Securities and Exchange Board of India ("SEBI"), vide its circular dated November 11, 2024, has amended the procedure for reclassification of Foreign Portfolio Investor ("FPI") investment to Foreign Direct Investment.

In the June edition of our monthly newsletter "Legalaxy", our team analyses some of the key developments in securities market, banking and finance, renewable energy and pharmaceuticals.

Compensation Agreement or Upside Sharing Agreement or Reward Agreement is entered into by private equity firms quite often in the form of a side agreement with top personnel...

In the January edition of our monthly newsletter "Legalaxy", our team analyses some of the key developments in securities market, banking and finance, environment, consumer affairs and corporate affairs.

The High Court of Madhya Pradesh held that the applicant was duly cooperating with the investigation and no prayer was made to arrest him during the investigation.

In view of the unprecedented current situation arising out of the pandemic Novel COVID-19, the Ministry of Commerce and Industry issued a Press Release on March 31, 2020 announcing changes in the current FTP of the Government of India.

The Prevention of Money Laundering Act, 2002 (PMLA) was enacted to prevent the menace of money laundering and to provide for confiscation of property derived from, or involved in, money laundering.

On March 1, 2024, the High Court of Bombay ("Bombay High Court") pronounced a judgment in the matter of Mr. Shiv Charan and Others v. Adjudicating Authority .

The Delhi High Court has, in the judgment rendered on 26.09.2024 in a batch of matters led by Religare Enterprises Ltd.1 decided challenge to the assessment/ reassessment undertaken under the Income Tax Act, 1961...

The taxability of services of transportation of goods has undergone a series of rapid changes in the short period since the introduction of the Goods and Services Tax in India.

Public procurement in India constitutes about 30% of GDP, with total annual expenditure of around Rs 15-20 lakh crore, and that for the Union government alone in the range of Rs 2.5-3 lakh crore.

The Petitioner is engaged in the business of providing pre-printed Sodexo Meal Vouchers and enters into a contract with its customers for issuing the said vouchers.

The assessee had maintained separate books of account on SAP based ERP system.

The Serious Fraud Investigation Office (SFIO) is a specialized investigative agency under the Ministry of Corporate Affairs, established to tackle serious corporate frauds.

In the case before the High Court of Delhi, titled Himachal Emta Power Limited Vs. Union of India and Ors., the primary issue before the court was "What is Proceeds of Crime?".

What will be the fate of an application filed for compounding of offence after one year during the course of prosecution under the Income Tax Act?

In a recent order dated 20.04.2021, the Competition Commission of India ("CCI") has dismissed allegations of bid rigging against Genus Breeding India Private Limited ("Genus Breeding")...

Undoubtedly, the media leak of this magnitude, where the whole investigation report gets leaked to "unauthorised" persons ( and was reportedly reviewed exclusively as claimed...

WhatsApp's new private data policy announced globally on 4 January 2021 has faced strong opposition in India with the Central Government sending detailed questionnaire.

The concept of "Res Judicata" has evolved from English common law and since then it has been defined and interpreted through various judicial pronouncements.