The Madras High Court has upheld the validity of Rule 39(1)(a) of the CGST Rules, while clarifying that Input Tax Credit (ITC) can be distributed by an Input Service Distributor (ISD) only when the credit becomes legally available under Section 16 of the CGST Act. The Court observed that ITC cannot be considered “available for […]
The Reserve Bank of India has notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, effective 1 October 2026, introducing a unified framework governing cross-border trade in goods and services. The Regulations integrate export and import provisions into a single regime, streamline declaration and digital reporting requirements through systems such […]
The Reserve Bank of India has notified the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026, significantly liberalising the External Commercial Borrowing (ECB) regime. The amendments broaden the pool of eligible borrowers and recognised lenders, replace the all-in-cost cap with a market-linked benchmark, standardise minimum maturity requirements, enhance borrowing limits, and introduce procedural […]
In The Procter and Gamble Company v. IPI India Private Limited (O.P.(TM) Nos. 48, 49 and 50 of 2024), the Madras High Court dismissed trademark rectification petitions filed by P&G, holding that the term “Vapo” is descriptive, common to the trade, and publici juris, and therefore incapable of exclusive appropriation. The Court found that “Vapo”, […]
SEBI has issued a series of circulars requiring regulated entities and market infrastructure institutions to ensure full digital accessibility across websites, mobile applications, KYC processes, and investor-facing platforms, in line with statutory obligations and the Supreme Court’s recognition of digital access as a fundamental right. Through defined accessibility standards, extended compliance timelines, structured audit and […]
In Alkem Laboratories Limited v. Prevego Healthcare and Research Pvt. Ltd. (2026:DHC:411), the Delhi High Court refused to grant an interim injunction restraining the use of “MULTIVEIN AZ”, rejecting Alkem’s claim of exclusivity over the letters “A” and “Z”. The Court held that individual alphabet letters and generic expressions such as “A TO Z”, particularly […]
