IndusLaw

Our Associate Srija Ray will be conducting a virtual session on "Media and Entertainment Law - Transactional Services." This session is part of the value-added course on media and entertainment law at the Vivekananda Institute of Professional Studies, New Delhi. Don't miss it this July 26 from 4-5:30 PM. #IndusLaw #Masterclass #MediaLaw #TransactionalServices #LegalEducation #ThoughtLeadership

Our Partner Lokesh Shah shared his insights with Deccan Herald on the abolition of Angel Tax in the 2024 Budget. He termed it a major announcement, noting it as a huge relief for Indian companies, especially startups. Shah highlighted that this move is a delight for investors and private equities/venture funds supporting Indian companies. Read more: https://lnkd.in/gsh_YXiR #IndusLaw #Budget2024 #StartupEcosystem #AngelTax #Investors #DeccanHerald

Our Partners Winnie Shekhar and Ranjana Adhikari shared their insights with the Hindustan Times on Budget 2024. They highlighted the significant impact of the ₹1,000 crore venture capital fund on India's space sector, providing essential financial support for advanced space technologies.  They also noted that while multiple announcements benefit the startup ecosystem, the industry hoped for a more dedicated focus on AI and deep tech, which may now come from the announced R&D initiatives. Read more: https://lnkd.in/g4daTDkY #IndusLaw #Budget2024 #StartupEcosystem #AI #DeepTech #SpaceSector

The Modi Government 3.0 presented its first full Budget on July 23, 2024, focusing on Viksit Bharat by 2047. Key highlights included job creation, youth skilling, MSME support, and ease of doing business. Tax reforms met several expectations with the abolition of angel tax and equalisation levy, but investors were surprised by buy-backs being treated as dividend income and increased capital gains tax rates. The new Section 74A in GST now unifies the limitation period for SCNs to 42 months. Customs changes aim to boost domestic manufacturing with new exemptions and increased duties. Check out the detailed highlights from the #UnionBudget2024 by the IndusLaw team. #Budget2024 #IndusLaw #EconomicReforms #TaxReforms #GSTUpdates #DomesticManufacturing #AngelTax #EqualisationLevy #InternationalTax #Buyback #CapitalGains #TransferPricing #DisputeResolution #NewTaxRegime #GIFTIFSC

Acquiring a company by way of a staggered/ tranched acquisition remains a popular method of structuring M&A transactions in the Indian legal landscape. A staggered acquisition involves a strategic investor acquiring a majority stake upfront, leaving (in most instances) the promoters with a minority stake and obligations to run the operations of the company until the acquisition of the entire share capital of the company. Through this article, IndusLaw’s Harman Walia and Sanjana Mathur set out certain key aspects that come up and need to be considered during structuring a staggered acquisition of an unlisted company incorporated in India. Know more: https://lnkd.in/g38M976K   #StaggeredAcquisition #TranchedAcquisition #Mergers #Control #DefferedConsideration #Escrow

Our Senior Associate Annupriya Agarwal will be conducting a virtual session at the Vivekananda Institute of Professional Studies, New Delhi as part of their value-added course on media and entertainment law. The session will center on "Regulatory Mechanisms in Media and Entertainment Law” from 4 PM to 5:30 PM on July 25. #IndusLaw #Masterclass #MediaLaw #EntertainmentLaw #LegalEducation #ThoughtLeadership

IndusLaw advised Concord Control Systems Limited on acquiring a majority stake in Advanced Rail Controls Private Limited, a specialized and pioneering entity in the sector. The IndusLaw team included Partner Swathi Sreenath, Senior Associate Shreya Chaturvedi, and Associates Kajal Kashyap and Suyash Bajpai. Read more: https://lnkd.in/g4yC9sAZ #IndusLaw #Deal #DealAdvisory #DealoftheDay

The discussion surrounding introduction of inheritance tax in India has recently been in news. The Modi Government 3.0 has denied introduction of inheritance tax. India is at the cusp of long-anticipated economic surge. This calls for continuing need for private capital in India and a significant growth in Indian entrepreneurship. Any possibility of (re)introduction of inheritance tax will require a fine balance between government’s object to augment revenue and reduce inequality without severely impacting the growth of private capital and migration of entrepreneurs and family offices to overseas jurisdictions. In this article IndusLaw’s Lokesh Shah and Aarya Jha attempt to trace the historical background of inheritance tax in India, compare with the model adopted in developed jurisdictions like the UK and US, and analyze potential implications of its (re)introduction in India. Read more: https://lnkd.in/gF4uzmSA #InheritanceTax #HNI #EstateDuty #DirectTax #SuccessionPlanning #India

May marked several sweeping regulatory developments in the fintech space - whether it is RBI’s meeting with the stakeholders in the UPI ecosystem, the release of a new framework for supervision of research analysts and investment advisers or FIU’s approval to Binance and Kucoin to register as virtual digital asset service provider. In this issue of the fintech newsletter, IndusLaw's Namita Viswanath, Annupriya Agarwal, Ruhi Kanakia, and Himangini Mishra discuss these key developments in the fintech sector and highlight other updates impacting the Indian fintech market. For any queries whatsoever, please write to us at [email protected]. Read here- https://lnkd.in/gTg4wtZX #IndusLaw #fintech #technology #RBI #UPI #FIU #SEBI #cryptocurrency #securities #NBFCs #finance

Our Partner Lokesh Shah shared his insights with BW Businessworld on the Economic Survey 2024, highlighting the strides made by GIFT IFSC in becoming a leading global financial center. He noted that startups previously relocating overseas are closely monitoring potential tax incentives to encourage their return to India within GIFT IFSC. Read more: https://lnkd.in/gX5yCgsu #IndusLaw #EconomicSurvey2024 #GIFTIFSC #Startups #TaxIncentives #BusinessWorld