CBDT notifies rules for fair market value
Introduction Reducing tax litigation has been a key focus area for the Modi government. Several initiatives have been taken by the Central Board of...
India eases foreign investment norms in defence, pharmaceuticals and other sectors
Introduction India’s foreign investment regime has been liberalized significantly in the last couple of years. On June 20, 2016, the Indian...
Indian merger control thresholds revised
Introduction The Competition Act, 2002 (the “Act’) read with the Competition Commission of India (Procedure in Regard to the Transaction of Business...
RBI prescribes limits on deferred consideration and indemnity in cross-border transactions
Introduction M&A transactions often include escrow and indemnification provisions. Recently, the Reserve Bank of India (the “RBI”) has amended...
India’s new insolvency code – is it a game changer or a run-of-the-mill reform?
Background - The need for a new law The Indian legal framework for insolvency resolution, debt recovery and restructuring of stressed assets was...
SEBI proposes changes to the P-Notes regime to check money laundering
Introduction On May 19, 2016, the Securities and Exchange Board of India (the “SEBI”), in its board meeting, specified certain additional measures...