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. Read more
Posted On : 10/01/20
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Restriction on Number of Layers Rules: exemption for first layer or any layer of WOS?
The Companies Act, 2013 read with the Companies (Restriction on Number of Layers) Rules, 2017 restricts the number of layers of subsidiaries Read more
Posted On : 09/04/20
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 .. Read more
Posted On : 08/28/20
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 : 08/18/20
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 : 08/12/20
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