Brightline tests to determine change of “control” for takeovers a no-go
Introduction In India, under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the “...
India’s securities regulator on shell companies, exemptions from open offer
Introduction Recently, the Securities and Exchange Board of India (the “ SEBI”) has approved and notified several important changes to Indian...
Supreme Court order may pave the way for out-of-court settlements
Introduction The Indian government enacted the Insolvency and Bankruptcy Code, 2016 (the “ Code”) to consolidate the law on insolvency in India, and...
Supreme Court backs the new insolvency regime, upholds action against Essar Steel
Introduction With the aim of having a robust and efficient insolvency process and to remedy the appalling credit default situation in India, the...
“Dominant” Whatsapp not indulging in predatory pricing in India
In 2009, the Indian government implemented the provisions for prohibition of anti-competitive agreements and abuse of dominant position in India...
Further exemptions on long term capital gains in India
Background Under the existing provisions of section 10(38) of the Income-tax Act, 1961 (the “IT Act”), income arising from the transfer of a...