Securities and Exchange Board of India (“SEBI”), vide its circular dated September 19, 2024 (“AIF Amendment Circular”) has introduced amendments to the Master Circular for Alternative Investment Funds (“AIF(s)”) dated May 7, 2024 (“AIF Master Circular”) regarding the valuation framework of investment portfolio of AIFs. The key amendments include: (a) Valuation norms for securities – […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz”. In this edition, we have analysed the recent judgment in International Management Group (UK) Ltd, wherein the Delhi High Court has examined the taxability of receipts of a UK resident taxpayer towards advisory and managerial services as Fees for Technical […]
In the September edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, corporate affairs, intellectual property rights, and pharmaceuticals. Below are the key highlights of the newsletter: SEBI UPDATES SEBI amends provisions regarding borrowings by AIF and tenure of LVFs SEBI amends board nomination […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz”, wherein we have analysed the recent judgment of the Delhi High Court in Sumitomo Corporation India (P) Ltd and other connected matters. The High Court has settled the controversy regarding the validity of final assessment order passed in the case […]
We are pleased to share our bi-monthly newsletter on the latest GST and Customs Developments. The newsletter covers recent judgments and regulatory updates in the GST and Customs space in India. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any clarification, please write to: Mr. Shammi […]
The introduction of the concept of ‘international workers’ in India was made by the Government of India in the year 2008. Vide its notification dated October 1, 2008, the Government of India introduced Paragraph 83 (Special provision in respect of International Workers) in the Employees’ Provident Fund Scheme, 1952 and Paragraph 43A (Special provisions in […]
