x

Articles

Our attorneys and specialists remain up-to-date with the latest legal developments and offer their perspectives and critical commentary.

articles

Incentive by State Government is disincentive to excise assessees

15 September 2014

The Supreme Court in Super Synotex [see end note1] case had considered the Sales Tax Incentive Scheme extended by State of Rajasthan.

International Trade & WTO

Emerging jurisprudence in export restraint measures in trade

15 September 2014

Export restraints generally refer to measures imposed by an exporting country on the export of certain goods which may take the form of export quotas, duties, and licensing or minimum price requirements.

Direct Tax

TDS default on payments made to non-residents – Disallowance @ 30%?

22 August 2014

Tax reforms can play a decisive role in supporting growth, by removing distortions, enhancing transparency and ensuring certain level of stability in the area of international taxation.

Intellectual Property Rights

Compulsory license – High Court upholds IPAB Order

22 August 2014

The Division Bench of the Bombay High Court by its recent order [see end note 1] dated 15th July, 2014 upheld the order of the Intellectual Property Appellate Board (IPAB) [see end note 2] dated 4th March, 2013 granting a compulsory license to Natco Pharmaceuticals (Natco) under Section 84 of the Patents Act, 1970 (the Act).

Corporate Advisory

Understanding Corporate Social Responsibility (CSR)

22 August 2014

The Companies Act, 2013 (CA 2013) has introduced path-breaking changes in  governance mechanisms, compliances and disclosures, appointment and scope of  auditors, responsibilities of independent directors, investor protection  and mergers and acquisitions.

Compulsory pre-deposit & complete withdrawal of discretion to grant stay

19 August 2014

One of the important changes made as part of the amendments brought by Finance (No. 2) Act, 2014 is the amendment to the provisions relating to pre-deposit and grant of stay in Customs, Excise and Service Tax laws. 

International Trade & WTO

Procedural conundrum of Indian safeguard law

07 August 2014

Even though the mechanism set up by India in applying the provisions of Article XIX of GATT and Agreement on Safeguards (AOS) in India through its domestic safeguard provisions [see end note 1] satisfy the basic requirements required for its implementation, however, when compared to other countries, there remain a lot of procedural loop-holes still to be filled in to make the safeguard investigation process more transparent and clear.

International Trade & WTO

US provisions violate WTO’s SCM agreement – DSB Panel

07 August 2014

The Panel composed by Dispute Settlement Body of the World Trade Organization (Panel) in United States – Countervailing Measures on certain Hot-rolled carbon steel flat products from India released its report on 14-7-2014. The dispute was filed by India in 2012 and it relates to WTO compatibility

Intellectual Property Rights

Registration of license / assignment deed under the Patents Act - Mandatory or not?

07 August 2014

A license agreement or an assignment deed is an agreement between a right holder and the licensee and/or assignee wherein the right holder permits the licensee and/or assignee to use rights owned by the right holder in exchange for a consideration, whether in the form of a one-time settlement or a periodic royalty.

Legal status of clarifications through Budget instructions of CBEC

23 July 2014

In this year’s budget, i.e. Budget 2014-15, the Joint Secretary, Tax Research Unit [JS (TRU)-I], Central Board of Excise & Customs [‘CBEC’ or ‘Board’], has sought to clarify the legal position involving interpretation of certain Customs and Central Excise notifications through an annexure to his covering letter [see end note 1] addressed to the Chief Commissioners and Commissioners of Customs and/or Central Excise.

Direct Tax

Tax treatment of exchange fluctuation loss on ECB

23 July 2014

One of the most apprehensive subjects for India for last couple of years has been the dwindling rupee value which besides triggering inflation and broadening the current account deficit has also augmented certain tax related issues.

International Trade & WTO

Investment protection - Investing in confidence

23 July 2014

The divergence between a nation’s domestic laws and the provisions in international treaties is not something new.

Satellite Communications Policy in India – Time to revisit and revise

23 July 2014

Recently, the Indian Space Research Organization, popularly known as ISRO, launched a PSLV C-23 rocket carrying a French Earth Observation Satellite along with four other satellites belonging to Germany, Canada and Singapore.

Intellectual Property Rights

Is new hardware required for patenting computer implemented inventions in India?

20 June 2014

Interpretation of Section 3(k) of the Patents Act, 1970 (the Act) that imposes an absolute bar on patentability of business methods, mathematical methods, algorithms and computer programs per se continues to remain a contentious issue for applicants and IP professionals in India.

Corporate Advisory

Committees under the Companies Act, 2013

17 June 2014

With an eye on improving governance the Companies Act, 2013 (2013 Act) mandates a number of Board committees for specified companies for audit, nomination and remuneration, Corporate Social Responsibility and stakeholders relationship. Clause 49 of the Listing Agreement also envisages such committees for listed entities.

How impartial is service tax law to partial constructions?

11 June 2014

Section 66E(b) of the Finance Act, 1994 enacted pursuant to the introduction of the negative list regime with effect from 1-7-2012 reads as under:

International Trade & WTO

Unforeseen developments under safeguard investigations – International standard and Indian practice

06 June 2014

By Tarun Bhati Introduction WTO Members who initiate and conduct safeguard investigations are required to abide by the requirements of both, the WTO Safeguards Agreement as well as GATT, Article XIX. Article XIX: 1(a) of GATT states, in relevant part, as follows: “If, as a result of unforese

Intellectual Property Rights

Issue of design-copyright interface – A ‘triable issue’

26 May 2014

The High Court of Madras, in a recent decision in the matter of Standard Corporation India Inc., v. Tractors and Farm Equipment Ltd [see end note 1].

Securities Laws

The perfect Share Purchase Agreement

16 May 2014

Share Purchase Agreements (SPA) come in different colors and shapes - long, short, detailed, complicated, conditional, two or multi-party. One common thread is the need to make SPAs balanced and most importantly, enforceable.

Browse articles