[Announcement on behalf of the National Law School Business Law Review] The Board of Editors of the National Law School Business Law Review is pleased to invite original and unpublished manuscripts for publication in the Volume 7 of the Review. About the Institution The National Law School of India University is an institution of legal education focusing on legal and policy education in India at...
Examining the Issues with Free Supplies under GST
[Manasvin Andra is a 4th year B.A., LL.B. (Hons.) student at NALSAR University, Hyderabad] Promotional offers have long been used by companies to draw attention to their products. These strategies have generally proved successful, as they incentivise consumers to buy more of the designated good. However, the tax treatment of these free supplies changed with the emergence of the GST, leading to...
Consumer Protection (E-Commerce) Rules, 2020: An Analysis
[Sumit Kumar Gupta is a 4th year student at the West Bengal National University of Juridical Sciences] Governments across jurisdictions have always maintained a delicate balance between the competing interest of consumers and the dynamics of the market. True to its nature, markets have undoubtedly been inclined towards profit maximization, while consumers have sought to exploit the scant margin...
Recent Antitrust Issues in the US – Learnings for the Indian Competition Regime
[Vanshika Katiyar and Rajat Maloo are 4th year B.A., LL.B. (Hons.) students at the National Law School of India University, Bangalore.] On 29 July 2020, the heads of America’s largest tech giants, namely, Alphabet, Amazon, Apple and Facebook testified before the United States’ Congress. The members of the antitrust committee of the Judiciary Committee of the House of Representatives...
Force Majeure, Frustration and Impossibility: A Qualitative Empirical Analysis
[Smaran Shetty is a Senior Associate with Keystone Partners and Pranav Budihal is an LLM Candidate at the National University of Singapore] Force majeure has become a fairly common ground to avoid the performance of contractual obligations in a post Covid-19 world. In a time when lawyers and parties seek to examine their force majeure clause and reassess their contractual arrangements, we have...
Call for Blogs: The IP Law Post
[Announcement on behalf of the IP Law Post] We are a group of HNLU students with a keen interest in Intellectual Property Law. By means of this blog, we aim to facilitate dialogue and debate on recent domestic and international developments. With the tremendous growth in technology, art and industry, IP has touched many facets of our lives such as business, innovation, sports, fashion, media...
Tug of War between Nominee and Legal Heir: The Debate Continues
[Abolee Vilas Vaidya is a Legal Analyst at Landryt and Priyanka Pillai an Associate at IC Universal Legal, Mumbai] The tussle between nominees and legal heirs in respect of shares of a company has always been a cause of sizeable confusion. The solution may seem to be a simple determination of whether the rights of the nominee under section 72 of the Companies Act, 2013 can override the rights of...
Call for Papers: NLSIU’s Indian Journal of Law & Technology
[Announcement on behalf of the Indian Journal of Law & Technology] The Indian Journal of Law & Technology (IJLT) is now accepting submissions for Volume 17. Please send in your submissions before October 31, 2020 in order for them to be considered. About the Journal The Indian Journal of Law and Technology (IJLT) is a student-edited, peer-reviewed, completely open access law journal...
Input Tax Credit under GST: The Misery of Innocent Buyers
[Yash More and Hitoishi Sarkar are II year students at Gujarat National Law University] In 2017, the Indian Parliament introduced the concept of Goods and Services Tax (“GST“). Designed to be a single, comprehensive, destination-based taxation system, it aimed to overhaul the existing indirect tax framework and unify the country in terms of how taxes are collected. An uninterrupted...
The Banking Regulation (Amendment) Ordinance 2020: A New Beginning?
[Manasvini Vyas is a 5th year student at National Law University Odisha] On 26 June 2020, the Banking Regulation Act, 1949 (“the Act”) was amended by way of a presidential ordinance (the Ordinance’). The amendment seeks to bring urban cooperative banks (‘UCBs’) and multi-state cooperative banks (‘MCBs’) under the complete regulatory control of the RBI. This development assumes significance in the...
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