Author Archives | Nishith TV

March 15, 2024 BOOST TO INDIA’S SPACE POTENTIAL: INDIA LIBERALIZES FOREIGN DIRECT INVESTMENT – PART II FDI Space Policy notified on March 05, 2024, but formal enforcement is still awaited. Explanation and clarity to several terms / categories in the space sector. Power to provide additional norms / guidelines retained with Department of Space. Treatment […]

15 March 2024 at 12 : 32 PM

Regulatory Hotline: Code for Pharmaceutical Marketing Practices Refurbished: No room for non-compliance

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March 15, 2024 CODE FOR PHARMACEUTICAL MARKETING PRACTICES REFURBISHED: NO ROOM FOR NON-COMPLIANCE Refurbished code to regulate pharmaceutical marketing practices Pharmaceutical companies to ensure compliance through self-declaration Transparency in interaction of the industry with healthcare professionals DoP to appoint independent panel of auditors INTRODUCTION The Department of Pharmaceuticals (“DoP”) has notified the Uniform Code for […]

13 March 2024 at 09 : 59 AM

Capital Account Transactions (March 13, 2024)

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12 March 2024 at 09 : 50 AM

ransfer of Locked In Securities under ICDR (March 12, 2024)

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11 March 2024 at 19 : 32 PM

Tax Hotline: Disallowance of expenditure for failure to deduct TDS violates non-discrimination clause in DTAAs.

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March 11, 2024 DISALLOWANCE OF EXPENDITURE FOR FAILURE TO DEDUCT TDS VIOLATES NON-DISCRIMINATION CLAUSE IN DTAAS The Delhi HC held that Article 24(3)/26(3) of the India-Japan and India-USA DTAA is applicable on disallowance of expenditure incurred while paying non residents. The HC observed that section 40(a) (prior to its amendment in 2014) did not treat […]

9 March 2024 at 13 : 52 PM

Competition Law Hotline: Revised Thresholds for Turnover and Assets Notified under Indian Competition Act

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March 09, 2024 REVISED THRESHOLDS FOR TURNOVER AND ASSETS NOTIFIED UNDER INDIAN COMPETITION ACT Through a series of two circulars released on March 7, 2024, the Ministry of Corporate Affairs has enhanced the asset and turnover thresholds applicable to avail the De Minimis Target Exemption, and the thresholds required to be breached for notification of […]

9 March 2024 at 10 : 33 AM