by Majmudar & Partners | Feb 2, 2023 | Tax
Download .pdf Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2023, and the Finance Bill, 2023 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and therefore, it...
by Majmudar & Partners | Jan 25, 2023 | Foreign Investment, Policy & Governance Updates
Download .pdf Recently, the University Grants Commission (the “UGC”) has published the Draft University Grants Commission (Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India) Regulations, 2023 (the “Draft Regulations”) proposing...
by Majmudar & Partners | Jan 18, 2023 | Employment Law
Download .pdf Amazon’s voluntary separation program In November 2022, Amazon initiated a voluntary separation program (“VSP”) which allowed eligible employees to resign voluntarily from employment in exchange for specific severance benefits, including twenty-two (22)...
by Majmudar & Partners | Jan 13, 2023 | Technology, Telecommunication and Media
Download .pdf Background On January 2, 2023, the Ministry of Electronics and Information Technology, Government of India (“MeitY”) invited comments from the public on a host of proposed amendments to the IT (Intermediary Guidelines & Digital Media Ethics Code)...
by Majmudar & Partners | Dec 28, 2022 | Tax
Download .pdf In the recent Redington Distribution Pte. Ltd case, the Chennai Bench of the Income-tax Appellate Tribunal (the “Chennai Tribunal) held that a subsidiary company based in Singapore (the “Singapore Subsidiary”) of an Indian holding company (“Indian...
