- Counsel
Sankalp Sharma
- sankalp@indiacounsel.in
Sankalp leads ICN’s tax and enforcement practice from Mumbai. He is a dual expert in direct/indirect tax litigation and white collar crime, with significant exposure to cross- border regulatory challenges.
Practice Areas
Education
Sankalp has also taught White Collar Crime at Maharashtra National Law University and has prior experience with Khaitan & Co and PwC.
Location
Sankalp’s advisory role is extensive and highly specialized. He consistently provides strategic counsel to multinational pharmaceutical and oil firms, guiding them through the complexities of Goods and Services Tax (GST), customs regulations, the Prevention of Money Laundering Act (PMLA), and inquiries from the Enforcement Directorate (ED). Beyond corporate entities, he also offers critical advice to corporate boards and independent directors regarding their liabilities under various financial laws, ensuring robust governance and compliance frameworks.
A significant portion of his practice involves assisting clients with stringent compliance requirements related to the Foreign Exchange Management Act (FEMA), Securities and Exchange Board of India (SEBI), and Reserve Bank of India (RBI) circulars. Furthermore, Sankalp is a trusted resource for foreign companies facing investigations into economic offenses or allegations of tax evasion, providing astute legal representation and strategic defense. His litigation prowess extends to challenging the legal validity (vires) of fiscal statutes and regulatory procedures through writ petitions, demonstrating his profound understanding of constitutional and administrative law in a fiscal context.
- Multinational pharma and oil firms on GST, customs, PMLA, and ED inquiries.
- Boards and independent directors on liability under financial laws.
- Clients on compliance with FEMA, SEBI, and RBI circulars.
- Foreign companies under investigation for economic offences or tax evasion.
- In writ petitions challenging vires of fiscal statutes and regulatory procedures.