Case: Vineet Ruia vs. State of West Bengal [WP 5890(W) of 2020] Forum: Hon’ble High Court of Calcutta (“CHC”) Order delivered on: August 18, 2020 Substance of the Order: Establishment of a committee to ascertain the expenses incurred by schools during lockdown to determine if any concession in fees can be passed on to the […]
Prolonged deferment of taxation in box 2 by lending from the own company will be restricted On the 17th day of June the bill excessive lending from your own private company (hereinafter: Bill) was submitted. The name reveals a lot about the content of the Bill. The purpose of the Bill is to discourage excessive […]
Focused on minimising rote learning and introducing reforms in the Indian education system to ensure all round development of students, the long-awaited National Education Policy 2020 (“NEP 2020”) has been announced by the Union Cabinet on July 29, 2020. In continuation of our earlier newsletter of July 31, 2020 available at https://www.mondaq.com/article/972902, we discuss under […]
Friday, August 14, 2020 Read online or download the full update here. Keeping up with the current trend of COVID-19 relief programs, on July 10, 2020, the Government of Canada proposed a new relief measure (the “Proposed Relief”) for junior mining exploration and other flow-through share issuers (“Issuers”). The Proposed Relief will extend by twelve months […]
There is news related to the UBO-register! After the implementation of the UBO-register has been postponed several times, there now seems to be a date when the register will be implemented. The bill was adopted on 23 June 2020. Subsequently, the implementation act was published in the Dutch Bulleting of Acts and Decrees on 7 […]
From the first day of January 2021, intermediaries will be required to report cross-border constructions used for tax avoidance to the tax authorities. Who has to report? The intermediary that invents, offers, sets up the construction, makes the construction available for implementation or manages the implementation of the construction must report the construction if it […]
Rote learning, the bane of Indian education, is finally being shown the door and is proposed to be replaced by competency-based learning and development of students which tests higher-order skills such as analysis, critical thinking and conceptual clarity. The long-awaited National Education Policy 2020 (“NEP 2020”), was announced by the Union Cabinet on July 29, […]
The Ministry of Consumer Affairs, Food and Public Distribution through the Department of Consumer Affairs has issued the Consumer Protection (E-Commerce) Rules, 2020 under the Consumer Protection Act, 2019 vide notification bearing number G.S.R. 462(E) on July 23, 2020 (“E-Commerce Rules”) to regulate the operations of e-commerce entities in India in a fair and transparent […]
On July 14, 2020, The BlackNorth Initiative, led by The Canadian Council of Business Leaders Against Anti-Black Systemic Racism (the “Council”), released the Law Firm Pledge, asking leaders from Canada’s law firms to commit to specific actions and targets designed to end anti-Black systemic racism and create opportunities for those in underrepresented Black, Indigenous, and […]
On July 9, 2020, the Province of Ontario independent Capital Markets Modernization Taskforce (the “Taskforce”) delivered 47 “high impact” policy proposals (the “Proposals”) in the Capital Markets Modernization Taskforce Consultation Report. The Taskforce is seeking feedback on the Proposals by September 7, 2020 with a view to implementing many of the Proposals by year-end. In […]
After years of missed opportunities, the Government of India has opened the doors to the vast untapped opportunities of private sector participation in the Indian space program. The Central Government has recently approved far reaching reforms in the space sector aimed at boosting private sector participation in the entire range of space activities with the […]
LexCounsel is a corporate, commercial and litigation law firm with offices in New Delhi, Bhubaneshwar, Odisha and associate offices in major cities across India. It provides comprehensive legal services to a broad spectrum of domestic and international corporations. The firm is recognised as a leading law firm and advises in diverse areas includingMergers & Acquisition, Corporate […]