Legal Alerts

  • Client Update October’ 13

    In Brief: The Companies Act, 2013 (the “2013 Act“) received Presidential assent on August 29, 2013 and replaces the Companies Act, 1956 (the “Old Act“).
    In the 2013 Act, many new provisions have been made which may have a significant impact on the way business is conducted in India.
    In this update, we discuss about the company management, governance and administration under 2013 Act. Read more


  • Client Alert on, September’ 13

    In Brief: The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012 (the “Bill“) was passed by the Lok Sabha and the Rajya Sabha on August 29, 2013 and September 04, 2013 respectively. The Bill will replace the Land Acquisition Act, 1894 that suffers from various shortcomings, including silence on the issue of resettlement and rehabilitation of those displaced, and it rests on three main pillars: (i)consent, (ii) compensation and; (iii) rehabilitation/ resettlement. The Bill also introduces a number of unique and far reaching safeguards to look after an individual’s right to his or her personal property from arbitrary and indiscriminate acquisition.
    In this Bill, many new provisions have been made which may have a significant impact on the way business is conducted in India.
    In this update, we discuss the salient features of the Bill. Read more


  • Client Update May’ 13

    1. ARBITRATION & LITIGATION PETITION UNDER SECTION 9 OF THE ARBITRATION AND CONCILIATION ACT,1996 IS NOT MAINTAINABLE AFTER THE AWARD IF THE CLAIM HAS BEEN DISMISSED.
    2. BANKING & FINANCE THE RESERVE BANK OF INDIA GUIDELINES FOR LICENSING OF NEW BANKS IN THE PRIVATE SECTOR.
    3. INTELLECTUAL PROPERTY INDIA JOINS MADRID PROTOCOL SYSTEM; GUIDELINES FOR PROCESSING OF PATENT APPLICATIONS RELATING TO TRADITIONAL KNOWLEDGE AND BIOLOGICAL MATERIAL.
    4. TAXATION CAPITAL GAINS ARISING OUT OF TRANSFER OF SHARES OF A NON-RESIDENT COMPANY BETWEEN TWO NON-RESIDENTS NOT TAXABLE IN INDIA.
    5. TRADE & INVESTMENT FOREIGN DIRECT INVESTMENT POLICY FOR 2013.

    Read more


  • Client Update January’ 13

    1. BANKING & FINANCE BANKING LAWS AMENDMENT BILL, 2012
    2. CORPORATE THE COMPANIES BILL, 2012
    3. TAXATION DOUBLE TAX AVOIDANCE AGREEMENT BETWEEN INDIA AND UK AMENDED
    4. TRADE & INVESTMENT LOANS TO NON RESIDENTS / THIRD PARTIES AGAINST SECURITY
    OF NON RESIDENT (EXTERNAL) RUPEE ACCOUNTS/ FOREIGN
    CURRENCY NON RESIDENT (BANK) ACCOUNTS DEPOSITS
    EXPORT OF GOODS AND SOFTWARE –REALISATION AND
    REPATRIATION OF EXPORT PROCEEDS – LIBERALISATION
    LIAISON OFFICE /BRANCH OFFICE IN INDIA BY FOREIGN ENTITIES
    – REPORTING TO INCOME TAX AUTHORITIES

    Read more


  • Recent Legal Developments May’ 11

  • Recent Legal Developments January’ 11

  • Recent Legal Developments Nov 2010

  • Recent Legal Developments Oct 2010