Forfeiture of gratuity does not require criminal conviction as a prerequisite
Introduction
In the recent case of Western Coal Fields Ltd. v. Manohar Govinda Fulzele, 2025 INSC 233, the Supreme Court (“SC”) held that an employee’s gratuity can...
The Clean Slate Doctrine and the tax quandary
Background
The Clean Slate Doctrine is a key legal principle embedded in the Insolvency and Bankruptcy Code, 2016 (“IBC”), which plays a pivotal role in...
MCA proposes expansion of the fast-track merger framework
The Ministry of Corporate Affairs (the “MCA”) has recently issued a public notice inviting comments on the draft Companies (Compromises, Arrangements and Amalgamations) Amendment...
India’s DPIIT clarifies on issue of bonus shares in prohibited sectors
Introduction
As per Para 1 of Annexure 3 of India’s consolidated foreign direct investment policy, Indian companies are allowed to freely issue rights/ bonus shares...
Current state of play of the liberalization of India’s legal market
Introduction
In March 2023, the Bar Council of India (the “BCI”) notified the Bar Council of India Rules for Registration and Regulation of Foreign Lawyers...
