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New rules seek to provide a framework for foreign investment in the Indian insurance sector.
Mumbai decision may have significant implications for the tax positions of hotel owners and operators in India.
Delhi High Court directs coal ministry to review earmarking of coal blocks; reconsideration required on merging of coal blocks and determination of specified end use.
Delhi High Court sets aside patent office order rejecting Gilead’s patent application for hepatitis C drug on procedural grounds
On 30 January 2015, the Delhi High Court set aside an order dated 13 January 2015 of the Indian Patent Office rejecting a patent to Gilead Pharmasset Inc for a ‘blockbuster’ Hepatitis C drug.
To promote easier reporting for foreign direct investmen transactions the Reserve Bank of India has amended the process of filing certain returns.
Newsletter: energy, infrastructure and resources — Reserve Bank permits long-term structuring of new long-term project loans to infrastructure and core industries; and more
Khaitan & Co has released the 15 July 2014 edition of its energy, infrastructure and resources newsletter.
The Indian Patent Office has issued guidelines so as to bring about uniformity in the examination of pharmaceutical patent applications.
The Supreme Court of India has held that the National Tax Tribunal Act 2005 as passed by the Parliament was unconstitutional and has struck it down.
Direct Tax Newsletter — SC lays down principles on retrospective vs prospective operation of amendments in tax law; and more
Khaitan & Co analyses recent developments affecting business in the field of direct tax.
Last month, there were two positive regulatory updates relevant to the domestic funds industry.
Bombay High Court provides breather to Vodafone: no ‘income’, no transfer pricing adjustment on issue of shares
Recently, a longstanding dispute between Vodafone and the tax authorities has been put to rest by the Bombay High Court.
The Union Cabinet has approved the proposed amendment to the 2014 foreign direct investment policy in the construction development sector.
A shot in the arm for investment funds? Tax pass-through status for a contributory trust, regarded as revocable transfer
The Bangalore Bench of the Income Tax Appellate Tribunal has provided much needed clarity on the scheme of taxation of investment funds structured as trusts.
The Regulations seek to provide a specialised regulatory framework for the establishment and operation of REITs and InVITs in India.
The Supreme Court of India has held that the procedure of allocation of coal blocks for the period between 1993 and 2012 was arbitrary and illegal.
ERGO Perspective: HMA dispute resolution in India; indemnities in cross-border M&A transactions; and more
The current difficult operating environment in India is straining owner/operator relationships and is conducive of disputes.
The Consolidated FDI Policy was released by the Department of Industrial Policy and Promotion and the Ministry of Commerce and Industry on 17 April 2013.
The Competition Commission of India has issued certain amendments to the CCI (Procedure in Regard to the Transaction of Business Relating to Combinations) Regulations 2011.
The Reserve Bank of India (RBI) has issued a notification amending the FEMA Regulations.
The Indian government is in the process of revising, simplifying and consolidating the structure of direct tax laws in India by proposing the Direct Taxes Code.