Recent updates on GAAR, angel tax and tax exempt conversions
Recent developments The Indian tax authorities have started invoking the general anti-avoidance rules (“GAAR”) under India’s Income-tax Act, 1961...
India: Competition Law Wrap 2018
The Competition Act, 2002 (the “Act”) sets out the regime for anti-competitive practices and merger control in India. While the Competition...
Recent changes announced by India’s securities regulator
The Securities and Exchange Board of India (the “SEBI”) actively monitors the Indian securities and commodities markets, and has been implementing...
Fees for included services, technical services and preparatory activities explained
Financial, legal and risk management services not “Included Services” In the case of US Technology Resources Private Ltd v. DDIT, the Kerala High...
India’s Supreme Court allows disqualified resolution applicants to cure ineligibility
Under India’s Insolvency and Bankruptcy Code, 2016 (the “Code”), a potential bidder (who has been party to or caused the indebtedness and insolvency...
India’s Supreme Court rules on constitutional validity of AADHAR
Background On March 26, 2016, the Indian government promulgated the Aadhar (Targeted Delivery of Financial and Other Subsidies, Benefits and...