GST Impact: Manufacturing Sector

The Viewpoint Bar and Bench

The implementation of GST will significantly improve the competitiveness and performance of India’s manufacturing sector. However, prior to its roll out, it will be incumbent upon the Indian government to address certain stakeholder concerns, if it wants to foster long term growth in this sector. INTRODUCTION The manufacturing sector in India is not only plagued […]

Supreme Court Overrules Securities Tribunal on IPO Scam

By Sumit Agrawal This week, the Supreme Court of India passed a significant order, which is going to have an effect on the numerous proceedings pending before the Securities Appellate Tribunal as well as at SEBI. Background This case pertains to irregularities in various Initial Public Offerings (IPOs) (Commonly known as “Roopalben Panchal Scam” or “Demat […]

Infrastructure & Energy Quarterly, July 2015

DSK Legal

We take great pleasure in bringing you this July edition of i.e. – Infrastructure and Energy Quarterly’. Several legislative, regulatory and policy changes have been made with respect to the infrastructure and energy sector in India in the recent past. In the cover article of this edition, we have discussed the steps that have been […]

GST Impact: E-commerce Sector

The Viewpoint Bar and Bench

Plagued, as it is, by indirect tax disputes and ambiguities, the implementation of GST is expected to usher in a uniform tax regime and bring some clarity to indirect taxation in the e-commerce sector. Introduction India is at the threshold of one of the biggest tax reforms it has ever seen – the Goods and […]

Paradigm shift to ‘on tap’ universal bank licences

In its monetary policy statement for 2014-15 on 1 April 2014, the Reserve Bank of India (RBI) announced that it would work on a framework for granting licences “on tap” to universal banks, and for granting of differentiated bank licences with the intent to “to expand the variety and efficiency of players in the banking […]

The Scheme for Sustainable Structuring of Stressed Assets (S4A) by RBI

DSK Legal

The Reserve Bank of India has issued a new Scheme for Sustainable Structuring of Stressed Assets (“S4A Scheme”) for the resolution of large stressed accounts in addition to the existing Strategic Debt Restructuring Scheme issued last year. The S4A Scheme contemplates determination of the sustainable debt level for a stressed borrower, and bifurcation of the […]

Foreign Portfolio Investors. The India revolution?

In the past two years considerable developments have taken place on the Foreign Portfolio Investors (“FPI”) front. There have been changes to the norms governing FPIs that have impacted the permitted investments by them in India. Both Securities and Exchange Board of India (“SEBI”) and the Reserve Bank of India (“RBI”) have been making joint […]

Understanding the National IPR Policy

DSK Legal

The Union Cabinet on 12th May, 2016, approved the long awaited national intellectual property rights policy (“Policy”), with a view to promoting creativity, innovation and entrepreneurship. It stresses on the need to recognize the importance of Intellectual Property Rights (“IPRs”) as a marketable financial asset and economic tool. To achieve the same, the Policy lays […]

Supreme Court holds “Officers” of private banks to be “Public Servants” under the Prevention of Corruption Act, 1988

DSK Legal

The Supreme Court in Central Bureau of Investigation, Bank Securities and Fraud Cell and Others v. Ramesh Gelli and Others (Criminal Appeal Nos. 1077-1081 of 2013 and W.P. (Crl.) No. 167 of 2015) has held officers of private banks to be public servants under Prevention of Corruption Act, 1988. To download the full article, click on the […]