SEBI introduces key changes to public offer norms for listed companies

New SEBI regulations impacting Alternative Investment Funds in India

Nov 30, 2022

Download .pdf The Securities and Exchange Board of India (the “SEBI”) has issued two (2) circulars, dated November 17, 2022 (the “SEBI November 17 Circular”) and November 23, 2022 (the “SEBI November 23 Circular”), respectively, in furtherance of the SEBI (Alternative...

India – Insurance/PE Update

Oct 28, 2022

Download .pdf On October 13, 2022, the Insurance Regulatory and Development Authority of India (the “IRDAI”) published an exposure draft of the IRDA (Registration of Indian Insurance Companies) Regulations, 2022 (the “Draft Registration Regulations”), under which it...

The Jaipur Appellate Tribunal rules on India’s Equalisation Levy

Oct 17, 2022

Download .pdf In a recent ruling, the Jaipur bench of the Income Tax Appellate Tribunal (the “Tribunal”) has upheld that there will be no Equalisation Levy on Google advertisement payments made by an Indian tax resident if the advertisers and the target audience are...

Delhi High Court rules on non-applicability of higher withholding tax rate

Aug 17, 2022

In the Air India Limited case, the Delhi High Court has, once again, reiterated that for payments made by an Indian tax resident to a non-resident, the Indian payor will be correct in applying the withholding tax rate prescribed under the double taxation avoidance...

The Twitter v. Musk dispute has highlighted the importance of efficient contracting

Aug 2, 2022

Download .pdf Mergers and Acquisitions (“M&A”) are strategic business collaborations that form an indispensable part of the corporate world. Parties have to mutually consent upon key terms and considerations regarding the target’s business before closing the deal....

New “Work From Home” rules in Special Economic Zones may lead to tax holiday disallowance

Jul 28, 2022

Download .pdf Recognizing the prevalence of flexible hybrid working models and taking into account industry demands, the Ministry of Commerce and Industry, Government of India, has introduced a new Rule 43A – “Work from Home” in the Special Economic Zones Rules, 2006...