Banking Laws (Amendment) Bill, 2024: Key insights
The Banking Laws (Amendment) Bill, 2024 (the “2024 Bill”), which was introduced in the Lok Sabha on August 9, 2024 and passed on December...
Cross-border share swaps made easier through amendments to India’s foreign exchange regulations
The Indian government has recently notified the Foreign Exchange Management (Non-Debt Instruments) (Fourth Amendment) Rules, 2024 (the “Amendment Rules”) to amend the Foreign Exchange...
M&A and PE impact due to changes in India’s competition law regime
The Competition (Amendment) Act, 2023 (the “2023 Amendment”) was introduced on April 11, 2023, to amend the Competition Act, 2002 (the “Act”) and, inter...
Profit attribution to a Permanent Establishment in India – A vexed issue
Background
Foreign companies in India are often subjected to a tax audit scrutiny by the Indian tax authorities to check if they have a Permanent...
Failure to pay salary is not criminal conduct
Background
The former Chief Executive Officer (the “Complainant”) of Safal Life Science (P) Ltd. (the “Company”) filed a criminal complaint under Sections 420 (cheating), 406...
