ArticleForeıgn Investment In The Educatıon Sector: Regulatory RoadblocksThe education sector in India is one of the most dynamic sectors with immense potential for growth and investment. IndiaConsumer ProtectionLexCounsel
ArticleIs Imparting Of ‘Education' By Private Educational Institutions A ‘Public Function' And Its ImplicationsIndia has seen an exponential growth in the education sector and it holds an important place in the global education market. IndiaConsumer ProtectionLexCounsel
ArticleRelaxation Schemes for Companies and Limited Liability PartnershipsIn furtherance of its previous corporate governance reliefs, the Ministry of Corporate Affairs ("MCA") has introduced the Companies Fresh Start Scheme, 2020...IndiaCorporate/Commercial LawLexCounsel
ArticleIndian Offset Policy – Outsourcing Of Services By An Indian Offset Partner To A Foreign VendorThe Indian defence procurement policy under Defence Procurement Procedure 2016 ("DPP 2016") requires a minimum of 30% (thirty per cent) of the estimated cost of the acquisition in ‘Buy (Global)...IndiaGovernment, Public SectorLexCounsel
ArticleOffset Policy In Defence Procurement: Recent DevelopmentsThe Offset Policy seems to be evolving in response to feedback and the needs of the industry as well as experience gained by the Government during its implementation phase. IndiaGovernment, Public SectorLexCounsel
ArticleInsolvency And Bankruptcy Code – Meaning Of "Dispute In Existence"With the above observations, the Bench admitted the insolvency application.IndiaInsolvency/Bankruptcy/Re-StructuringLexCounsel
ArticleInsolvency Code - Resolution Of NPAs Vis-À-Vis Defaulting PromotersMassive expansion and investments, primarily funded through bank loans (despite a weak promoters' equity base), has given rise to companies which have overleveraged their balance sheets.IndiaInsolvency/Bankruptcy/Re-StructuringLexCounsel
ArticlePhotocopying Of Books In The Course Of Imparting Education - Single Bench Judgement OverruledRecently, widespread debate and concern was caused in the publishing community when a single judge bench of the Delhi High Court, in the matter of the Chancellor, Masters & Scholars...IndiaIntellectual PropertyLexCounsel
ArticleBombay High Court - Rights Of Successors To Prevail Over Those Of Nominees Of SharesThe issue of rights of nominees versus those of the successors over shares of a company, upon death of a shareholder, have been a matter of much debate over the last one decade. IndiaLitigation, Mediation & ArbitrationLexCounsel
ArticleTreat For Tennis Fans – Sharapova Ban ReducedThe Court of Arbitration for Sports has finally given its arbitral award in the dispute between Ms. Maria Sharapova and the International Tennis Federation wherein Sharapova had challenged the 2 year ban.IndiaMedia, Telecoms, IT, EntertainmentLexCounsel
ArticleCan Every Breach Or Non-Performance Be Justified Or Excused On Invocation Of COVID-19 As A Force Majeure: Delhi High Court VerdictCOVID-19 has caused tremendous economic loss, delays in project completion, missing of targets and milestones and potential breaches and disputes among contracting parties.IndiaCoronavirus (COVID-19)LexCounsel
ArticleNo Service Tax On Employee's Notice Pay RecoveryThe service tax for the relevant period was chargeable on all services under Section 66B of the Finance Act, other than those included in the negative list. IndiaEmployment and HRLexCounsel
ArticleNational Education Policy 2020 – Reforms In Indian School Education SystemRote learning, the bane of Indian education, is finally being shown the door and is proposed to be replaced by competency-based learning and development of students which tests higher-order skills such as analysis, critical thinking and conceptual clarity. IndiaConsumer ProtectionLexCounsel
ArticleArbitrator Cannot Lift The Corporate Veil – Delhi High CourtThe law with respect to lifting of the corporate veil is well established in India. The courts have time and again held that corporate veil can be pierced only in rare cases ...IndiaCorporate/Commercial LawLexCounsel
ArticleMCA Extends Time For E-form Filings And Allows Physical Filing Of Certain Forms For Interim PeriodFurther, Form PAS-3 which was required to be filed between January 20, 2023, and February 28, 2023, will also be given this extension along with the waiver of additional fees, till March 31, 2023. IndiaCorporate/Commercial LawLexCounsel
ArticleNCLAT: Adjudicating Authority Cannot Reject Applications Complete Under Section 10 Of The Insolvency Code By Corporate Debtors Eligible Under Section 11 Of The CodeM/s. Unigreen Global Private Limited ("Unigreen") v. Punjab National Bank ("PNB") and others followed in Leo Duct Engineers & Consultants Limited v. Canara Bank and AnotherIndiaCorporate/Commercial LawLexCounsel
ArticleMulti – Level Marketing Models: Applicable Regulatory RegimeMulti-level marketing or direct selling models, where goods are marketed/sold directly to the end user (and not through a fixed retail location), by a network of distributors at different levels...IndiaFinance and BankingLexCounsel
ArticleIndian Satellite Communication Policy: The Recent ReformsAfter years of missed opportunities, the Government of India has opened the doors to the vast untapped opportunities of private sector participation in the Indian space program. IndiaGovernment, Public SectorLexCounsel
ArticleWithholding Tax On Technical Fees And Royalty Doubled By The Finance Act, 2023The Finance Act, 2023 has increased the withholding tax payable on income by way of royalty and fees for technical services earned by non-residents...IndiaTaxLexCounsel
ArticleEnd Of The Road For Private Cryptocurrencies In India – The Proposed BanWith more and more investors being attracted to invest in virtual currencies with their astonishing highs and painful lowsIndiaTechnologyLexCounsel