NishithDesai-研究论文简编（英）-2024-WN8

MUMBAISILICONVALLEYBENGALURUSINGAPORENEWDELHINEWYORKGIFTCITY

ResearchPaper

Compendium

ClickableCatalogue

ofPublications

2018–202407

©NishithDesaiAssociates2024

ResearchPaper

Compendium

ClickableCatalogue

ofPublications

2018–202407

©NishithDesaiAssociates2024

ResearchPaperCompendium

WelcometotheWorldofResearch

atNishithDesaiAssociates.

Asaresearch-basedlawfirm,wehaveoftenfoundthatourapproachallowsustodiscovernewerways

thinking,uncoversharperinsightsacrossvariousindustriesandfindsolutionstocomplexproblems.All

thishasresultedindeliveringgreatoutcomesforourclients.

Wearepleasedtobringyouacompendiumofourresearchpapers.JustclickontheQRcodebesidethe

thumbnailofanypaper,toaccessyourcopyofthesepapers.

Wesincerelyhopeyouenjoyreadingthesepapers.

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NishithDesai

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©NishithDesaiAssociates2024

ResearchPaperCompendium

ImaginariumAligunjan

BlueSkyThinkingandResearchCampusinAlibaug,Mumbai

NishithDesaiResearchCampusinAlibaug,Mumbai

ImaginariumAliGunjan,anNDAinitiative,isdedicatedtostimulatingandcultivatingtheimagination.AliGunjanfosters

theconfluence,creationanddevelopmentoftechnological,scientific,economic,legal,tax,commercial,social,artistic,

recreationalorspiritualthought.Itisanapoliticalplatformforworldleadersandglobalthinkers—todiscuss,debateand

findsolutionstothebigchallengesfacedbytheplanet,inacollegialandconstructivemanner,puttingasidenarrow

self-interest.Inessence,theImaginariumwillbeaplacetothinkonanythingunderthesun(andthemoon),andtherefore,

a‘BlueSky’!

Asyoumightbeaware,weareanIndiacentricgloballawfirm,andago-tofirmforcompaniesworldwidefordoingbusiness

inIndiaaswellasforIndianfirmsdoingbusinessworldwide.Identifyingandsolvingcomplexproblemsisourpassion.

Wearethereforedeeplyrootedinresearch,thoughtleadershipandinnovation.Wehavebeengreatlyencouragedbythe

recognitionfromFinancialTimesasoneoftheworld’sandAsia’smostinnovativelawfirm.AliGunjanisthefirst-of-its-kind

andanIOTdrivenuniquestate-of-the-artcampustothink,ideateandchangetheworldforbetter—andtogether.

Itisaplatformforallofustodosomethinginnovative,somethingfreshandsomethingexciting.

©NishithDesaiAssociates2024

ResearchPaperCompendium

Research@NDA

ResearchistheDNAofNDA.Inearly1980s,ourfirmemergedfromanextensive,andthenpioneering,

researchbyNishithM.Desaionthetaxationofcross-bordertransactions.Theresearchbookwrittenbyhim

providedthefoundationforourinternationaltaxpractice.Sincethen,wehaverelieduponresearchtobe

thecornerstoneofourpracticedevelopment.Today,researchisfullyingrainedinthefirm’sculture.

Overtheyears,wehaveproducedsomeoutstandingresearchpapers,reportsandarticles.Almostonadaily

basis,weanalyzeandofferourperspectiveonlatestlegaldevelopmentsthroughour“Hotlines”.These

Hotlinesprovideimmediateawarenessandquickreference,andhavebeeneagerlyreceived.Wealsoprovide

expandedcommentaryonissuesthroughdetailedarticlesforpublicationinnewspapersandperiodicals

fordisseminationtowideraudience.OurNDALabsdissectandanalyzeapublished,distinctivelegaltrans-

actionusingmultiplelensesandoffervariousperspectives,includingsomeevenoverlookedbytheexecutors

ofthetransaction.Weregularlywriteextensiveresearchpapersanddisseminatethemthroughourwebsite.

OurThinkTankdiscoursesonTaxationofeCommerce,Arbitration,andDirectTaxCodehavebeenwidely

acknowledged.

Aswecontinuetogrowthroughourresearch-basedapproach,wenowhaveestablishedanexclusive

four-acre,state-of-the-artresearchcenter,justa45-minuteferryridefromMumbaibutinthemiddleof

verdanthillsofreclusiveAlibaug-Raigadhdistrict.ImaginariumAliGunjanisaplatformforcreative

thinking;anapoliticalecosystemthatconnectsmulti-disciplinarythreadsofideas,innovationandimagi-

nation.Designedtoinspire‘bluesky’thinking,research,explorationandsynthesis,reflectionsandcommu-

nication,itaimstobringinwholeness—thatleadstoanswerstothebiggestchallengesofourtimeand

beyond.Itseekstobeabridgethatconnectsthefuturisticadvancementsofdiversedisciplines.Itoffersa

space,bothvirtuallyandliterally,forintegrationandsynthesisofknowhowandinnovationfromvarious

streamsandservesasadaistointernationallyrenownedprofessionalstosharetheirexpertiseand

experiencewithourassociatesandselectclients.

Wewouldlovetohearfromyouaboutanysuggestionsyoumayhaveonourresearchpublications.

Pleasefeelfreetocontactusatresearch@.

©NishithDesaiAssociates2024

Rankedasthe‘MostInnovativeIndianLawFirm’intheprestigiousFTInnovativeLawyersAsiaPacific

Awardsformultipleyears.Alsorankedamongstthe‘MostInnovativeAsiaPacificLawFirm’inthese

eliteFinancialTimesInnovationrankings.

©NishithDesaiAssociates2024

ResearchPaperCompendium

Disclaimer

ThisreportisacopyrightofNishithDesaiAssociates.Noreadershouldactonthebasisofanystatement

containedhereinwithoutseekingprofessionaladvice.Theauthorsandthefirmexpresslydisclaimalland

anyliabilitytoanypersonwhohasreadthisreport,orotherwise,inrespectofanything,andofconsequences

ofanythingdone,oromittedtobedonebyanysuchpersoninrelianceuponthecontentsofthisreport.

Contact

Foranyhelporassistancepleaseemailusonconcierge@

orvisitusat.

©NishithDesaiAssociates2024Provideduponrequestonly

ResearchPaperCompendium

Publications

Technology1

CorporateandM&A23

InternationalTaxandFundFormation33

Media&Entertainment41

DataProtectionandPrivacy45

IntellectualProperty51

InternationalDisputes&Investigations54

Pharmaceutical,Lifescience&Healthcare78

HR(EmploymentandLabour)Laws88

DoingBusinessinIndia101

Education113

DetailedIndexofPublications117

©NishithDesaiAssociates2024

ResearchPaperCompendium

Technology

©NishithDesaiAssociates2024concierge@1

ResearchPaperCompendium

Technology

EvolutionofGenerativeAl

Legal,RegulatoryandEthical,July2024

July2024

EvolutionofGenerativeAl

Legal,RegulatoryandEthical

TheriseofGAItechnologiespresentsamultifacetedlegallandscapethatdemandsthorough

explorationandregulation.Ourresearchpaperdiscussesthetechniquesbehindgenerating

varioustypesofcontentthroughGAImodelsandlaysforthadescriptionofthetrainingprocesses

forthesemodels

©NishithDesaiAssociates2024concierge@2

ResearchPaperCompendium

Technology

TheIndianDefenceIndustryRedefiningFrontiers,December2023

December2023

TheIndianDefenceIndustry

RedefiningFrontiers

Inthispaper,weexaminetheregulatoryandlegalframeworkgoverningtheIndiandefence

industry.Ourpapernavigatesthroughstatutes,regulations,andpoliciesthatestablishthe

operationallandscapefordefence-relatedactivitiesinIndia.

Additionally,wehavescrutinizedrecentlegislativedevelopmentsandaddressedcompliance

challengesandadaptabilitywithinthedefencesector.

©NishithDesaiAssociates2024concierge@3

ResearchPaperCompendium

Technology

TheGlobalDroneRevolution

AerialTransport,InvestmentsandMakeinIndiaOpportunities,November2023

November2023

TheGlobalDroneRevolution

AerialTransport,InvestmentsandMakeinIndia

Opportunities

ThedroneindustryinIndiaandgloballyhastakenoffinthelastcoupleofyears.Muchofthe

progressisthankstotheGovernmentofIndia’ssupportwithaspecialfocusonMakeInIndia.

Ourpapercoversalltheseaspectsandmuchmore,includingadetailedanalysisofthecurrent

regime,andacomparisonwithsomeotherregimesaroundtheworld.

©NishithDesaiAssociates2024concierge@4

ResearchPaperCompendium

Technology

AIandWarfareOctober2023

October2023

AIandWarfare

Theresearchpaperprovidesacomprehensiveoverviewoftheintricaterelationshipbetween

AI,warfareandInternationalHumanitarianLawprinciples,emphasizingtheneedtobalance

militarynecessitywithhumanitarianconcernsandstateobligationforcomplianceinboth

peacetimeandconflicts.

©NishithDesaiAssociates2024concierge@5

ResearchPaperCompendium

Technology

CybersecurityLawandPolicy

PresentScenarioandtheWayForward,July2023

July2023

CybersecurityLawandPolicy

PresentScenarioandtheWayForward

Inthispaper,weexplorethekeycyberthreatsfacedbyorganisations,bestpracticestobeadopted

byorganisations,thelegallandscapeandpolicyinitiativesimplementedbytheIndiangovernment

tocombatthegrowingthreatsofcybercrimes.

©NishithDesaiAssociates2024concierge@6

ResearchPaperCompendium

Technology

SmartMeters

RevolutionisingthePowerSector,July2023

July2023

SmartMeters

RevolutionisingthePowerSector

Inthispaper,weanalysethelegalandregulatorylandscapesurroundingtheimplementation

ofSmartMeteringinfrastructureinIndia.

©NishithDesaiAssociates2024concierge@7

ResearchPaperCompendium

Technology

GenerativeAI&Disruption

EmergingLegalandEthicalChallenges,May2023

May2023

GenerativeAI&Disruption

EmergingLegalandEthicalChallenges

GenerativeAI(GAI)continuestobethenextbigdisruptionnotonlyforbusinessesbutfor

humancreativityaswell.Inthispaper,wehavelookedintosomeofthekeyusecasesofGAI,

whileexaminingthesequestionsatlengthfromalegal,regulatoryandpolicyperspective.

©NishithDesaiAssociates2024concierge@8

ResearchPaperCompendium

Technology

India’sTrystwithSpaceExploration

LegalandRegulatoryOverview,March2023

March2023

India’sTrystwithSpaceExploration

LegalandRegulatoryOverview

Inthispaper,wediscussIndia’strystwithdevelopingthespaceexplorationsector

alongwithconsiderableanticipatedunderlyingissuesincludingdual-usetechnology,

foreigndirectinvestment,andintellectualproperty.

©NishithDesaiAssociates2024concierge@9

ResearchPaperCompendium

Technology

Fintech

Legal,RegulatoryandTaxConsiderations–Compendium,August2022

August2022

Fintech

Legal,RegulatoryandTaxConsiderations–

Compendium

Thiscompendiumcontainsarticlesthatcovertherecentdevelopmentsinthelegal,regulatory

andtaxconsiderationoftheFintechindustryinIndia.Thebroadcategoriesinthiscompendium

areDigitalPayments,Blockchain,Cryptocurrency,NFTsandTaxconsiderations.

©NishithDesaiAssociates2024concierge@10

ResearchPaperCompendium

Technology

Crypto&Blockchain

2021-22Publications,July2022

July2022

Crypto&Blockchain

2021-22Publications

Thispaperlaysoutthelegal,regulatoryandtaxregimefortheCryptoandBlockchainindustry.

Thereisspecificfocusontherecentlegaldevelopmentsforvirtualdigitalassetsandvirtual

currency.

©NishithDesaiAssociates2024concierge@11

ResearchPaperCompendium

Technology

Metaverse:ANewUniverse

Legal,RegulatoryandTaxIssues,July2022

July2022

Metaverse:ANewUniverse

Legal,RegulatoryandTaxIssues

Thispaperanalyzestheexistingandpotentiallegalandregulatoryframeworkswhichwill

needtoevolvetoaccommodatetheadvancementsoftheMetaverse.Italsointroducesconcepts

relatingtoconvergenceintheMetaverseanditsimpactonsomeindustries.

©NishithDesaiAssociates2024concierge@12

ResearchPaperCompendium

Technology

RegulationsonE-Wallets,GiftCardsandVouchersGivenaFaceliftMoreLiberalizationNeededforRevival,January2022

January2022

RegulationsonE-Wallets,GiftCards

andVouchersGivenaFacelift

MoreLiberalizationNeededforRevival

Inasignificantupdate,theReserveBankofIndia(“RBI”)releasedtheReserveBankofIndiaMaster

DirectionsonPrepaidPaymentInstruments,2021(“PPIRegulations”).Morecommonlyreferred

toas‘e-wallets’or‘giftcards’,PPIsarepaymentinstrumentsthatcanbeusedforthepurchaseof

goodsorservicesagainstthisstoredvalue.

ThispaperdiscusseshowthePPIRegulationsimpactproductssuchase-wallets,giftcardsand

vouchers,moneytransferwallets,mealvouchers,metro/travelrailcards,etc.

©NishithDesaiAssociates2024concierge@13

ResearchPaperCompendium

Technology

TheFutureofMobility

Automation,AerialTransportandConvergence,February2021

February2021

TheFutureofMobility

Automation,AerialTransportandConvergence

Thispaperdiscussesthefutureofthemobilityindustryandthewaysinwhichemergingtechnologieslike5G,edgecomputingandblockchainarelikelytoaidtothegrowthofthesector.

Discussedarethefutureofmobilityandtheextentofvariouslegalandregulatoryframeworks

whichwillneedtoevolvetoaccommodatetheseadvancements.

©NishithDesaiAssociates2024concierge@14

ResearchPaperCompendium

Technology

5GTechnologyinIndia

Strategic,LegalandRegulatoryConsiderations,October2020

October2020

5GTechnologyinIndia

Strategic,LegalandRegulatoryConsiderations

Thispaperprovidesaprimeron5Gtechnologyinnon-technicalterms.Itgivesanoverview

ofextended5Gapplicationsforvarioussectors,theregulatorylandscapefor5GinIndia.

Variousimportantstrategic,policy,regulatory,technicalandbehavioralconsiderationsare

alsooutlinedinthispaper.

©NishithDesaiAssociates2024concierge@15

ResearchPaperCompendium

Technology

3DPrinting:Ctrl+PtheFuture

AMulti-IndustryStrategic,Legal,Tax&EthicalAnalysis,April2020

April2020

3DPrinting:Ctrl+PtheFuture

AMulti-IndustryStrategic,Legal,

Tax&EthicalAnalysis

Thepaperdiscusseshowtheregulationof3Dprintingisachallengethatlawmakers,andregulators

acrosssectorswillhavetocontendwith.Thepaperalsodiscusseshowtheregulationshouldbe

comprehensiveenoughtoapplyindifferentinstanceswhilestillhavingroomforevolvingwiththe

technology.

©NishithDesaiAssociates2024concierge@16

ResearchPaperCompendium

Technology

E-Mobility:ASustainableAutomotiveFutureLegalandTaxAnalysis,November2019

November2019

E-Mobility:ASustainableAutomotiveFuture

LegalandTaxAnalysis

Ourresearchpaperanalysesthechallengesintheadoptionofelectricvehicles,fromaregulatory,

commercialandsocio-economicperspective.Policyreports,regulations,stateinitiativesaswellas

comparativeanalysesofEVpoliciesfromleadingjurisdictionshavebeenconsideredinthispaper.

©NishithDesaiAssociates2024concierge@17

ResearchPaperCompendium

Technology

Augmented,VirtualandMixedReality—AReflectiveFuture

Legal,RegulatoryandTaxConsiderations:Strategic,Legal,TaxandEthicalIssues,September2019

September2019

Augmented,VirtualandMixedReality—

AReflectiveFuture

Legal,RegulatoryandTaxConsiderations

Strategic,Legal,TaxandEthicalIssues

Thispaperdiscussestheuncharteredlegalandtaxterritoriesofaugmentedrealityandvirtual

realitytechnologies’.Italsodiscusseshowthesetechnologieshavemergedintoourdailylives.

©NishithDesaiAssociates2024concierge@18

ResearchPaperCompendium

Technology

PreparingForaDriverlessFuture

Re-ShapingtheTransportationLandscapeandConqueringtheSky:

Strategic,Legal,TaxandEthicalIssues,May2019

May2019

PreparingForaDriverlessFuture

Re-ShapingtheTransportationLandscape

andConqueringtheSky

Strategic,Legal,TaxandEthicalIssues

Thispaperanalyzestheeffectsofthedriverlessfuture,andtheeconomic,social,environmental

andlegalramificationsarisingthereof.

Italsoprovidesadetailedanalysisofpubliclyavailablereports,researchstudies,andmediaarticles

aswellasopinionsofgovernmentorganizationsandindustryleadersrelatedtothesubjectmatter.

©NishithDesaiAssociates2024concierge@19

ResearchPaperCompendium

Technology

BuildingaSuccessfulBlockchainEcosystemforIndiaRegulatoryApproachestoCrypto-Assets:

AnIndependentSubmissiontotheGovernmentofIndia,December2018

December2018

BuildingaSuccessfulBlockchainEcosystem

forIndia

RegulatoryApproachestoCrypto-Assets

AnIndependentSubmissiontotheGovernment

ofIndia

ThepaperdiscussesthevariouslawsinIndiathatshouldbeactivelyenforcedwithregard

tocrypto-assetbusinessactivity.Italsoaddressesthereasonsforwhichanoutrightban

oncryptoassetactivityshouldnotbeconsidered.

©NishithDesaiAssociates2024concierge@20

ResearchPaperCompendium

Technology

TheBlockchain

IndustryApplicationsandLegalPerspectives,November2018

November2018

TheBlockchain

IndustryApplicationsandLegalPerspectives

Thepaperdiscussestheworkingofblockchaintechnologyandthecurrentstateoftheart

inindustry.Itprovidesalegalandregulatoryperspective,andconcludeswithalistofchallenges

andthewayforward.

©NishithDesaiAssociates2024concierge@21

ResearchPaperCompendium

Technology

TheFutureishere:ArtificialIntelligenceandRoboticsMay2018

May2018

TheFutureishere:

ArtificialIntelligenceandRobotics

ThepaperdiscussesthefutureofentitiesandindividualsdependencyonAIsystems.

Italsocoverstheseveralissuesthatneedtobeaddressedinordertosafeguardthedevelopment

andintegrationofAIsystemswiththeindustrialandsocialsector.

©NishithDesaiAssociates2024concierge@22

ResearchPaperCompendium

CorporateandM&A

©NishithDesaiAssociates2024concierge@23

ResearchPaperCompendium

CorporateandM&A

PrivateEquityandPrivateDebtInvestmentsinIndiaRegulatory,LegalandTaxOverview,October2023

October2023

PrivateEquityandPrivateDebtInvestments

inIndia

Regulatory,LegalandTaxOverview

Acomprehensiveexaminationofthecomplexregulatory,legal,andtaxframeworksgoverning

theseinvestmentsinIndia.Itdelvesintospecificareasofinterest,dissectingvariousroutesand

regimesavailableforinvestors,variousexitstrategies,andelementsofthedisputeresolution

mechanisms.

©NishithDesaiAssociates2024concierge@24

ResearchPaperCompendium

CorporateandM&A

BusinessTransfer

Why,HowandWhen?,August2023

August2023

BusinessTransfer

Why,HowandWhen?

InthecontextofM&Atransactions,howyouacquireisasimportantaswhatyouacquire.Thispaper

examines,thebasicstructureofa‘businesstransfer’,howitdiffersfromothermodesofassetsale

andthemeritsanddemeritsoverothermodesofacquisition.

©NishithDesaiAssociates2024concierge@25

ResearchPaperCompendium

CorporateandM&A

Mergers&Acquisitions

AnIndiaLegal,RegulatoryandTaxPerspective,July2023

July2023

Mergers&Acquisitions

AnIndiaLegal,RegulatoryandTaxPerspective

InthisResearchPaperonM&A,weexploreadetailedreviewoftheIndianlegal,taxandregulatory

considerationstobeconsideredwhileundertakinganyM&Aincludingfocusoncompetition/

antitrustlawandexchangecontrolconsiderations.

©NishithDesaiAssociates2024concierge@26

ResearchPaperCompendium

CorporateandM&A

M&ALab

Adani’sHostileTakeoverofNDTV,May2023

May2023

M&ALab

Adani’sHostileTakeoverofNDTV

TheAdani-NDTVacquisitionhaschangedthelandscapeoftheentertainmentandmediaindustry.

Thedramaticsagaoftheacquisitionhadeverything-amysteriouslender,aloanwithnointerest,

achangeofcontrol,ahostiletakeover,SEBIorders,anopenofferbelowmarketpriceandasurprising

saleofshares,whichresultedintheAdaniGroupbecomingthemajorityshareholderofNDTV.

InthisM&ALab,wedelveintoeachoftheseaspectsindetailandanalysethelegal,regulatory,tax,

financingandothercommercialconsiderationsofthisDeal.

©NishithDesaiAssociates2024concierge@27

ResearchPaperCompendium

CorporateandM&A

IncorporationofCompany/LLPinIndiaApril2023

April2023

IncorporationofCompany/LLPinIndia

FAQs

IfyouareinterestedinsettingupabusinessinIndiaandhavequestionsaboutformingaCompany

orLLP,thisbookletprovidesbasicanswerstocommonqueries.Itisintendedtoserveasabroad

guidetohelpyoumakeinformeddecisionsaboutstartingandrunningyourbusinessinIndia.

©NishithDesaiAssociates2024concierge@28

ResearchPaperCompendium

CorporateandM&A

M&ALab

ADANI–HOLCIM:CementingtheFuture!August2022

August2022

M&ALab

ADANI–HOLCIM:CementingtheFuture!

InthisM&ALab,weprobedeeperintothemultibillion-dollardealthatisboundtorevamp

theIndiancementindustryandstimulateunprecedentedgrowthintheindustrywiththestellar

entryofAdaniGroup.

Wewillanalysethelegal,regulatory,tax,financingandothercommercialdimensionsofthis

intricateDeal.

©NishithDesaiAssociates2024concierge@29

ResearchPaperCompendium

CorporateandM&A

M&ALab

HDFC–HDFCBank:MergerofGiantHDFCTwins!August2022

August2022

M&ALab

HDFC–HDFCBank:MergerofGiantHDFCTwins!

Thismega-mergerisbeingtoutedasthemotherofallM&Adealsowingtoitscolossalvaluation

ofapproximatelyUSD40Billionandcreatedastirnotonlyinthebankingsector,butalsoinother

financialservices.

Giventhesizeofthemega-mergerwithwide-reachingimplicationsonthebankingandhousing

financesectorinIndia,wehavemadeanattempttoanalyzethelegal,regulatory,commercialand

taxconsiderationsoftheMergerinthisM&ALab.

©NishithDesaiAssociates2024concierge@30

ResearchPaperCompendium

CorporateandM&A

M&ALab

PVR–INOX:BiggestBlockbusteratBoxOffice!August2022

August2022

M&ALab

PVR–INOX:BiggestBlockbusteratBoxOffice!

ThemergerofPVRLimitedwithINOXLeisureLimitedmarksthelatestmergerintheIndian

theatricalexhibitionindustry.Thetwoentitieswillmergetoformthelargestmultiplexchain

inIndia.

InthisM&ALab,weexaminethisMergerfromacommercial,legal,regulatoryandtaxperspective

andaimtoanswervariousquestionssurroundingthedeal,includingwhyandhowthecompanies

soughttomergebothentities.

©NishithDesaiAssociates2024concierge@31

ResearchPaperCompendium

CorporateandM&A

ArcelorMittalStealsEssarFromRuias!May2020

May2020

ArcelorMittalStealsEssarFromRuias!

ThispaperdiscussestheacquisitionofEssarSteelfromalegal,commercial,financingandtax

perspective.

TheinterpretationtakenbyvariouscourtstoclarifycertainambiguitiesundertheInsolvencyand

BankruptcyCode2016isalsodiscussed.

©NishithDesaiAssociates2024concierge@32

ResearchPaperCompendium

InternationalTaxandFundFormation

©NishithDesaiAssociates2024concierge@33

ResearchPaperCompendium

InternationalTaxandFundFormation

OpportunitiesinGIFTCityFundFormation,June2024

June2024

OpportunitiesinGIFTCity

FundFormation

WeexplorethelatestIndianlegal,tax,andregulatoryconsiderationspertinenttoestablishing

andstructuringfundmanagemententitieswithinGIFTCity.Wecommencewithanoverviewof

GIFTCity’soriginsanditsprincipalregulator,theInternationalFinancialServicesCentersAuthority.

Subsequently,wedelveintothelegalandtaxframeworksgoverningvariousactivitieswithin

GIFTCity,includingthoseconcerningprivatefunds.

Ouranalysisextendstothelegal,tax,andregulatorystructuresapplicabletoAuthorizedFund

ManagementEntities,RegisteredFundManagementEntities(Non-Retail),andfamilyoffices

inGIFTCity.

©NishithDesaiAssociates2024concierge@34

ResearchPaperCompendium

InternationalTaxandFundFormation

FundFormation:AttractingGlobalInvestors

Global,RegulatoryandTaxEnvironmentImpactingIndiaFocusedFunds,February2024

February2024

FundFormation:AttractingGlobalInvestors

Global,RegulatoryandTaxEnvironment

ImpactingIndiaFocusedFunds

ExtensiveresearcharoundjurisdictionsandstructuresforsettingupanIndia-focusedfund

includingstructuringofAIFstoberegisteredwithSEBI,theever-risingimportanceofGIFTCity,

emergingglobaltrendsinprivateequity,andinternationaltaxconsiderations.

WealsofocusonthedocumentationrequiredtosetupandgovernanAIFinIndia,aspectsof

fundgovernanceprevalentinIndianfunds,andrecentregulatoryenvironment.

©NishithDesaiAssociates2024concierge@35

ResearchPaperCompendium

InternationalTaxandFundFormation

SovereignWealthFunds&PensionFunds:InvestmentsintoIndiaRegulatory,LegalandTaxOverview,May2023

May2023

SovereignWealthFunds&PensionFunds:

InvestmentsintoIndia

Regulatory,LegalandTaxOverview

Inthispaper,wehaveanalysedthelegal,regulatoryandtaxregimegoverninginvestments

bysovereignwealthfundsandpensionfundsinIndia.

©NishithDesaiAssociates2024concierge@36

ResearchPaperCompendium

InternationalTaxandFundFormation

TaxingOffshoreIndirectTransfersinIndiaMay2022

May2022

TaxingOffshoreIndirectTransfers

inIndia

UndertheIndianIncomeTaxAct,1961(“ITA”),anIndianresidentistaxedonitsglobalincome

(residence-basedtaxation)whereasanon-residentistaxedonlyontheincomewhichisderived

fromasourceinIndia(sourcebasedtaxation)i.e.incomewhichisreceivedordeemedtobe

receivedinIndiaandincomewhichaccrues,arises

orisdeemedtoaccrueorariseinIndia.Thesubsequentpartsofthispaperdealwiththelegislative

historyofIndirectTransferinIndiaandarefollowedbyothernuances.

©NishithDesaiAssociates2024concierge@37

ResearchPaperCompendium

InternationalTaxandFundFormation

TaxissuesinM&ATransactionsMay2022

May2022

TaxissuesinM&ATransactions

OurresearchpaperonTaxIssuesinM&ATransactionsisacomprehensivesummaryofthevariousways

(merger,demerger,slumpsale,assetsaleetc.)ofundertakinganM&Atransactionsandpotentialtax

(directandindirect),stampdutyimplicationsofsuchtransactions.

ThispaperalsodiscussesfrequentlylitigatedissuesinbothdomesticandinternationalM&Atransactions,

implicationsofcrossbordermergerregulations,indirecttransferprovisions,taxationofnon-compete

paymentsandESOPsetc.

©NishithDesaiAssociates2024concierge@38

ResearchPaperCompendium

InternationalTaxandFundFormation

Tax,TradeandInvestments

AnIndianPolicyPerspective,September2021

September2021

Tax,TradeandInvestments

AnIndianPolicyPerspective

Thispapersetsoutdifferentconsiderationsforacohesivetax,tradeandinvestmentpolicyfroman

Indianperspective.

ItalsodiscussesIndia’sinternationaltraderelationshipwithmajoreconomiesaroundtheworld,

India’stradeplansamidstCOVID-19whileconsideringthegovernment’staxpolicyobjectivesand

foreigninvestmentgoals.

©NishithDesaiAssociates2024