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...
by Majmudar & Partners | Jun 17, 2020 | Insolvency and Restructuring
On June 5, 2020, the Indian government promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 (the “Ordinance”). The Ordinance has been promulgated as a part of the economic package announced by India’s Finance Minister last month. The Ordinance...
by Majmudar & Partners | Jun 1, 2020 | COVID-19, Employment Law
India is the fifth-largest economy in the world with a workforce of 400 million. Several companies across the world have wholly-owned subsidiaries in India, mainly in sectors like IT and IT-enabled services, financial services, consulting, insurance and healthcare. A...
by Majmudar & Partners | May 8, 2020 | Tax
In the recent case of the UAE Exchange Centre, India’s Supreme Court (SC) highlighted the principles surrounding the taxability of foreign entities having a liaison office or a place of business in India. It should not be presumed that a liaison office will not...
