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India
Acuity Law
Obligation (in the hands of telecom companies) to withhold taxes under Section 194H of the Income-tax Act, 1961 (IT Act) on discounts given to SIM card distributors has been a matter of long drawn dispute.
AZB & Partners
The judgment passed by the Hon'ble Supreme Court in Vidarbha Industries Power Ltd. v. Axis Bank Ltd., 8 SCC 32 on July 12, 2022, created quite a stir and unsettled the legal position pertaining to discretionary admission of section 7 applications under the Insolvency and Bankruptcy Code, 2016.
IndusLaw
인도 정부(Government of India, GoI)가 자동차 및 자동차 부품을 대상으로 하는 생산 연계 인센티브를 2026-27 회계연도에서 2027-28 회계연도로 변경하여 1 년 추가 연장했습니다.
TeamLogic
Recently, Hon'ble Supreme Court of India (SC), in a case, Central GST v. Delhi International Airport Ltd. [2023] 152 taxmann.com 324, has held that service tax was not chargeable on User Development Fee...
Sochannam Legal
Can a sister ship arrest be maintained on the premise that both vessels are managed/operated by the same entity, while each ship is owned by distinct one ship company.
Accures Legal
Recently, there have been patent cases in India where request for expedited examination is rejected under Rule 24(C)(4)and such requests were processed in accordance with the provisions...
ALMT Legal
The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India has revised the terms governing FDI policy of 2020 for the space sector in India, vide Press Note no. 1 dated 4 March 2024.
Acuity Law
The Securities and Exchange Board of India (SEBI) has issued an informal guidance under the Securities and Exchange Board of India (Informal Guidance) Scheme, 2003...
Lakshmikumaran & Sridharan
Insurance industry has been in existence since the 12th century, but the last century has witnessed widescale adoption among the general masses. With the growth of the insurance industry...
Trinity Chambers
In a recent decision in Akhil Gupta v. Hindustan Unilever Ltd. , the Delhi High Court, while deciding upon a petition filed under Section 11 of the Arbitration and Conciliation Act, 1996 ("Arbitration Act")...
Khaitan & Co LLP
Owing to the mushrooming of passive funds in the past decade coupled with concerns regarding conflict of interest and governance of indices and the fact that market indices are often seen as the barometer of economic growth, it is prudent to govern index providers.
Economic Laws Practice
India is currently governed by a plethora of labour legislations. Labour is a concurrent matter in the Constitution, which means both the Central Government as well as the State Governments can formulate laws and make rules.
Khaitan & Co LLP
The Supreme Court of India (Supreme Court) in Pavana Dibbur v The Directorate of Enforcement, 2023 SCC OnLine SC 1586, held that the offence of criminal conspiracy will be categorised as a scheduled...
LexOrbis
The Patents Acts in all jurisdictions have strict timelines. Missing the statutory times by the applicant leads to adverse consequences like the application being deemed to have been abandoned (section 21 of Patents Act 1970) ...
Khaitan & Co LLP
On 29 January 2024, the International Financial Services Centres Authority notified the International Financial Services Centres Authority Regulations, 2024 with the intention of governing and regulating payment services in International Financial Services Centres.
AZB & Partners
Proxy advisors often issue voting recommendations in relation to appointment of directors of listed entities, including for appointment of promoter directors and independent directors.
AZB & Partners
On April 16, 2024, the Reserve Bank of India (RBI) issued a press release with draft directions for regulation of payment aggregators (PAs) that facilitate payments at physical point of sale...
Ikigai Law
In this article, we dive into the draft RBI regulations for offline payment aggregators (PA) and draft amendment to the current PA guidelines.
IndusLaw
"Is it true? Is it necessary? Is it kind?" – this very famous question was posed by Greek philosopher Socrates, to his followers. In essence, he impressed on his followers...
S.S. Rana & Co. Advocates
In the realm of consumer goods, advertising serves as a powerful tool to inform and persuade.
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