nishithadmin
-
20 July 2022 at 17 : 43 PM
Regulatory Hotline: RBI Allows International Trade Settlements in Indian Rupees
Read MoreJuly 20, 2022 RBI ALLOWS INTERNATIONAL TRADE SETTLEMENTS IN INDIAN RUPEES INTRODUCTION In its attempt to promote global trade, the Reserve Bank of India (“RBI”), vide its notification1, dated July 11, 2022, has come up with the International Trade Settlement in Indian Rupees mechanism (“ITSIR Mechanism”) for the purposes of invoicing, payment and settlement of […]
-
19 July 2022 at 18 : 46 PM
Introduction to New Recruits (July 12, 2022)
Read MoreYou are required to login to view this page.
-
19 July 2022 at 12 : 08 PM
Technology Law Hotline: New Rules for Outsourcing IT Services – RBI Invites Comments on Fresh Guidelines
Read MoreJuly 19, 2022 NEW RULES FOR OUTSOURCING IT SERVICES – RBI INVITES COMMENTS ON FRESH GUIDELINES Introduction of rules on material outsourcing of IT services. Increased compliances and due diligence measures. 1-hour reporting timeline for incidents including cybersecurity breaches. Existing outsourcing agreements need to be re-assessed and re-negotiated. I. BACKGROUND The Reserve Bank of […]
-
18 July 2022 at 11 : 56 AM
Yes, Governance Matters. – ESG: When the governed speak up, who listens?
Read MoreJuly 18, 2022 Message from Nishith Desai: In recent times, we have seen global powerhouses like EY, Biocon, the House of Tatas and others in the news for the wrong reasons. By evolution and over a period of time, these institutions have set gold standards for businesses but somehow, somewhere, the acts of a few individuals have pulled down the reputation of the organization. How come? Is it the urge to grow too big, too fast, […]
-
14 July 2022 at 13 : 24 PM
India’s Flourishing Fintech Flambeau
Read MoreLegal, Regulatory and Tax Considerations – Compendium View in Browser
-
13 July 2022 at 15 : 13 PM
Insolvency and Bankruptcy Hotline: Can Proceedings under Insolvency Code Replace Execution of Arbitral Awards?
Read MoreJuly 13, 2022 CAN PROCEEDINGS UNDER INSOLVENCY CODE REPLACE EXECUTION OF ARBITRAL AWARDS? A final judgment or decree passed by a court/tribunal would constitute a valid proof of debt for initiation of insolvency proceedings under the Insolvency and Bankruptcy Code, 2016; The final judgment or decree will give rise to a fresh cause of […]
-
12 July 2022 at 16 : 22 PM
HR Law Hotline: Employment Termination in India – Chennai Labour Court Orders Reinstatement of Technology Sector Employee
Read MoreJuly 12, 2022 EMPLOYMENT TERMINATION IN INDIA – CHENNAI LABOUR COURT ORDERS REINSTATEMENT OF TECHNOLOGY SECTOR EMPLOYEE The Principal Labour Court, Chennai ordered one of India’s leading technology companies to reinstate the employee by treating the employment termination as unlawful. The Court held that the employee was a ‘workman’ and hence entitled to protection […]
-
11 July 2022 at 15 : 18 PM
All Rounder Series-Tax Part 3 (July 07, 2022)
Read MoreYou are required to login to view this page.
-
11 July 2022 at 15 : 11 PM
All Rounder Series-Tax Part 2 (July 06, 2022)
Read MoreYou are required to login to view this page.
-
11 July 2022 at 15 : 34 PM
All Rounder Series-Tax Part 1 (July 05, 2022)
Read MoreYou are required to login to view this page.
-
11 July 2022 at 13 : 13 PM
Insolvency and Bankruptcy Hotline: Supreme Court Rules on Commercial Wisdom of Creditors to Allow Withdrawal of Insolvency Proceedings
Read MoreJuly 07, 2022 SUPREME COURT RULES ON COMMERCIAL WISDOM OF CREDITORS TO ALLOW WITHDRAWAL OF INSOLVENCY PROCEEDINGS This article was originally published by IBC Laws on July 02, 2022. INTRODUCTION In Vallal RCK v M/s Siva Industries & Anr. (2022) ibclaw.in 63 SC, the Supreme Court (“SC”) has once again given precedence to the commercial wisdom […]
-
8 July 2022 at 15 : 04 PM
Tax Hotline: Taxation of Crypto-assets
Read MoreJuly 08, 2022 TAXATION OF CRYPTO-ASSETS Emerging regime for Virtual Digital Assets (VDAs) CBDT clarifies the obligation of Exchanges with respect to withholding tax under section 194S Mechanism for conversion of tax withheld in VDA to fiat provided Gift card or vouchers, reward points, airline miles etc. not in the scope of VDA Where […]
-
8 July 2022 at 15 : 06 PM
Supreme Court: Personal Guarantors can be made liable under Insolvency Code prior to any action against Principal Borrower
Read MoreJul 08, 2022 . Welcome to the Insolvency and Bankruptcy podcast of Nishith Desai Associates. In this podcast, Sahil Kanuga talks about a recent pronouncement of the Supreme Court in Mahendra Kumar Jajodia v. State Bank of India providing clarity on the right of creditors to initiate insolvency resolution process against personal guarantors of the […]
-
8 July 2022 at 12 : 39 PM
Insolvency and Bankruptcy Hotline: Supreme Court: Personal Guarantors can be made liable under Insolvency Code prior to any action against Principal Borrower
Read MoreJuly 08, 2022 SUPREME COURT: PERSONAL GUARANTORS CAN BE MADE LIABLE UNDER INSOLVENCY CODE PRIOR TO ANY ACTION AGAINST PRINCIPAL BORROWER This article was originally published by IBC Laws on July 06, 2022. INTRODUCTION A recent pronouncement of the Supreme Court in Mahendra Kumar Jajodia v. State Bank of India (2022) ibclaw.in 32 SC provides further clarity […]
-
7 July 2022 at 15 : 33 PM
Supreme Court rules on commercial wisdom of creditors to allow withdrawal of insolvency proceedings
Read MoreJul 07, 2022 Welcome to the Insolvency and Bankruptcy podcast of Nishith Desai Associates. In this podcast, Sahil Kanuga talks about the order of the Supreme Court in Vallal RCK v. M/s. Siva Industries & Anr. where the Supreme Court has once again given precedence to the commercial wisdom of the committee of creditors. […]
-
6 July 2022 at 17 : 35 PM
Dispute Resolution Hotline: Supreme Court’s quick fix for backlog in arbitral appointments by High Courts
Read MoreJuly 06, 2022 SUPREME COURT’S QUICK FIX FOR BACKLOG IN ARBITRAL APPOINTMENTS BY HIGH COURTS The Supreme Court took cognizance of the backlog in applications filed under Sections 11(5) and 11(6) of the Arbitration and Conciliation Act 1996 before various High Courts, few of which had been pending for over four or five years. […]
