The Union Budget for 2023-24 was presented by the Hon’ble Finance Minister, Ms. Nirmala Sitharaman on February 1, 2023. The policy initiatives outlined in the budget proposals are intended to ensure macroeconomic stability of Indian economy in the face of global recession, while giving momentum to economic growth. The budget seeks to build on the foundation laid over last two years after the Covid pandemic. It seeks to incentivize capital investment, both public and private, to act as a key driver of inclusive growth and employment. This newsletter summarizes the key tax proposals relating to direct and indirect taxes in the Finance Bill 2023...
Kochhar & Co. is one of the leading and largest corporate law firms in India.
Kochhar & Co. is the only Indian law firm with a pan-Indian presence with full-service offices in the seven (7) prominent Indian cities of New Delhi, Mumbai, Bangalore, Chennai, Gurgaon, Hyderabad and Chandigarh and three overseas offices including in Dubai, Singapore and Chicago.
Kochhar & Co. is the first Indian law firm to have conceived a 'client satisfaction program' and has been a pioneer in this field. The firm takes pride in providing high quality, responsive, solution-seeking and business oriented legal support- consistent with global standards of excellence.
Separate from our size and strength in New Delhi where Kochhar & Co. has its roots, the firm has a very robust presence in the South of India including in Bangalore, Chennai and Hyderabad.
Kochhar & Co. is the first and the only law firm from the Indian sub-continent (and in fact from the continent of Asia) to have been granted a license by the Dubai Legal Affairs department to practice local UAE and DIFC laws.
Amongst the large Indian firms, Kochhar & Co. is the only law firm with more than 80% of its revenues generated from leading foreign multinational corporations.
Kochhar & Co. has been ranked as India's Top - Tier (Tier 1) law firm in 8 (eight) distinct practice areas - Corporate M&A, Projects, Energy & Infrastructure, Litigation, White Collar Crime, Banking & Finance, Employment, TMT, Aviation & Defence by the prestigious publication - The Legal 500 Asia Pacific. Further, we have been recognised as a Recommended Firm by Legal 500 in 7 (seven) practices - Arbitration, Taxation, IPR, Data Protection, WTO & International Trade, Real Estate, Competition & Anti-Trust.
In its first ever India Legal Powerlist published by FORBES Magazine, 10 of the firm's senior partners were featured among India's Top 100 lawyers. FORBES has also acknowledged Kochhar & Co. as India's "Top Law firm" across various practice areas including White Collar Crime, Technology Law, Real Estate & Construction, Labour & Employment and Arbitration. Mr. Rohit Kochhar has been acclaimed as one of the "Top Managing Partners" in the country.
Kochhar & Co. is one of the most decorated Indian law firm and during the last few years the firm has been conferred numerous awards for excellence in corporate law including but not limited to the 'International Council of Jurists Award' bestowed by the Prime Minister, the National Bar Award, the 'Rajiv Gandhi' Award, the Rashtriya Gaurav Award (National Pride) and the ICCA's Excellence Award for placing India on the world map of legal services.
Areas of Practice
“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by the Reserve Bank shall not deal in VCs or provide services for facilitating any person or entity in dealing with or settling VCs. Such services include maintaining accounts, registering, trading, settling, clearing, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer / receipt of money in accounts relating to purchase/ sale of VCs...
Kaveri Shrivastava Joins Kochhar & Co. as a Senior Partner and Co-Head to Bolster the Hyderabad Legal Presence
June 2023: Kochhar & Co. has announced that Ms. Kaveri Shrivastava joined the firm as a Senior Partner and Co-Head of its Hyderabad office. Kaveri obtained her LL.M. from New York University after graduating from Campus Law Centre, University of Delhi. She is a member of the New York State Bar Association and dual-qualified to practice law in India and the United States. With almost two decades of experience, Kaveri focuses on corporate and commercial laws advising on acquisitions, joint ventures, strategic alliances, cross-border investments, infrastructure projects and high-stake litigation matters...
Kochhar & Co. advised Basic Adhesives, LLC, a New Jersey-based American corporation, in the sale of its business to Pidilite Industries Limited.
The transaction involved sale of assets inter alia comprising technology, know-how, design, trademark, copyright, domain name, trade dress, customer book, inventory etc. Basic Adhesives has long been a prominent provider of adhesives and related products to the world's most prestigious luxury brands in the leather goods business. Following the transaction's completion, Basic Adhesives will provide transition support to Pidilite to ease its entry into the aforementioned domain...