Updates

  • Legal500 Publishes Article by Partner Lagna Panda on “AI through the lens of Competition Law”

    AI-related technologies and products are evolving more rapidly than one can imagine. The hype around generative AI (GenAI)¾which was quite short-lived¾is now giving way to agentic AI. The developments in the AI industry have attracted interest and intrigue of antitrust regulators. A few antitrust regulators have initiated (and, in some cases, completed) market studies to…

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  • Highlights of Bihar’s New Renewable Energy Policy, 2025- Romit Dey

    The Government of Bihar has notified the ‘Bihar Policy for Promotion of Bihar New and Renewable Energy Resources 2025’ (Bihar RE Policy), superseding a similar policy which was notified in 2017. The Bihar RE Policy targets to harness 23.968 GW of renewable energy sources and 6.1 GW of storage by the financial year 2029-30. Key…

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  • Damages under Competition Law: A new frontier yet to take off- Lagna Panda

    The Competition Act, 2002 (Competition Act) not only prohibits anti-competitive conduct such as cartelization and abuse of dominance, but it also allows persons to seek damages (compensation) for harm suffered. While the damages provision has been effective for over fifteen years, we are yet to see an award for damages. But that might change, and…

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  • The Supreme Court of India mandates effects-based analysis in Schott Glass- Lagna Panda

    On May 13, 2025, the Supreme Court of India (“Supreme Court”) issued a final decision in proceedings involving allegations that Schott Glass had abused its dominance by offering exclusionary volume-based discounts, imposing discriminatory supply terms, and engaging in refusal to supply. The Supreme Court ruled that: Facts In 2010, Kapoor Glass Private Limited (“Kapoor Glass”)…

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  • Coverage Update – Hindustan Times

    Arjun Sinha, Partner at AP & Partners, has authored an article for Hindustan Times Insight titled “The challenge of training AI.” The article examines the regulatory and legal considerations around the development and deployment of artificial intelligence, with a focus on data governance, accountability, and the need for a structured policy framework in India. Read…

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  • SEBI’s Proposal to Ease IPO Exits Following Reverse Flip Mergers- Romit Dey

    Romit Dey, Partner at AP & Partners, analyses SEBI’s proposed amendment to exempt investors from the one-year holding period for equity shares acquired through the conversion of compulsorily convertible securities allotted under a merger or amalgamation scheme, and its potential to simplify exit timelines for foreign investors. This change is particularly relevant for reverse flip…

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  • Lagna Panda Joins AP & Partners as Partner

    AP & Partners is pleased to announce that Ms. Lagna Panda has joined the firm as a Partner, further strengthening its growing practice in competition law and data-related matters. Lagna brings over 13 years of deep expertise in these areas. At AP & Partners, Lagna will lead and grow the firm’s competition and data practice,…

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  • SEBI’s Insider Trading Amendments: Widening the Scope of Accountability

    Effective December 6, 2024, the Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2024 (“December 2024 Amendments”) have expanded the scope of individuals considered ‘connected persons’ and, by extension, ‘insiders’ under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (the “PIT Regulations”): This update is…

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  • The Proposed Amendments to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (Amalgamation Rules).

    In an interesting development, the Ministry of Corporate Affairs (MCA) has published proposed amendments to Rule 25 of the Amalgamation Rules, which are relevant for “Fast Track Merger” process (Proposed Amendments). The legal current regime of “Fast Track Merger,”, i.e., merger with the approval of the Regional Director (instead of NCLT) is set out in…

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  • Exemptions Under Andhra Pradesh Shops and Establishment Act, 1988

    The Government of Andhra Pradesh has recently on 25th March 2025 (available here) (“Notification”) exempted IT companies from complying with certain provisions of the Andhra Pradesh Shops and Establishment Act, 1988 (“Shops and Establishment Act”) for a period of 5 years. The exemptions are applicable to IT companies engaged in the business process outsourcing services…

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  • Delhi High Court Clarifies: MNCs Do Not Create a PE in India by Secondment

    Overview The Delhi High Court in Pr. Commissioner of Income Tax – International Taxation -3 v. Samsung Electronics Co. Ltd.[1], has held that the secondment of employees from a foreign parent company to its Indian subsidiary does not by itself create a permanent establishment (“PE”) under the India South Korea Avoidance of Double Taxation Agreement…

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  • Uniform Code for Marketing Practices in Medical Devices, 2024

    On 6 September 2024, the Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers (“DoP”) introduced the Uniform Code for Marketing Practices in Medical Devices, 2024 (“UCMPMD”). This code aims to establish a set of guidelines to reduce unethical practices and promote transparency, integrity, and accountability in the marketing of medical devices throughout India.…

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