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Bulletins

ISSUE XIII : Supreme Court’s landmark Bharat aluminium judgment prohibits interference by Indian courts in foreign seated arbitrations

November 2012
The Arbitration and Conciliation Act, 1996 (“Act”) is divided into four parts: Part I (“Arbitration”), Part II (“Enforcement of Certain Foreign Awards”), Part III (“Conciliation”) and Part IV (“Supplementary Provisions”)
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ISSUE XXIII : IP CREATION, PROMOTION AND PROTECTION FOR SUSTAINABLE GROWTH

November 2012
Introduction Every entity creates IP on the basis of its business. Protection of the IP created is an important aspect which is many times overlooked due to the focus on...
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ISSUE XII : Testing of telecom equipments: Changing regulations

September 2012
Due to the security risk involved, the Indian government made testing and certification of software and hardware of all foreign telecom companies mandatory. Therefore, the Department of Telecommunications (“DOT”) proposed...
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ISSUE III : Statutory permits required to start-up mining activities

September 2012
Minerals, a non-renewable natural resource are a vital raw material to a number of industries. As these resources are limited and non-renewable, the mining activity requires a lot of licenses...
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ISSUE XX : New dimension to the AAR

September 2012
In a crucial ruling recently, the Supreme Court of India (“SC”) has held that the rulings of the Authority for Advance Rulings (“AAR”) can be subject to the writ jurisdiction...
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ISSUE XXII : TAX ON ROYALTY � CHANGE IN ACCRUAL PROVISIONS

September 2012
Introduction The government in this year’s budget introduced proposals to change the income tax on royalty. These proposals negated the effect of the Supreme Court of India’s (“SC”) decision in...
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ISSUE XV : Recent amendments in MCA circulars

August 2012
The Ministry of Corporate Affairs (“MCA”) initiated the practice of issuing circulars in 1983 with the objective to notify the public on important developments relating to the MCA and to...
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ISSUE III : Control in competition: A departure from conventions

August 2012
On May 28 2012, the Competition Commission of India (“CCI”), permitted Independent Media Trust (“IMT”) to subscribe to Zero Coupon Optionally Convertible Debentures (“ZCOD”) issued by promoter companies (“Promoter Companies”),...
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ISSUE XII : Banking system: Catching up with the new age methods

July 2012
Empowered by the Reserve Bank of India (“RBI”) Act, 1934 and the Payment and Settlement Systems Act, 2007, RBI has taken several initiatives in the recent past for ensuring development...
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ISSUE X : Contract termination: Merits serious thought

June 2012
Corporations tend to consider certain types of clauses as “miscellaneous” or “boilerplate” and that, sometimes, includes a termination clause which is relegated to the background.
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