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By Manas Kumar Chaudhuri, Ebaad Nawaz Khan
It was, inter alia, the contention of GIL and ABCIL that together they constituted a single economic entity and, therefore, there was no question of collusion between them.
By Malek-ul-Ashtar Shipchandler
The Securities and Exchange Board of India (SEBI) has given a view that contractual mergers effected in foreign jurisdictions which per se do not follow a merger approval process similar to India, despite regulatory oversight...
By Shishir Mehta, Vidushi Gupta, Malek-ul-Ashtar Shipchandler
The Reserve Bank of India (RBI) has released the Master Directions relating to peer-to-peer lending (P2P Lending) on 4 October 2017 (Master Directions).
By Dinesh Agrawal, Ankit Shah, Anjali Krishnan
The Department of Industrial Promotion and Policy (DIPP) has notified a scheme to extend budgetary support to manufacturing units operating in the backward areas of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North-Eastern states...
By Surbhi Kejriwal, Pranay Bagdi
Prior to the notification of the Layering Rules, the restriction on number of subsidiaries specified in Section 2(87) was not in force. The limitation on use of investment companies under Section 186(1) has been applicable since 1 April 2014.
By Ajay Bhargava, Aseem Chaturvedi, Chandni Anand
The plea for quashing the FIR was advanced on the ground that the Appellants had amicably settled the dispute with the complainant. The Court after discussing various precedents on the subject summarised the broad principles in relation to Section 482 for quashing FIRs.
By Dinesh Agrawal, Prajakta Menezes, Pranay Sahay, Parin Masalia
The beginning of October has set in various relief measures to taxpayers who were grappling with challenging procedural and compliance provisions under the Goods and Services Tax regime (GST).
By Shishir Mehta, Soumava Chatterjee, Ashwij Ramaiah
The P2P Guidelines came close on heels of the notification by the RBI on 18 September 2017 that conferred NBFC status to any company carrying out the business of peer-to-peer lending (P2P Lending), to bring these platforms under the supervision of RBI.
By Vanita Bhargava, Abhisaar Bairagi, Shweta Kabra
The State Governments levied transit fees on forest produce under the Indian Forests Act, 1927 (1927 Act) which was challenged by the assessees in the respective three High Courts which delivered different verdicts.
By Ajay Bhargava, Jeevan Ballav Panda, Shalini Sati Prasad
The Supreme Court granted leave to appeal to the Appellant challenging the legality and correctness of the judgment and order dated 29 September 2011 passed by the Division Bench of the Calcutta High Court.
By Dibyanshu , Anuj Sahay, Sagar BM
On 29 September 2017, the Central Electricity Regulatory Commission (CERC) had issued directions and clarified the terms for grant of connectivity and whether connectivity approval granted to a company could be utilised by its wholly owned subsidiaries.
By Kalpana Unadkat, Pranay Bagdi, Shivani Vij
Today, good governance practices are an essential ingredient for boosting investor confidence and are a sign of a safe and robust market conducive for investment, across the globe.
By Ajay Bhargava, Aseem Chaturvedi, Sharngan Aravindakshan
A Single Judge of the Bombay High Court (Court), vide its Order and Judgement dated 19 September 2017, found that an arbitration clause in the draft concession agreement annexed to the bid document does not constitute a binding arbitration agreement between the parties.
By Vanita Bhargava, Wamika Trehan
On 26 September 2017, the Government of India (Central Government) notified and published the Wetlands (Conservation and Management) Rules, 2017, which supersede the Wetlands (Conservation and Management) Rules, 2010.
By Manisha Shroff, Oindrila Bhowmik, Meenakshi Kurpad
However, similar disclosures have not been mandated in case of loans granted by banks and financial institutions.
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