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Tax implications on exercise of ESOPs often render them less than useful. Budget 2020 changes this by deferring the tax liability. When employees exercised their employee stock options (ESOPs) and collected shares, they were, until recently, subjected to income tax (30%+) on the entire value of the shares (less price paid for exercise). These startupRead more

India does not have an established space policy governing liability and insurance issues. The pending Space Activities Bill, 2017 and the draft Space Based Communications Policy, 2020 hold private entities solely liable for any damage caused due to space operations. This creates an undue burden on start-ups and discourages them from taking on additional spaceRead more

Part I of this series details the issues addressed by a legal due diligence in respect of a co-working space. Part II of this series details the issues addressed by a technical due diligence undertaken on a proposed co-working space to ensure continuous and safe operations. Part III of this series details the safeguards that a co-working spaceRead more

This article examines the core conditions of the pre and post-take-over phases during the setting up of a co-working space, and the corresponding obligations of the parties. It is Part V in our series of articles on setting up and operating a co-working space in India. Part I of the series details the issues addressedRead more

This article examines a few of the owner-rights typically contained in an O&M Agreement.  It is Part IV in our series of articles on setting up and operating a co-working space in India. Part I of the series details the issues addressed by a legal due diligence undertaken on a premises to identify risks associatedRead more

 This article details the safeguards and mechanisms that co-working space operator can negotiate to nullify or mitigate the adverse affects of the sale of such property to a third party. It is Part III in our series of articles on setting up and operating a co-working space in India. Part I of the series detailsRead more

 This article details the typical issues addressed by a technical due diligence undertaken on a proposed co-working space to ensure continuous, safe, and incremental operations from the same. It is Part II in our series of articles on setting up and operating a co-working space in India. Part I of the series details the issuesRead more

This article details the issues addressed by a legal due diligence undertaken on a premises to identify risks associated with converting the same into a co-working space. It is Part I in our series of articles on setting up and operating a co-working space in India. Part II of the series details the typical issuesRead more

I. When is FCRA Registration required? Foreign contribution, in layman’s terms means any donation made from a foreign source to an Indian entity. Such entities are required to either receive permission or register with the Ministry of Home Affairs prior to accepting any foreign contribution[1] as defined under the Foreign Contribution (Regulation) Act, 2010 (“FCRA”). TheRead more

Vivo’s recent ad campaigns feature Aamir Khan and a child in an amusement park and shows off the impressive Vivo pop-up camera set up and “super night” mode – an enticing ad, definitely. However, the ad seems to have gotten the phone maker in hot water with the Ogilvy group. The Ogilvy group has filedRead more