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


Corporate Advisory

Relief to disqualified directors under the Companies Act, 2013

March 11 2019

By Tanya Sharma and Anantha Desikan Section 164 of the Companies Act, 2013 (“Companies Act”) deals with the eligibility criteria for appointment of a director in a company and one of the eligibility criteria is that in case a comp

Securities Laws

Banning of Unregulated Deposits Schemes Ordinance, 2019

March 11 2019

By Sudish Sharma and Vishakha Singh Indian economy in the recent times has witnessed a plethora of fraudulent corporate malpractices. The issue of illegal deposit-taking activities has been a concerning one, causing various fi

International Trade & WTO

Analysis of “Material Retardation”: A WTO jurisprudential perspective on DGTR’s recent findings

February 27 2019

By Greetika Francis The Directorate General of Trade Remedies (DGTR) in India has had scant opportunity to address situations of injury in the form of “material retardation to the esta

Intellectual Property Rights

Punitive damages in trademark infringement suits

February 26 2019

By R. Parthasarathy & Gunjan Hans “The disobedience or breach of an injunction has to have consequences in law. If strict action is not taken, orders of Courts would not be complied with by litigants&hellip

Goods and Services Tax

Revision of returns & forms – Need for amendments

February 25 2019

By Nipun Arora GST is about to complete twenty months since implementation. Initially, it was expected that it will take an approximate time-period of two years for the industry to fully comprehend GST and be compliant with the provisions of GST law. Howev

Goods and Services Tax

Liability to pay interest – An interesting interpretation

February 25 2019

By Rahul Jain & Rohan Muralidharan Under the GST regime, the rate of interest levied for failure on the part of the assessee to pay the tax within the due date is a staggering 18% as opposed to interest on delayed refunds at 6%. The issue

Direct Tax

Taxes on Online Gaming: Resolving the TDS Anagram

February 19 2019

By Neha Sharma Online gaming combines both traditional as well as innovative games, in which players or users are engaged by the portals/ operators using technology and internet. Though online gaming and offline/ live versions have significant funct


Corporate Insolvency Resolution Proceedings under IBC are independent of winding-up proceeding under Companies Act, 1956

February 06 2019

By Ankit Parhar In Forech India Ltd. v. Edelweiss Assets Reconstruction Co. Ltd.[See endnote 1], the Supreme Court has held that an Insolvency Petition may be filed against a corporate debtor irrespective of the pendency of a winding-up pet

Securities Laws

Indemnity clause in a Share Purchase Agreement

February 06 2019

By Anurag Pareek Introduction Indemnity is the promise by one to compensate for any loss, liability or damage incurred by another due to an act or omission on the part of one or of some third person or an eve

International Trade & WTO

Manual of Operating Practices for trade remedy investigations - A step towards transparency

January 24 2019

By Neeraj Chhabra In a significant step towards transparency, the Directorate General of Trade Remedies (“DGTR”) has recently issued Manual of Operating Practices (“manual”) for trade remedy investigations and Handbook

Direct Tax

Liaison Office as PE under India-US DTAA

January 21 2019

By Tanmay Bhatnagar A liaison office is defined under the Foreign Exchange Regulations as a place of business, which is meant to merely act as a channel of communication between the Head Office and other entities in India. Such liaison office is not

Securities Laws

Liquidated damages in Share Purchase Agreements

January 17 2019

By Anurag Pareek Liquidated damages (LDs) are the pre-estimated sum to be paid by way of compensation in the event of breach of a stipulated term of the contract. Share purchase Agreements (SPAs) frequently provide for LDs in the event of certain br

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