Insights
September 27, 2019

IMPORTANT CHANGES TO INDIA’S PRODUCT LIABILITY AND CONSUMER LAWS

Last month, the Indian government enacted: (i) the Consumer Protection Act, 2019 (the “CP Act 2019”), which, when notified, will replace the Consumer Protection Act, 1986 (the “CP Act 1986”); and (ii) the Motor Vehicles (Amendment) Act, 2019 (the “MV Amendment Act”), which will amend the Motor Vehicles Act, 1988 (the “MV Act”).  The CP…

Tags:
VIEW MORE
September 20, 2019

INDIAN GOVERNMENT ANNOUNCES KEY TAX PROPOSALS

Today (September 20, 2019) the Indian government has introduced the Taxation Laws (Amendment) Ordinance, 2019, to make certain amendments in the Income-tax Act 1961 (the “IT Act”). We have summarized below some of the key changes. Option to pay a reduced corporate tax rate of 22% In order to promote growth and investment, a new…

Tags:
Tax
VIEW MORE
September 10, 2019

INDIA’S CABINET LIBERALIZES THE FOREIGN DIRECT INVESTMENT REGIME

Introduction Addressing India’s need to attract investments to revitalize its economy, on August 28, 2019, the Union Cabinet (the “Cabinet”) has approved a number of changes to the foreign direct investment (“FDI”) regime.  The reforms cover the single brand retail trading (“SBRT”), digital media and coal mining sectors.  This update discusses the key changes approved…

Tags:
Foreign Investment
VIEW MORE
September 5, 2019

PORTFOLIO INVESTORS TO BENEFIT UNDER THE RECENT CHANGES TO INDIA’S SECURITIES LAWS

On August 21, 2019, India’s securities market regulator, the Securities and Exchange Board of India (the “SEBI”), introduced a plethora of changes to Indian securities laws and regulations.  This update discusses the key changes. Background In recent months, a multitude of factors including, inter alia, the ongoing trade tensions between the US and China, a…

Tags:
Securities Law
VIEW MORE
August 23, 2019

INDIA’S MERGER CONTROL REGIME GETS A “GREEN CHANNEL”

In 2018, the Indian government constituted a committee to review the Competition Act, 2002 (the “Competition Act”), and its rules and regulations.  On July 26, 2019, the committee released its report with various recommendations dealing with the functioning of the Competition Commission of India (the “CCI”), the merger control regime and on anti-competitive conduct. Currently,…

Tags:
Competition Corporate/M&A
VIEW MORE
August 9, 2019

RECENT CHANGES TO INDIA’S COMPANY LAW

On July 31, 2019, the Indian government notified the Companies (Amendment) Act, 2019 (the “Amendment Act”), which amends certain provisions of the Companies Act, 2013 (the “Companies Act”).  While a large part of the Amendment Act covers the changes introduced by the ordinance effective from November 2, 2018, the Amendment Act has also incorporated certain…

Tags:
Corporate/M&A
VIEW MORE
August 7, 2019

THE RESERVE BANK OF INDIA LIBERALIZES EXTERNAL COMMERCIAL BORROWING NORMS ON END-USE PROVISIONS

Introduction Earlier this year, the Reserve Bank of India (the “RBI”) had revised the framework on external commercial borrowings (“ECBs”), and put in place a new and simplified framework for Indian entities to borrow monies from foreign lenders.  On July 30, 2019, the RBI has further relaxed the restrictions on end-use of ECBs for corporates…

Tags:
Banking and Finance
VIEW MORE
July 16, 2019

SEXUAL HARASSMENT LAW UPDATE – MANDATORY REGISTRATION OF THE INTERNAL COMMITTEE FOR ESTABLISHMENTS LOCATED IN TELANGANA AND MUMBAI

Introduction In India, the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (the “Harassment Act”) and the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013 (the “Harassment Rules”) deal with sexual harassment against women at the workplace. The Harassment Act and the Harassment Rules require an employer…

Tags:
Employment Law
VIEW MORE
July 12, 2019

INDIA’S BUDGET 2019-20 – KEY HIGHLIGHTS

Introduction India’s Union Budget (the “Budget”) was announced on July 5, 2019, and the Finance Bill, 2019 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and therefore, it is likely that the Finance Bill may be amended as a result of these discussions. Once enacted,…

Tags:
Tax
VIEW MORE
June 24, 2019

INDIA’S SUPREME COURT REITERATES THE TESTS TO DETERMINE WHETHER A CONTRACT LABOURER IS AN EMPLOYEE

In a recent ruling, India’s Supreme Court (the “SC”) reiterated the basic tests to be applied in determining whether contract labourers can be classified as direct employees.  This update discusses the SC ruling and analyzes the precautions that employers should adopt while employing contract labour. Background Bharat Heavy Electronics Limited (“BHEL”) had entered into an…

Tags:
Employment Law
VIEW MORE