India’s real estate sector – current trends
Introduction The real estate sector in India forms a critical component of the Indian economy and contributes 5-6% to the GDP. Although this sector...
India’s foreign direct investment policy changes – a critique
Introduction India stands committed to having a Foreign Direct Investment (“FDI”) regime that is investor friendly and promotes foreign investment...
Two Indian parties can now have a foreign seat of arbitration – will this hold?
Sasan Power Limited v. North America Coal Corporation The often debated question of whether two (or more) Indian parties can opt for a foreign seat...
Foreign tax credits made easy
Recently, in the case of Wipro Limited (the “Taxpayer”), the Karnataka High Court (the “KHC”) has held that a foreign tax credit can be claimed...
The Maggi ban – has the Indian government done enough to control the damage?
On June 5, 2015, the Food Safety and Standards Authority of India (the “FSSAI”) issued an order against Nestle India Limited (“Nestle”) imposing...
Positive signal to FIIs and FPIs – no MAT prior to April 1, 2015
Background Section 115JB of India’s Income-tax Act, 1961 (the “IT Act”), provides for taxation of those companies who, despite showing high profits...