In Volkswagen AG v. The Registrar of Trade Marks & Anr. (2026:DHC:2029), the Delhi High Court upheld registration of Maruti Suzuki’s “TRANSFORMOTION”, rejecting Volkswagen’s opposition based on alleged similarity with its “4MOTION” mark. Volkswagen argued deceptive similarity, but the Court held that the marks are visually, phonetically, and conceptually distinct, noting the clear structural difference […]
The Amendment Act further amends Section 52A of the Maharashtra Stamp Act, 1958 (“Maharashtra Stamp Act”), which deals with applications for grant of allowance on stamp duty. Section 52A of the Maharashtra Stamp Act governs the procedure for applications seeking allowance of stamp duty paid on instruments which are spoilt, misused or not required for […]
We are pleased to share with you our latest Customs and GST Alert, covering recent judgments and regulatory updates. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any clarification, please write to: Mr. Shammi Kapoor Senior Partner [email protected] Mr. Arnab Roy Partner [email protected]
The Securities and Exchange Board of India, in its board meeting dated March 23, 2026, has approved amendments to the SEBI (Alternative Investment Funds) Regulations, 2012 to permit AIFs to retain liquidation proceeds beyond the expiry of their tenure under specified conditions. Under the revised framework, AIFs may retain funds where there are pending or […]
The Reserve Bank of India has notified the Foreign Exchange Management (Guarantee) Regulations, 2026, superseding the earlier 2000 framework and introducing a comprehensive regime governing guarantees involving persons resident in India and outside India. The Regulations define key concepts such as guarantee, principal debtor, surety, and creditor, and impose a general restriction on cross-border guarantee […]
The Government of India has revised the FDI framework for investments from countries sharing a land border with India (LBCs) through Press Note 2 (2026 Series), providing clarity on the determination of “beneficial ownership” and when prior government approval is required. The amendments align the definition of beneficial ownership with the Prevention of Money-laundering framework, […]
