Sudin Sabnis and Suraj Nangia of Nangia Andersen LLP provide a perspective on the recent Concentrix decision by the Delhi High Court on the applicability of Most Favored Nation clause benefits in respect of tax treaties signed by India with non-OECD countries which subsequently became OECD members. https://news.bloombergtax.com/daily-tax-report-international/common-interpretation-is-it-really-that-common-the-indian-context
Read MoreSafe Harbour: how safe is twitter’s nest
The safe harbour provision is contingent upon the observance of due diligence in discharge of duties under the IT Act; write Shlok Chandra & Suraj Nangia http://www.millenniumpost.in/opinion/conditional-protection-444101
Read MoreNangia Andersen LLP in News: Permanent work from home: Need for regulatory blessings- Suraj Nangia
Suraj Nangia, Partner and Sandeep Jhunjhunwala, Partner write an piece on Permanent work from home: Need for regulatory blessings for The daily Guardian. Attached is link to the article Permanent work from home: Need for regulatory blessings
Read MoreRestriction on Number of Layers of Subsidiaries under Companies Act, 2013
In order to check misuse of multiple layers of subsidiaries for diversion of funds and siphoning off funds, the Companies Act, 2013 (2013 Act): a) Prohibits prescribed holding companies from having layers of subsidiaries beyond prescribed numbers b) Requires that no investments can be made through more than two layers of investment companies. These provisions were sought to be omitted from the 2013 Act on the recommendation of the Companies…
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