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  • Most excited lot over Flipkart deal? The taxmen :)

    Most excited lot over Flipkart deal? The taxmen :)

    Published: 24 May 2018

    The newspapers (particularly the pink ones) are full of news, reports, analysis and everything else about the Walmart acquisition of Flipkart which was announced last week.   This supposedly biggest e-commerce acquisition deal in the world whereby Walmart has agreed to acquire a 77% stake in India’s showcase e-commerce unicorn Flipkart, marks the global giant’s much-delayed entry into the I...

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    Published: 24 May 2018

    WHO CAN BE INTERESTED IN REGISTERING AN OFFSHORE FUND? Offshore fund registration will be an excellent solution for many business tasks. For many years offshore funds have been used as a tools in investment activity, protection and asset management. Offshore funds have a high degree of flexibility in the choice of structure and conduct of activities, and most importantly - the lack of...

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  • When is a damaged vessel a 'Constructive Total Loss'; the RENOS decision

    When is a damaged vessel a 'Constructive Total Loss'; the RENOS decision

    Published: 24 May 2018

    In the recent RENOS case [2018 EWCA Civ 230], the Court of Appeal has provided helpful clarification regarding the calculation of total loss of a vessel when an Owner seeks to abandon the vessel as a constructive total loss (or a 'CTL').  Under the Marine Insurance Act 1906, an Owner wishing to abandon a badly damaged CTL vessel to underwriters can do so in certain circumstances, ...

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  • Decoding the General Data Protection Regulations (GDPR)

    Decoding the General Data Protection Regulations (GDPR)

    Published: 22 May 2018

    With the advent of the internet, privacy has become a much sought yet elusive luxury for people. Personal data of individuals is freely stored and shared globally, making the world more transparent than ever. I recall a speaker on Ted Talk comparing individuals on internet with ones walking naked on Chhatrapati Shivaji Terminus (CST), Mumbai. Needless to say, such a brazen onslaught on personal ...

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  • General Data Protection Regulation (GDPR) must be implemented by May 25, 2018

    General Data Protection Regulation (GDPR) must be implemented by May 25, 2018

    Published: 22 May 2018

    Businesses need to keep May 25, 2018 in mind. This is the day when the EU General Data Protection Regulation, GDPR for short, officially comes into force. Following a two-year transitional period, the GDPR will come into full force and effect on May 25, 2018, thereby replacing an EU directive dating back to 1995. The GDPR is meant to create a uniform standard for data protection within Europe an...

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  • Cleaning the FPI route

    Cleaning the FPI route

    Published: 21 May 2018

    In the last 25 years, Indian government has conferred diversified incentives on Foreign Portfolio Investors (FPI) with the objective to generate flow of funds into capital markets via foreign investments. Unfortunately, certain businessmen of Indian origin are taking advantage of FPI policies to evade taxes which is detected by the Securities Exchange Board of India (SEBI). Taking note, SEBI h...

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  • Monitoring CSR activities

    Monitoring CSR activities

    Published: 20 May 2018

    Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. The Companies Act, 2013 (Act) mandated certain category of companies to comply with the CS...

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  • Regulating e-pharmacies

    Regulating e-pharmacies

    Published: 18 May 2018

    With the spurt in internet and e-commerce in the last few years, the need for effective governance of e-pharmacies was overdue. In view of this, the Central Government has circulated the much-awaited new set of draft rules relating to the e-pharmacies (online pharmacies) to States seeking their opinion thereon. The objective of the draft rules is to ensure that the patients are able to procure...

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