Publisher:
LexBlog
Publication date:
2019-10-11

Latest documents

  • CBDT delays relief to taxpayers facing double taxation in India: Review of its recent Circular

      The Pandemic induced strict lockdowns and border closures have given rise to anxiety and confusion amongst taxpayers regarding their tax residency position in India. The Indian Government recognizes the restrictions that the Pandemic has imposed on individuals’ movement to and from India. As a result, many people have been forced to spend more time...

  • Indian Mutual Funds – M&A Wave!

    The Securities and Exchange Board of India (“SEBI”) recently approved amendments to the SEBI (Mutual Funds) Regulations, 1996 (“MF Regulations”) at its December 16, 2020 board meeting, notified on February 4, 2021 through the MF Regulations by way of the SEBI (Mutual Funds) (Amendment) Regulations, 2021, with effect from March 5, 2021. Currently, a Mutual...

  • One-Sided Contractual Terms Constitute Unfair Trade Practice under Consumer Law in India

    INTRODUCTION: A three-judge bench of the Supreme Court, in Ireo Grace Realtech Pvt. Ltd. v. Abhishek Khanna and Ors.[1], has inter alia held that developers cannot compel apartment buyers to be bound by one-sided contractual terms. Finding such one-sided agreements oppressive, the Court has held that the same would constitute an unfair trade practice under...

  • Episode 351: When will Cyberattacks on the Grid Become the New Normal?

    In the news roundup, David Kris digs into rumors that Chinese malware attacks may have caused a blackout in India at a time when military conflict was flaring on the two nation’s Himalayan This leads us to Russia’s targeting of the US grid and to uneasy speculation on how well our regulatory regime is adapted to preventing successful grid attacks. The Biden administration is starting...

  • Studies highlight outbreaks in India and Philippines

    Three studies have been published describing water and foodborne outbreaks in India and the Philippines. The articles, in a supplement of the International Journal of Infectious Diseases, involve Salmonella, Hepatitis A and suspected anthrax. They are accepted conference abstracts that were to be presented at the International Congress on Infectious Diseases in September 2020 in...

  • Serious Fraud Investigation Office – Keeping a close watch on frauds in India Inc

      The Serious Fraud Investigation Office (‘SFIO’) is an organisation established under the aegis of the Ministry of Corporate Affairs (‘MCA’) – for investigation and prosecution of white-collar crimes. The SFIO was constituted in July 2003 following the recommendations of the Naresh Chandra Committee. In 2002, the Naresh Chandra Committee had recommended setting up a...

  • India’s Hindu Nationalist Government Cancels Scheduled Exam On Cows

    New York Times reports that in India, Prime Minister Narendra Modi’s Hindu nationalist government has postponed offering a widely criticized exam on cows for which 500,000 people had already registered: Critics said the curriculum, devised by the National Cow Commission set up by Mr. Modi’s government, was an especially bold move by his ruling party to...

  • Receiving charitable donations? What you should think about.

    Introduction Charitable organisations, irrespective of the scale of their activities, seek and accept donations in various forms. Predictably, payment and receipt of donations, susceptible as they may be to misuse, are subject to regulation in India, and there are multiple legal complexities that need to be navigated through in connection with these. In this article,...

  • Writs Against Orders Passed by Arbitral Tribunals – The Supreme Court Reiterates the Law

     Introduction Recently, a three-judge bench of the Supreme Court in Bhaven Construction v. Executive Engineer Sardar Sarovar Narmada Nigam Ltd. and Anr[1] has observed that the High Courts’ power of interference under Articles 226[2] and 227[3] of the Constitution of India (“Constitution”), in the context of arbitral proceedings, may be exercised in ‘exceptional rarity’. Clarifying...

  • Lessons from India’s Struggles with Corporate Purpose

    The escalating debate over corporate purpose is not confined to developed economies in the West. Rapidly developing economies in nations like India are similarly grappling with how to define and develop a legal framework around corporate purpose. Corporate social responsibility (CSR) and a re-examination of corporate purpose have been at the centerpiece of discussions about...

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