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  • Article

    Amendments To Directions On Compounding Of Contraventions Under FEMA

    The Reserve Bank of India (‘RBI') has, by way of Circulars dated April 22, 2025 (‘April 22 Circular') and April 24, 2025 (‘April 24 Circular'), amended the Directions on Compounding of Contraventions...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    Framework For Issue Of Depository Receipts

    The Securities and Exchange Board of India ("SEBI") vide its circular dated October 10, 2019, has notified a detailed framework for issuance of depository receipts ("DRs")...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    CCI Approves The Proposed Combination Of GSK And Pfizer's Consumer Healthcare Products Into A New JV Co.

    On May 22, 2019, CCI approved the merger of certain consumer healthcare products of GlaxoSmithKline Plc. (‘GSK') and Pfizer Inc. (‘Pfizer', together with GSK
    IndiaFood, Drugs, Healthcare, Life Sciences
    AZB & Partners
    AZB & Partners
  • Article

    CCI Approved Housing Development Finance Corporation Limited's Acquisition Of Apollo Munich Health Insurance

    On August 20, 2019, CCI approved the acquisition of 51.20% of the total equity shareholding of Apollo Munich Health Insurance Company Limited (‘Apollo Munich') by Housing Development Finance Corporation
    IndiaInsurance
    AZB & Partners
    AZB & Partners
  • Article

    Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025

    The Department of Financial Services, Ministry of Finance has published a draft of the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025 on August 29, 2025, to amend the Indian Insurance Companies (Foreign Investment) Rules, 2015.
    IndiaInsurance
    AZB & Partners
    AZB & Partners
  • Article

    Foreign Intermediaries Having Servers Outside India Could Be Directed To Disclose Identities Of Infringers

    In Neetu Singh and Anr. v. Telegram FZ LLC and Ors., the Delhi High Court (‘Court') held that Indian Courts can exercise jurisdiction over Telegram FZ LLC (‘Defendant 1')...
    IndiaIntellectual Property
    AZB & Partners
    AZB & Partners
  • Article

    Discretion, Not Default – Penalty Under The Black Money Act

    It is a settled position of law that an imposition of penalty is a matter of discretion, in terms of the importance given to the requirement of an opportunity of hearing across statutes.
    IndiaTax
    AZB & Partners
    AZB & Partners
  • Article

    Non-Compete Fee Allowable As 'Business Expense'!!

    In a significant ruling impacting ongoing disputes, the Supreme Court[1] has held that non-compete fees paid to ward off competition are allowable as revenue expenditure under Section 37(1) of the IT Act.
    IndiaTax
    AZB & Partners
    AZB & Partners
  • Article

    "Other Income" Of A Non-Resident – Adjustment Against Loss Incurred By A Permanent Establishment

    Attribution of profit to a permanent establishment (‘PE') and computation of the total taxable income of such an entity having PE in India is yet another...
    IndiaTax
    AZB & Partners
    AZB & Partners
  • Article

    Clarifications And FAQs Regarding Cybersecurity And Cyber Resilience Framework

    SEBI, on April 30, 2025, issued a Circular clarifying aspects of Cyber Security and Cyber Resilience Framework (‘CSCRF') for SEBI regulated entities (‘REs').
    IndiaTechnology
    AZB & Partners
    AZB & Partners
  • Article

    Battery Waste Management Rules, 2022: A New Era For Battery Recycling

    The Union Ministry of Environment, Forest and Climate Change notified the Battery Waste Management Rules, 2022 ("2022 Rules") on August 24, 2022, which replaces the Batteries...
    IndiaEnvironment
    AZB & Partners
    AZB & Partners
  • Article

    CCI Dismisses Allegations Of Abuse Of Dominance Against SBI

    On October 11, 2019, the CCI dismissed allegations of abuse of dominance under Section 4 of CA02 against the State Bank of India
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    Gujarat Stamp (Amendment) Act, 2025 – A Seminal Legislation For Road Concessions

    The Bombay Stamp Act, 1958 (as applicable in Gujarat) has been amended by the Gujarat Stamp (Amendment) Act, 2025, as effective from April 10, 2025 ("Amendment")...
    IndiaGovernment, Public Sector
    AZB & Partners
    AZB & Partners
  • Article

    Utilization Of Unspent Foreign Contribution During Suspension Period

    The Government has been introducing a series of amendments and changes to the Foreign Contribution (Regulation) Act, 2010.
    IndiaGovernment, Public Sector
    AZB & Partners
    AZB & Partners
  • Article

    CCI Approved Acquisition Of 3% Shareholding In Intas Pharmaceuticals Limited By Platinum Jasmine A 2018 Trust (Acting Through Its Trustee, Platinum Owl C 2018 RSC Limited)

    On October 10, 2022, the CCI approved the proposed combination notice filed by Platinum Jasmine A 2018 Trust (acting through its trustee, Platinum Owl C 2018 RSC Limited...
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners
  • Article

    Bank Credit To NBFCs For On-Lending Eligible For Classification As ‘Priority Sector'

    RBI by way of its circular dated August 13, 2019 addressed to all scheduled commercial banks has decided that bank credit to registered NBFC (other than micro finance institutions (‘MFI')) for...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    RBI Aligns NBFC Provisioning Norms With DLG Arrangements

    The Reserve Bank of India has introduced amendments to the income recognition, asset classification and provisioning framework for Non-Banking Financial Companies, specifically addressing how Default Loss Guarantees...
    IndiaFinance and Banking
    AZB & Partners
    AZB & Partners
  • Article

    CCI Dismisses Allegations Of Abuse Of Dominance Against Directorate General Of Foreign Trade & Ors.

    On July 25, 2019, CCI dismissed allegations made by Beach Mineral Producers Association (‘Informant-1') and Mr. V. Velmurugan (‘Informant-2') ...
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners
  • Article

    CCI Orders Detailed Investigation Against Odisha State Civil Supplies Corporation Ltd.

    On November 1, 2019, the CCI ordered the DG to further investigate allegations of abuse of dominance, made by M/s. Maa Metakani Rice Industries ('Informant') against Odisha State Civil Supplies Corporation Ltd.
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners
  • Article

    KHC Provides Interim Protection To Star India Private Limited Against Investigation Order Of CCI

    The Kerala High Court (‘KHC'), on October 6, 2022, ordered interim protection to Star India Private Limited (‘Star') in a petition filed by Star challenging the Order...
    IndiaAntitrust/Competition Law
    AZB & Partners
    AZB & Partners

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