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By Ritu Shaktawat, Krutika Chitre
The Bangalore bench of the Income Tax Appellate Tribunal (Tribunal), on 22 December 2017 ruled in favour of Texport Overseas Private Limited (Taxpayer) and held that since clause (i) of Section 92BA of the Income Tax Act, 1961 ...
By Rajat Jariwal, Sahil Narang, Shagun Jaggi
The Indian government has been committed towards making India an international hub for arbitration, at par with international standards, one that would give comfort to investors and businesses.
By Vineet Shingal, Tanushree Bhuwalka, Aman Dwivedi
The Securities and Exchange Board of India has introduced a rather novel but somewhat contentious interpretation of Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
By Sudhir Bassi, Mehul Shah, Ashwinee Oturkar, Aman Yagnik
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 provide that a scheme of arrangement/ amalgamation/ merger/ reconstruction/ reduction of capital undertaken by a listed entity must be in compliance with the applicable securities laws.
By Rajiv Khaitan, Vinay Joy, K A Alakiri
The Central Government in exercise of its powers provided under the Legal Metrology Act, 2009 (Act) issued the Legal Metrology (Packaged Commodities) Rules, 2011 (Rules) which lays down provisions in relation to pre-packaged commodities meant for wholesale and retail sale in India.
By Vinita Krishnan, Raghav Bajaj, Ankit Namdeo
The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has delivered a ruling favoring the taxpayer which could impact corporate restructurings significantly and increase the popularity of LLP as a preferred form of entity for business.
By Harsh Walia, Shobhit Chandra, Piyush Ranjan
The Telecom Regulatory Authority of India (TRAI) has issued The Telecommunication Interconnection Regulations, 2018 (Regulations) on 1 January 2018. The Regulations will come into effect from 1 February 2018.
By Chakrapani Misra, Ravitej Chilumuri, Akash Karmarkar
The NCLAT passed a judgment putting to rest the question of the applicability of the Limitation Act, 1963 to the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.
By Sharad Abhyankar, Ritwik Kulkarni
Desiring a simplified and compact law with flexible rule making powers for ‘ever changing business models', the Central Government constituted the JJ Irani Expert Committee on Company Law (Irani Committee).
By Peshwan Jehangir, Ayush Agarwala, Sneha Janakiraman
The Petitioner had obtained certain awards against the Respondent in a foreign seated international commercial arbitration.
By Khaitan & Co Funds Team
Reeling under the after-effects of the demonetisation policy introduced in late 2016, India had entered 2017 with the aim to maintain strong macro-economic fundamentals, restore historic growth levels and tackle the surmounting stressed assets problem.
By Nalina Mayegowda, Avinash Balakrishna
On 27 November 2017, the Karnataka High Court decided issues regarding the entitlement of software development industries to concessional power tariff under HT 2(a) category i.e., industrial tariff.
By Ayush Mehrotra, Tushaar Talwar
The apex court has permitted hotels and restaurants to charge prices higher than the Maximum Retail Price (MRP) on bottled water sold to customers as part of food and drinks service.
By Ajay Bhargava, Aseem Chaturvedi, Sharngan Aravindakshan
The SC was dealing with a series of writ petitions and appeals, all challenging the constitutional validity of Section 45 of the Act.
By Moin Ladha, Shashank Patil
The Securities Exchange Board of India (SEBI) stipulates that any acquisition of voting rights in a listed company in excess of the thresholds specified therein would trigger an obligation to make a mandatory open offer.
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