India expands the ambit of its money laundering law and imposes responsibilities on professionals
Download .pdf Background Through notifications issued in May 2023, the Ministry of Finance, Government of India, has widened the scope of the...
Fast track mergers now have a definite timeline
Download .pdf Background Section 233 of the Companies Act, 2013 permits fast-track mergers of certain classes of companies such as: (i) start-up...
Hyderabad Tribunal rules that receipt of shares in a scheme of amalgamation is taxable
Download .pdf In a recent ruling, the Hyderabad Income Tax Appellate Tribunal (the “Tribunal”) has, in the Vertex Projects case, held that if shares...
India’s Space Policy – The Government continues to push for more Private Sector participation
Download .pdf Indian Space Research Organization (“ISRO”) issued the Indian Space Policy - 2023 (the “Space Policy”) on April 20, 2023, after it...
SEBI allows LPs to choose the AIF investments they want to participate in
Download .pdf Introduction In a circular issued last month (the “Circular”), the Securities and Exchange Board of India (the “SEBI”) has allowed...
India’s Supreme Court rules on the maintainability of proceedings against auditors after their resignation
Download .pdf In a recent ruling, India’s Supreme Court has held that an enquiry or proceeding against an auditor of a company under Section 140(5)...