India Notifies its End-of-Life Vehicles Rules
– Ashutosh Senger & Nirmal John INTRODUCTION The Ministry of Environment, Forest and Climate Change (“MoEFCC”) has notified the Environment Protection (End-of-Life Vehicles) Rules, 2025 (“ELV Rules”) which establishes a comprehensive framework for the environmentally sound management of end-of-life vehicles (“ELVs”). These ELV Rules come into force from 1st April 2025.
Abolition of Angel Tax in India: A Boost for the Startup Ecosystem
On July 23, 2024, the Finance Minister Nirmala Sitharaman through the introduction of the Finance Bill, 2024,[1] held that Section 56(2)(viib) of the Income Tax Act, 1961 (“Act”),