by Majmudar & Partners | Aug 7, 2019 | Banking and Finance, Foreign Investment
Introduction Earlier this year, the Reserve Bank of India (the “RBI”) had revised the framework on external commercial borrowings (“ECBs”), and put in place a new and simplified framework for Indian entities to borrow monies from foreign lenders. (Read our update on...
by Majmudar & Partners | Jul 16, 2019 | Employment Law
Introduction In India, the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (the “Harassment Act”) and the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013 (the “Harassment Rules”)...
by Majmudar & Partners | Jul 12, 2019 | Policy & Governance Updates, Tax
Introduction India’s Union Budget (the “Budget”) was announced on July 5, 2019, and the Finance Bill, 2019 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and therefore, it is likely that the...
by Majmudar & Partners | Jun 24, 2019 | Employment Law
In a recent ruling, India’s Supreme Court (the “SC”) reiterated the basic tests to be applied in determining whether contract labourers can be classified as direct employees. This update discusses the SC ruling and analyzes the precautions that employers should adopt...
by Majmudar & Partners | Jun 12, 2019 | Insolvency and Restructuring
On April 2, 2019, India’s Supreme Court (the “SC”) quashed the Reserve Bank of India’s (the “RBI”) consolidated framework for resolution of stressed assets (the “2018 Framework”) as being ultra vires the RBI’s powers under the Banking Regulation Act, 1949 (the...
