William Gibson's seminal cyberpunk science-fiction novel ‘Neuromancer’ (1984) is often cited for its comment on the accessibility of technological innovations for the masses, artfully captured by the phrase “the...

India's insurance sector is experiencing remarkable growth, poised to reach USD$ 222 billion by 2026 according to projections by the Insurance Regulatory and Development Authority of India (IRDAI), positioning it as the...

As India prioritizes wellness and self-care, its cosmetics market, especially skincare and haircare products, is thriving. South Korean beauty products (K-Beauty), whether under Indian brands or Korean labels, are...

On the night of February 21, 2024, the Union Cabinet, in a historic move, announced its decision to amend the Foreign Direct Investment (FDI) policy in the space sector, by creating new sub-sectors with different entry...

In response to longstanding stagnation, the Karnataka state government, on February 03, 2024, notified the Karnataka Stamp (Amendment) Act 2023, revamping stamp duty rates for more than 50 legal instruments, including...

After land, water, and air, space is the next (last?) frontier that the sovereign states set to explore. The space race started from the launch of Sputnik I in 1957 for exploration and warfare, to now being pursued by...

In a move to make India a hub for global capital flow, Gujarat International Finance Tech-City (“GIFT City”) was established by the Government of India in April 2015 near Gandhinagar, Gujarat, pursuant to the...

The implementation of environmental, social, and governance (ESG) regulatory frameworks is being increasingly prioritized by regulatory bodies to address concerns about greenwashing and misallocation of capital. A...

With the dynamic and ever-evolving landscape of global markets in the post-pandemic world, global players are looking for new destinations to relocate their supply chains and manufacturing hubs. While each business has...

With the resurgence of ayurveda (now at a global level) and renewed interest in nutraceuticals and supplements that are more ‘natural’ in origin, there was a growing demand for biological resources, along with a...

Our latest edition of the fintech newsletter addresses the most important developments in June 2023 in the fintech space. This edition highlights key regulatory changes that are significant for both regulated as well as...

India has seen remarkable successes in its space program and is home to many space entrepreneurs. The Indian Space Policy 2023, released by ISRO is a significant step towards the comprehensive regulation of the space...

Fintech’s potential to transform the delivery of financial services continues to take more meaningful strides as India is embracing global breakthroughs in artificial intelligence (“AI”) and machine learning...

Nearly a decade after the digital lending space first saw default loss guarantee arrangements, they seem to have received regulatory blessing from the Reserve Bank of India, with the issuance of the Default Loss...

We are pleased to share our Newsletter covering key legal, regulatory and policy updates from India for the quarter of January 2023 to March 2023.

As evident from its name, the Drugs, Medical Devices and Cosmetics Bill, 2022 seeks to regulate both drugs and medical devices.

The continuous advancements in the fintech sector in the recent past has led to some key developments in this space, which has influenced the landscape of financial services in India. In this issue of the fintech...

Regulators, investors and businesses are progressively aligning on the need to devise a robust regulatory framework detailing environmental, social and governance related norms and processes. In an attempt to streamline...

The fintech industry continues to evolve at an unprecedented pace, driven by advances in technology, changing consumer preferences, and regulatory developments. We at INDUSLAW have been closely monitoring these...

Many Indian companies have historically used restructuring measures involving flipping or externalisation of their business and operations. Economic factors and legal regime, involving such structures have been...

We are pleased to share our Newsletter covering key legal, regulatory and policy updates from India for the quarter of October 2022 to December 2022.

The Finance Bill, 2023 has introduced an amendment to the Angel Tax provisions under the Income tax Act, 1961 in relation to its applicability to non-residents. Induslaw’s Winnie Shekhar, Anantha Krishnan Iyer, and...

Increasing numbers in tax collection clearly show a sign of revival in the economy post the pandemic, which is also on account of the steps taken to reduce tax leakages and the stringent audit measures taken by the Tax...

The Finance Minister Ms. Nirmala Sitharaman will present the Budget 2023 on February 1, 2023, the last full budget before general elections in 2024. As per news reports, direct tax collections were INR 12.31 trillion,...

The RBI launched the pilot project of India’s much awaited Central Bank Digital Currency (CBDC) on 1st December following the release of concept note. INDUSLAW’s Namita Viswanath, Sruthi Srinivasan and Pravi Jain...

INDUSLAW is a multi-speciality Indian law firm with over 50 partners and over 300 lawyers across four offices in Bengaluru, Delhi, Hyderabad and Mumbai. We advise foreign and domestic clients on matters of Indian law in...

On August 22, 2022, the Government of India through the Ministry of Finance and in consultation with the Reserve Bank of India (“RBI”) notified the Foreign Exchange Management (Overseas Investment) Rules, 2022,...

The article aims to highlight the steady expansion of the economic relations between India and Japan that has led to the development of Japanese Industrial Townships (“JITs”) to encourage investment by Japanese...

Introduced with the objective of providing a cost effective means of verification and authentication of the identity of an individual, Aadhaar cards are now one of the most frequently used and accepted identity and...

With the final quarter of the financial year 2021-2022 coming to a close, we note that the Indian fintech sector has witnessed strong growth amounting to a market size of United States Dollars 31 billion. The Reserve...

The Indian regulatory regime has been constantly adapting itself to address the corporate governance issues that have arisen from misuse of related party transactions by Indian companies. The Government, from time to...

The Indian fintech sector provides an optimistic outlook for the upcoming year of 2022. INDUSLAW’s Avimukt Dar, Suneeth Katarki, Namita Viswanath, Shreya Suri, Raghav Muthanna, Aditya Girish Chandra, and Abhijit...

The Ministry of Consumer Affairs, Food and Public Distribution, through the Department of Consumer Affairs, has notified the Consumer Protection (Direct Selling) Rules, 2021 on December 28, 2021 with the aim to increase...

The Indian fintech sector has continued to grow and attract investments. In line with the policy objective of consumer protection and to make digital payment systems more secure and convenient for consumers, the RBI has...

In 2014, the Government of India ("Government")had announced the 'Make in India' initiative ("Make in India") to facilitate investment, foster innovation, enhance skill development, protect intellectual property and...

The Government of India has recently launched 'e-RUPI', a new digital payment solution built on the UPI system. INDUSLAW's Namita Viswanath, Shreya Suri, Shobhika Upadhyay, Maygha Viswanat, and Shantanu Mukul provide an...

The Indian fintech space remains one of the fastest growing sectors, with companies evolving new business models to digitise more aspects of banking and financial services and expand their offerings into overseas...

The Insolvency and Bankruptcy Code, 2016 (“Code”) seeks to consolidate the existing legal framework for debt recovery in India. The Code is an all-encompassing law and provides rules and regulations with respect to...

The Fintech sector in India has continued to grow despite the Covid-19 pandemic and is now one of the largest fintech markets worldwide. INDUSLAW discusses key developments in the Indian fintech space from January 01,...

The RBI has made public certain clarifications with respect to the Guidelines on Regulation of Payment Aggregators and Payment Gateways. INDUSLAW’s Avimukt Dar, Namita Viswanath, Shreya Suri, Anantha Desikan S and...

The usage of cannabis, hemp or marijuana precedes official records, and it is one of the oldest crops thought to have been cultivated. A complex plant with over 400 chemical entities, it remains poorly understood to...

On March 02, 2021, the Governor of Haryana provided his assent to the Haryana State Employment of Local Candidates Act, 2020. While the statute has not been notified yet, its objective is to have employers comprise 75%...

On January 08, 2021, the RBI amended the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 with the aim to introduce certain exemptions related to the aviation sector. Vidit Mehra and Shivani...

INDUSLAW is a multi-specialty Indian law firm with 49 partners and over 180 lawyers across four offices in Bengaluru, Delhi, Hyderabad, and Mumbai. We advise foreign and domestic clients on matters of Indian law in...

In the backdrop of Britain’s departure from the European Union effective January 2021, INDUSLAW’s Avimukt Dar and Shantanu Mukul discuss the major issues arising out of Brexit and the future trade relationship...

Between March 2020 and December 2020, the legislative space in aviation saw several changes, such as amendments to FDI in aviation, the Aircraft (Amendment) Act, 2020, amendments to civil aviation requirements to record...

With the 4 labour codes having received the assent from the President of India, the Ministry of Labour and Employment has successfully consolidated 29 central labour laws into 4 labour codes. In this article, we examine...

The Aircraft (Amendment) Act, 20201 (the “Amendment”) was passed by the Lok Sabha on March 17, 2020, by the Rajya Sabha on September 15, 2020, and received presidential assent on September 19, 2020, thereby,...

On October 28, 2020, the DPIIT after a gap of 3 long years, unveiled the consolidated FDI Policy, 2020. While it seeks to consolidate the extant FDI regime and replaces the older policies, it does not overwrite the...

Despite the recent economic slowdown in India with the extended lock-down, the fintech industry has continued to attract investments, with Covid-19 having fast-tracked adoption of digital solutions by consumers, banks,...

The Reserve Bank of India issued a Press Release on August 18, 2020, placing on its website a 'framework for authorization of pan-India umbrella entity for retail payments'. The Framework is a welcome move by the RBI...

Legislative protections and immunities granted to e-commerce marketplaces over the years have significantly contributed to the continued growth and development of digital platforms for communication, trade and commerce....

The finance minister of India, Smt. Nirmala Sitharaman tabled the Companies (Amendment) Bill, 2020 (the “Bill”) before the Lok Sabha on March 17, 2020, to introduce certain modifications to the Companies Act, 2013...

The Government of Haryana has amended the Factories Act, 1948 in respect of its applicability to the State of Haryana vide gazette notification dated July 20, 2020. Since the State of Haryana has several manufacturing...

Product liability law provides the consumers with legal recourse for any injuries suffered from a defective product. It is estimated that millions of people around the globe are negatively affected by defective products...

The Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2020[1] were introduced on July 27, 2020, which among other things, passes the baton from the government of India back to the RBI, for...

The governor of Karnataka on July 31, 2020, promulgated the Industrial Disputes and Certain Other Laws (Karnataka Amendment) Ordinance, 2020 in order to facilitate and boost ease of doing business in Karnataka....

On July 29, 2020, the Union Cabinet approved the National Education Policy 2020 (“NEP”), which replaces the 34 years old National Policy of Education, 1986. The objective of the NEP is to transform the country into...

The Government of India recently issued notifications on July 15, 2020 and July 23, 2020 for enforcement of the Consumer Protection Act, 2019 (CPA 2019). The CPA 2019 was published in the official gazette of India on...

The central government as well as state governments have been, in the recent past, introducing several amendments to labor and employment statutes to ease the financial burden on employers. This has been done in view of...

The Hon’ble Supreme Court, on Friday, June 12, 2020, pronounced its order in the matter concerning the petitions filed by private companies challenging the Ministry of Home Affairs order dated March 29, 2020 which...

With a view to provide relief to employers and increase the take-home salary for employees, both employer and employee contribution rates have been reduced from 12% to 10% for the months of May, June, and July of 2020...

Despite the economic slowdown due to the COVID-19 pandemic, the Indian fin-tech sector has done exceedingly well this past quarter, with uninterrupted innovation and investments in the space. Fin-tech enterprises...

On April 27, 2020, the Ministry of Finance notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2020 (the 'Amendment') to amend the Foreign Exchange Management (Non-debt...

As the governments may look at easing restrictions to allow further businesses to reopen, employers need to be mindful of legal and practical considerations with respect to ensuring health and safety aspects at their...

As the world continues to make efforts to recover from the impact of COVID-19, business in India are also preparing to commence operations, soon after relaxation from the lock down is provided or the same is removed and...

While steps are being taken to address the COVID-19 situation, and hopefully, establishments and factories will return to business soon, it would be prudent that employers, while dealing with the crisis in hand, may...

The RBI has decided to comprehensively regulate the activities of payment aggregators and provide baseline technology-related recommendations to payment gateways. The substantive Guidelines come into effect from April...

The delivery and administration of health care largely rests with individual states in India as health care is a state subject. In view of the fact that World Health Organization on March 11, 2020, declared the...

With the WHO declaring the Coronavirus outbreak a global pandemic, and with confirmed cases in India rising daily, the Government of India and the Government of Karnataka have issued advisories and circulars for...

The law concerning gig economy has seen transformational changes in the year 2019. This article discusses the developments in the law relating to gig economy in the USA and India. This is in continuation of our earlier...

With coronavirus cases in India increasing, it is becoming important for employers to ensure, as part of their statutory obligations or otherwise, that the workplace continues to be a safe and healthy environment....

In its financial stability report dated December 27, 2019, the Reserve Bank of India (the 'RBI') proposed the New Umbrella Entity (the 'NUE') for retail payment systems, to offer alternative digital retail payment...

On February 03, 2020, the Ministry of Corporate Affairs notified Sections 230(11) and Section 230(12) of the Companies Act, 2013 along with the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules,...

The fin-tech sector in India has been witnessing increased attention and growth on account of digital inclusion, technological innovations, and interest from second-time entrepreneurs like Kunal Shah (FreeCharge and...

On January 6, 2020, the Insolvency and Bankruptcy Board of India (the 'IBBI') notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 (the 'Amendment') to further amend...

In furtherance of ease of doing business in India and in order to capture the changes which had been introduced by Press Note 4 of 2019, the Central Government on December 5, 2019, notified the Foreign Exchange...

The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the 'Rules'), the Foreign Exchange Management (Debt Instrument) Regulations, 2019 (the 'Debt Regulations'), and the Foreign Exchange Management (Mode...

The fin-tech sector has rapidly expanded out of the back-end technology used by large financial institutions, to cover all emerging technological innovations having a bearing on financial services. The fin-tech...

The Securities and Exchange Board of India ('SEBI') has notified the SEBI (Foreign Portfolio Investors) Regulations, 2019 (the 'Regulations') on September 23, 2019, in supersession of the SEBI (Foreign Portfolio...

On September 17, 2019, the Securities and Exchange Board of India notified the amendments to the insider trading regime by notifying the SEBI (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 to...

On August 28, 2019, the Union Cabinet approved the proposal for amending certain provisions of the FDI Policy, suggesting relaxation of FDI norms for various sectors. INDUSLAW's Akhoury Winnie Shekhar, Jaidrath Zaveri...

With an aim to boost the economy, the Ministry of Corporate Affairs issued a notification to amend the Companies (Share Capital and Debentures) Rules, 2014, through which the rules for issue of equity shares with...

On August 28, 2019, the EPF Department issued a notice to all Additional Central Provident Fund Commissioner (Zones) and Regional Provident Fund Commissioners (Regional Offices) prescribing...

On August 23, 2019, the Ministry of Labour and Employment proposed to amend the Employees Provident Fund and Miscellaneous Provisions Act, 1952, by way of the Employees Provident Fund and Miscellaneous Provisions...

The Ministry of Corporate Affairs has notified the Companies (Amendment) Act, 2019, considering the changes brought in by the Companies (Amendment) Ordinance, 2018, the Companies (Amendment) Ordinance Act, 2019 and the...

The Insolvency and Bankruptcy Board of India has notified amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the IBBI (Liquidation Process) Regulations, 2016 on July 25,...

In continuation of its efforts to simplify the existing ECB regime in India, the RBI issued a circular on July 30, 2019, through which it has relaxed the ECB end-use restrictions for corporates and NBFCs by permitting...

The Union Cabinet, on July 3, 2019, passed the Code on Wages, 2017, which amalgamates, simplifies and rationalizes the provisions of the Payment of Wages Act, 1936, the Minimum Wages Act, 1948, the Payment of Bonus Act,...

The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 stipulates that all entities with more than or equal to 10 employees should constitute an Internal Committee towards...

The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 stipulates that all entities with more than or equal to 10 employees should constitute an Internal Committee towards...

The Government of Gujarat introduced the Gujarat Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2019, which came into effect on May 1, 2019. With this, the Gujarat Shops and...

Under the Employees State Insurance Act, 1946, the contribution, at a specified rate, payable to the ESI Corporation in respect of an employee comprises both the employer and employee contributions. Until recently, the...

On May 25, 2019, the Government of Karnataka issued a notification to extend the exemption from the applicability of the Industrial Employment (Standing Orders) Act, 1946 for another 5 years to certain industries,...

In March 2019, the Draft National e-Commerce Policy was introduced, which delved into e-commerce issues relating to encompassing data, infrastructure development, e-commerce marketplaces, regulatory issues, stimulating...

The Voluntary Retention Route announced by the RBI at the beginning of March gives FPIs the opportunity to subscribe for Indian corporate debt, free from the concentration and single issue restrictions introduced in the...

Proposed amendments to the rules governing online intermediaries were published at the end of 2018, intending to curb the posting of illegal online content and increase accountability. INDUSLAW shared its views with the...

The Telecom Regulatory Authority of India recently released a consultation paper on the regulatory framework for over-the-top communication services, inviting comments from interested stakeholders. INDUSLAW shared its...

Towards the end of last year, SEBI provided its in-principle approval to amend the regulations relating to technology start-ups raising capital on the Institutional Trading Platform, a stock exchange for nascent...

On January 16, 2019, the RBI revised the external commercial borrowing policy, essentially restructuring the regime into foreign currency and Indian Rupee debt. In particular, the new regime significantly broadens the...

During 2018, our lawyers shared their thoughts on a number of major legal developments impacting the Indian economy, spanning a wide arc from data usage and data protection to insolvency resolution and foreign...

On December 26, 2018, the DIPP issued a press note to introduce key changes to the conditions applicable to e-commerce marketplace entities to receive FDI under the FDI Policy. This will come into force on February 1,...

Even though loyalty and reward programs offered by marketplaces are currently operating in an unregulated environment, there is a fine line of differentiation in the way semi-closed system pre-paid instruments and...

India's space programme, spearheaded by the ISRO has achieved a number of milestones over the years, proving that space is no longer the final frontier. In this context, the Department of Space tabled a draft Space...

The media and entertainment industry has consistently grown and continues to grow at a global level, particularly with the advent of new mediums for distribution, supported by dynamic technological advancements. The...

The Supreme Court of India recently upheld the validity of the TRAI's Regulations and Tariff Order introduced in 2017, primarily dealing with the manner in which broadcasters and distributors could package, market and...

On October 16, 2018, the RBI issued guidelines for the interoperability of know-your-customer compliant prepaid payment instruments, which were widely anticipated ever since the RBI issued master directions on this...

The recent judgement of the Supreme Court of India, upholding the validity of Aadhaar while striking out parts of the Aadhaar Act which permitted body corporates to use the Aadhaar number of an individual for...

The Negotiable Instruments (Amendment) Act, 2018 (the "Amendment") was recently passed by parliament and came into effect from September 1, 2018. It introduces substantial changes to the Negotiable Instruments Act, 1881...

At the end of September, the Supreme Court of India upheld the validity of the Aadhaar Act, 2016 to the extent it related to using an individual's Aadhaar number for receipt of subsidy, benefit or service from the...

The draft amendment to the Drugs and Cosmetic Rules, 1945 (the "Draft E-pharmacy Rules") was published by the Department of Health and Family Welfare under the Ministry of Health and Family Welfare...

The Supreme Court of India recently struck down parts of Section 377 of the Indian Penal Code, 1860, which criminalized sexual intercourse against the order of nature. INDUSLAW's Avik Biswas and Savithran Ramesh analyse...

The Specific Relief (Amendment) Act which came into force at the beginning of August broadly makes specific performance a general rule, rather than a limited right and limits court intervention in relation to...

The Reserve Bank of India (the "RBI"), on September 1, 2018, released a user manual (the "SMF Manual") to clearly set out the procedure for filing a single master form (the "SMF"), which it introduced on June 7, 2018,...

On August 27, 2018, the Directorate General of Civil Aviation (the "DGCA"), under the Ministry of Civil Aviation (the "Aviation Ministry"), introduced regulations (the "Drone Regulations") to set out the civil aviation...

In March 2018, the Union Cabinet approved the introduction of the Banning of Unregulated Deposit Schemes Bill, 2018 (the 'Bill') and on 18 June 2018, the Bill was tabled before the Lok Sabha. The Bill provides...

The Prevention of Corruption Act, 1988 (the 'Act') was recently amended by the Prevention of Corruption (Amendment) Act, 2018 (the 'Amendment Act'). Most of the amendments are aimed at tightening up the existing...

In April this year, the Reserve Bank of India (the 'RBI') issued a notification prohibiting the use of virtual currencies, preventing entities regulated by the RBI from dealing with virtual currencies or...

On June 7, 2018, the Reserve Bank of India (the 'RBI') issued a circular (the 'Circular'),1 introducing a single master form (the 'SMF') to integrate the existing reporting norms for various types of foreign investment...

In June 2017, the Securities and Exchange Board of India ('SEBI') constituted a committee on corporate governance under the chairmanship of Mr. Uday Kotak, to improve standards of corporate governance of listed entities...

The Ministry of Finance has announced minimum foreign direct investment ("FDI") limits applicable to unregulated or partially regulated investee entities under the Government approval route in the "other financial...

In an attempt to clarify the position in relation to the law relating to cross-border mergers in India, the Reserve Bank of India (the 'RBI') has notified the Foreign Exchange Management (Cross Border Merger)...

In an attempt to promote investment activities and to liberalize the procedures relating to trade credits for imports, the Reserve Bank of India (the "RBI") in 2004, had granted permission to authorized dealer banks...

Earlier in January, the Insolvency and Bankruptcy Code (Amendment) Act (the "Amendment Act") came into force amending the Bankruptcy and Insolvency Code, 2016 (the "Code"), by substantively incorporating changes...

In an attempt to simplify, consolidate and clarify the regulations relating to foreign direct investment ('FDI') in Indian entities by foreign investors, the Reserve Bank of India (the 'RBI') notified the Foreign...

In an attempt to bring the reporting requirements relating to the Foreign Exchange Management Act, 1999 (the 'Act') in line with the recently-introduced Foreign Exchange Management (Transfer or Issue of any Foreign...

The Union Cabinet, on January 10, 2018, approved certain key amendments to the Consolidated FDI Policy Circular of 2017 (the 'FDI Policy'). The amendments aim to further liberalize and simplify the FDI Policy to create...

The Reserve Bank of India (the 'RBI') has published responses to frequently asked questions ('FAQs') regarding the Master Directions ' Non-Banking Financial Company ' Peer to Peer Lending Platform (Reserve Bank)...

For over a decade now, Indian banks and non-bank entities have been issuing prepaid payment instruments ('PPIs') after obtaining necessary approvals from the Reserve Bank of India (the 'RBI') under the Payment and...

The Reserve Bank of India (the 'RBI') altered certain norms relating to the issuance of rupee denominated bonds (commonly known as 'masala' bonds) in the overseas market ('Rupee Bonds') pursuant to two circular's dated...

By way of Press Note No. 1 of 2017, the Department of Industrial Policy and Promotion (the 'DIPP') on August 28, 2017, released the consolidated foreign direct investment policy circular for 2017 (the '2017 FDI Policy')...

Suggesting that the Indian corporate bond market's exposure to foreign investors may be overheating, the Securities Exchange Board of India issued a circular on 20 July 2017 temporarily suspending the overseas issue of...

Earlier this month, the Reserve Bank of India (the 'RBI') published certain norms relating to the issuance of rupee denominated bonds (also commonly known as 'masala' bonds) in the overseas market ('Rupee Bonds')...

The Parliament passed cornerstone legislation at the beginning of April, keeping the implementation of the new GST regime on track. The Acts essentially implement the intention of the Amendment, clearing the way for new...

Recently, the Delhi High Court (the "Court") passed a landmark judgment while deciding a petition seeking enforcement of a foreign arbitral award.

India's finance bill for the financial year 2016-2017 (the "Bill") was presented by the Finance Minister on February 1, 2017 and approved by the Lok Sabha with certain modifications on March 22, 2017. The Lok Sabha...

The Reserve Bank of India ("RBI") has classified digital wallets as "Prepaid Payment Instruments" (hereinafter "PPI" or "Issuer") which refers to payment instruments that facilitate purchase of goods and services,...

India's Finance Minister presented the Union Budget 2017-2018 (the "Budget") before Parliament on February 1, 2017, with promises to boost rural spending and cut taxes for the lower middle classes and small to medium...

In an effort to harmonise municipal laws, rules and regulations governing the trade of electricity, the Ministry of Power (the "MoP") issued on 5 December, 2016 guidelines for cross border trade of electricity (the...

On December 1, the Ministry of Corporate Affairs notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (the “Regulations”) to govern...

The Reserve Bank of India (the “RBI”) has issued a circular to address the special circumstances that have emerged after the demonetization drive (the “Circular”).

"One Country, One Tax, One Market" were the excited claims of the architects of the Constitution (One Hundred and First) Amendment Act, 2016, passed by the Rajya Sabha on 3rd August 2016 and the Lok Sabha on 8th August...

During the Month of November 2016. The Gist Of GST - A Unified Indirect Tax Market? (India) from IndusLaw won the award for this category.*

The Government of India took unprecedented action at midnight on November 8, 2016 to effectively demonetize Rs. 500 and Rs. 1,000 notes (together "High Denomination Notes") as legal tender, withdrawing them from...

The Constitution (122nd Amendment) Bill, 2014 (the “Bill”) paving the way for the implementation of the unified goods and services tax regime (the “GST”) has been passed by the Rajya Sabha on 3rd...

Earlier this month, the government of India eased restrictions on foreign direct investment ("FDI") in India with a view to promoting the 'Make in India' and 'Startup India' initiatives. The reforms are wide ranging and...