Economic Laws Practice (ELP)

DGFT has issued a draft amended Aayat Niryat Form (ANF) proposing a single format for seeking authorisations for export of SCOMET items. This aims to simplify and streamline the export authorisation process across departments. Stakeholders can share their comments with DGFT by November 30, 2025. Read the update below for more details. Sanjay Notani; Ambarish Sathianathan; Harika Bakaraju #ELP #SCOMET #DGFT #TradeCompliance #ExportControl

SEBI has issued a consultation paper dated October 28, 2025 that proposes a comprehensive rewrite of the SEBI (Mutual Funds) Regulations, 1996 to simplify language, remove redundancies, clarify ambiguities, and align the framework with three decades of market evolution, technological change, and accumulated circulars/guidance that have made the rulebook voluminous and complex. While a comprehensive review of the MF Regulations has been initiated, proposals made on two specific past consultations, one on permissible business activities for an AMC and the other on Total Expense Ratio, which had been initiated earlier, have been included in the current set of proposals. In our update, we have analysed SEBI’s proposals and their impact on the mutual fund industry.  Vinod Joseph Paridhi Jain Read the detailed update here: https://lnkd.in/daMk2ShF #ELP #investmentfunds #SEBI #mutualfunds #law

In their latest article, “𝗚𝗦𝗧 𝟮.𝟬 𝗜𝗺𝗽𝗮𝗰𝘁: 𝗠𝗠𝗧 𝗢𝗽𝗲𝗿𝗮𝘁𝗼𝗿𝘀 𝗛𝗶𝘁 𝗯𝘆 𝗛𝗶𝗴𝗵𝗲𝗿 𝗧𝗮𝘅 𝗢𝘂𝘁𝗴𝗼, 𝗧𝗶𝗴𝗵𝘁𝗲𝗿 𝗖𝗮𝘀𝗵𝗳𝗹𝗼𝘄𝘀,” published in ETCFO, our Partner Stella Joseph and Advocate Aradhya Singh delve into how the dual-rate GST regime under GST 2.0 is reshaping the landscape for multimodal transport (MMT) operators. They highlight how Input Tax Credit limitations in the Amendment Notification No. 15/2025- Integrated Tax (Rate) dated 16.09.2025 can potentially lead to higher effective tax outgo and tighter cashflows, creating a new normal for the logistics sector, particularly the MMT operators . The authors emphasize that if industry realities necessitate a choice-based GST framework, the way forward lies in well-considered policy representation. Read the article here: https://lnkd.in/dKEYGW7P #ELP #GST20 #MMTOperators #tax #law

Our Partner Sanjay Notani has been invited as a speaker at the 𝟮𝗻𝗱 𝗔𝘀𝗶𝗮-𝗣𝗮𝗰𝗶𝗳𝗶𝗰 𝗘-𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗣𝗼𝗹𝗶𝗰𝘆 𝗦𝘂𝗺𝗺𝗶𝘁 organized by ICRIER. He will be speaking at a panel discussion on “𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 & 𝗧𝗿𝗮𝗱𝗲 𝗳𝗼𝗿 𝗖𝗿𝗼𝘀𝘀-𝗕𝗼𝗿𝗱𝗲𝗿 𝗘-𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗲 𝗶𝗻 𝗔𝗣𝗔𝗖” . Details below- Date: Monday, November 03, 2025 Time: 2:45 PM- 3:45 PM Arpita Mukherjee #ELP #ICRIER #APAC #policy #summit #investment #ecommerce

Our Partner Stella Joseph shares her views in Mint latest article, "𝗠𝗶𝗻𝘁 𝗘𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗿 | 𝗠𝗮𝗱𝗿𝗮𝘀 𝗛𝗖 𝗰𝗮𝗹𝗹𝘀 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 ‘𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆’—𝗵𝗲𝗿𝗲’𝘀 𝘄𝗵𝗮𝘁 𝘁𝗵𝗮𝘁 𝗺𝗲𝗮𝗻𝘀", by Krishna Yadav. She noted that the ruling enables investors to pursue traditional property remedies like injunctions, escrow preservation, and bank guarantees instead of relying solely on exchange-driven loss-sharing mechanisms. She added that this strengthens investors’ ability to challenge unilateral asset reallocations and assert proprietary claims when wallets are frozen or compromised. Yash K Desai Read the article here: https://lnkd.in/d52Ppg6a   #ELP #SEBI #investor #escrow #asset #injunction

Our Partner Heena Chheda, has been quoted in the ET Wealth's latest article, "𝗟𝗮𝗻𝗱𝗹𝗼𝗿𝗱 𝘄𝗶𝗻𝘀 𝘁𝗲𝗻𝗮𝗻𝘁 𝗲𝘃𝗶𝗰𝘁𝗶𝗼𝗻 𝗰𝗮𝘀𝗲 𝗳𝗼𝗿 𝗽𝗿𝗼𝘃𝗶𝗱𝗶𝗻𝗴 𝘀𝗶𝗴𝗻𝗲𝗱 𝗿𝗲𝗻𝘁 𝗿𝗲𝗰𝗲𝗶𝗽𝘁𝘀, 𝗱𝗲𝘀𝗽𝗶𝘁𝗲 𝘁𝗲𝗻𝗮𝗻𝘁’𝘀 𝘀𝗼𝗻 𝗻𝗼𝘁 𝘀𝗶𝗴𝗻𝗶𝗻𝗴 𝘁𝗵𝗲𝗺: 𝗦𝘂𝗽𝗿𝗲𝗺𝗲 𝗖𝗼𝘂𝗿𝘁 𝗼𝗿𝗱𝗲𝗿 𝗲𝘅𝗽𝗹𝗮𝗶𝗻𝗲𝗱", by Neelanjit Das.   She noted that the Supreme Court restored the 2017 eviction order, ruling that the High Court had exceeded its jurisdiction and reaffirming the existence of a jural landlord-tenant relationship under Section 43 of the Karnataka Rent Act, 1999. She explained that rent receipts signed by the landlord serve as prima facie proof of tenancy, and producing them satisfies the initial burden under the Act.   Read the article here: https://lnkd.in/dBVNPnmj   #ELP #karnatakarentact #primafacie #tenant #rent

Our Partner, Ravisekhar Nair was quoted by ETLegalWorld in its latest article, "𝗛𝗼𝘄 𝘁𝗵𝗲 𝗖𝗖𝗜’𝘀 𝗔𝗜 𝗣𝘂𝘀𝗵 𝗖𝗼𝘂𝗹𝗱 𝗥𝗲𝘀𝗵𝗮𝗽𝗲 𝗜𝗻𝗱𝗶𝗮’𝘀 𝗔𝗻𝘁𝗶𝘁𝗿𝘂𝘀𝘁 𝗕𝗮𝗿", authored by Nimitt Dixit. Mr. Nair noted that we are using client discussions on the DPDP Act as an opportunity to address AI concerns as well. Over the past year, we have expanded our antitrust practice to include the intersection of competition, data privacy, and digital regulation, supported by dedicated expertise. Read the full article here: https://lnkd.in/gGmfMNEc #ELP #EconomicTimes #Antitrust #CCI #Law

Our co-founding partner, Sujjain Talwar has been quoted in moneycontrol.com article, "𝗘𝗣𝗙𝗢 𝗺𝗮𝘆 𝗵𝗶𝗸𝗲 𝘄𝗮𝗴𝗲 𝗰𝗲𝗶𝗹𝗶𝗻𝗴 𝘁𝗼 𝗥𝘀 𝟮𝟱,𝟬𝟬𝟬 𝗽𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝗳𝗿𝗼𝗺 𝗥𝘀 𝟭𝟱,𝟬𝟬𝟬", by Priyansh Verma. He states that there could be resistance from employees, especially those in lower and middle-income groups, who tend to prefer higher take-home pay instead of mandatory provident fund deductions. Retika Yadav Read the full article here: https://lnkd.in/g7R_V67H

This week's 𝐓𝐫𝐚𝐝𝐞 𝐔𝐩𝐝𝐚𝐭𝐞 covers the latest updates on FTA’s and important happenings at the World Trade Organization. It also includes updates on trade policy, customs, sanctions and export controls across US, Europe & Asia. We hope you enjoy reading it. 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐮𝐩𝐝𝐚𝐭𝐞 𝐛𝐞𝐥𝐨𝐰. Sanjay Notani; Parthsarathi Jha; Ambarish Sathianathan; Naghm Ghei; Harika Bakaraju; Prashant Sharma; Shrinkhla Gupta; Sarthak Yadav; Shyam Matanhelia; Aishani Pachauri; Kunal Jigyasi; ELP Trade Watch #ELPInsights #trade #export #WTO #India

The Department of Chemicals and Petrochemicals has withdrawn QCOs for certain chemicals. Read the update below. Sanjay Notani; Naghm Ghei; Sarthak Yadav; Kunal Jigyasi #elp #QCO #chemicals #BIS #update