As licensing arrangements offer major commercial benefits to business organizations and inventors, it is essential that careful attention needs to be given to the details which goes in to the licensing agreement.

The terms and conditions pertaining to the Foreign Direct Investment ("FDI") in India are governed by the consolidated Foreign Direct Investment Policy ("FDI Policy")...

In an employment related notification under the Income Tax Act, 1961 ("IT Act"), the CBDT vide notification dated 24 May 2023 (deemed to have come into force from 1 April 2023), has notified the increase...

Indian companies cannot seek to forum shop an arbitration seat to take advantage of more favourable laws of another jurisdiction, thereby indirectly circumventing Indian arbitration rules.

The Central Government recently notified the Foreign Exchange Management (Overseas Investment) Rules, 2022 ("Rules"). In furtherance to these Rules, the Reserve Bank of India...

Travelling to India has always attracted much interest and excitement. Often however, for foreigner visitors, discussions abound on what inoculations need to be arranged prior to travel, what seasonal adventures await a visitor on arrival in India, and how to get the best bargains when out there!

The Department of Policy and Promotion, Ministry of Commerce and Industry, Government of India ("GOI") has recently issued Press Note no. 3 (2016 Series) liberalising the terms governing foreign direct investment...

After sixty five years of Indian independence, India is still often referred to as a developing country and its long term growth seems to stagnate at 8%.

The Government of Gujarat has released the Information Technology ("IT")/ Information Technology-Enabled Services ("ITeS") Policy 2022-27 ("Gujarat IT Policy")...

The Finance Bill, 2023 (‘Bill') was passed by the Parliament and received presidential assent on 31st March 2023, and is now the Finance Act, 2023 (‘Finance Act').

As per section 56(2)(viib) of the Income Tax Act, 1961 ('IT Act'), any premium received by a company (other than a public listed company), exceeding the fair market value ('FMV') of shares issued...

After much delay, new legislation aiming at a complete revamp of the existing regulatory framework relating to companies is finally underway.

"A recent judgment rendered by the High Court of Bombay in February 2010 [Western Maharashtra Development Corpn. Ltd. Vs. Bajaj Auto Limited, (2010) 154 Comp Cas 593 (Bom)] firmly establishes the fact that a public company in India cannot provide for restrictions on the transferability of its shares."

The Department of Industrial Policy and Promotion ("DIPP") issued Press Note No. 12 (2015 Series) on 24 November 2015 ("Press Note"), introducing substantial changes to the Foreign Direct Investment Policy ("FDI Policy").

The first ever "Mechanism for the Mutual Recognition of Qualifications" ("Mechanism") signed between the governments of India and Australia on 2 March 2023, aims to increase mobility...

The Government of India is constantly trying to encourage investments in India. In order to compliment these efforts the Department of Industrial Policy and Promotion has recently taken several initiatives to facilitate doing business in India.

The Indian real estate sector has attracted investments from numerous quarters, including offshore jurisdictions. Offshore funds have led the pack of investors by utilising tax efficient structures spanning across jurisdictions.

The last quarter saw a very active Government taking all possible steps to boost investor confidence in the Indian market.

The Hon’ble Bombay High Court on 11 July 2012 in the appeal filed against Western Outdoor Interactive Pvt. Ltd., held that the Employees’ State Insurance Act, 1948 (ESI Act) applies to software development companies

The main challenges outlined by the Finance Minister, Mr. Pranab Mukherjee, while presenting his Budget speech for the short term and long term perspective of the Indian economy are: