Financial Services have become a major contributor to the GDP of the country in the recent decades. A huge chunk of investment-pie is taken by the financial services sector. L&S possesses the expertise to advise banks, NBFCs and companies alike on the implications arising under the RBI Act, Banking Regulation Act, FEMA and Prevention of Money Laundering Act. L&S assists in drafting and reviewin...
Lakshmikumaran & Sridharan (L&S)律师事务所擅长于税收法、国际贸易法、知识产权法和公司法。L&S团队由富有经验的律师、研究生和来自科学、技术、商业和法律等不同领域的专业人员组成。
L&S律师事务所成立于1985年，目前在新德里、孟买、班加罗尔、金奈、海德拉巴、艾哈迈达巴德、普纳、加尔各答 和 昌迪加尔。我们的欧洲分所坐落于日内瓦。事务所由V. Lakshmi Kumaran先生及其兄弟V. Sridharan 先生一同创立。
The commercial, contractual and corporate interests of companies and their promoters have to be represented inter alia, in oppression and mismanagement proceedings before the Company Law Board. A major area of work is initiating and defending winding up proceedings before different High Courts and Section 391 and Section 394 proceedings before different High Courts.
Handling litigation in th...
It is predicted that India would in the near future become the second largest trading nation in the world. Trade in goods and services has been very buoyant in India and would continue to be so in the future too. Providing complete and full services to trading clients including regular advise to trading companies (international as well as domestic) on the implications of various laws impa...
A company, as a separate legal entity and an artificial legal person, has to comply with various laws, procedures and file returns commencing from incorporation which involves drafting of a company's charter documents, preparation and filing of e-forms and documents and obtaining certificates for commencement of business. Foreign companies in India too have to comply with a plethora of provisio...
17 July, 2015
Corporate guarantees have often been examined for transfer pricing adjustment. While there are number of judgements on how to determine the ALP and that bank rates are not to be applied, whether the transaction is an international transaction is always intriguing.
ITAT, Hyderabad in its decision in Four Soft P Ltd v. DCIT...
28 February, 2015
The Finance Minister presented the Finance Bill, 2015 today. While no major relief has been announced on personal taxation, corporate taxes are proposed to be rationalised in a phased manner to bring down the rate of taxation. However, for the present, no change has been announced on rates of tax for companies. Incentives for investment in notified backward areas of Andhra P...
9th May, 2013
In a recent order, the Income Tax Appellate Tribunal (ITAT), Mumbai had the occasion to go into the question of what is or is not an international transaction. The parent company of the appellant had sold its imaging business, globally. As part of this, but on facts, independently, the Indian subsidiary sold its medical imaging business to the subsidiary of the foreign buyer. Th...
6 January 2017
The Insolvency and Bankruptcy Board of India (IBBI) has notified Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 and Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
Liquidation Process Regulations
Dated: Jan 06, 2017
9 December, 2016
Earlier last year, on May 5, 2015, the Bombay High Court, in its ruling in IDBI Trusteeship Services Limited (Plaintiff) v. Hubtown Limited (Defendant), dealt with the legalities of a foreign investment structure that involved compulsory convertible debentures (CCDs) issued by an Indian company (IndCo) to a foreign inves...
8 October, 2016
The Ministry of Corporate Affairs vide its Notification dated 9 September, 2016 has notified the Companies (Mediation and Conciliation) Rules, 2016 (“Rules”). Section 442 of the Companies Act, 2013 authorizes the Central Government to set up a panel of experts for mediation and conciliation between parties to t...
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