In a significant judgment that can have far-reaching ramifications concerning interpretation of Double Taxation Avoidance Agreements (DTAA), the Supreme Court of India, in a group of matters titled as Assessing Officer Circle (International Taxation) vs. M/s Nestle SA, 2023 INSC 928 [Civil Appeal No(s).
Over the past few days, the Office of the Registrar of Companies, Central Scrutiny Centre has been issuing email advisories for compliance of provisions of significant beneficial ownership (SBO) provisions of the Companies Act, 2013 (Companies Act), essentially, Section 90 of the Companies Act and the Companies (Significant Beneficial Owners) Rules, 2018 (SBO Rules).
On 6 October 2023, the Employees’ Provident Fund Organisation (EPFO) released a Standard Operating Procedure (SOP) for management and regulation of establishments that are permitted to operate an exempted private provident fund trust under the provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act).
The Securities and Exchange Board of India (SEBI) vide its notification dated 19 September 2023 has inserted regulation 62A to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations), hereinafter referred to as the “Amendment”.
In a significant move towards bolstering investor protection, the Securities and Exchange Board of India (SEBI) has issued a circular on 20 September 2023 (Circular) for redressal of investor grievances through SEBI’s Complaint Redressal Platform (SCORES) and its Online Dispute Resolution Platform (ODR). The Circular will be effective from 4 December 2023.
Undoubtedly, we are in the age of social media, where a significant amount of information acquisition takes place through the consumption of influencer-generated media content.
The Prime Minister's Science, Technology, and Innovation Advisory Council (PM-STIAC), at its 21st meeting dated 7 July 2022, had recommended the creation of a national consortium and a working group to propose a comprehensive policy framework to address the needs of, and strengthen, the Indian deep tech startup ecosystem.
With the Indian Government’s increased focus on infrastructure and clean energy, the past few months have seen a host of developments in the energy, infrastructure and resources (EIR) space. The EIR Quarterly Legal Updates | Volume 1 - Edition 1 (July-September 2023) aims to bring out the key legal and regulatory updates in the EIR sectors for the benefit of readers, stakeholders and other interested parties. Set forth below is a snapshot of the major highlights:
A three-judge Bench of the Supreme Court recently interpreted the amended provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest, 2002 (SARFAESI Act) regarding a borrower’s right of redemption during an auction sale process in Celir LLP v Bafna Motors, 2023 SCC OnLine SC 1209.
This ERGO intends to incapsulate key amendments in Goods and Services Tax (GST) law that have become effective from 1 October 2023; most of these were introduced during the Union Budget 2023 vide Finance Act, 2023.
