Parul Jain co-heads the International Tax and Fund Formation Practices at Nishith Desai Associates. She focuses on international taxation, cross border transactions and fund formation practice areas including cross border investments and group reorganization strategies, M&A transactions and venture capital/private equity funding structures.

Areas of Proven Expertise
Parul is particularly adept in advising on cross border issues arising from investments into India. She has represented several prominent private equity, venture capital, growth and angel funds in setting up their onshore and offshore fund structures including assisting them with negotiations with LPs. She has also worked with technology companies in advising them on matters involving digital taxation. She was the India Branch co-reporter for the subject “Taxation and Fundamental Rights: Taxpayers’ Procedural Rights in a Globalised World” for the IFA 2015 Basel Congress. She was also the Secretary to the panel on “Indirect Transfer of Assets” for the IFA 2014 Mumbai Congress and to the panel on “Tax Treaty Override” for the IFA 2019 London Congress. This apart, she is a regular speaker at domestic and international seminars and actively contributes to various international publications. She also formed part of a four member committee which advised SEBI on changes to be brought to Angel fund Regulations in India.

Certain Significant Engagements

• Represented a large real estate company in demerger of its real estate business
• Represented a large multi-billion dollar private equity fund in restructuring its Indian Alternate Investment Fund set up in India
• Represented a large private equity fund in structuring acquisition of infrastructure assets in India
• Represented a US based Angel Network in setting up a syndicate platform in India
• Advised a Mauritius based investor in defending its tax treaty claim before the Delhi High Court.
• Represented a Singapore investor in redomiciling its Indian investment into a European entity
• Advised a UK bank on tax issues and securities law issues arising out of securities borrowing and lending transactions in India
• Advised a US-based multinational corporation in tax issues arising out of reorganisation of their capital structure due to merger and capital reduction transactions
• Advised a US-based multinational corporation on taxation of arbitration award received on account of a contractual dispute with an Indian party