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...
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”)...
