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


Trading of goods under negative list & Cenvat credit

April 16 2015

Under Section 66B of the Finance Act, service tax shall be levied on the value of all services, other than those service specified in the negative list.

Intellectual Property Rights

Process patent litigation in pharma sector – An overview

March 23 2015

Since the inception of the Patents Act, 1970, Indian patent law has been a process patent regime in the field of pharmaceuticals.

Intellectual Property Rights

National IPR Policy - What is the IPR Think Tank thinking?

March 23 2015

The Department of Industrial Policy and Promotion (DIPP) formed a six member committee on 22nd October, 2014 to formulate National IPR Policy.

Budget 2015 & supplies to ICB Projects – Certain Issues

March 16 2015

Supplies against International Competitive Bidding (ICB) have been on the rise with several specified projects being awarded in the recent times. In Union Budget, 2015 itself, five ultra Mega Power Projects have been announced

International Trade & WTO

Time period for completing anti-dumping reviews - An issue in flux

March 16 2015

By Lakshmi Neelakantan The provisions relating to anti-dumping measures under the Customs Tariff Act 1975 (“Act”) and the Customs Tariff (Identification, Assessment & Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (“AD rules”) provide for differen

Direct Tax

ICDS – Will it make an Impact?

March 16 2015

The Central Government is empowered[see end note 1] to notify ‘accounting standards’ under Section 145 of the Act[see end note 2] which need to be necessarily followed while computing income under the head ‘profits and gains of business or profession’ or ‘other sources’.

Securities Laws

The Proposed Watchdog Merger

March 09 2015

While the budget 2015 is being heralded as anywhere between good to excellent, a particular portion of the budget speech caught many a fancy as Mr. Jaitley, Finance Minister announced “I also propose to merge the Forwards Markets Commission with SEBI to strengthen regulation of commodity forward

Direct Tax

Shareholder’s activity – India’s stand

January 29 2015

Subsidiaries of Multi National Enterprises (‘MNEs’) generally avail the services of their group companies for routine business operation and management. 

Intellectual Property Rights

Design registration in India – An overview

January 22 2015

The registration of designs in India is governed by the Designs Act, 2000, which was made effective from May 11, 2001, and the Design Rules, 2001.

Corporate Advisory

Holding-subsidiary loans prohibition - Respite under company law

January 20 2015

On 2nd December, 2014, the Union Cabinet, approved the Companies (Amendment) Bill, 2014 (‘Amendment Bill’) for introduction in Parliament (Lok Sabha) to make certain amendments in the Companies Act, 2013 (‘2013 Act’).  The 2013 Act was brought into force partly on 12th September, 2013

Place of Entertainment – Uncertainty prevails

January 14 2015

With the passage of time, different technologies and standards evolve. Similarly, law cannot stand still; it must change with the changing social concepts and values [see end note 1].

International Trade & WTO

Information Technology Agreement-II – Should India join?

January 14 2015

Recently we saw how two bilateral agreements made the existence of WTO seem more relevant, by infusing more energy in the apex trade body.

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