Impact of the India – Mauritius Protocol
Introduction Under the bilateral double taxation avoidance agreement between India and Mauritius (the “Mauritius DTAA”), any capital gain arising...
An overview of the Real Estate (Regulation and Development) Act, 2016
Introduction After much deliberation in the Indian Parliament, on March 25, 2016, the Real Estate (Regulation and Development) Act, 2016 (the “Act”)...
India moves to a unified payment interface regime
Introduction On April 11, 2016, the Reserve Bank of India (the “RBI”) flagged off the Unified Payment Interface (“UPI”) system, which will be a...
DIPP issues regulations on foreign investment in e-commerce; liberalizes insurance and pension sectors
Introduction The Indian government has implemented a host of reforms to liberalize India’s foreign direct investment (“FDI”) regime. Last week, the...
Is the SEBI’s proposal to introduce a brightline test to determine change of “control” workable?
Introduction In India, the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the “Takeover Regulations”) adopt a mandatory...
India’s Budget 2016-17: key highlights
Introduction India’s Union Budget (the “Budget”) was announced on February 29, 2016, and the Finance Bill, 2016 (the “Finance Bill”) was tabled in...