Ajay Bahl

Co–Founder & Managing Partner

Our most challenging matters are advisory ones, and we need to orient and mentor our lawyers to shift focus. Advice on taxation is as significant as a multi–million dollar transaction, because you’re laying down legal principles and precedents.

Ajay burns the candle at both ends. He runs half–marathons, loves jazz and is very, very passionate about taxation law. This attitude to work and play trickles down from the top.

Bahram on Ajay

Ajay Bahl is widely recognised as one of India’s foremost corporate attorneys. He is also a qualified chartered accountant, which is advantageous in complex, high–profile, legal and tax transactions. Ajay regularly advises clients on investigations into allegations of fraud and misstatements in financial statements and on tax and regulatory filings. He is known for his expertise in structuring, restructuring and transfer pricing–related issues and has been praised by Chambers & Partners Asia–Pacific for his, “sharp commercial mind and ability to lead from the front.”

DIRECTORSHIPS, MEMBERSHIPS AND AFFILIATIONS

  • Chairman, the Confederation of Indian Industry (CII) Task Force on Judicial Reforms (2021 – 2022, 2020 – 2021 and 2018 – 2019)
  • Member, The Study Group constituted for the research project on ‘Classification of Errors: An analytical study based on the decisions taken in disciplinary cases’ under the aegis of the Research Committee of the Institute of Chartered Accountants of India (ICAI) (2020)
  • Member, Committee constituted by the Ministry of Corporate Affairs, Government of  India, to examine the comments received on “Consultation Paper to examine the existing provisions of law and make suitable amendments therein to enhance audit independence and accountability” (2020)
  • Member, High Level Committee, constituted by the Ministry of Corporate Affairs, to prepare the investigation manual for the serious fraud investigation office (2020)
  • Member, Confederation of Indian Industry (CII) Economic Growth and Investments Council (2012 – Present)
  • Member, Board of Governors of the Indian Institute of Corporate Affairs (IICA), nominated by the Ministry of Corporate Affairs, Government of India (2017 – Present)
  • Member, Appellate Panel, formed by the Institute of Insolvency Professionals of ICAI (IIIPI), set up to address disciplinary issues pertaining to insolvency professionals (2017 – Present)
  • Member, Company Law Committee (CLC) constituted by the Government of India, to examine and make recommendations to the Government on various provisions and issues pertaining to implementation of the Companies Act, 2013 and the Limited Liability Partnership Act, 2008 (2019) 
  • Member, 2nd Company Law Committee (CLC), set up by the MCA to suggest amendments to the Companies Act, 2013, to facilitate ease of doing business in India (2019)
  • Member, Committee to review the offences under the Companies Act, 2013, constituted by the Ministry of Corporate Affairs, Government of India (2018)
  • Member, Committee to simplify the provisions of the Income Tax Act, 1961, constituted by the Ministry of Finance, Government of India (2015)

Professional Qualifications

  • Bachelor of Law, University of Delhi (1985) 
  • Chartered Accountant, Institute of Chartered Accountants of India (1978)

Of all of us, Ajay is the most balanced. He has a life and is very client–engaged. He runs a great firm out of Delhi and our views are aligned.

Zia on Ajay

WORK HIGHLIGHTS

The sheer diversity and depth of Ajay’s experience, which his clients depend on, applies across practice areas and sectors. They include advisory, tax and tax litigation, dispute resolution, regulatory and policy review, transaction structuring and restructuring, succession planning, change of residential status and overseas relocation planning and implications under different laws including in the country of relocation.

RECENT RECOGNITION

2022

2021

2020

2019

AsiaLaw Profiles

‘Elite Practitioner’ for Corporate / M&A, Private Equity and Tax

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

AsiaLaw Profiles

‘Elite Practitioner’ for Corporate / M&A, Private Equity and Tax

Chambers & Partners Asia-Pacific

‘Eminent Practitioner’ for Corporate / M&A for Private Equity

Chambers & Partners Global

‘Eminent Practitioner’ for Corporate / M&A

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

India Business Law Journal

Featured in ‘A–List of India’s Top 100 Lawyers’

Legal 500 Asia Pacific

  • Inducted into the ‘Hall of Fame’ for Corporate / M&A and Tax
  • Recommended for Private Equity & Investment Funds and Private Client Practice

Who’s Who Legal

  • ‘Thought Leader Global Elite’ for M&A
  • Thought Leaders – Firm Management
  • Recommended for Corporate Governance and M&A

AsiaLaw Profiles

‘Elite Practitioner’ for Corporate / M&A, Private Equity and Tax

Benchmark Litigation Asia Pacific

‘Litigation Star of the Year’

Chambers & Partners Asia-Pacific

  • ‘Eminent Practitioner’ for Corporate / M&A for Private Equity
  • Ranked for Tax

Chambers & Partners Global

‘Eminent Practitioner’ for Corporate / M&A

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

India Business Law Journal

Featured in ‘A–List of India’s Top 100 Lawyers’

Legal 500 Asia Pacific

‘Leading Individual’ for Corporate / M&A and Tax

Who’s Who Legal

  • Recommended for Corporate Tax-Controversy
  • ‘Thought Leader’ for Corporate Governance and M&A
  • ‘Leading Practitioner’ for Corporate Tax

AsiaLaw Leading Lawyers

‘Market Leading Lawyer’ for Corporate / M&A

Chambers & Partners Asia-Pacific

  • ‘Eminent Practitioner’ for Corporate / M&A for Private Equity
  • Ranked for Tax

Chambers & Partners Global

‘Eminent Practitioner’ for Corporate / M&A

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

India Business Law Journal

Featured in ‘A–List of India’s Top 100 Lawyers’

Legal 500 Asia Pacific

‘Leading Individual’ for Corporate / M&A and Tax

RSG India Report

Recommended for Tax and Regulatory Advice

Who’s Who Legal

  • ‘Thought Leader – India’ for Corporate Governance and M&A
  • ‘Thought Leader’ for Corporate Governance and M&A
  • ‘Leading Practitioner’ for Corporate Tax, M&A, Governance

RECENT RECOGNITION

AsiaLaw Profiles

‘Elite Practitioner’ for Corporate / M&A, Private Equity and Tax

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

AsiaLaw Profiles

‘Elite Practitioner’ for Corporate / M&A, Private Equity and Tax

Chambers & Partners Asia-Pacific

‘Eminent Practitioner’ for Corporate / M&A for Private Equity

Chambers & Partners Global

‘Eminent Practitioner’ for Corporate / M&A

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

India Business Law Journal

Featured in ‘A–List of India’s Top 100 Lawyers’

Legal 500 Asia Pacific

  • Inducted into the ‘Hall of Fame’ for Corporate / M&A and Tax
  • Recommended for Private Equity & Investment Funds and Private Client Practice

Who’s Who Legal

  • ‘Thought Leader Global Elite’ for M&A
  • Thought Leaders – Firm Management
  • Recommended for Corporate Governance and M&A

AsiaLaw Profiles

‘Elite Practitioner’ for Corporate / M&A, Private Equity and Tax

Benchmark Litigation Asia Pacific

‘Litigation Star of the Year’

Chambers & Partners Asia-Pacific

  • ‘Eminent Practitioner’ for Corporate / M&A for Private Equity
  • Ranked for Tax

Chambers & Partners Global

‘Eminent Practitioner’ for Corporate / M&A

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

India Business Law Journal

Featured in ‘A–List of India’s Top 100 Lawyers’

Legal 500 Asia Pacific

‘Leading Individual’ for Corporate / M&A and Tax

Who’s Who Legal

  • Recommended for Corporate Tax-Controversy
  • ‘Thought Leader’ for Corporate Governance and M&A
  • ‘Leading Practitioner’ for Corporate Tax

AsiaLaw Leading Lawyers

‘Market Leading Lawyer’ for Corporate / M&A

Chambers & Partners Asia-Pacific

  • ‘Eminent Practitioner’ for Corporate / M&A for Private Equity
  • Ranked for Tax

Chambers & Partners Global

‘Eminent Practitioner’ for Corporate / M&A

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

IFLR1000

‘Highly Regarded’ for M&A and Private Equity

India Business Law Journal

Featured in ‘A–List of India’s Top 100 Lawyers’

Legal 500 Asia Pacific

‘Leading Individual’ for Corporate / M&A and Tax

RSG India Report

Recommended for Tax and Regulatory Advice

Who’s Who Legal

  • ‘Thought Leader – India’ for Corporate Governance and M&A
  • ‘Thought Leader’ for Corporate Governance and M&A
  • ‘Leading Practitioner’ for Corporate Tax, M&A, Governance