• Policy on FDI in E-commerce – Government shifts the goalposts

    January 16, 2019 | Vishnu Chandran

    The Department of Industrial Policy & Promotion has, through Press Note No. 2 of 2018 dated December 26, 2018 (“Press Note 2”), revised the policy relating to Foreign Direct Investment (“FDI”) in e-commerce, which could have significant ramifications to the sector. While the Press Note 2 as well as the subsequent response to the media
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  • Short term measures, long term headache?

    April 27, 2017 | Vishnu Chandran

    The Finance Act of 2017 had amended Section 10(38) of the Income Tax Act, 1961 (“IT Act”) to the effect that long term capital gains (“LTCG“) from transfer of equity shares of companies listed on stock exchanges, would be exempt from tax only if securities transaction tax (“STT”) was paid at the time of acquisition
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  • The Infosys-Panaya Deal – What is the Big Deal?

    March 5, 2017 | Vijay Sambamurthi

    We lawyers love disclaimers, and I am going to start this piece by making a rather important one – I haven’t actually read the letters/emails reportedly written by two whistleblowers to the SEBI (they are not available anywhere in the public domain yet), and am only offering my views and reactions in this piece based
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  • Budget 2017: Adequate Wind beneath the Wings of Start-ups?

    February 22, 2017 | Prashant Kataria

    While there have been sops and benefits provided to start-ups by the Government since the formal launch of the Startup India initiative in 2016, there have been a bevy of demands and requests from the industry to increase and better streamline the benefits and assistance. It is during the recent Budget announced in February 2017
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