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Choosing the right legal vehicle is one of the most important decisions for any non profit initiative in India. The question of Section 8 Company vs Trust vs Society is not only...

The Lok Sabha has passed the Taxation & Other Laws (Amendment) Bill, 2026 (‘Amendment Bill’). The said Amendment Bill replaces the Income-tax (Amendment) Ordinance, 2026 which was earlier passed on 5 June 2026 and also proposes other amendments to the Income-tax Act, 2025 (‘the Act’), the most notable amendment being in respect of taxation of unitholders and SPVs of business trusts.

Family businesses bolster economies, drive growth, create jobs, and shape communities. Family businesses are responsible for over 70% of global GDP and provide 60% of the world's employment...

While India does not currently impose an inheritance tax or estate duty, the growing global trend toward wealth taxation, along with increasing scrutiny...

The Guidelines state that foreign companies that do not meet the ABOI test are subject to a two-step test to determine POEM.

Relief for foreign investors: Supreme Court of India sets aside the Bombay High Court ruling in IDBI Trusteeship Services case...

Oppression and mismanagement are terms often chanced upon when company affairs are put to review.

Trusts in India are governed under the provisions of the Indian Trusts Act, 1882 (the "1882 Act").

On September 19, 2022, SEBI came out with a framework for Social Stock Exchanges (SSEs), which can be housed within the existing stock exchanges, thereby enabling the SSEs utilize...

At last the company needs to apply for a Permanent Account Number (PAN) and Tax Deduction Account Number (TAN). Once the PAN and TAN are issued the...

Forming a private trust is a strategic and legally secure method of protecting assets, managing wealth, and ensuring succession planning across generations.

The Ministry of Corporate Affairs defines a Significant Beneficial Owner as an individual or entity that possesses a substantial proportion of the organization's voting rights without exercising direct...

The Securities and Exchange Board of India ("SEBI") permits an Alternative Investment Fund ("AIF") under the SEBI (Alternative Investment Funds) Regulations, 2012

The Supreme Court of India (SCI) in the recent case of Commissioner of Income-tax, Rajkot vs. Estate of Late HMM Vikramsinhji of Gondal...

CBDT issues circular seeking to provide clarity on the tax treatment of alternative investment funds that are set up as trusts.

2019 has thus far been an eventful year for private clients. We have had a General Election accompanied by two Budgets, and the introduction of some important legal provisions through money ...

India's succession laws determine who inherits property when someone dies without a Will, but the rules vary dramatically based on religion. Hindus, Muslims, Christians and Parsis each follow different legal frameworks that may distribute assets in ways families never anticipated. Understanding these statutory hierarchies and their recent judicial interpretations is essential for anyone seeking to protect family wealth and prevent prolonged disputes.