by Majmudar & Partners | Dec 1, 2020 | Employment Law
Introduction The first Human Immunodeficiency Virus (“HIV”) infection was detected in India in 1986, and currently, India has about 2.3 million people living with Acquired Immunodeficiency Syndrome (“AIDS”). AIDS is not only life-threatening but,...
by Majmudar & Partners | Oct 14, 2020 | Employment Law
A concise update describing in detail, how the new employment laws from the recently announced Labour Code by the Government of India affect businesses. Read the full update here.
by Majmudar & Partners | Oct 3, 2020 | Tax
India’s Central Board of Direct Taxes has issued Circular 17/2020 dated September 29, 2020 (effective October 1, 2020) (the “CBDT Circular”), providing important clarifications in respect of withholding tax on e-commerce transactions and tax collection at source on...
by Majmudar & Partners | Sep 10, 2020 | Insolvency and Restructuring
On November 15, 2019, the Indian government notified the commencement of Part III of the Insolvency and Bankruptcy Code, 2016 (IBC), which provides for the insolvency resolution process for individuals and partnership firms. The relevant provisions in so far as they...
by Majmudar & Partners | Sep 2, 2020 | Banking and Finance, Corporate/M&A
Introduction Letters of Comfort (LoC) have been issued by the promoters of various borrower companies to Indian banks, overseas branches of Indian banks and non-bank lenders. In many cases, these have been equated with guarantees. On August 19, 2020, the Bombay High...
