CCI approval mandatory for Resolution Plan approval by CoC
In its recent decision in the matter of Independent Sugar Corporation Limited v. Girish Sriram Juneja and Ors [Civil Appeal No.
Ergo Update
Preventing ‘Cookies’ from Crumbling under the DPDP Act Regime
Recently, the Advertising Standards Council of India (ASCI) has released a whitepaper titled “Navigating Cookies: Recalibrating your cookie strategy in light of the DPDPA” (White Paper). As the relevant legal landscape evolves, the need to realign and rework cookie consent policies would become highly critical.
Insurance 2.0 | 100% FDI in Indian Insurers
The Finance Minister has announced the increase in the foreign direct investment (FDI) limit for the Indian insurance sector from 74% to 100% as part of the budget speech for 2025.
Navigating the SEBI LODR December 2024 amendment: key changes
The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have recently undergone an important amendment, introducing a series of significant updates aimed at simplifying compliance, improving ease of doing business, and aligning regulatory frameworks.
Understanding recent clarifications in India's foreign investment rules
Section 11 of the Foreign Exchange Management, 1999 (FEMA) empowers the Reserve Bank of India (RBI) to issue directions to authorised persons to inter alia lay down the modalities as to how the foreign exchange transactions should be undertaken.
Data privacy law considerations in NCLAT’s stay order of the CCI WhatsApp decision
On 23 January 2025, the National Company Law Appellate Tribunal (NCLAT) stayed the Competition Commission of India’s (CCI) decision restricting WhatsApp from sharing user data with Meta companies for advertising purposes over the next five years. NCLAT also directed WhatsApp to deposit 50% of the INR 213.14 crore fine imposed by the CCI within two weeks.
From Local to Global: Decoding RBI's Recent Amendments to FEMA Regulations for Cross-Border Transactions
RBI has amended the following regulations (i) Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 (FCA Regulations) through the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Fifth Amendment) Regulations, 2025 (FCA Amendment); and (ii) Foreign Exchange Management (Deposit) Regulations, 2016 (Deposit Regulations) through the Foreign Exchange Management (Deposit) (Fifth Amendment) Regulations, 2025 (Deposit A
Lessons for Investors: CCI on Minority Acquisitions
In an order dated 14 January 2025, the Competition Commission of India (CCI) reiterated its stance that convertible instruments such as optionally convertible debentures (OCDs) could lead to an approval requirement.
Government issues guidance on application of ‘principal purpose test’ under tax treaties
In a welcome development, the Central Board of Direct Taxes (CBDT), India’s apex tax administration body, has provided much-needed clarity regarding the application of the ‘Principal Purpose Test’ (PPT) under tax treaties. The CBDT has clarified that in case of shares acquired by residents of Mauritius, Cyprus, and Singapore in Indian companies prior to 1 April 2017, the gains on transfer of such shares will remain outside the purview of the PPT and that the PPT will apply prospectively.
Upgrades to SEBI Listing Regulations – Optimizing the current disclosure framework for debt listed issuers
On 12 December 2024, the Securities and Exchange Board of India (SEBI) issued the SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024 (Amendment Regulations) which have amended the SEBI (Listing Obligations and Disclosure Requirements), 2015 (SEBI LODR). The Amendment Regulations were framed pursuant to the proposals which were approved by SEBI in its board meeting held on 30 September 2024.