The Securities and Exchange Board of India (SEBI) recently introduced a new liquidity window facility for corporate bonds, effective from 1 November 2024 vide circular dated 16 October 2024 (Liquidity Window Circular).
The Securities and Exchange Board of India (SEBI) has brought in a slew of amendments to the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (NCS Regulations).
In the recent past, we have witnessed significant changes in the regulatory landscape surrounding the Provident Fund regime in India. These changes can, at times, cause substantial shifts in the financial management of exempted establishments.
India’s emergence as an investment haven and a shining market for consumer products, has augmented a spurt in green consumerism with environmentally conscious customers, and their sensitivity is being manipulated by companies, with an upsurge in greenwashing claims rampantly creating a false impression of being environmentally sustainable.
On 30 September 2024, the Reserve Bank of India (RBI) issued a circular ‘Gold loans - Irregular practices observed in grant of loans against pledge of gold ornaments and jewellery’ dated 30 September 2024 (Circular).
The Insolvency and Bankruptcy Board of India (IBBI) has on 24 September 2024 published the IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2024 (Amendment Regulations) with the primary aim to streamline and reduce the delays faced in insolvencies containing class of creditors.
The Securities and Exchange Board of India (SEBI) in its board meeting dated September 30, 2024 has, inter alia, approved significant amendments to the securities regulations, including the SEBI (Mutual Funds) Regulations, 1996 (MF Regulations), SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) and SEBI (Investment Advisers) Regulations, 2013 (IA Regulations), SEBI (Research Analysts) Regulation, 2014 (RA Regulations).
In Hyatt International Southwest Asia Ltd Vs Additional Director of Income Tax (2024 SCC OnLine Del 6546), a Full Bench of the Delhi High Court held that a Permanent Establishment (PE) is to be treated as an independent taxable entity under Article 7 of the India-UAE Double Taxation Avoidance Agreement (Tax Treaty) and that attribution of profits to a PE based on the entity’s global income is unmerited and misconceived.
Karnataka is a state in southern part of India and has been home to many global capability centres (GCCs) established by international corporations. Its capital city Bengaluru is also widely recognized as the information technology hub of India.
