Legal Angle

The introduction of GST in India was a dramatic change for taxpayers, tax professionals, revenue authorities and the Courts. GST is one of independent India’s most significant economic reforms....
Oct 05, 2018
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With the notification of the Limited Liability Partnership Act, 2008 (LLP Act) on 31 March 2009, the concept of a limited liability partnership (LLP) as a ‘hybrid corporate vehicle’ was introduced...
Sep 05, 2018
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Under the erstwhile foreign exchange laws, foreign direct investment (FDI) in a manager or sponsor of an alternative investment fund (AIF) was permitted under the automatic route, subject to...
Jul 26, 2018
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On 6 June 2018, the Central Government issued another ordinance amending the Insolvency and Bankruptcy Code, 2016 (IBC). This is the third instance in a little more than half a year, of the IBC...
Jul 13, 2018
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Under Indian exchange control laws, foreign investment in ‘other financial services’ which are regulated by any financial sector regulator (i.e., RBI, Sebi, IRDAI, PFRDA, NHB, etc) is permitted...
Jun 05, 2018
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As the National Company Law Tribunal (NCLT), the quasi judicial body which has been set up to fast-track issues related to Indian corporates, seems to be heavily preoccupied with the Insolvency and ...
May 16, 2018
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The world is struggling to manage its plastic waste. Oceans are brimming with plastic, rivers are getting chocked, animals are dying due to plastic ingestion and we are falling short of land to...
May 11, 2018
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The National Company Law Appellate Tribunal, in a recent judgment Achintya Kumar Barua vs. Ranjit Barthkur, has held that “Section 173(2) of the Companies Act, 2013 (2013 Act) gives rights to a...
Apr 24, 2018
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India is not a stranger to luxury. Earlier, this was restricted to the privileged few. However, as India of the 21st century aspires to rank amongst global manufacturers and service providers,...
Mar 27, 2018
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The need for a regulatory policy that allows Indian companies to have easy access to advanced technology and know-how has been long recognised and from time to time the policy has been liberalised...
Mar 07, 2018
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A hostile takeover by an ‘insider’ appears counter-intuitive. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015 (Insider Trading Regulations) bars an...
Dec 07, 2017
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In a welcome move, the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017 have been noti­fied with effect from 16 August 2017...
Sep 28, 2017
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Indian corporates are in the process of changeover to a new set of accounting standards called the Indian Accounting Standards (Ind AS). The roadmap regard­ing application of Ind AS is based on...
Sep 01, 2017
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