by Majmudar & Partners | Sep 10, 2020 | Insolvency and Restructuring
On November 15, 2019, the Indian government notified the commencement of Part III of the Insolvency and Bankruptcy Code, 2016 (IBC), which provides for the insolvency resolution process for individuals and partnership firms. The relevant provisions in so far as they...
by Majmudar & Partners | Sep 2, 2020 | Banking and Finance, Corporate/M&A
Introduction Letters of Comfort (LoC) have been issued by the promoters of various borrower companies to Indian banks, overseas branches of Indian banks and non-bank lenders. In many cases, these have been equated with guarantees. On August 19, 2020, the Bombay High...
by Majmudar & Partners | Aug 20, 2020 | Private Equity and Venture Capital
COVID-19 is having an adverse effect on private equity and venture capital investments in India. As per industry reports and experts’ views, PE and VC investments in India may decline up to 60% in 2020 due to the pandemic. In 2019, PE and VC investment activities...
by Majmudar & Partners | Jul 6, 2020 | Private Equity and Venture Capital
After the nationwide lockdown was imposed in the third week of March, India’s Securities and Exchange Board of India (the “SEBI”) has been quick-thinking in introducing a slew of relaxations for the securities market with a focus to lessen the burden of listed...
by Majmudar & Partners | Jun 24, 2020 | Disputes and Arbitration, Foreign Investment
Foreign investment in India is regulated by the Ministry of Finance and the Reserve Bank of India (RBI), and foreign investors have a strict onus of complying with India’s Foreign Exchange Management Act, 1999 (FEMA), and its rules and regulations. Any breach of the...
