In a crucial ruling, the Delhi Bench of the ITAT held that capital gains arising from the sale of equity-oriented mutual funds by a Mauritius-based FII are not taxable in India under Article 13(3A) of the India-Mauritius DTAA. The Tribunal observed that such gains cannot be equated with gains from the alienation of “shares” as mutual fund […]
In the July edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, corporate affairs, labour and consumer affairs. Below are the key highlights of the newsletter: SEBI UPDATES SEBI extends timeline of additional liquidation period for VCFs migrating to the SEBI (AIF) Regulations SEBI […]
We are pleased to share with you the link to our 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 […]
Securities and Exchange Board of India (“SEBI”), vide its notification dated May 10, 2024, had notified that at least one key personnel, amongst the associated persons functioning in the key investment team of the investment manager of an Alternative Investment Fund (“AIF”), had to obtain certification from the National Institute of Securities Market (“NISM”) by […]
In the June edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, corporate affairs, banking and finance, labour, environment and consumer affairs. Below are the key highlights of the newsletter: SEBI UPDATES SEBI extends timeline for complying with the certification requirement for the key investment team of […]
The Delhi High Court (“Delhi HC”) has, vide its judgement dated May 13, 2025 (“Ruling”), in the case of Oravel Stays Private Limited v. Zostel Hospitality Private Limited, set aside an arbitral award that treated a non-binding term sheet as a binding document and granted the specific performance of certain obligations thereunder. Case History. This matter arose from a dispute […]
