by Majmudar & Partners | Sep 14, 2021 | Corporate Social Responsibility, Corporate/M&A
In the past year, the Indian government introduced many significant corporate and tax changes to India’s corporate social responsibility (CSR) regime (Read our update on CSR regime here), culminating in FAQs released last month. This presentation by Majmudar &...
by Majmudar & Partners | Aug 27, 2021 | Corporate/M&A, Policy & Governance Updates
On August 9, 2021, the lower house of the Indian Parliament passed the Limited Liability Partnership (Amendment) Bill, 2021 (LLP Bill). Once the LLP Bill receives the assent of the President, it can be notified. The LLP Bill is the first amendment to the Limited...
by Majmudar & Partners | Aug 24, 2021 | Disputes and Arbitration, Technology, Telecommunication and Media
Online fantasy sports (“OFS”) have seen a major surge in India in the last few years. This has resulted in questions being raised on the legality of OFS platforms (i.e., OFS platforms encourage pure gambling and are not “games of skill”) before different High...
by Majmudar & Partners | Aug 19, 2021 | Banking and Finance, Corporate/M&A
Background In 2020, the Reserve Bank of India (RBI) issued guidelines to regulate payment aggregators and payment gateways. The existing framework mandates banks and NBFCs to follow various rules for outsourcing of financial services, which include...
by Majmudar & Partners | Aug 17, 2021 | Securities Law
The Securities and Exchange Board of India (SEBI) recently approved changes to a number of regulations, which inter alia introduced stringent norms for independent directors, approved a shift away from the concept of “promoters”, and relaxed...
