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Update on India’s Labour and Employment Regulatory Landscape

Labour laws and their impact on large organisations engaging with contract labour in India Read more

Posted On : 01/14/21

The Arbitration and Conciliation (Amendment) Ordinance, 2020

The Arbitration and Conciliation Act, 1996 (Act) provides for the framework of conducting international and domestic arbitration, as well as conciliation proceedings in India. Read more

Posted On : 01/08/21

Revised FCRA regime in India

The Government of India has recently, through a gazette notification dated 28 September 2020 and another notification numbered G.S.R. 695(E) dated 10 November 2020 Read more

Posted On : 12/08/20

Labor laws in India – the new regime

India is looking at major labor law reforms with the replacement of about 29 existing laws with 4 novel labor codes. These codes have been introduced to consolidate the existing laws and to ensure gre Read more

Posted On : 11/12/20

RERA – Clarifications by the Punjab and Haryana High Court on ambiguities

While the Real Estate (Regulation and Development) Act, 2016 (RERA) has come as a big relief for all the aggrieved home buyers across India protesting long delays in the delivery of their homes and ot Read more

Posted On : 11/12/20

Consumer Protection (E- commerce) Rules, 2020

The Ministry of Consumer Affairs, Food and Public Distribution (Ministry) vide its notification no. GSR 462(E) dated 15 July 2020 Read more

Posted On : 11/11/20

UPDATE ON THE REPORT ON THE NON-PERSONAL DATA GOVERNANCE FRAMEWORK

The Ministry of Electronics & Information Technology (MEITY) had issued an Office Memorandum No. 24(4) / 2019-CLES dated 13 September 2019 to form an eightmember committee (Committee) to deliberate Read more

Posted On : 11/11/20

Restriction on Number of Layers Rules: exemption for first layer or any layer of Wholly Owned Subsidiary?

The Companies Act, 2013 read with the Companies (Restriction on Number of Layers) Rules, 2017 restricts the number of layers of subsidiaries a company is permitted to have under it. Read more

Posted On : 11/11/20

IBC (Amendment) Ordinance: Changes and impact

The Central Government notified the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 on 5 June 2020 (Ordinance). Read more

Posted On : 06/30/20

COVID-19:Relaxations to the Real Estate Sector under the Real Estate(Regulation and Development) Act

The novel coronavirus (‘COVID-19’) and the ensuing nation-wide lockdown, has disrupted businesses and impacted economic activities in several sectors, especially the real estate sector. Construction Read more

Posted On : 06/09/20

Guidance note: MCA issues clarifications on corporate procedures in the wake of COVID-19

The novel coronavirus (COVID-19) pandemic and the nation-wide lockdown has made it increasingly challenging for entities to ensure compliance with corporate procedures. In view of this, the Ministry o Read more

Posted On : 05/07/20

COVID-19 and Foreign Direct Investment in India: new restrictions

Several governments across the world have brought into force restrictions on foreign investments. These restrictions are aimed at protecting the companies from hostile takeovers/acquisitions at a time Read more

Posted On : 04/24/20

Execution of contracts in a time of uncertainty - what are the options?

The current pandemic situation created by COVID-19 across the world has caused significant disruptions to the way the world does business. Read more

Posted On : 04/09/20

Squeezing out the minority: new approach

Squeeze out refers to the right of a majority shareholder, holding shares above a certain threshold, to acquire shares held by the minority.. Read more

Posted On : 04/07/20

Covid-19 and failure to perform contracts: ‘Force majeure’ event or impossibility of performance?

The recent outbreak of Covid-19 has resulted in a global pandemic. In order to contain the spread of the disease, governments in nation states across the globe have restricted the movement of people, Read more

Posted On : 04/03/20

COVID-19 and employment issues: what are employer’s prospects?

The unprecedented disruption across all areas and sectors due to COVID 19 has resulted in several employment law issues relating to health and wellbeing of employees, travel, sickness and absence from Read more

Posted On : 03/26/20

NCLAT holds a resolution applicant immune from liability for past offences of a corporate debtor

On 17 February 2020, the National Company Law Appellate Tribunal (NCLAT) passed a judgment on seven appeals filed in relation to the corporate Read more

Posted On : 02/28/20

Insolvency and bankruptcy of personal guarantors to corporate debtors

central government, through a notification dated 15 November 2019 (the Notification).. Read more

Posted On : 01/29/20

The Indian Stamp Rules 2019

This alert is in continuation to our legal alert dated 28 February 2019, wherein we analyzed the provisions of the Indian Stamp Act, 1899 Read more

Posted On : 01/13/20

Foreign Exchange Management (Non-debt Instruments) Rules, 2019: key changes

On 17 October 2019, the Central Government notified the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (NDI Rules) Read more

Posted On : 11/28/19

The Code on Wages, 2019

The Ministry of Labour and Employment is on its way to bring about major labor law reforms. Read more

Posted On : 11/11/19

Companies (Amendment) Act, 2019: key takeaways

The Companies (Amendment) Bill received the President’s assent on 31 July 2019 and was published.. Read more

Posted On : 09/10/19

Bombay High Court, Nagpur Bench rules on the Continuity of Erstwhile Incentives under the GST Regime

With the introduction of the GST, it was perceived by certain industries that the incentives offered by the government to incentivize industries and promote development in backward areas may have been Read more

Posted On : 08/29/19

Supreme Court upholds IBC amendment on homebuyers as financial creditors

On 9 August 2019, the Supreme Court of India ( ‘SC’) has pronounced its judgment in a matter which will have significant implication s on the rights of home buyers (‘Judgment’). Read more

Posted On : 08/20/19

The Consumer Protection Bill, 2019

The Consumer Protection Bill, 2019 (Bill) seeks to replace the Consumer Protection Act, 1986 (Act)... Read more

Posted On : 08/16/19

Significant beneficial ownership in a company

The Ministry of Corporate Affairs has issued the Companies (Significant Beneficial Ownership) Amendment Rules, 2019 (Amendment Rules) to amend the provisions of the Companies (Significant Beneficial O Read more

Posted On : 06/17/19

Decoding CCI’s stance on exclusivity agreements – case involving multiplex malls and beverage

The Competition Commission of India (CCI) recently dismissed a case filed by a social activist alleging harm to consumer welfare in the form of higher prices of beverages sold in multiplex malls viz.- Read more

Posted On : 03/28/19

Indian Stamp Act, 1899 - amendments proposed by Finance Bill, 2019

The Finance Bill, 2019 (Finance Bill) has proposed certain amendments to the Indian Stamp Act, 1899 (Stamp Act) .. Read more

Posted On : 03/01/19

FDI in e-commerce – Press Note 2

The Department of Industrial Policy and Promotion (DIPP) issued Press Note 2 dated 26 December 2018 (Press Note).. Read more

Posted On : 02/18/19

SEBI issues operating guidelines for Alternative Investment Funds in International Financial Service

The Securities Exchange Board of India (SEBI) through a circular dated 26 November 2018 has issued operating guidelines (AIF Guidelines) for Alternative Investment Funds (AIF) in International Financi Read more

Posted On : 12/24/18

Merger of Limited Liability Partnership into a company

The Chennai Bench of the National Company Law Tribunal (‘Chennai Bench) has recently dealt with the question of merger of a Limited Liability Partnership (LLP) with.. Read more

Posted On : 10/08/18

The Specific Relief (Amendment) Act, 2018

The Specific Relief (Amendment) Act, 2018 (Amendment Act) seeks to amend the Specific Relief Act, 1963 (Act). Read more

Posted On : 09/05/18

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018

The Indian Ministry of Law and Justice published the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (Ordinance) in the Official Gazette of India on 6 June 2018. Read more

Posted On : 08/01/18

FEMA (Cross Border Merger) Regulations, 2018

The Reserve Bank of India (RBI) has notified Foreign Exchange Management (Cross Border Merger) Regulations, 2018 (Regulations)... Read more

Posted On : 07/31/18

Indo-Mauritius DTAC Taxing capital gains from share transfer

On 10 May 2016, India signed a Protocol with Mauritius to amend the Indo-Mauritius Double Tax Avoidance Convention (DTAC). Among the various amendments agreed under the Protocol, the most significant Read more

Posted On : 06/11/18

Rajeev Saumitra vs Neetu Singh - An understanding of directors’ and shareholders’ duties and deriva

The Delhi High Court in its recent judgement, (Rajeev Saumitra vs. Neetu Singh & Ors)... Read more

Posted On : 06/10/18

Legality and validity of entry tax - Part 2

Key arguments and observations of the bench before 9 judge bench in the matters of legality and validity of entry tax (2-4 August 2016) Read more

Posted On : 06/10/18

The Chief Controlling Revenue Authority and ANR Vs Reliance Industries Limited Mumbai and ANR

This update analyzes the recent decision of the High Court of Judicature at Bombay (Bombay High Court) in The Chief Controlling Revenue Authority and Anr. vs. M/s Reliance Industries Limited Mumbai an Read more

Posted On : 06/09/18

Insolvency and Bankruptcy Code, 2016

The Insolvency and Bankruptcy Code, 2016 (Code) aims to consolidate laws relating to liquidation and insolvency of corporate persons, partnership firms and individuals in India. The provisions of the Read more

Posted On : 06/09/18

FDI in regulated financial services

On 09 September 2016, the Reserve Bank of India (RBI) allowed 100% foreign direct investment (FDI) under the automatic route in financial Read more

Posted On : 06/09/18

Implementation Status of the RERA

Implementation status of the Real Estate (Regulation and Development) Act, 2016 (RERA) Read more

Posted On : 06/09/18

Cross Border Mergers under the Companies Act 2013

The Ministry of Corporate Affairs, Government of India (MCA), has notified Section 234 of the Companies Act, 2013 (2013 Act) vide Read more

Posted On : 06/09/18

Ease of Compliance to Maintain Registers under various Labour Laws Rules

Ease of Compliance to Maintain Registers under various Labour Laws Rules, 2017 (Labour Rules, 2017). Read more

Posted On : 06/08/18

Excel Crop Care v CCI

Excel Crop Care Limited vs. Competition Commission of India and Another Read more

Posted On : 06/08/18

Understanding the stamp duty implications of mergers

The judgment rules on two major issues. First, whether in the case of a merger or an amalgamation, the instrument that will be chargeable with stamp duty is (i) the court order approving such merger o Read more

Posted On : 06/08/18

Lanco Anapara power limited vs State of Uttar Pradesh

Lanco Anapara Power Limited v. State of Uttar Pradesh & Ors. Read more

Posted On : 06/08/18

Commercial Courts PDS Legal Alert Template

Commercial Courts, Commercial Division and Commercial Appellate Division of the High Court Act, 2016 Read more

Posted On : 06/08/18

Client Update Steria_Sept 2016

An understanding of the Protocol forming part of the treaty and the most favored nation clause Read more

Posted On : 06/08/18

Vigil mechanism under the Companies Act, 2013

Vigil mechanism - an important and new concept under the new Companies Act, 2013 (Companies Act) - appears to have gone unnoticed by corporates. However, vigil mechanism, akin to the popular concept o Read more

Posted On : 06/08/18

Legal Alert on Layering Restrictions October Issue

The Companies (Restriction on number of layers) Rules, 2017 Read more

Posted On : 06/06/18

Innoventive Industries Limited v. ICICI Bank

The Supreme Court of India (Supreme Court), delivered its first detailed judgment on the Insolvency and Bankruptcy Code, 2016 (Code) on 31 August 2017 (Judgment). Read more

Posted On : 06/06/18

New Regulations on Foreign Investment in India

The Reserve Bank of India (RBI) has notified a new regulation for governing foreign investment in India vide a notification dated 07 November 2017, i.e., Foreign Exchange Management Read more

Posted On : 06/05/18

The Companies (Amendment) Act, 2017

The Ministry of Law and Justice published the Companies (Amendment) Act, 2017 (Amendment Act).. Read more

Posted On : 06/05/18

New act for shops and establishments in Maharashtra

The government of Maharashtra notified the Maharashtra Shops and Establishments Read more

Posted On : 06/05/18

Prohibition on Benami Transactions

Changes in law dealing with benami transactions by the Benami Transactions (Prohibition) Amendment Act, 2016 (Amended Act) Read more

Posted On : 10/31/17

Entry Tax week 3 update 22 Aug

In the matter of legality and validity of entry tax Read more

Posted On : 10/30/17

Decision of the constitution bench of SC in Jindal Stainless Ltd. vs. State of Haryana 2 Dec 2016

DECISION OF THE CONSTITUTION BENCH OF THE SUPREME COURT IN JINDAL STAINLESS LTD. AND ANR. V. STATE OF HARYANA AND ORS. Read more

Posted On : 10/30/17

Establishing liaison or branch or project office in India

On 31 March 2016, the Reserve Bank of India (RBI) issued revised regulations for establishment of a branch office or a liaison office or a project office or any other place of business in India by a p Read more

Posted On : 03/15/17

Insolvency and Bankruptcy Code, 2016

The Insolvency and Bankruptcy Code, 2016 (Code) aims to consolidate laws relating to liquidation and insolvency of corporate persons, partnership firms and individuals in India. The provisions of the Read more

Posted On : 03/15/17

Legality and validity of entry tax - Part 1

Key arguments and observations of the bench before 9 judge bench in the matter of legality and validity of entry tax from 19-28 July 2016 Read more

Posted On : 03/15/17
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