108 results found

A recent press report suggests that the Indian government is likely to clear joint venture proposals involving Chinese companies like Haier, Suzhou Innovance, China Highly Group...

In an important ruling in the Piramal Enterprises Limited's case under the erstwhile VAT statute, the Bombay High Court (BHC) has reiterated that a business transfer as a going concern is to be treated as a slump sale...

The law sets no minimum holding period or time window for round-tripping.

On June 11, 2025, the Department of Economic Affairs, Ministry of Finance, Government of India issued Notification S.O. 2549(E) ("2025 Notification") amending Rule 7 of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (the "NDI Rules").

The Gujarat High Court (the "HC"), in a recent ruling (the "HC Ruling"), dismissed the Indian tax department's (the "ITD") appeal against a Tribunal Ruling allowing the taxpayer...

2023 was a year of significant global challenges, including interest rate hikes and ongoing geopolitical conflicts. While 2024 began with optimism for economic growth and increased deal activity, persistent geopolitical tensions kept uncertainties high.

As per Para 1 of Annexure 3 of India's consolidated foreign direct investment policy, Indian companies are allowed to freely issue rights/ bonus shares to their existing non-resident shareholders, subject to adherence of sectoral caps and compliance of applicable laws like the Companies Act, 2013.

Recently, India's Union Cabinet approved a significant amendment (the "FDI Amendment") to India's Foreign Direct Investment ("FDI") Policy (the "FDI Policy") in the space sector.

The Indian government is currently evaluating a landmark policy shift that could allow Foreign Direct Investment (“FDI”) in inventory led e-commerce models, specifically for export purposes.

In the recent Redington Distribution Pte. Ltd case, the Chennai Bench of the Income-tax Appellate Tribunal (the "Chennai Tribunal) held that a subsidiary company based in Singapore...

In the recent ruling of Dr. R.K. Pachauri v. Union of India and Others, the New Delhi Industrial Tribunal has reiterated the importance of following principles of natural justice and confirmed that the ICC of The Energy Research Institute ...

The Bar Council of India notified the Bar Council of India Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022, in March, 2023, permitting foreign lawyers and law firms to advise foreign clients on foreign law, international law, and international arbitration matters in India on the principle of reciprocity.

From press reports, it appears that the Pune Labour Commissioner's office has sent a notice to Amazon questioning the validity of the VSP.

Over the years, India has made significant changes to its domestic tax law to ensure that it receives its fair share of tax from the digital economy.

In a recent ruling in the Bharti Cellular Limited case (the "Taxpayer"), India's Supreme Court has held that because a "principal-agent" relationship does not exist between the Taxpayer and the distributor...

The Clean Slate Doctrine is a key legal principle embedded in the Insolvency and Bankruptcy Code, 2016 ("IBC"), which plays a pivotal role in the corporate insolvency process in India.

The ongoing dispute between Twitter and Elon Musk has brought contractual nuances prevalent in merger and acquisition (M&A) deals under the spotlight, especially the...

In the Ayodhya Rami Reddy Alla (the "Taxpayer") case, the Telangana High Court (the "THC") held that, while considering a tax avoidance device, the proper way to construe a taxing statute...