ArticleOur SupportThe recent outbreak of COVID-19 is having a devasting impact on our clients' businesses, operations, workforce and morale. IndiaCoronavirus (COVID-19)LexCounsel
ArticleNew RBI Norms On Prepaid Payment InstrumentsOne of the key purposes of introducing the Master Directions has been to provide for harmonisation and interoperability of PPIs in a phased manner.IndiaFinance and BankingLexCounsel
ArticleMHA Withdraws Order Requiring Compulsory Payment Of WagesThe National Disaster Management Authority vide its order dated May 17, 2020 has extended the lockdown till May 31, 2020 but with limited restrictions.IndiaCoronavirus (COVID-19)LexCounsel
ArticleCompensation Agreements Under SEBI ScannerEarlier in its meeting of September 23, 2016, SEBI had expressed its concerns regarding instances of private equity funds entering into compensation agreements with promoters, directors and...IndiaCorporate/Commercial LawLexCounsel
ArticleExtension Of Time For Holding The AGMRoC has the power to extend the time within which any AGM (other than the first AGM) be held by a period not exceeding beyond 3 months. IndiaCorporate/Commercial LawLexCounsel
ArticleLimited Liability Partnership (Amendment) Bill, 2021The Rajya Sabha on August 9, 2021, passed the Limited Liability Partnership (Amendment) Bill, 2021. The Bill seeks to amend the Limited Liability Partnership Act, 2008 which regulates limited liability partnerships.IndiaCorporate/Commercial LawLexCounsel
ArticleSignificance Of Territorial Exclusivity Rights Of Franchisees Exclusive territorial rights grant a franchisee an assurance of an almost ‘monopolistic rank' for a particular brand in the territory on an exclusive basis.IndiaCorporate/Commercial LawLexCounsel
ArticleSupreme Court Re-Affirms The Entitlement Of Teachers To Receive GratuityThe Hon'ble Supreme Court of India, in its judgment pronounced on January 7, 2019 in the case of Birla Institute of Technology vs. State of Jharkhand [Civil Appeal No. 2530 of 2012] ("BIT Case")...IndiaEmployment and HRLexCounsel
ArticleRBI Proposes Higher Net Worth, KYC And Other Changes For Issuers Of Prepaid Payment InstrumentsThe Indian e-commerce boom coupled with the recent demonetization drive by the Indian Government has put the online payment systems to the forefront as a means of easy e-payments. IndiaFinance and BankingLexCounsel
ArticleH1B Visa's Impact On IT FirmsThe recent overhauling of the H1B visa policy under the Trump Administration, has led to rising concerns and uncertainties on issuance of visas in the Indian IT industry.IndiaImmigrationLexCounsel
ArticleLiquidated Damages Cannot Trigger Insolvency ProceedingsProceedings under the Code are not for ascertaining or crystallizing the quantum of damages.IndiaInsolvency/Bankruptcy/Re-StructuringLexCounsel
ArticleSupreme Court Holds Two-Tier Arbitration Valid Under The Arbitration And Conciliation Act, 1996Parties to an agreement have the autonomy to provide for a second instance appeal for settlement of disputes or differences arising between them. IndiaLitigation, Mediation & ArbitrationLexCounsel
ArticleTRAI's Regulations For Compensation To Consumers For Call Drops UpheldCall drops can be simply explained as the service provider's ineptitude in maintaining a call between users and providing continued service once a call has been correctly established. IndiaMedia, Telecoms, IT, EntertainmentLexCounsel
ArticleApplicability Of GST On Brand NameThe petitioner is a registered company engaged in supply of Non-Basmati unbranded rice in the State of Tripura. A search was conducted at the godown (warehouse) of the petitioner...IndiaTaxLexCounsel
ArticleSigh of Relief on Tax FrontIn an attempt to provide some respite to the investors and ensure a taxpayer-friendly approach in revenue collection, the Finance Minister of India has recently assured that the Income-Tax Authorities ("ITA") will not recklessly implement the retrospective tax rules.IndiaTaxLexCounsel
ArticleSpecific Relief (Amendment) Act, 2018Such experts can also be called to lead evidence and produce documents on the issue. IndiaCorporate/Commercial LawLexCounsel
ArticleMoratorium On Disposal Of Property Of Personal Guarantor Of The Corporate DebtorThe aforesaid decision follows from the appeal filed by the SBI the financial creditor, against the order of the NCLT Chennai restraining them from proceeding against the property of a personal guarantor of the...IndiaInsolvency/Bankruptcy/Re-StructuringLexCounsel
ArticleCan A Sound Mark Be Registered As A Trademark - European Union Court's RulingThe General Court of the European Union ("Court"), on July 7, 2021, issued a first ruling ( refer to the press release here) in relation to the registration of a sound sign submitted in an audio format...European UnionIntellectual PropertyLexCounsel
ArticleWho Can File A Consumer Complaint?The National Consumer Disputes Redressal Commission is frequently allowing much needed relief to the homebuyers in India in cases of delays in delivery and defaults by the builders/developers. IndiaConsumer ProtectionLexCounsel