Our Partner Mitesh Jain talks to Vikash Tripathi from Business Standard for the article “Explained: You can discard tax returns if your ITR status is 'unverified'”...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Our colleagues Virangana Wadhawan and Vinayak Sankaranarayanan have authored an article in BQ Prime on the Supreme Court's orders on air pollution and more importantly, issues...

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

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

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

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

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

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

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

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

The article authored by Lata Jha in LiveMint and Hindustan Times discusses the implications of this. The government move to assign nodal officers to combat...

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

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

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

ELP's Ravisekhar Nair has been interviewed by Nimitt Dixit of Asian Legal Business on the implications of Competition Commission of India's draft framework for commitment and...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Notice of final results of antidumping duty changed circumstances review.

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

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

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

Notification of final determination of covered merchandise inquiry.

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

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

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

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

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

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

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

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

Notification of final results of antidumping duty administrative review.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Notification of final results of antidumping duty changed circumstances review.

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

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

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

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

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

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

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

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

Notification of preliminary results of changed circumstances review.

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

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

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

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

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

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

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

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

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

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

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

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

Notification of final results of antidumping duty administrative review.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Aakanksha Joshi, Partner, Megha Agarwal, Associate Partner and Vinayak Sankaranarayanan, Advocate, Economic Laws Practice (ELP) have co-authored an article Green Credits and other attributes-...

On June 1, 2023[1], the European Parliament (EU Parliament) adopted its position on the proposed Corporate Sustainability Due Diligence Directive (“CSDDD”).[2] The European...

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

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

Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel

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

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

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

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

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

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

Certain heavy plate of non-alloy or other alloy steel

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

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

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

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

Preliminary results of antidumping duty administrative review 2021–2022.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The mode of dispute resolution is generally prescribed in HMA.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Anti-dumping duty and countervailing duty orders

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Taxand Global Conference 2023, Mumbai

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Notice of Covered Merchandise Referral and Initiation of Covered Merchandise Inquiry

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Certain Cold-Drawn Mechanical Tubing of Carbon and Alloy Steel

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Crystalline Silicon Photovoltaic Cells, Whether or Not Assembled into Modules

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

KEY TRADE REMEDIAL UPDATES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

What are the common types of operation agreements.

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

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

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

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

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

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

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

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

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

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

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

CCI finds suppliers of Axle Bearings guilty of cartelization

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