India

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Tags: India
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The impact of General Data Protection Regulations on Indian companies
Extraterritorial applicability of GDPR makes it clear that these regulations will be applicable regardless of whether the processing takes place in EU or not.
ONGC vs Sime Darby consortium
An unsuccessful party cannot possibly apply for interim relief in aid of what it lost before the arbitral tribunal.
The Fugitive Economic Offenders Bill 2018
The bill aims to provide an effective, expeditious and constitutionally permissible deterrent to ensure that such actions are curbed.
Understanding The Maharashtra Shops And Establishments Rules 2018
The Act regulates the employer–employee relationship and service conditions such as hours of work, payment of wages, overtime, leave, holidays, etc.
Supreme Court gives clarity on Section 26 of the Arbitration and Conciliation (Amendment) Act, 2015
In Board of Control for Cricket in India vs Kochi Cricket, the Supreme Court has clarified some issues surrounding the Act.
Delhi High Court resolves uncertainty between two conflicting clauses in contracts
The settled principle of contra proferentem has been re-affirmed by the Court in a case involving Delhi Metro Rail and Voestalpine.
India: Supreme Court update
Supreme Court refers the question to determine the liability of the consignee or steamer agent in respect of ground rent charges to be paid to the port trust to a larger bench ...
Corporate Social Responsibility
There is a growing realization among the corporates that business growth along with positive community/social impact is now an expected goal ...
India: Execution Proceedings for Enforcement of Arbitral Award
Recent Supreme Court judgement resolves certain issues and requirements ...
India: Impact of the Companies (Amendment) Act, 2017
With the assent of the President on January 3, 2018, the much-awaited Companies (Amendment) Act, 2017 (Amendment Act), which provides for simpler provisions but stringent penalties, has finally seen the light of the day ...
Voluntary Liquidation in India
Winding up under Insolvency and Bankruptcy Code, 2016 ...
Strike Off of Companies in India
Over the years, many companies have been lagging behind in filing of annual documents such as annual returns, financial statements etc ...
India: Valuation by Registered Valuer
“Price is what you pay, Value is what you get” ...
India: Amendments Under Master Directions on Issuance and Operation of Prepaid Payment by RBI
Digital wallets such as PayTM, along with debit and credit cards, are expected to reduce (if not completely replace) the use of paper currency …
India: Institutional Arbitration – Need of the Hour
The need to promote and encourage institutional arbitration for commercial disputes in India ...
India: Supreme Court settles the law: Major relief for foreign operational creditors
Clasis Law recently represented Macquarie Bank in two civil appeals before the Supreme Court of India ...
India: Consumer Protection
NCDRC’s ruling on ‘Voluntary Consumer Association’ under the Consumer Protection Act, 1986 ...
India: Foreign Exchange Management Regulation
Significant changes for transfer or issue of security to a person resident outside India ...
India: Directors' duties and liabilities under the Companies Act, 2013
Directors must be aware of their role, responsibilities and duties towards the company and its shareholders ...
India Update for December 2017
This edition brings to our readers a featured article titled “The Tourism and Hospitality Sector 2017 — The Year Gone By!!”
The tourism and hospitality sector 2017 — the year gone by
This year several policy decisions and judicial pronouncements affecting the tourism and hospitality sector were implemented. We have set out below some of the key developments and their effect on the sector ...
India: RBI issues Directions on Peer to Peer Lending Platform
Online lending transactions are in their nascent stage in India and given the increase in peer-to-peer (P2P) lending through e-commerce marketplace it is of extreme importance to regulate such transactions ...
INDIA: Right to privacy and data protection in India
The concept of data protection and privacy has not been addressed in any exclusive comprehensive legislation in India ...
India: Protection against groundless threats under Indian IP laws
Rapidly growing awareness of intellectual property (IP) rights and a well-structured statutory regime protecting IP has allowed rights owners to assert and enjoy the limited monopolies conferred on them ...
RBI granted powers to act on the resolution of stressed assets
By way of a circular dated May 5, 2017 (Circular), the Reserve Bank of India (RBI) amended the Framework for Revitalising Distressed Assets in the Economy ...
India Update for May 2017
The May 2017 India newsletter from Clasis Law includes an article on “Corporate Compliances: Necessity and Implication”, as well as Banking, Projects, Energy & Natural Resources and IP updates ...
Corporate compliance: Necessity and implication
The Companies Act of India is the primary legislation governing the functioning of companies established in India during their lifecycle....
India update from Clasis Law
Including briefings on the national food processing policy, projects and energy, and intellectual property.
RBI intervenes in patching up of Tata and DoCoMo’s joint venture
Background to the joint venture: Tata DoCoMo, an Indian mobile network operator, was set up as a joint venture between Tata Teleservices (TTSL) and NTT DoCoMo in November 2008...
Regulatory challenges for Vodafone Idea merger
Vodafone India is in discussions with Idea Cellular for an all-share merger. It appears that the intense competition the Indian telecom industry is facing due to freebies offered by the new entrant, Reliance Jio, has ...
India Update, inc: Regulatory challenges for Vodafone Idea merger
This months India newsletter from Clasis Law includes an article on the “Regulatory challenges for Vodafone Idea merger”, plus updates in Projects, Energy, IP and Banking & Finance ...
Investment conditions and restrictions for venture capital funds
Venture capital funds (VCFs) are contributing considerably to India’s economic growth. The amount of investment directed to venture capital has grown in recent years due to the pro-business environment and ...
India’s bid to become a hub for international commercial arbitration
As one of the world’s fastest-growing economies, India is a party to many international commercial arbitrations and the government is making efforts ...
Brands – Role and liability of celebrity endorsers
The marketing and advertising industry has grown as an organised industry using innovative ideas that are designed to ...
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The Singapore International Commercial Court considers the quantification of the Close-Out Amount under the ISDA Master Agreement
The decision provides clarification on how the Close-Out Amount under Clause 14 of the ISDA Master Agreement is to be calculated.
“Fat finger” mistakes in the Korean stock market
Attention is being focused on typos made in transactions in the Korean stock market.
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India's The Arbitration and Conciliation (Amendment) Ordinance, 2015 makes major changes to the Arbitration & Conciliation Act, 1996
The Arbitration and Conciliation (Amendment) Ordinance 2015 gives the necessary impetus for ease of conducting arbitration in India and enables speedy settlement of commercial disputes.
The principle of natural justice and fair hearings in arbitration proceeding has been discussed in the recent following judgement of the High Court of Bombay
Krishnabhagwan Rajaram Sharma vs M/S Tata Motors Finance Ltd; [Arbitration Petition No.304 of 2014] decided on 4th March 2015...
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Initial Coin Offerings: Another brainteaser in the virtual currency bandwagon
The position of virtual currencies and ICOs in India remains murky.