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30 June 2025 at 15 : 30 PM
GIFT City Express: Breaking the Substance Barrier: IFSCA Clears the Path for Third Party Fund Managers
Read MoreJune 30, 2025 Breaking the Substance Barrier: IFSCA Clears the Path for Third Party Fund Managers IFSCA approved a proposal to enable Third-Party Fund Management Services. Foreign and domestic fund managers allowed to manage IFSC funds without meeting substance requirement at GIFT IFSC INTRODUCTION At its 24th meeting held on June 24, 20251 (“Authority Meeting”), […]
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28 June 2025 at 21 : 38 PM
Tax Hotline: Taxability of One-Time Voluntary Payment Received on Diminution of Value of ESOPs
Read MoreJune 28, 2025 Taxability of One-Time Voluntary Payment Received on Diminution of Value of ESOPs The Hon’ble Karnataka High Court has held that a one-time, voluntary payment by the parent foreign company to ESOP holders in India to compensate for the diminution in the value of their unexercised stock options (both vested and unvested) […]
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25 June 2025 at 12 : 55 PM
Yes, Governance Matters.: The Great VC Shakeout: Lessons for India from the U.S. Venture Landscape
Read MoreJune 25, 2025 The Great VC Shakeout: Lessons for India from the U.S. Venture Landscape Context Chris Harvey’s compelling analysis on the dramatic contraction in the U.S. venture capital (VC) market has set the stage for a crucial reflection.1 The U.S., long considered the gold standard for venture capital ecosystems, is now undergoing a fundamental […]
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23 June 2025 at 17 : 38 PM
Dispute Resolution Hotline: Modification of awards: India’s Supreme Court redefines scope of judicial interference
Read MoreJune 23, 2025 Modification of awards: India’s Supreme Court redefines scope of judicial interference This article was first published in globalarbitrationreview.com (June, 20, 2025). The Supreme Court of India in Gayatri Balasamy v ISG Novasoft Technologies Limited settled a longstanding issue in Indian arbitration law, i.e., whether courts can modify arbitral awards under the […]
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20 June 2025 at 16 : 15 PM
New Publication: New Age of Franchising
Read MoreLegal, Tax & Regulatory Perspective June 20, 2025 India’s franchising landscape is undergoing a transformation, driven by rapid digitalisation, diverse sectoral growth, and evolving regulatory frameworks. This research paper offers a comprehensive, multidisciplinary examination of the key legal, tax, and regulatory considerations governing modern franchise arrangements in India. The paper covers the historical evolution […]
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20 June 2025 at 12 : 06 PM
Deal Talk: Zomato’s New ‘Desi’ Shareholding Recipe: Less Foreign Ice, More Domestic Spice!
Read MoreJune 20, 2025 Zomato’s New ‘Desi’ Shareholding Recipe: Less Foreign Ice, More Domestic Spice! Introduction On April 18, 2025, the board of directors of the listed company Eternal Limited (popularly referred to as “Zomato”) approved, subject to shareholder approval, a proposal to limit the total foreign ownership in Zomato to up to 49.50% shareholding on a […]
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19 June 2025 at 21 : 22 PM
Deal Corner: NDA Represents SG Analytics and its Shareholders in the Sale of their Shareholding in SG Analytics to Learning Mate Solutions, a Straive Company
Read MoreJune 19, 2025 NDA Represents SG Analytics and its Shareholders in the Sale of their Shareholding in SG Analytics to Learning Mate Solutions, a Straive Company Deal Brief Straive, a global leader in Data, Analytics, and AI Operationalization, announced its acquisition of SG Analytics, a leading provider of AI-powered Insights and contextual analytics services. […]
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19 June 2025 at 14 : 08 PM
Yes, Governance Matters.: Rights of Shareholders based on Shareholding Thresholds
Read MoreJune 19, 2025 Rights of Shareholders based on Shareholding Thresholds Shareholders in India enjoy foundational rights irrespective of shareholding—voting, dividends, information, and legal remedies. Specific legal rights and corporate influence increase at key ownership thresholds: 10%, 25%, 50%, 75%, and 90%. Understanding and leveraging shareholder thresholds is critical for promoters, investors, and boards in […]
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13 June 2025 at 17 : 12 PM
New Publication: The Tour d’Horizon of Data Law Implications of Digital Twins: Industry Considerations
Read MoreIndustry Considerations June 13, 2025 As Digital Twin (DT) technology transforms industries—from manufacturing and healthcare to defense and smart cities—its legal and regulatory dimensions have become increasingly critical. These data-intensive “virtual replicas” operate through continuous real-time data exchange, raising complex issues around privacy, cybersecurity, cross-border data flows, and stakeholder liability. In their article […]
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12 June 2025 at 12 : 39 PM
New Publication: Life Sciences India 2025: Law and Practice
Read MoreChambers & Partners Global Practice Guide Offering Comparative Analysis June 12, 2025 The life sciences sector in India is rapidly evolving, driven by advances in technology, shifting public health priorities, and increasing global integration. As one of the most heavily regulated industries, the pharmaceutical and medical devices ecosystem in India is governed by […]
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30 May 2025 at 12 : 30 PM
Regulatory Hotline: Law applied in a vacuum
Read MoreMay 30, 2025 Law applied in a vacuum This article was first published in www.financialexpress.com (May, 27, 2025). The Supreme Court of India recently issued two contrasting rulings involving Article 142, its extraordinary power to deliver “complete justice,” both highlighting protracted litigation. Within the same week, the Supreme Court of India recently issued two […]
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28 May 2025 at 12 : 56 PM
Regulatory Hotline: India’s New Digital Lending Law: Building Trust, Transparency and Accountability
Read MoreMay 28, 2025 India’s New Digital Lending Law: Building Trust, Transparency and Accountability Introduction On May 8, 2025, the Reserve Bank of India (“RBI”) introduced the Digital Lending Directions, 2025 (“DL Directions”), thus consolidating the regulatory landscape for digital lending in India. These Directions supersede the following prior frameworks: Loans Sourced by Banks […]
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27 May 2025 at 12 : 27 PM
Global Capability Centers
Read MoreLegal, Regulatory and Tax Issues View in Browser Hope you have a good read. Feel free to contact us at concierge@nishithdesai.com.
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27 May 2025 at 02 : 15 AM
HR Law Hotline: Resignation at a price: Supreme Court endorses lock-in clauses for PSUs
Read MoreMay 27, 2025 Resignation at a price: Supreme Court endorses lock-in clauses for PSUs This article was first published in www.lexology.com (May, 23, 2025). The SC’s decision in the Vijaya Bank case serves as a landmark precedent for assessing the validity of lock-in clauses and liquidated damages provisions in employment contracts, particularly in the […]
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16 May 2025 at 19 : 56 PM
Tax Hotline: Delhi ITAT Upholds Claim of Treaty Benefits by Cyprus Taxpayer
Read MoreMay 16, 2025 Delhi ITAT Upholds Claim of Treaty Benefits by Cyprus Taxpayer The Delhi ITAT (“ITAT”) holds that a valid Tax Residency Certificate would entitle the Cyprus based Investment Company to benefits under the India–Cyprus Double Taxation Avoidance Agreement (“DTAA”) on capital gains and income received on account of dividend. The ITAT affirmed that approvals granted […]
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9 May 2025 at 15 : 51 PM
HR Law Hotline: When Titles Don’t Matter: How Supervisory Roles Determine Liability Under the Employees State Insurance Act
Read MoreMay 09, 2025 When Titles Don’t Matter: How Supervisory Roles Determine Liability Under the Employees State Insurance Act Liability under the Employees’ State Insurance Act, 1948 (“ESI Act”) is determined by the actual supervisory and control responsibilities of an individual, rather than their official job title. Designation of a person is immaterial if such […]
