by Majmudar & Partners | Aug 13, 2021 | Tax
Background The taxability of capital gains arising from the transfer of shares of a foreign company that derives substantial value from Indian assets (commonly referred to as an indirect share transfer) has been a litigative issue in India. In January 2012, in...
by Majmudar & Partners | Aug 9, 2021 | Policy & Governance Updates
Majmudar & Partners has compiled a presentation that analyzes and scrutinizes the various initiatives to combat Climate Change in India. The presentation contains information regarding regulations, laws and measures taken by the Indian administration to curb the...
by Majmudar & Partners | Jul 23, 2021 | Banking and Finance
The Reserve Bank of India is proactively taking steps to ensure that customer payment data is processed and stored in India and is initiating actions against any company (including multinationals) who are in breach. Please view our discussion on the...
by Majmudar & Partners | Jun 10, 2021 | Tax
Facts Morgan Stanley Mauritius Company Limited (“MSMCL”) is a company incorporated in Mauritius and holds a valid tax residency certificate issued by the Mauritius tax authorities. In the financial year 2014-15, MSMCL invested in Indian Depository Receipts (“IDRs”)...
by Majmudar & Partners | May 28, 2021 | Authored by Rukshad Davar, Securities Law
Indian securities law has focussed on regulating, holding accountable and penalizing “promoters” as a result of concentrated family owned businesses which are largely prevalent in India. In this regard, the Securities and Exchange Board of India (the “SEBI”) defines a...
