move to ghten norms for online marketplaces with foreign investment will close the “back door” that has been...
The government’s move to tighten norms for online marketplaces with foreign investment will close the “back door” that has been...
Bengaluru: India’s largest online marketplace Flipkart has requested New Delhi that a broad, market-driven framework for the ecommerce industry be...
The revised Foreign Direct Investment (FDI) policy on e-commerce would ensure balanced growth of the online industry with gains for...
New Delhi: The government's move to tighten norms for online marketplaces with foreign investment will close the "back door" that...
As e-commerce companies evaluate the implications of the new policy on FDI in e-commerce, legal experts said there are a few steps that...
As e-commerce companies evaluate the implications of the new policy on FDI in e-commerce, legal experts said there are a...
Join our special webinar on ‘Litigation trend in GST Part-2’, by Mr. Rohit Jain, Mr. Gopal Mundhra and Mr. Jitendra...
Online Sales of Medicines: Madras High Court Petition By the judgment (dated 17.12.2018) in the matter captioned The Tamil Nadu...
Dear Patron, We “Taxand – Your global tax partner” in association with our partners from various jurisdiction will be hosting...
The Department of Industrial Policy and Promotion (DIPP) has issued Press Note 2 on 26 December 2018 which shall come...
SUPREME COURT REITERIATES THAT HIGH COURTS POSSESS THE INHERENT JURISDICTION TO RECALL THEIR OWN ORDERS Municipal Corporation of Greater Mumbai...
SUPREME COURT DENOUNCES EXCESSIVE FORMALISM WHILE ENFORCING ARBITRAL AWARDS Introduction The Supreme Court in a recent decision, P.E.C. Limited v....
Dear Reader, The Division Bench of the Hon’ble High Court of Delhi, comprising of Hon’ble Mr. Justice S. Ravindra Bhat...
The Supreme Court of India, in a significant judgement (Competition Commission of India vs. Bharti Airtel Limited & Ors.), has,...
Dear Reader With payable loans to the tune of USD 78 billion, about 66 GW of conventional energy in India...
Enforcement of RPO targets, despite availability of RECs, is poor. The government has launched RPO Compliance Cell, which will coordinate...
1. Advance Authority Ruling M/s Premier Vigilance & Security Pvt. Ltd. [2018-TIOL-243-AAR-GST] The Applicant is a provider of security services...
BOMBAY HC: DISPUTE RESOLUTION CLAUSE WHICH PROVIDES PARTIES WITH THE CHOICE TO OPT FOR ARBITRATION OR COURT LITIGATION IS NOT...
The expert committee set-up under the chairmanship of Justice B. N. Srikrishna for formulation of data protection regime in India,...
On 22nd November 2018, the World Trade Organization (“WTO”) issued its 20th Monitoring Report (Mid-May 2018 to Mid-October 2018) on...
Dear Patrons, It’s been one year since the introduction of GST in India. In view of magnitude of changes brought...
M/s Larsen and Toubro Limited Scomi Engineering BHD v. Mumbai Metropolitan Region Development Authority (Supreme Court, 3 October 2018) Introduction...
Economic Laws Practice in association with our Taxand partners from various jurisdictions, will be hosting a series of webinars every...
We welcome you to the latest edition of ELPs update on ‘Data Privacy & Protection in India’. In this document,...
The Government of India (GoI) has been steadily creating an enabling ecosystem of policies and regulations to give the much-needed...
1. ADVANCE RULING Sanghvi Movers Limited [2018-TIOL-230-AAR-GST] The Applicant is engaged in the business of providing medium-sized heavy-duty cranes on...
The October issue of ELP’s Infrastructure and Energy digest has some important decisions by the Supreme Court, CERC, the Bombay...
Summary India's status as a program-beneficiary under the United States’ Generalized System of Preference ("GSP") has been drastically curtailed.Several benefits...
Vedanta Ltd. v. Shenzen Shandong Nuclear Power Construction Co. Ltd. 1 (October 11, 2018) INTRODUCTION In an international commercial arbitration...
1. ADVANCE RULING Takko Holding GmbH [TS-581-AAR-2018-NT] The Applicant is an extended arm of German legal entity viz. Takko Holding...
1. NOTIFICATIONS Notification No. 54/2018-Central Tax and Notification No. 53/2018-Central Tax both dated October 9, 2018 (Amendment to CGST Rules)...
The Supreme Court has asked the country’s technical advisory body on drugs to decide on the fate of more than...
The inaugural ‘2+2 dialogue’ between India and the United States later this week aimed at strengthening defence ties is likely...
Deal reporting of Samara Capital Partners Fund II and Samara Alternate Investment Fund for Acquisition of Spoton Logistics Private Limited...
On June 6, the Insolvency and Bankruptcy Code, 2016 (IBC) was amended through the Insolvency and Bankruptcy Code (Amendment) Ordinance,...
Economic Laws Practices announces two significant appointments to its business practices. Ashutosh Gupta (Partner - Strategy and Planning) With nearly...
Ahmedabad based startup ‘FoodMemories’, a marketplace for authentic geographically unique Indian foods, has secured seed investment from a consortium of...
Ahmedabad-based FoodMemories, a marketplace for authentic geographically unique Indian foods has raised seed funding led by e-commerce focused logistics provider...
Protests over rising fuel prices have made a few state governments announce tax cuts, though the Centre has stayed adamant...
With the introduction of Goods and Services Tax (GST) regime in India, the industry and trade has been befuddled as...
Construation major DSC Ltd (DS Construction Ltd), which bagged several road and railway projects including the Delhi-Gurgaon Expressway, obtained a...
While the drop in wind power tariff to Rs2.64 per unit, at an auction conducted by Solar Energy Corp. of...
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers...
In a push for greater ease of doing business in the country, the Central Drugs Standard Control Organisation (CDSCO) has...
The Securities and Exchange Board of India (Sebi) is training its guns at the promoters of companies that have been...
MUMBAI : JSW SteelNSE -0.88 %, the country’s most profitable major steel producer, plans to raise $1.5 billion, or about...
Trade ministers from around the world attended the once-in-two years World Trade Organization (WTO) ministerial in Argentina earlier this month....
In this week’s update, we analyse a recent judgment of the Hon’ble Bombay High Court in the case of Transocean...
We are pleased to bring to you a quarterly update on Defence & Aerospace sector. We hope you will find...
This week, we have analyzed the Supreme Court’s decision in P.Radha Bai and Ors. v. P. Ashok Kumar and Anr....
The third quarter of 2018 (July – September) witnessed significant developments in the Indian competition law and regulatory space. With...
The September issue of ELP’s Infrastructure and Energy digest addresses key issues in with respect to certain changes in cabotage...
SC Rules: When a dispute resolution clause provides that disputes may be resolved either by arbitration or by the court,...
Understanding India’s offset policy India, the world’s largest importer of arms, would like to be self-sufficient in defence production. But...
Filco Trade Centre Pvt. Ltd. Vs Union of India The Hon’ble Gujarat High Court in its judgment and order in...
With GST laws being enforce for over a year and teething technical issues having been resolved to a large extent;...
Notifications Notification No. 40/2018-Central Tax dated September 04, 2018 (Extension of due date) The notification extends the time limit for...
SC conducts Factual Enquiry in an Application under Section 11 of the Arbitration and Conciliation Act, 1996 United India Assurance...
Notifications Notification No. 51/2018-Central Tax dated September 13, 2018 (Date of applicability of TCS) - Notifies October 1, 2018 as...
M.E. Infraprojects Pvt. Ltd. & Anr. v. Municipal Corporation of Greater Mumbai & Ors. (Bombay High Court, September 3, 2018)...
Several prominent schemes of India’s Foreign Trade Policy (“FTP”) are under challenge by the United States at the World Trade...
Over the last quarter, there have been a spate of regulatory and legal developments that have significant implications for domestic...
This week we take a look at the Supreme Court’s (“SC”) judgment in K. Kishan v. M/s Vijay Nirman Company Pvt. Ltd. (Order dated...
The Director General of Civil Aviation (“DGCA”), after long debated Industry deliberations, has finally announced its Policy for remotely piloted...
The Delhi High Court today stayed Central Government’s decision to ban the sale and manufacture of oxytocin, a peptide hormone, by...
The law of arbitration in India has been evolving to complement the needs of India’s globalising economy. India’s intent to...
On 6th June 2018, the Insolvency and Bankruptcy Code, 2016 (“IBC”) was amended vide the Insolvency and Bankruptcy Code (Amendment)...
Anthony Gonsalves booked a stay at a hotel online and provided his credit card details to make the payment. For...
DGFT vide Trade Notice No. 17/2016 dated 22.09.16 has clarified the eligibility of refund of Terminal Excise Duty (TED) paid...
GST is considered to be India’s most ambitious tax reform and the Government of the say has made much progress...
The State Government in Maharashtra has been implementing slum rehabilitation schemes for over decade with a presented view of providing...
The two-day meeting (held on 03rd and 04th of November) of the Goods and Services Tax Council (GSTC) was able to build...
All steps in last six months, taken towards embracing GST, an example of “cooperative federalism” at work, appear to stand...
Section 19 (Chapter 5) of The Model Goods and Service Tax Law provides for registration of every taxpayer within 30...
The Securities and Exchange Board of India (Sebi) is doing a preliminary examination of the arrangement between Tata Sons and...
The infrastructure sector has long established itself as a key growth driver for India’s economy. The sector was allocated over...
The Finance Minister recently indicated that while GST is aimed to be implemented from April 1, 2017, the roll out would have...
One of the most laborious and essential business in our country is agriculture. There are more than just a few...
The dispute between the Tata Group and Japan's NTT DoCoMo over the latter's exit from Tata Teleservices has taken yet...
The Karnataka high court on Friday ordered the winding up of Vijay Mallya’s Kingfisher Airlines Ltd (KFA), in a case...
The January – March 2018 quarter has seen some important events and developments in the Indian competition law space. During...
The October – December 2017 quarter has seen some interesting developments in the Indian Competition Law and regulatory space. ELP’s...
The Companies (Amendment) Act, 2017, (“Amendment Act”) has received the President’s assent on 3 January 2018, after receiving the Rajya...
The levy of Goods and Services Tax (‘GST’) is on supplies of goods or services or both. Intra-state supplies are...
The GST laws set-up the National Anti-profiteering Authority (‘NAA’) basically as a deterrent to ensure that any benefit of reduction...
The Insolvency and Bankruptcy Board of India (“IBBI”) has released a circular dated 29 June 2018 (available here) listing orders...
The April – June 2018 quarter has seen some important events and developments in the Indian competition law space. During...
Notifications Notification No. 15E/2018 - State Tax dated June 29, 2018 Maharashtra government amends the e-way bill rules with effect...
The Securities and Exchange Board of India (SEBI) has, in consultation with the Reserve Bank of India, vide circular number HO/IMD/DF1/CIR/P/2018/103/2018 dated...
The Securities and Exchange Board of India (“SEBI”) has, vide the SEBI (Alternative Investment Funds) (Amendment) Regulations, 2018 (available here)...
Further to the promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 on 6 June 2018 (“2018 Ordinance”), the...
Further to various changes being introduced by the Government to reform the debt recovery and bankruptcy framework, the Reserve Bank...
CBIC Advisory No. 275/15/2018-CX.8A dated July 4, 2018 CBIC has highlighted that instances have come to the notice of the...
The Insolvency and Bankruptcy Board of India (“IBBI”) has clarified on the nature of services that can be provided by...
Notifications Notification No. 29/2018 – Central Tax, F. No.349/58/2017-GST (Pt.) dated July 6, 2018 The anti-profiteering related rules of the...
The National Company Law Tribunal, Kolkata Bench (“NCLT”), in the case of Sreerampur Ispat Private Limited vs Bajoria Steel &...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Professionals) Regulations, 2016 (“IP Regulations”) vide the...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Liquidation Process) Regulations, 2016 (“Liquidation Regulations”) vide the...
Update on the Bombay High Court’s ruling in Ecopack India Paper Cup Pvt. Ltd. v. Sphere International wherein a Division...
We attach herewith a regulatory update on the recommendations of the Committee on Corporate Governance chaired by Mr. Uday Kotak...
The Report of the Insolvency Law Committee, dated March 26, 2018, has been released by the Ministry of Corporate Affairs....
In a case dealing with the liability of independent directors for frauds and siphoning alleged to be committed by a...
The Special 301 Report is prepared annually by the Office of the United States Trade Representative (USTR) under Section 301 of the Trade Act of...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016,...
The Insolvency and Bankruptcy Board of India (“IBBI”) has issued three (3) circulars on the following obligations being imposed on...
SEBI’s press release PR No: 68/2017 dated December 28, 2017 (available here) sets out certain decisions taken in its Board...
The Union Cabinet has liberalised the foreign direct investment (FDI) policy (press release available here). Some of the key amendments...
We had earlier examined the Supreme Court’s decision in Sri Chittaranjan Maity v. Union Of India (“Maity”). The SC held...
The National Company Law Appellate Tribunal (“NCLAT”), in the matter of Ameya Laboratories Limited v/s Kotak Mahindra Bank Ltd. & Ors.,...
In an important clarificatory circular (available here) issued by the Insolvency and Bankruptcy Board of India (“IBBI”), dated 16 January...
In a strictly worded circular (available here) issued by the Insolvency and Bankruptcy Board of India (“IBBI”), issued on 16...
This week we analyse the decision of the Supreme Court in the case of Inox Wind Ltd. v. Thermocables Ltd....
In this week’s update, we take a look at the judgment of the Delhi High Court (“Court”) in Parasramka Holdings...
The Insolvency and Bankruptcy Code (Amendment) Act, 2018, (available here) has received the President’s assent on 18 January 2018, and...
In an interim order passed by the Apex Court on 25 January 2018, in the matter of Shivam Water Treaters...
This week, we analyze the Supreme Court’s recent verdict in Indian Farmers Fertilizer Co-operative Limited v. Bhadra Products. The issue...
In a writ petition filed in the Calcutta High Court in the matter of Akshay Jhunjhunwala & Anr. Vs. Union of...
The Insolvency and Bankruptcy Board of India (“IBBI”) has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process...
This week, we have analyzed the Supreme Court’s recent ruling in Kandla Export Corporation & Anr. v. OCI Corporation &...
RBI has introduced important changes to the framework for resolution of stressed assets. In relation to the same, please find...
This week, we have analyzed the Supreme Court’s recent ruling in M/s ONGC Mangalore Petrochemicals Ltd. v. M/s ANS Constructions...
The 11th Ministerial Conference of the World Trade Organization (‘WTO’) concluded on December 13, 2017 without achieving any substantive results....
This week, we have analyzed the Supreme Court’s decision in Sundaram Finance Limited v. Abdul Samad and provided a snapshot...
The Insolvency and Bankruptcy Board of India (“IBBI”) has reiterated the confidentiality obligations of the insolvency professionals vide its circular...
Pursuant to the discussions in the SEBI board meeting held on December 28, 2017 (“SEBI Board Meeting”), SEBI issued: (i)...
The highlight of the week just ended with the postponement of the meeting of the GST Council (GSTC) from November...
The fifth meeting of the GST Council (“GSTC”) is underway, however, as per the inputs at the end of the first day...
Starting today, a major indirect tax change could make e-services more expensive for individuals in India. The government will charge...
Recent news-reports indicate that even under the GST regime the Government is considering the option for centralised registration for certain...
Position under Service tax law Imposition of Service tax on reverse charge basis was first introduced in the year 2002....
The Goods and Services Tax Council (Council) met on 3rd and 4th January, 2017. Though some progress has been made at the meeting, various...
On the sidelines of Vibrant Gujarat Global Summit, Finance Minister Arun Jaitley has reiterated the intent to roll out GST...
The GTR Asia India Trade and Treasury Conference, 2017 was organized on February 22, 2017, at Taj Lands End, Mumbai....
India’s CFO’s forum session of BW Businessworld’s post Budget 2017 panel discussion was held at Trident, BKC, Mumbai. There is...
Recently, India announced that its Union Cabinet had approved signing of a new Bilateral Investment Treaty [BIT] with Cambodia, another...
With the introduction of Goods and Services Tax (GST), it will be a game-changer for the logistics industry. Currently, all...
Prior to 1st June, 2016, both, transportation of goods by vessels from outside India to India (‘the import leg’) and...