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18 June 2024 at 18 : 59 PM
Tax Hotline: Telangana High Court dismisses Taxpayers’ constitutional writ challenging invocation of GAAR
Read MoreJune 18, 2024 TELANGANA HIGH COURT DISMISSES TAXPAYERS’ CONSTITUTIONAL WRIT CHALLENGING INVOCATION OF GAAR The principle of specific provision prevailing over the general, applies exclusively when the general provisions are introduced prior to the specific provisions. Additionally, the court emphasized that GAAR provisions, beginning with a non-obstante clause, would override other provisions of the […]
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18 June 2024 at 14 : 48 PM
Technology Law Analysis: Self-Declaration Mechanism for Misleading Advertisements: A House Built on Sand
Read MoreJune 18, 2024 SELF-DECLARATION MECHANISM FOR MISLEADING ADVERTISEMENTS: A HOUSE BUILT ON SAND The Supreme Court order dated May 7, 2024 in the case of Indian Medical Association & Anr. v. Union of India & Ors, Writ Petition (C) No. 645/2022, mandated establishment of a Self-Declaration mechanism for advertisements. The mechanism is operational through […]
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17 June 2024 at 17 : 58 PM
Article: Navigating the Regulatory Landscape: Small and Medium REITs’ Path to Compliance and Growth
Read MoreJune 17, 2024 NAVIGATING THE REGULATORY LANDSCAPE: SMALL AND MEDIUM REITS’ PATH TO COMPLIANCE AND GROWTH On March 08, 2024, SEBI notified amendments to the SEBI (Real Estate Investment Trusts) Regulations, 2014 vide the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2024. In a significant change, SEBI has permitted the establishment of SM REITs, […]
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17 June 2024 at 09 : 08 AM
Employment Law Letter: Managing Employee Frauds, FCPA, and Investigation Issues in India by Foreign Companies
Read MoreJune 17, 2024 MANAGING EMPLOYEE FRAUDS, FCPA, AND INVESTIGATION ISSUES IN INDIA BY FOREIGN COMPANIES The landscape of business operations in India presents unique challenges and opportunities for foreign companies. One critical area that demands attention is the management of employee frauds and compliance with international regulations like the Foreign Corrupt Practices Act (FCPA). […]
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14 June 2024 at 14 : 01 PM
Regulatory Hotline: SEBI Provides Flexibility to Foreign Portfolio Investors in Dealing with Their Securities Post Expiry of Their Registration
Read MoreJune 14, 2024 SEBI PROVIDES FLEXIBILITY TO FOREIGN PORTFOLIO INVESTORS IN DEALING WITH THEIR SECURITIES POST EXPIRY OF THEIR REGISTRATION In February 2024, SEBI released a consultation paper on a framework for providing flexibility to FPIs in dealing with their securities post expiry of their registration. Earlier this month, SEBI notified the FPI (Amendment) […]
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13 June 2024 at 15 : 13 PM
HR Law Hotline: Exemption from Labour Law on Standing Orders for Technology Sector in Bengaluru
Read MoreJune 13, 2024 EXEMPTION FROM LABOUR LAW ON STANDING ORDERS FOR TECHNOLOGY SECTOR IN BENGALURU The Karnataka State Government has renewed the IESO Act exemption for IT and ITeS companies (along with certain other knowledge based sectors) for five years. The technology sector in Bengaluru was exempted from this law since 1999. The previous […]
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12 June 2024 at 18 : 27 PM
Yes, Governance Matters.: Shedding light on the LinkedIn Order – SBO Analysis
Read MoreJune 12, 2024 SHEDDING LIGHT ON THE LINKEDIN ORDER – SBO ANALYSIS The Companies Act, 2013 necessitates SBO disclosure to prevent misuse through illicit activities, aligning with FATF Recommendations. RoC penalized LinkedIn India for SBO non-disclosure, extending to CEOs of Microsoft Corporation and LinkedIn USA Contrary to SBO Rules, RoC’s reliance on subjective tests extends beyond […]
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11 June 2024 at 09 : 44 AM
HR Law Hotline: Much needed extension of exemptions for IT-ITes establishments in Telangana
Read MoreJune 11, 2024 MUCH NEEDED EXTENSION OF EXEMPTIONS FOR IT-ITES ESTABLISHMENTS IN TELANGANA The extension provides much needed clarity and business certainty to IT-ITes establishment in Telangana. The extension of the exemption is valid till May 30, 2028. The notification deals with exemption around opening and closing hours of establishment, daily and weekly working […]
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10 June 2024 at 08 : 09 AM
Investment Funds: Monthly Digest: 2024 AIF Mid-Year Report: SEBI’s focus on Clarity, Compliance, and Capability
Read MoreJune 10, 2024 2024 AIF MID-YEAR REPORT: SEBI’S FOCUS ON CLARITY, COMPLIANCE, AND CAPABILITY SEBI relaxes requirement for changes in terms of PPM to be intimated through Merchant Banker. New NISM Certification requirement for KIT members of AIFs. SEBI releases consultation paper on the framework for valuation of investment portfolio of AIFs. INTRODUCTION In […]
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9 June 2024 at 11 : 56 AM
Funds Hotline: Indian LP investments in Overseas Funds – Rules Liberalised
Read MoreJune 9, 2024 INDIAN LP INVESTMENTS IN OVERSEAS FUNDS – RULES LIBERALISED Indian LPs now permitted to invest in overseas funds regulated through their manager Indian LP investment not limited to only units issued by overseas funds, but any instrument by whatever name INTRODUCTION On Friday, the Reserve Bank of India (“RBI”) issued a […]
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7 June 2024 at 21 : 37 PM
Regulatory Hotline: SEBI Relaxes the Timelines for Disclosure of Material Changes by Foreign Portfolio Investors
Read MoreJune 7, 2024 SEBI RELAXES THE TIMELINES FOR DISCLOSURE OF MATERIAL CHANGES BY FOREIGN PORTFOLIO INVESTORS SEBI issues an updated Master Circular for FPIs, DDPs and EFIs. SEBI FPI (Amendment) Regulations, 2024 notified. SEBI issues a circular on disclosure of material changes and other obligations for FPIs. INTRODUCTION The Securities and Exchange Board […]
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4 June 2024 at 17 : 50 PM
Yes, Governance Matters.: Advancing ESG: India’s New Disclosure Frameworks by RBI and SEBI
Read MoreJune 04, 2024 ADVANCING ESG: INDIA’S NEW DISCLOSURE FRAMEWORKS BY RBI AND SEBI RBI and SEBI have introduced frameworks aimed at integrating climate-related financial risks into India’s regulatory regimes, aligning with global standards and enhancing transparency and accountability within the financial sector. RBI’s draft disclosure framework mandates regulated entities to disclose information on climate-related […]
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3 June 2024 at 09 : 39 AM
Employment Law Letter: Impact of India’s New Labour Code on Foreign Companies Doing Business in India
Read MoreJune 3, 2024 IMPACT OF INDIA’S NEW LABOUR CODE ON FOREIGN COMPANIES DOING BUSINESS IN INDIA India’s labor landscape has undergone a significant transformation with the introduction of the new labour codes. These codes, aimed at simplifying and consolidating the myriad of existing labor laws, have profound implications for businesses, including foreign companies operating […]
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31 May 2024 at 09 : 14 AM
New Publication: Start-up Governance Essentials
Read MoreFrom Start to Maturity May 31, 2024 The “Start-up Governance Essentials: From Start to Maturity Manual” is a comprehensive guide that illuminates the principles, frameworks, and best practices of governance for start-ups. In today’s fast-paced business landscape, where technological advancements are constant, the manual emphasizes the critical role of sound governance practices in […]
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30 May 2024 at 09 : 08 AM
Part I – Presentation by Interns (May 28, 2024)
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29 May 2024 at 13 : 22 PM
Dispute Resolution Hotline: Delhi Metro Dispute: Exercise of Curative Powers to Set Aside Award
Read MoreMay 29, 2024 DELHI METRO DISPUTE: EXERCISE OF CURATIVE POWERS TO SET ASIDE AWARD This article was first published by The Legal Industry on May, 2024. SUMMARY Our International Disputes & Investigations team members, Vyapak Desai and Ritika Bansal write the Arbitration Chapter of The Legal Industry Reviews, India. They discuss developments in Indian […]