by Majmudar & Partners | Jun 29, 2018 | Foreign Investment
Consolidated reporting form for foreign investment transactions On June 7, 2018, the Reserve Bank of India (the “RBI”) released a circular (the “Circular”) changing the reporting formats in all transactions involving issuance, or transfer of shares of Indian companies...
by Majmudar & Partners | Jun 19, 2018 | Employment Law
In India, each State has its own Shops and Establishments law which regulates the working conditions of employees engaged in shops and commercial establishments, other than in factories. On December 19, 2017, the new Maharashtra Shops and Establishments (Regulation...
by Majmudar & Partners | Apr 21, 2018 | Corporate/M&A, Foreign Investment
The Companies Act, 1956 permitted inbound mergers, i.e., merger of a foreign company into an Indian company. Even then, there were no foreign exchange regulations on inbound mergers. A key change that was introduced by the Companies Act, 2013 (the “Companies Act”)...
by Majmudar & Partners | Mar 31, 2018 | Employment Law
Introduction On March 16, 2018, the Ministry of Labour and Employment notified the Industrial Employment (Standing Orders) Central (Amendment) Rules, 2018 (the “Amendment Act”), which amends the Industrial Employment (Standing Orders) Act, 1946 (the “Act”) and the...
by Majmudar & Partners | Feb 2, 2018 | Policy & Governance Updates, Tax
Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2018, and the Finance Bill, 2018 (the “Finance Bill”) was tabled in Parliament. Most of the income tax proposals in the Finance Bill will be effective from the financial year commencing on...
