We are pleased to share our knowledge alert for the month of January 2025 being a compilation of our thought leadership articles on key legal and regulatory topics published by us in this month. ‘AL Insights – January 2025’ consists of our publications on corporate laws, tax laws and disputes matters.
We trust you will find the same to be an interesting read.
To read more, click on the access links below or download the pdf.
FCRA Update: Key revisions for Foreign Contribution Recipients
The Ministry of Home Affairs introduced an amendment to the Foreign Contribution (Regulation) Rules, 2011 (FCRA Rules). Entities regulated under the Foreign Contribution Regulation Act 2010 (the Act) will now be able to carry forward the unspent part of administrative expenses to the next financial year.
Read MoreRegulatory update: RBI and SEBI’s operational framework for reclassification of FPI into FDI
On 11 November 2024, The Reserve Bank of India (RBI) and the Securities Exchange Board of India (SEBI) have notified an operational framework for reclassification of Foreign Portfolio Investment (FPI) into foreign direct investment (FDI).
Read MoreRestriction on importation of refurbished medical devices into India
In a recent development, the importation of refurbished medical devices has been suspended, pursuant to the letter issued by Central Drugs Standard Control Organisation to the Indian Customs Authorities.
Read MorePermanent Establishment – An independent taxable entity distinct from the global entity
Recently, the full bench of Hon’ble Delhi High Court in the case of Hyatt International Southwest Asia Ltd. v. ADIT has dealt with issue of taxability of profit attributable to a permanent establishment, when the enterprise at the global level is incurring losses.
Read MoreSupreme Court: Mere infraction of law does not make an arbitral award vulnerable
The Supreme Court in the landmark ruling of OPG Power Generation Pvt. Ltd. v. Enexio Power Cooling Solutions India Pvt. Ltd has explained the scope of challenging arbitral award on violation of fundamental policy of Indian law under the Arbitration & Conciliation Act, 1996.
Read MoreSupreme Court’s judgment in Delhi Metro Rail Corporation Ltd. vs. Delhi Airport Metro Express Pvt. Ltd: A setback for arbitration in India?
In the matter of Delhi Metro Rail Corporation Ltd. vs. Delhi Airport Metro Express Pvt. Ltd., the Supreme Court invoked its extraordinary curative powers to set aside an arbitral award of approximately INR 75 billion on the grounds of patent illegality and ruled against the view taken by the arbitral tribunal.
Read MoreSupreme Court holds a private entity cannot be forced to appoint arbitrators from a panel curated by a public entity
The Supreme Court in the matter of Central Organization for Railway Electrification v. ECI-SPIC-SMO-MCML, has ruled on unilateral appointment of arbitrators.
Read MoreThe Revised 2025 SIAC Arbitration Rules: A Step Towards Efficient and Transparent Arbitration
The Singapore International Arbitration Centre (SIAC) has released revised 2025 SIAC arbitration rules (7th version) applicable on all SIAC arbitrations commencing from 1 January 2025. The key features of these revised rules include preliminary determination procedure, mandatory third-party funding disclosures requirements, emergency arbitrator procedure etc.
Read MoreSupreme Court clarifies on Reference vs. Incorporation of arbitration clauses
The Supreme Court in NBCC (India) Ltd. v. Zillion Infra Projects Pvt. Ltd. clarified the distinction between ‘incorporating’ an arbitration clause and merely ‘referring’ to it.
Read More