PM Modi launches ‘Transparent taxation – Honoring the honest’
By: Faranaaz Karbhari, Counsel & Mahafrin Mehta, Associate On August 13, 2020, PM Narendra Modi launched ‘Transparent Taxation – Honoring the honest’, a new platform to encourage sincere taxpayers. This platform recognizes the need of creating a modern taxation system and introduces major reforms like Faceless Assessment, Faceless Appeal and Taxpayers Charter.
Understanding the evolution and efficacy of RERA
Authored by Amaresh K Singh, Rashi Arora and Akanksha Upneja Real Estate (Regulation and Development) Act, 2016 (Act) was enacted in order to effectively respond to a host of systemic issues in the real estate sector and balance the interest of all stakeholders in this ecosystem. Through this article, we aim to evaluate the journey …
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Real-time market of Electricity in India
Authored by – Partner Apoorva Misra and Associate Soumya Prakash Real-time Electricity Market (RTEM) is an attempt by the Central Electricity Regulatory Commission (CERC) to create a platform that can help address and balance the power supply-demand scenario in the country. RTEM is an organized market platform to enable buyers and sellers across India to …
Why the government should regulate and not ban cryptocurrency
Authored by Vatsal Gaur The Indian government must not permanently ban cryptocurrency (also referred to as ‘token’ or ‘coin’ or ‘digital currency’). Any permanent ban on cryptocurrency would only reflect a lack of understanding of the positive impact the technologically powerful cryptocurrency can create on the Indian economy. Many governments have expressed fear over tokens …
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Corporate & Commercial Monthly newsletter | June 2020
Relaxations in minimum public shareholding SEBI issued a circular dated May 14, 2020 (2020 Circular) granting relaxation to listed companies from the applicability of 2017 Circular that required recognized stock exchanges to review compliance of listed entities with Minimum Public Shareholding (MPS) requirements and introduced inter alia the procedure to be followed by stock exchanges/depositories …
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Labor & employment laws relaxations
MHA Order of May 17, 2020 – Impact on wage payment obligation In wake of lockdown 4.0, the Ministry of Home Affairs (MHA) vide its Order dated May 17, 2020 (Order) provided for all orders issued by the National Executive Committee (NEC) under Section 10(2)(l) of the Disaster Management Act, 2005 (DMA) to cease to …
Force Majeure in government contracts and PPPs
Ministry of Finance issues office memorandum for force majeure The Government of India, through the Procurement Policy Division, Department of Expenditure at the Ministry of Finance (MoF), has recently issued an office memorandum on May 13, 2020 (O.M. No. F. 18/4/2020-PDD) pertaining to force majeure (MoF Memorandum). The MoF Memorandum seeks to provide relief to …
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Law and policy update: Covid-19 Economic Package
10 key takeaways from INR 20 lakh crore economic relief package | May 14, 2020 In a speech that echoed and amplified PM Modi’s ‘Atmanirbhar Bharat’ (Resilient India) approach, India’s Union Finance Minister (FM) on Wednesday announced a slew of measures to help businesses recover from impact of Covid-19 outbreak. These measures, when included with …
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Projects, Energy & Infrastructure Monthly Update June 2020
Contributions by Projects, Energy & Infrastructure team Aakash Sharma | Associate Akshay Malhotra | Partner Anviti Bhadouria | Associate Esha Nair | Associate Ishita Gupta | Associate Regulatory & Policy team Anukriti Jain | Associate Jyotsna Khatri | Associate Molshree Bhatnagar | Associate Partner Parichita Chowdhury | Associate Samarth Kashyap | Associate Shefali Tripathi | …
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Insolvency & Restructuring: Monthly Update June 2020
Contributions by: Abhirup Dasgupta Partner Pratik Ghose Partner Ramya Hariharan Partner Maaz Hashmi Senior Associate Avishek Roy Associate Asmita Rakhecha Associate Dipti Srivastava Associate Ishaan Duggal Associate Union Cabinet clears proposal for suspension of Sections 7, 9 and 10 of the IBC