Author Archives for Ana Law Group

India’s Department of Industrial Policy & Promotion issues a Standard Operating Procedure (SOP) for Foreign Investment Proposals (FIPs). FIPs, earlier approved by the Foreign Investment Promotion Board, will be now approved by administrative ministries under the SOP.

India’s Department of Industrial Policy & Promotion issues a Standard Operating Procedure (SOP) for […]

India’s Competition Commission has removed the deadline to notify M&As which exceed the prescribed financial threshold. M&As can now be notified at any time after the board approval or the acquisition agreement’s execution.

India’s Competition Commission has removed the deadline to notify M&As which exceed the prescribed […]

India has implemented the new Goods and Services Tax (GST) Act, 2017, effective 1 July 2017, to unify the indirect taxes throughout the Indian States, and to eliminate the current loopholes in the tax regime.

India has implemented the new Goods and Services Tax (GST) Act, 2017, effective 1 […]

The Indian Parliament’s Lower House has passed the Finance Bill, 2017 which proposes to amend various statutes and consolidate the tribunals established under them.

The Indian Parliament’s Lower House has passed the Finance Bill, 2017 which proposes to […]

CCI has introduced amendments to the CCI (Lesser Penalty) Regulations, 2009 and sought public comments on providing leniency to whistle-blowers for reporting cartelisation.

CCI has introduced amendments to the CCI (Lesser Penalty) Regulations, 2009 and sought public […]

The draft Information Technology (Security of Prepaid Payment Instruments) Rules 2017, released for public comments, intends to protect the consumer financial information collected by the e-wallet firms or prepaid payment instrument (PPI) companies.

The draft Information Technology (Security of Prepaid Payment Instruments) Rules 2017, released for public […]

The newly notified Trade Marks Rules, 2017 streamlines the trade mark application process in India, reduces the number of forms, introduces declaration of well-known trade marks by the Registrar, and significant changes to the fee structure.

The newly notified Trade Marks Rules, 2017 streamlines the trade mark application process in […]

Bombay High Court’s full bench has ruled that the use of a registered trade mark as a corporate name/trade name/business name in respect of dissimilar goods/services is not an infringement under the Trade Marks Act, 1999.

Bombay High Court’s full bench has ruled that the use of a registered trade […]

The IBBI has released draft rules on voluntary liquidation of companies under the Insolvency and Bankruptcy Code, 2016, seeking public comments until 8 March, 2017.

The IBBI has released draft rules on voluntary liquidation of companies under the Insolvency […]

The Specified Bank Notes (Cessation of Liabilities) Bill, 2017, awaiting final approval in Rajya Sabha, imposes penalty for holding demonetised notes beyond specified limit.

The Specified Bank Notes (Cessation of Liabilities) Bill, 2017, awaiting final approval in Rajya […]

The proposed Medical Devices Rules, 2017 replaces the stringent licensing norms with self-certification to obtain manufacturing license of medical devices in India.

The proposed Medical Devices Rules, 2017 replaces the stringent licensing norms with self-certification to […]

Certain Indian States, including Maharashtra has amended the Contract Labour law and is now applicable to establishments with minimum fifty (50) workmen, instead of twenty (20) workmen.

Certain Indian States, including Maharashtra has amended the Contract Labour law and is now […]

IFSC (International Financial Services Centres) private companies exempted from certain provisions of the Companies Act, 2013, such as private placement restrictions, secretarial standards compliance, etc.

IFSC (International Financial Services Centres) private companies exempted from certain provisions of the Companies […]

Maharashtra Land Revenue Code amended. Non-Agricultural Certificate is no longer required to carry out infrastructural development.

Maharashtra Land Revenue Code amended. Non-Agricultural Certificate is no longer required to carry out […]

Wage ceiling limit increased from INR 15,000 to INR 21,000 per month under the Employees’ State Insurance law to cover larger workforce under the mandatory employee insurance scheme.

Wage ceiling limit increased from INR 15,000 to INR 21,000 per month under the […]

India-Singapore DTAA amended. India can tax capital gains arising from a Singapore tax resident’s alienation of shares of an Indian resident company.

India-Singapore DTAA amended. India can tax capital gains arising from a Singapore tax resident’s […]

All the listed companies undergoing merger/acquisition to obtain clearance from SEBI before approaching NCLT.

All the listed companies undergoing merger/acquisition to obtain clearance from SEBI before approaching NCLT.

SEBI has amended the SEBI (Alternative Investment Funds) Amendment Regulations, 2012 reducing the minimum investment threshold in the start-ups from Rs.50 lakh to Rs.25 lakh.

SEBI has amended the SEBI (Alternative Investment Funds) Amendment Regulations, 2012 reducing the minimum […]

TRAI has introduced a final Consultation Paper supporting Net Neutrality, seeking stakeholder’s views by 15 February 2017.

TRAI has introduced a final Consultation Paper supporting Net Neutrality, seeking stakeholder’s views by […]

Delhi High Court has dismissed PepsiCo’s and Rasna’s trade mark infringement cases for lack of jurisdiction, as the companies did not have their registered offices in Delhi.

Delhi High Court has dismissed PepsiCo’s and Rasna’s trade mark infringement cases for lack […]

RBI has allowed foreign portfolio investors to directly invest in non-convertible debentures/bonds issued by the Indian companies.

RBI has allowed foreign portfolio investors to directly invest in non-convertible debentures/bonds issued by […]

SEBI has notified disclosure norms for Real Estate Investment Trusts (REITs), which require the offer documents to contain financial information, related party transactions, and past performances.

SEBI has notified disclosure norms for Real Estate Investment Trusts (REITs), which require the […]

Ministry of Corporate Affairs (MCA) has notified the remaining provisions under the new Companies Act, 2013 relating to amalgamations, mergers, compromise, arrangements, liquidation and winding up.

Ministry of Corporate Affairs (MCA) has notified the remaining provisions under the new Companies […]

India has signed a revised tax treaty with Cyprus to avoid the double taxation, which allows India to tax the capital gains arising from the transfer of investments made on or after 1 April 2017.

India has signed a revised tax treaty with Cyprus to avoid the double taxation, […]

Delhi High Court’s Division Bench has ruled that intermediaries (such as ISPs, social networking sites, search engines, etc.) are immune from liability against copyright infringement for third party content, unless “actual knowledge of infringement“ on their part is proved.

Delhi High Court’s Division Bench has ruled that intermediaries (such as ISPs, social networking […]

SEBI has notified rules for providing permanent registration to eleven (11) categories of market intermediaries, including merchant bankers, investment advisors, issue and share transfer agents, underwriters, etc.

SEBI has notified rules for providing permanent registration to eleven (11) categories of market […]

RBI has increased the FDI limits in various sectors to 100% under automatic route, including agriculture and animal husbandry, manufacturing, defence, broadcasting carriage services, cable networks, airport projects, pharmaceuticals, etc., subject to certain conditions.

RBI has increased the FDI limits in various sectors to 100% under automatic route, […]

Ministry of Telecommunications has notified the Indian Telegraph Right of Way Rules, 2016 to regulate the underground (optical fibre) and the overground infrastructures (mobile towers).

Ministry of Telecommunications has notified the Indian Telegraph Right of Way Rules, 2016 to […]

RBI has issued draft guidelines on Centralized Hedging Facility for non-resident companies’ Indian subsidiaries.

RBI has issued draft guidelines on Centralized Hedging Facility for non-resident companies’ Indian subsidiaries.

The child labour law of 1986 amended to The Child and Adolescent Labour (Prohibition and Regulation) Act, 1986, restoring the interests and rights of the children and adolescents in India.

The child labour law of 1986 amended to The Child and Adolescent Labour (Prohibition […]

Place of Provision of Service Rules, 2012 Amended: The Online Information and Database Access or Retrieval (the “OIDAR“) obtained in India from person outside India is now subjected to service tax in India.

The child labour law of 1986 amended to The Child and Adolescent Labour (Prohibition and Regulation) Act, 1986, restoring the interests and rights of the children and adolescents in India.

Delhi High Court lifts the ban on 344 fixed-dose combination drugs stating that the Central Government did not appropriately implemented powers under Section 26A of the Drugs and Cosmetics Act, 1940.

RBI has issued the Large Exposure Framework (LEF) on banks’ exposure to large companies effective from 31 March 2019. The RBI has fixed the lender’s total advances to a single company to be not higher than 20 per cent of the bank’s eligible capital base.

The Labour Ministry awaits Parliament approval to make provident fund contributions optional for employees earning less than INR 15000 per month.

IRDA, the Insurance Regulator, widens distribution norms for banks to tie up with multiple life and non-life insurance companies.

SEBI, the Securities Regulator, minimizes paper work for public offer documents.

The Reserve Bank of India allows non-resident Indians to subscribe to National Pension Scheme as an investment option under foreign exchange regulations.

Finance Ministry lowers the withholding tax to 5% on interest income to non-resident investors of rupee dominated bonds.

TRAI, the Telecom Regulator, mandates telcos to compensate the consumers for call drops.