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Steady as she goes
With general elections looming, India’s finance minister has chosen a largely safe approach with regards to unveiling taxation policies in the country’s 2024 interim budget, write Preeti Goyal, Bharathi Krishnaprasad and B Venkat Ramanan...
Pair advise on USD5.3bn Bolloré Logistics sale to CMA CGM
Willkie Farr & Gallagher and Khaitan & Co have advised on the Bolloré Group’s EUR4.85 billion (USD5.3 billion) sale of its logistics subsidiary to shipping company CMA CGM.
Khaitan advised on the Indian law aspects...
SAM aids ACME’s divestment of USD253m in solar assets
Shardul Amarchand Mangaldas & Co (SAM) has advised on the divestment of energy assets from ACME Solar Holdings and ACME Solar Energy to renewable company BluPine for an undisclosed sum.
SAM advised both companies under...
Three retired chief justices to work with Presolv360
Presolv360 – an online dispute resolution institution collaborating with various courts, government and private entities – has established an advisory council to facilitate smooth processing.
The council includes chief justices UU Lalit, BN Srikrishna and...
FDI taking up arms in the defence sector
India’s defence sector has long been a government-controlled industry with limited private sector participation. However, the need for modernisation, self-reliance and defence exports has led to significant reforms to attract FDI. FDI of 74%...
Barriers to investing in the nuclear sector
Following the grant of the Nuclear Suppliers Group waiver in 2008, India divided its nuclear operations into military and civilian facilities. While nuclear power has civilian uses such as energy supply, civilian participation in...
Flow interrupted!
The central bank’s move to curb evergreening loans looks set to backfire as the future of alternative investment funds may hang in the balance, writes Freny Patel
Many non-bank finance companies (NBFCs) are running pillar-to-post...
The flourishing India and Japan business partnerships
In a world of shifting trade allegiances, the business alliance between India and Japan testifies to longevity, stability and shared ambitions. The ever-deepening ties between the two Asian powerhouses are built on common aims...
Health provider obligations in securing patient information
This, the second in a two-part series on health data protection law, examines the impact of the Digital Personal Data Protection Act, 2023 (DPDPA), on healthcare organisations.
The DPDPA was enacted in 2023 but is...
In-house Counsel Awards 2023-24
In-house counsel and corporate legal teams honoured by their peers for outstanding legal work. Katherine Abraham reports
Individual AwardsTeam Awards
The third edition of the In-House Counsel Awards continues our endeavour to recognise the driving forces...
Gathering dust
With more than 50 million cases pending at courts across the country, India holds the dubious distinction of one of the largest backlogs of cases in the world, with decades-old commercial disputes burdening litigants,...
TM rights in ‘Shakti Bhog’ controversy amid insolvency proceedings
Amid the ongoing criminal proceedings alleging fraud and money laundering against officers of the Shakti Bhog companies and of creditor bank employees, insolvency proceedings are underway and have been for some time. A dispute...
Obstacles and opportunities in real estate AI
Generative artificial intelligence (AI) means sophisticated algorithms enabling computers to create content using existing data, such as text, audio files and images. In the dynamic real estate sector, integrating AI offers significant opportunities alongside...
Franchising in India: An opportunity for Korean business
Franchising as a business strategy provides attractive opportunities for foreign companies looking to expand their businesses in India’s thriving markets. The Indian franchise market is expected to reach USD140 to 150 billion during the...
IP strategies in the auto sector
The automobile industry is one of the fastest growing economic sectors, and from a legal standpoint several increasingly popular trends can be seen, write Pravin Anand and Safir Anand.
One of the primary strategies the...
New MCA policy standardises review of existing regulations
The Ministry of Corporate Affairs (MCA) has introduced a new policy that requires regulators to conduct pre-legislative consultations and a full review of existing rules and regulations.
The policy aims to increase transparency, engagement with...
CCI flags draft penalty rules to competition law
The Competition Commission of India (CCI) has proposed a set of draft penalty regulations in response to recent amendments to the country’s competition law.
Under these proposed regulations, indirect taxes, trade discounts and intra-group sales...
RBI drafts framework for self-regulatory organisations
Amid transformation of the financial services industry due to technological advancements, fintech firms have emerged as both disruptors and facilitators. Playing a crucial role in redefining the financial services landscape, fintech is also raising...
RBI guidelines boost transparency in India’s debt market
In a bid to bring more transparency and stability to the short-term debt market, the Reserve Bank of India (RBI) has issued new guidelines governing commercial papers (CPs) and non-convertible debentures (NCDs) with maturities...
Disputed jurisdiction for property, commercial contracts
In the recent case of Sanjay Suganchand Kasliwal v Golden Dreams Buildcon Pvt Ltd and Ors, the appellant appealed to the Bombay High Court against the refusal of the civil court to hear the...
Indian firm SNG launches Japan desk to foster bilateral ties
SNG & Partners, established in 1962 and headquartered in India, has officially launched a dedicated Japan desk, underscoring its commitment to fostering ties between the two countries.
Aside from fostering Indo-Japan bilateral relations, the move...
Repeal consumer protection disguised as tax provision
The Goods and Services Act, 2017 (act), came into force accompanied by concerns whether businesses would pass on its tax benefits to consumers. Keeping its promises, the government introduced anti-profiteering measures against unfair profiteering....
Ensuring liquidation preference to protect investor rights
Investment agreements generally include provisions for liquidation preference. Investors have the right to receive a specific amount before other shareholders on the occurrence of pre-defined liquidation events such as acquisitions, the merger and sale...
Burning ambition
The young talent poised to make a name for themselves
As the year draws to a close, India Business Law Journal conducted a survey inviting clients, peers and business leaders to nominate the young and...
The value vector
Law firms are going the extra mile to prove their intrinsic worth to corporate counsel, but are their billing innovations paying off? Vandana Chatlani reports
Almost 4,000 companies listed on India’s stock exchanges spent USD7.54...
Data dilemma
The very definition of a keeper of data has ramifications for how the relationship between users and processors in India will evolve, and in turn how laws must adapt to protect and regulate, writes...
2023 – The legal year in review
From artificial intelligence and de-risking from China to energy transitions and global taxation, law firms and in-house counsel had plenty to keep them busy in 2023. George W Russell looks back at an eventful...
Does private credit need stricter regulation?
Private credit has become an attractive source of funding for issuers, compared to traditional sources. This is because the Reserve Bank of India (RBI) has stricter regulations and has tightened lending standards for banks...
The unexpected GST burden on Japanese corporate guarantees
The Goods and Services Tax (GST) was a game-changer in the financial and corporate sectors. Recent changes to the GST have significant implications for Japanese companies in India, particularly how corporate guarantees are taxed.
Corporate...
Monetisation of renewable energy in focus
Since India announced its 2070 net zero goals, decarbonisation has taken centre stage. Initiatives such as the Production-Linked Incentive tranche-I and tranche-II for high-efficiency solar module manufacturing will play a vital role in reducing...
Weighing the future
India's future legal leaders show what it takes to stand out to clients and industry peers. Katherine Abraham reports
Access The List
At a time when robust leadership potential has become imperative for success in the...
Action needed on lack of SIDI neutrality
In December 2022, the Standing Committee on Finance (committee) issued a report on Anti-Competitive Practices by Big Tech Companies (report). The report highlighted issues affecting competition in digital markets and made proposals to regulate...
Deadline looms on old share warrants
The Union Ministry of Corporate Affairs has announced new rules under the Companies Act, 2013, impacting the issuance of share warrants and dematerialisation of securities for both public and private companies.
Public companies that issued...
Only green energy will sustain data centres
Data centres are dedicated secure spaces where computing and networking equipment collects, stores, processes, distributes and provides access to large amounts of data. Most companies have data centres, either onsite or use the servers...
Cross-border tax sole benefit still a good object
Foreign Direct Investment (FDI) in India has greatly increased in the past decade, particularly after the pandemic. This has led to more cross-border transactions in which foreign investors transfer their company holdings as a...
Protecting patient data: Indian data protection framework
The Indian healthcare sector is expected to grow into a USD50 billion industry by 2025 due to digital innovation, such as in remote healthcare, medtech, and artificial intelligence. However, cyberattacks on AIIMS Delhi, a premier...
Top court provides clarity on captive power generation
The Supreme Court judgment in M/s Dakshin Gujarat Vij Company Limited v M/s Gayatri Shakti Paper and Board Limited and Anor (Dakshin Gujarat) settles long-standing issues related to captive generation plants and the use...
Singapore blooms as hub for dispute resolution
The city-state remains a prominent arbitration destination for many countries, including India, and growth is on the cards, says Ban Jiun Ean, CEO at Maxwell Chambers
Maxwell Chambers CEO Ban Jiun Ean gives insights in...
Which way the gusts blow for offshore wind projects
The Ministry of New and Renewable Energy (MNRE) finally published India’s first draft tender document for seabed leasing for offshore wind energy projects in November 2022. The release of the document has subsequently been...
RBI as consumer loans watchdog or obstruction
Following many months of telegraphing its continued discomfort with the rapid growth in personal loans and unsecured credit, the Reserve Bank of India (RBI) has issued its most obvious sign of tougher action to...
Making room for confessions
The inclusion of the settlement and commitment regulations in the amended competition law is set to boost the credibility of India’s antitrust commission and promote fair play in the market. But stakeholders see room...
MSME sector not so small for Korean businesses
India’s economy is growing rapidly, with GDP expected to grow by 6% year-on-year. The Micro, Small and Medium Enterprises (MSME) sector contributes significantly to GDP and is crucial to its overall increase.
The MSMEs are...
Make in India needs immigration into the country
The progress made by India’s economy and the acceptance of the Make in India programme by global producers has influenced another previously unaffected segment. Immigration into India is increasing. The grant of residence through...
Workplace harassment not to be shrugged off
As most companies in India return to the work-from-office model, increased on-site interactions make it imperative for employers to put in place robust mechanisms that effectively address workplace harassment. An employee’s misconduct often results...
The A-List 2023-24
Access the A-List 2023-24
Our survey of in-house counsel and business leaders reveals the most sought after lawyers in India. Katherine Abraham reports
In 2023, India’s legal landscape witnessed a notable acceleration. Given the government’s swift...
Ministry imposes stricter compliance for LLPs
The Ministry of Corporate Affairs has implemented significant changes through the Limited Liability Partnership (Third Amendment) Rules, 2023. Effective from the notification date of 27 October 2023, these amendments bring crucial alterations primarily centred...
SEBI suggests changes to listing rules for debt securities
The Securities and Exchange Board of India (SEBI) has introduced amendments to its regulations for the issue and listing of debt securities.
Key changes in the Securities and Exchange Board of India (Issue and Listing...
RBI stiffens IT rules for finance sector players
The Reserve Bank of India (RBI) is introducing specific guidelines for information technology practices in banks and non-banking financial companies (NBFCs).
The Reserve Bank of India (Information Technology Governance, Risk, Controls, and Assurance Practices) Directions,...
Anagram Partners advises on Vedanta demerger in restructuring
Anagram Partners has acted for Vedanta, India’s leading diversified natural resources powerhouse with a valuation of USD10 billion, on its recent restructuring initiative.
The company executed a strategic demerger, which unfolded through a straightforward vertical...
Powering up
Green hydrogen a potent futureb source of clean energy
In mid-August this year, the Ministry of Power and New and Renewable Energy came out with a national green hydrogen standard that defined the emission threshold...
Protection revolution
In an era defined by digital transformation, data has rightly been called the new oil of the global economy. Richa Relhan, in-house counsel at Max Life Insurance Company, explores the safety fencing that India...
Insurance is an enticing prospect for investors
Despite the headwinds that reduced private equity (PE) and venture capital (VC) activity in India in the past year, the insurance sector has continued to attract interest from financial investors. One part of the...
Foreign direct investment in Jammu and Kashmir
In the early 1990s India began to attract foreign direct investment (FDI) through economic liberalisation. A large and growing domestic market, favourable demographics, consistent growth, liberalised policies and improved ease of doing business combined...
Strength in numbers
The alliances among associations dedicated to the growth and development of corporate counsel in Asia seem to have become a numbers game. So, is everyone on the same side? Freny Patel reports
Just three...
The green scheme
India's journey towards a sustainable and green energy future has taken a significant leap forward with its ambitious plans to become a global hub for the production of green hydrogen. Chandu Gopalakrishnan reports
What is...
Saraf adds partners to boost new Hyderabad branch
Saraf and Partners has established a new office in Hyderabad to solidify the firm’s presence in the region.
Heading the Hyderabad office are partners Durga Bose Gandham and Altaf Fathima who have joined from DSK...
Tax reform leads to a developed economy
As India pursues its ambition of becoming a USD30 trillion economy by 2047, it needs to understand the different tax policies of developing and developed countries. New tax models must be adopted to achieve...
Beyond the hype: Shortcomings of new data law
The Digital Personal Data Protection Act, 2023 (DPDPA), is expected to be implemented in the coming months. Businesses have begun to bring their data protection governance programmes into line with the legislation. However, a...
RBI fines ICICI, Kotak Mahindra banks over breaches
The Reserve Bank of India (RBI) has imposed INR120 million (USD1 million) and INR40 million in penalties on ICICI Bank and Kotak Mahindra Bank, respectively, for violating regulatory norms. The penalties were levied as...
Delisting Roadblock?
Delisting shares under the proposed fixed-price mechanism could be a game changer, but retaining the 90% delisting threshold may derail its effectiveness, writes Freny Patel.
In line with global norms, India’s proposal to allow promoters...
Glimpses of the Road Ahead
Our annual 'State of the Legal Market' survey finds that AI, specialist firms, discerning clients and the paired trends of fragmentation and consolidation are preoccupying the legal community. Katherine Abraham reports
Big changes are afoot...
Tapping innate strengths
Law firm management professionals boost support functions and can play an important advisory role in succession planning, writes legal recruitment expert Vivek Das
The success of the recent G20 Summit held in India and the...
CLA joins hands with JSA to bolster services in India’s south
Chennai-based law firm Commercial Law Advisors (CLA) has merged with JSA, effective from 1 October 2023.
This merger is set to improve JSA's service offerings in the broader south India region, in conjunction with its...
Insolvency and Bankruptcy Code prevails over Electricity Act
The Supreme Court (SC) recently held that the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), override those of the Electricity Act, 2003 (act), so far as they relate to the recovery of...
LKS advises ETS in acquisition of remote test provider Wheebox
Lakshmikumaran and Sridharan (LKS) has acted for Educational Testing Services (ETS) on acquiring PeopleStrong’s assessment and remote proctoring business, Wheebox, for an undisclosed amount.
LKS provided transaction support, including structuring, legal due diligence, negotiation, finalising...
CAM, Khaitan, Foley guide parties in USD75m True North deal
Khaitan & Co, Foley & Lardner and Cyril Amarchand Mangaldas (CAM) advised on Indian private equity firm True North’s USD75 million acquisition of a minority interest in both iLink Multitech Solutions and iLink Systems.
True...
Data about to become even more personal
The Digital Personal Data Protection Act, 2023 (DPDPA), the new data law in India, will require businesses to evolve, and in all likelihood, restructure their data protection frameworks and user experience. While the law...
CCI publishes draft regulations on settlements, commitments
Our previous article on the Competition (Amendment) Act, 2023, drew attention to several amendments that had not been implemented since the Competition Commission of India (CCI) had yet to finalise the accompanying regulations. These...
Growing pains in startup crib
Turmoil within high-profile unicorns, a downturn in funding and an investor emphasis on profitability have resulted in a picture for startups that is not so rosy. Indrajit Basu reports
Startups were called “the backbone of...
Regulation chips in to spark Japan investment
Japan is India’s fifth largest investor, with trade growing to USD20.5 billion in 2021-2022. This relationship promises exponential growth as India has unveiled its policy on localising semiconductor manufacturing and the global value chain....
Korean brands will make up the cosmetics market
The cosmetics market in India represents a golden opportunity for Korean beauty companies. A growing middle class, rising incomes, and an increasing interest among Indians in skincare and make-up items make this sector a...
Final frontier, first opportunities
India’s successful moon mission has shone a light on the expanding involvement of private companies in space. The afterburners are being applied to previously held-up projects. Chandu Gopal reports
As the Chandrayaan-3 rover mission landed...
Gems the jewel in the FDI crown
The government permits 100% foreign direct investment (FDI) in the gems and jewellery sector under the automatic route. The sector is the second largest foreign exchange earner in India. It plays a significant role...
SEBI bars Zee promoters from management
The Securities Appellate Tribunal (SAT) is “not satisfied” with the Securities and Exchange Board of India’s (SEBI) recent confirmatory order against Zee’s former managing director and CEO, Punit Goenka, that barred him from holding...
The influence marketing has on investment decisions
Influencer marketing, before known as word-of-mouth marketing, is now a primary marketing strategy for many businesses. It targets audiences using individuals who have established a relationship of trust with those audiences and who initiate...
Infringing copyright and websites simply not cricket
In the recent case of Sporta Technologies Pvt Ltd and Anr v Unfading OPC Private Limited, Delhi High Court decided that the defendant company had blatantly infringed the trademarks and copied the website of...
Hope for financially stressed subsidiaries of overseas companies
Overseas companies entering the Indian market through the wholly owned subsidiary route do so with hope and expectation. While the majority of ventures have worked out well, there have been instances where the subsidiary...
No green finance framework no sustainable development
India’s growing economy faces challenges from climate change and environmental degradation. Its target, under the Paris Agreement goal, of 450GW of renewable energy (RE) capacity by 2030 needs investment of USD30-40 billion annually. Transitioning...
The subtle art of self-regulation
Differing priorities complicate the process
Recent months have seen supportive messages from Reserve Bank of India (RBI) Governor Shaktikanta Das and his deputy governors favouring self-regulation as a way forward for the fintech sector.
The industry...
Lokesh Shah to bolster IndusLaw’s tax practice in Delhi
Lawyer and chartered accountant Lokesh Shah has joined IndusLaw strengthening the tax practice in the firm’s Delhi and the National Capital Region office.
Shah has more than 20 years of experience in tax matters related...
What amended electricity rules mean for captive generating plants
The Ministry of Power (MoP) recently introduced the Electricity (Amendment) Rules, 2023, amending the Electricity Rules, 2005 (rules), in particular rule 3 dealing with captive generating plants (CGP). While apparently innocuous, a careful reading...
Default loss guarantees in digital lending revisited
In August 2022, the Reserve Bank of India (RBI) issued a press release announcing the partial implementation of the recommendations of its working group on digital lending. Among the proposals made by the working...
Indian law takes off for international standards
Whether Leonardo da Vinci in medieval Italy or John Secondari in 1965 US said, “Once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have...
Full speed ahead
Foreign firms grab the reins to fuel India Inc’s rising ambitions. Vandana Chatlani reports
The past year has been one of renewed optimism. India overtook the UK to become the world’s fifth-largest economy, with the...
SEBI proposes better governance of equities
The Securities and Exchange Board of India (SEBI) has proposed measures to bolster governance in the equities market.
In a consultation paper, the regulator recommended that asset management companies (AMCs) establish surveillance and internal control...
Proposed amendments to electricity rules
The federal government has unveiled draft amendments to the Electricity Rules, 2005, to bridge the gap between power costs and approved tariffs set by states, and address regulatory assets in the power sector.
According to...
NFRA urges auditors to exercise vigilance
The National Financial Reporting Authority (NFRA) has urged statutory auditors to exercise professional scepticism while assessing company fraud, and to remain independent of any influence from company legal opinions.
The accounting watchdog emphasised that auditors...
Nasscom releases guidelines to define AI frameworks
The National Association of Software and Service Companies (Nasscom) has unveiled a comprehensive set of guidelines on frameworks for generative AI technology in India.
According to the Nasscom policy document, the guidelines are an early...
Reward for invention
Inventor remuneration laws are needed to increase the number of patents filed in the country, writes Balwant Rawat, the head of IP at Mercedes-Benz Research and Development India
Intellectual property rights (IPR) play an important...
New framework for default loss guarantees to boost digital lending
The Reserve Bank of India (RBI) on 8 June 2023, published a new regulatory framework, permitting the issue of default loss guarantees in digital lending (DLG guidelines). This is a significant departure from the...
A finance and technology GIFT to investors
The Gujarat International Finance Tec-City (GIFT City) was conceived as an International Financial Services Centre (IFSC), offering international connectivity and a business-friendly environment. It is the only greenfield smart city in India set up...
Hanging in the balance
The plethora of rule violations that have jail time as punishment is an ever-present threat for business managers. The passage of the Jan Vishwas Bill will be a step towards decriminalising them, but lawyers...
Self-policing fintech
India’s banking regulator wants the fintech sector to form self-regulatory organisations, but diverse interests in the industry aren’t the only challenges in making this happen. Freny Patel reports
India is home to one of the...
TT&A, Resolut assist in USD2bn Genus-GIC smart meter project
TT&A and Resolut Partners assisted Genus Power & Infrastructures and Gem View Investment, respectively, in establishing a USD2 billion joint venture platform, making it the largest transaction in the energy smart meter market in...
Green goals
India’s distant 2070 net-zero goal holds little immediate accountability. So, how is the country faring in terms of carbon reduction by 2030? Katherine Abraham reports
India announced its goal to become a net-zero emitter by...
No secrets possible in public domain
The world of literature draws liberally on secrets; who keeps them and, most importantly, who disloyally reveals them. The corporate world, too, depends on those entrusted with secret information, whose betrayals can damage entire...
Akshay Malhotra bolsters TT&A energy team and partnership
Akshay Malhotra has joined TT&A as partner in the firm’s projects, infrastructure and energy team, increasing the partnership to 26.
Malhotra specialises in providing counsel to clients regarding project development and implementation across a wide...
The International A-list 2023
The foreign lawyers most recommended by clients and peers for their work on the cross-border aspects of India-related matters. Katherine Abraham reports
View the International A-list
In 2022, India experienced a surge in deal activity, setting...
Revving the growth engine
India and UAE reap benefits of trade pact
On 1 May, on the first anniversary of the implementation of the India-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA), the Indian commerce ministry enthusiastically called...
A greater good
Law firms across Asia are putting profits aside to focus on pro bono work, community engagement, sustainability and staff welfare. Vandana Chatlani reports
Law firms have long recognised the importance of promoting access to justice...
SAM assists registration of Go Digit Life Insurance
Shardul Amarchand Mangaldas & Co (SAM) provided legal advisory services in the funding and registration of Go Digit Life Insurance.
SAM advised Oben Ventures (OVL) on establishing Go Digit Life and further structuring its investment...
Ankur Singh, Riddhima Murjani now partners at Samvad
Principal associates Ankur Singh and Riddhima P. Murjani have been promoted as partners at Samvad Partners.
Ankur, a graduate from the National University of Juridical Sciences, Kolkata, joined the firm in 2017 gaining significant experience...
Renewable energy blows in foreign direct investment
While renewable energy may be relatively new elsewhere, India has long used this source. It is free and abundant, being replenished as required by natural means.
The government, through the National Green Hydrogen Mission, aims...
Fractional ownership – A piece of the action
Fractional ownership is a new buzz phrase in India's real estate market gaining popularity with retail investors looking for lucrative projects. Amit Aggarwal, a senior partner at SNG & Partners, and Devyani Dhawan, an...
SEBI strengthening governance and protecting minority shareholders
The Securities and Exchange Board of India (SEBI) notified the SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 (LODR amendment) on 14 June 2023. Among other matters, it sets out provisions to...
The challenges of impact investment facing PE investors
Globally, private equity investors have been a driving force for economic growth, and have recently been adding responsible investments to their portfolios. This is driven by factors such as climate change, regulatory developments, and...
Khaitan, SAM and Trilegal assist in USD1.4bn Brookfield deal
Three law firms assisted parties involved in Brookfield Asset Management’s sale of two large commercial assets in Mumbai and Gurugram valued at USD1.4 billion.
Khaitan & Co acted for Brookfield Asset Management, Shardul Amarchand Mangaldas...
Eyes on the Middle East
UAE trade pact is spearheading regional interest in India, writes Vandana Chatlani
February 2023 was the first anniversary of the signing of the Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates...
Guidelines for new businesses in the UAE
The United Arab Emirates (UAE) has been a favoured business destination for Indians for decades. Recent changes have made an even more compelling case for Indian companies to be in the UAE for their...
CBIC lowers threshold for e-invoices
The Central Board of Indirect Taxes and Customs (CBIC) has announced a significant reduction in the aggregate turnover threshold for e-invoices in a bid to broaden the tax base and promote digital tax compliance.
The...
Draft of DIA ready for consultation
The Ministry of State (MoS) for Electronics and IT, Rajeev Chandrasekhar, has said the first draft of the Digital India Act (DIA) will be released in early June. IT executives were at the second...
Discipline not profit drives RBI reform proposals
The Reserve Bank of India’s (RBI) statement of February 2023 on developmental and regulatory policies noted that RBI supervisory reviews found divergent practices among regulated entities (RE), excessive charging of penal interest, and resulting...
Home and profits are where the heart is
Some startups in India have set up foreign holding companies (HoldCo), attracting investment from venture capital and private equity funds. Often, HoldCos have been formed through restructuring, also known as externalisation or flipping, taking...
Law stands above commercial wisdom
The Supreme Court’s 3 May judgment, in MK Rajagopalan v Dr Periasamy Palani Gounder & Anr, shows insolvency resolution plans must be approved by a committee of creditors before being put to an adjudicating authority.
The...
India has an electrifying future in transport
India, the world’s most populous country, is witnessing a dramatic shift in the electric vehicle (EV) industry and automakers from many countries are investing in opportunities that the government has made possible through incentives...
Seen to be green
At a time of heightened environmental consciousness, using green catchphrases and identifiers can be tempting for companies to mislead consumers, writes Sunanda Bharti.
The need for action on the climate has many companies signalling a...
Dentons, Link Legal officially seal partnership in India
Dentons, one of the world’s largest law firms, officially entered the Indian market in May this year in a tie-up with Link Legal after clients questioned why it did not have a footprint in...
India ‘oasis of hope’ for growth: IBA conference panellists in Mumbai
India is on the cusp of driving global growth and considered the last oasis of hope amid a worldwide slowdown, say panellists at the biannual International Bar Association (IBA) M&A conference in the financial...
Suadat Kirmani bolsters IndusLaw disputes practice in Bengaluru
Suadat Ahmad Kirmani left Tatva Legal in Hyderabad to join IndusLaw’s disputes practice as partner in the Bengaluru office.
Kirmani, who is a seasoned disputes lawyer with nearly 11 years of experience, has provided expert...
Never bet against regulation in online gaming
The online gaming industry, particularly real money gaming, has grown significantly. At the same time, the industry has experienced uncertainty and disruption, leading to an increased need for regulation and guidelines. The Ministry of...