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10 April 2023 at 13 : 31 PM
Tax Hotline: Payments to a UAE entity for purchase of technical know-how not taxable in India – holds Ahmedabad Tribunal
Read MoreApril 10, 2023 PAYMENTS TO A UAE ENTITY FOR PURCHASE OF TECHNICAL KNOW-HOW NOT TAXABLE IN INDIA – HOLDS AHMEDABAD TRIBUNAL Payment for purchase of technical know-how does not constitute ‘royalty’ If there is no clause for FTS in the relevant tax treaty, then such payments should qualify as ‘business income’ not chargeable to […]
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6 April 2023 at 13 : 01 PM
Capital Markets Hotline: SEBI proposes to strengthen corporate governance of listed entities
Read MoreApril 06, 2023 SEBI PROPOSES TO STRENGTHEN CORPORATE GOVERNANCE OF LISTED ENTITIES INTRODUCTION: The Securities and Exchange Board of India (‘SEBI’) in its press release dated March 29, 20231 has announced the board meeting’s decision to amend the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’) to increase the involvement of shareholders of listed companies […]
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30 March 2023 at 15 : 02 PM
Investment Funds: Monthly Digest: SEBI approves five AIF reforms
Read MoreMarch 30, 2023 SEBI APPROVES FIVE AIF REFORMS The Securities and Exchange Board of India (“SEBI”) in its board meeting held on March 29, 2023 has approved the changes proposed in the five consultation papers released by it earlier this year with respect to alternative investment funds (“AIFs”) in India. The industry had made […]
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29 March 2023 at 18 : 51 PM
Tax Hotline : Amendments to Finance Bill, 2023
Read MoreMarch 29, 2023 AMENDMENTS TO FINANCE BILL, 2023 The Finance Bill, 2023 (“Finance Bill”) was introduced at the time of presentation of the Union Budget for financial year (“FY”) 2023-24 by the Indian Finance Minister on February 01, 2023. Our hotline containing a detailed analysis of the Finance Bill can be found here. Subsequently, certain […]
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29 March 2023 at 13 : 43 PM
Regulatory Hotline: SEBI Modifies FPI Master Circular: Onboarding Process Streamlined
Read MoreMarch 29, 2023 SEBI Modifies FPI Master Circular: Onboarding Process Streamlined INTRODUCTION: The Securities and Exchange Board of India (“SEBI”) released a circular on March 27, 2023 streamlining the onboarding process of Foreign Portfolio Investors (“FPIs”) (the “Circular”)1. The Circular has modified the provisions of the Master Circular for FPIs, Designated Depository Participants and Eligible […]
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29 March 2023 at 09 : 26 AM
Further Budget Changes (March 29, 2023)
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27 March 2023 at 09 : 22 AM
Foreign Direct Investment (FDI) in Germany (March 27, 2023)
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20 March 2023 at 19 : 33 PM
Regulatory Hotline: Australia and India’s education Framework – What it means for stakeholders
Read MoreMarch 20, 2023 AUSTRALIA AND INDIA’S EDUCATION FRAMEWORK – WHAT IT MEANS FOR STAKEHOLDERS The Government of India and the Government of Australia agreed on a “Mechanism for the Mutual Recognition of Qualifications” on March 2, 2023 (“Mechanism”). The Mechanism inter alia aims to increase mobility of students and job-seekers between India and Australia […]
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20 March 2023 at 09 : 19 AM
Consultation Paper on Changes in AIF Regs (March 20, 2023)
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17 March 2023 at 18 : 42 PM
Regulatory Hotline: Intimation of Material Changes by Foreign Portfolio Investors: The Timeline Turbulence
Read MoreMarch 17, 2023 INTIMATION OF MATERIAL CHANGES BY FOREIGN PORTFOLIO INVESTORS: THE TIMELINE TURBULENCE INTRODUCTION: The Securities and Exchange Board of India (“SEBI”) has amended the SEBI (Foreign Portfolio Investors) Regulations, 2019, (“FPI Regulations”)1 by notifying the SEBI (Foreign Portfolio Investors) (Amendment) Regulations, 2023 (“Amendment Regulations”)2. Brought into effect from March 15, 2023, the Amendment Regulations, […]
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17 March 2023 at 09 : 47 AM
Nishith Desai Associates: Deal Corner
Read MoreMarch 16, 2023 KOTAK MAHINDRA BANK ACQUIRES SONATA FINANCE FROM EXISTING SHAREHOLDERS DEAL BRIEF Kotak Mahindra Bank (“Kotak”) announced that it has executed binding share purchase agreement(s) to acquire 100% of equity shares of Sonata Finance Private Limited (“Sonata”), a Non-Banking Finance Company, classified as an NBFC-MFI, from existing shareholders, subject to regulatory and other […]
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17 March 2023 at 09 : 22 AM
Realize Human Potential (March 17, 2023)
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16 March 2023 at 16 : 14 PM
New Publication: Doing Business in India
Read MoreDoing Business in India The Guide for US Businesses and Organizations Entering and Expanding into India March 16, 2023 India, a country known for its diverse culture, is emerging as a preferred destination for businesses across the globe. The country’s large population and government initiatives to boost the economy make it an attractive market […]
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13 March 2023 at 14 : 46 PM
Crypto and Blockchain Hotline: Making Crypto Industry Complaint in India: A Welcome Move under the Anti-Money Laundering Laws
Read MoreMarch 13, 2023 MAKING CRYPTO INDUSTRY COMPLIANT IN INDIA: A WELCOME MOVE UNDER THE ANTI-MONEY LAUNDERING LAWS The Ministry of Finance (“MoF”) has recently extended the applicability of certain compliance obligations under the Prevention of Money Laundering Act, 2002 (“PMLA”) to various service providers in the virtual digital asset ecosystem (virtual asset service providers i.e. […]
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13 March 2023 at 09 : 47 AM
Latest on private wealth in Singapore (March 13, 2023)
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11 March 2023 at 12 : 12 PM
Regulatory Hotline: Amendment to Anti-Money Laundering Laws: A Relative Conundrum
Read MoreMarch 02, 2023 AMENDMENT TO ANTI-MONEY LAUNDERING LAWS: A RELATIVE CONUNDRUM INTRODUCTION: The Department of Revenue, Ministry of Finance, Government of India amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 (“PML Rules”) on March 7, 2023 by notifying the Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 20231(the “Amendment Rules”). The Amendment Rules, […]