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By Ajay Bhargava, Jeevan Ballav Panda
The Hon'ble Delhi High Court recalled its order dated 10 December 2015 and restored the petition originally filed under Section 9 of the Arbitration and Conciliation Act, 1996 which was dismissed by a Commercial Appellate Division.
By Sachin Mandlik, Jaideep Singh Khattar, Shayan Dasgupta
The Hon'ble Supreme Court of India has held that once an arbitrator becomes ineligible to be appointed as an arbitrator by operation of law, he also loses his power to nominate another as an arbitrator.
By Vinita Krishnan, Shabnam Shaikh, Ankit Namdeo
Currently, Income Tax Act, 1961 (IT Act) provides for imputing income in the hands of the transferor/transferee if the transaction of transfer/receipt of unquoted shares is not at fair market value (FMV).
By Siddharth Shah, Daksha Baxi, Vivaik Sharma, Ankit Namdeo
Indian regulatory and tax authorities have rolled out certain key changes to reform and upgrade the country's regulatory and tax regime for entities registered, or seeking registration, with the Securities Exchange Board of India (SEBI).
By Bharat Anand, Bhaskar Banerji, Divya Gupta
The Ministry of Defence has put such speculations to rest by releasing Chapter VII of the DPP 2016 on SPs on 31 May 2017.
By Sudhir Bassi, Manisha Shroff, Meenakshi Kurpad
These measures are in furtherance of the regulators' aim of ensuring transparency in debt security issuances as well as investor protection by addressing information asymmetry prevalent in the current framework for debt security issuances.
By Sanjay Sanghvi, Ashish Mehta, Sneh Shah
In October 2015, the Central Board of Direct Taxes (CBDT) initiated a pilot project on the concept of using emails to correspond with tax payers at the time of scrutiny assessments.
By Adheesh Nargolkar, Janaksinh Jhala, Manish Sanwal
The Indian Patent Office (IPO) has once again revisited the guidelines for examination of Computer Related Inventions (CRIs) and issued revised guidelines on 30 June 2017 (Revised Guidelines).
By Stuti Galiya
The purpose of the Legal Metrology (Packaged Commodities) Rules, 2011 (PCR) is to regulate pre-packaged commodities. Under the PCR, pre-packaged commodities must comply with certain mandatory labelling requirements.
By Daksha Baxi, Ankit Namdeo
With an object to address aggressive tax strategies by multinational enterprises (MNE), the Organisation for Economic Cooperation and Development (OECD) had undertaken the landmark Base Erosion and Profit Shifting (BEPS) Project.
By Ganesh Prasad, Mukund Thirumalai Srikanth
State governments have the right to legislate on "betting and gambling" pursuant to Item 34, List II (State List) under the Seventh Schedule of The Constitution of India, 1949.
By Avaantika Kakkar, Dhruv Rajain, Arunima Chatterjee
The Ministry of Corporate Affairs has notified a significant amendment on 29 June 2017 regarding the time-period within which a transaction is to be notified to the Competition Commission of India (CCI).
By Atul Pandey, Abhishek Sanyal, Harshit Kohli
The most significant aspect of the SOP is that it envisages a time frame of 8 – 10 weeks (depending on requirement of security clearance from the Ministry of Home Affairs (MHA)) for approving FDI proposals.
By Vineet Shingal, Shweta Dwivedi
The MCA had exempted private companies in India from the applicability of certain provisions under the Companies Act, 2013 for operational flexibility and reduction of compliance requirements, vide a notification dated 5 June 2015.
By Manisha Shroff, Rolwine Alva, Oindrila Bhowmik
PCEs are financial assistance to issuer companies to enhance their credit ratings in order to attract more investors, particularly long-term investors, such as provident funds, pension fund and insurance companies.
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