by Majmudar & Partners | Mar 4, 2021 | Technology, Telecommunication and Media
Background On February 25, 2021, the Indian government unveiled the Information Technology (Guidelines for Intermediaries and Digital Media Ethics Code) Rules, 2021 (the “New Rules”). Once notified in the Official Gazette, the Intermediary Rules will supersede...
by Majmudar & Partners | Feb 12, 2021 | Tax
Recently, in the case of Technip France SA, the Authority for Advance Rulings (the “AAR”) dealt with the issue of taxability in India of an offshore supply of equipment and provision of offshore services. The AAR held that the payment for the offshore supply was not...
by Majmudar & Partners | Feb 5, 2021 | Competition, Corporate/M&A, Disputes and Arbitration
Recently, in Ireo Grace Realtech Private Limited v. Abhishek Khanna and Ors. (C.A. 5785 of 2019), India’s Supreme Court (the “SC”) examined the binding value of oppressive and one-sided contracts, and the recourse for affected parties under Indian consumer protection...
by Majmudar & Partners | Feb 3, 2021 | COVID-19, Securities Law
Enforcement action in the US In March 2020, the Securities Exchange Commission (the “SEC”) formed a Coronavirus Steering Committee to actively oversee the monitoring of COVID-19-related misconduct by listed entities. On December 4, 2020, the SEC issued its first...
by Majmudar & Partners | Feb 1, 2021 | Policy & Governance Updates, Tax
Introduction India’s Union Budget (the “Budget”) was announced today (February 1, 2021), and the Finance Bill, 2021 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and therefore, it is likely that...
