India demonetizes INR500 and INR1000 notes, moving towards a cashless economy
Major Reform In a big bang reform, effective midnight of November 9, 2016, the Indian government has banned INR500 and INR1000 currency notes (the...
Simplified process for incorporating companies
Introduction In the last couple of years, the Indian government has taken many initiatives to ease the process of incorporating a company in India...
Sebi cautions online crowdfunding platforms; clarifies applicability of insider trade regulations
This update discusses the implications of a recent cautionary notice issued by the Securities and Exchange Board of India (the “SEBI”) in respect of...
Indian tax benefits on amalgamations applied to foreign companies – an important development
Introduction In a recent ruling in the case of Banca Sella SpA (AAR No. 1130 of 2011 dated August 17, 2016), India’s Authority for Advance Rulings...
Does the Arbitration and (Conciliation) Amendment Act, 2015 apply to court proceedings filed before its commencement?
Introduction Recently, in three (3) identical matters (two (2) of which were filed by the Board of Control for Cricket in India (“BCCI”) against...
The Indian real estate sector: an overview
Introduction The real estate sector is the driving force behind the growth of the Indian economy. It is the second largest employment generator...