Decoding Taxability of Guarantee Charges in India

The Delhi High Court in the judgment rendered recently in the case of Johnson Matthey Public Ltd Company vs CIT, International Taxation [2024] 162 taxmann.com 865 (Delhi) has held that guarantee charges received by a non-resident company from Indian subsidiaries for acting as guarantor to various banks to extend credit facilities to said Indian subsidiaries […]

SEBI Issues Modalities for Migration of Venture Capital Funds

Securities and Exchange Board of India (“SEBI”), vide its circular dated July 20, 2024, had amended the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”), to provide flexibility to Venture Capital Funds (“VCFs”) registered under the erstwhile SEBI (VCF) Regulations, 1996 (“VCF Regulations”), for migrating to the AIF Regulations and to, inter alia, avail the […]

SEBI Amends Provisions Regarding Borrowings by AIF and Tenure of LVFs

Securities and Exchange Board of India (“SEBI”), vide its notification dated August 5, 2024, has notified the SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations, 2024 (“AIF Amendment Regulations”), thereby amending the SEBI (Alternative Investment Funds) Regulations, 2012 (“Principal AIF Regulations”). Key amendments were introduced regarding (a) borrowing by Category I Alternative Investment Fund (“Cat-I AIF”) […]

Legalaxy | Monthly Newsletter Series – Vol XV – August, 2024

In the August edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour and employment, renewable energy, information and broadcasting, and intellectual property rights. Below are the key highlights of the newsletter: SEBI UPDATES Boost to enhance participation in the corporate bond market – […]

Customs and GST Alert – Vol. 1 – Issue 7 – July 2024

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 […]