Insights
March 5, 2015

SALIENT FEATURES OF THE INCOME TAX PROPOSALS IN INDIA’S BUDGET FOR 2015-16

India’s Union Budget (“Budget”) was announced on February 28, 2015, and the Finance Bill, 2015 (the “Finance Bill”) was tabled in Parliament. Most of the income tax proposals in the Finance Bill will be effective from the financial year commencing on April 1, 2015, unless specified otherwise. Announced in the backdrop of high expectations, the…

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Tax
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February 27, 2015

PROPOSED AMENDMENTS TO INDIA’S ARBITRATION LAW: WILL IT HAVE THE DESIRED EFFECT?

Introduction The Arbitration and Conciliation Act, 1996 (the “Act”), was enacted by the Parliament of India to consolidate and amend the law relating to domestic arbitration and enforcement of foreign awards. One of the main objectives of the Act was to minimise the supervisory role of courts in the arbitration process.  However, in our view,…

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Disputes and Arbitration
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February 18, 2015

INDIA – FOREIGN EXCHANGE REGULATORY UPDATE

This update discusses certain key changes to India’s foreign exchange regulations implemented in the past few weeks Liberalization of the limit under the Liberalized Remittance Scheme (“LRS”) In the bi-monthly monetary policy statement released on February 3, 2015, the Reserve Bank of India (the “RBI”) has increased the limit on remittance of foreign exchange for…

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Corporate/M&A, Foreign Investment, Private Equity and Venture Capital
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