by Majmudar & Partners | Jan 25, 2018 | Foreign Investment
Introduction On January 10, 2018, the Indian government approved a number of amendments to India’s Foreign Direct Investment Policy (the “FDI Policy”) with a view to further improve the ease of doing business in India. The reforms cover single brand retail trading,...
by Majmudar & Partners | Jan 17, 2018 | Corporate/M&A
India’s Companies Act, 2013 Over the last five (5) years, India has adopted a new company law regime under the Companies Act, 2013 (the “Act”) and the rules thereunder. Since its implementation, the Act has been amended once in 2015, and various clarifications and...
by Majmudar & Partners | Dec 19, 2017 | Insurance Law, Private Equity and Venture Capital
Introduction On December 5, 2017, the Insurance Regulatory and Development Authority of India (the “IRDAI”) issued the IRDAI (Investment by Private Equity Fund or Alternate Investment Fund in Indian Insurance Companies) Guidelines, 2017 (the “PE Investment...
by Majmudar & Partners | Nov 27, 2017 | Corporate/M&A, Foreign Investment
It is commonplace in global M&A deals for buyers and sellers to strongly negotiate the seller’s indemnity obligations, and many a times, unsatisfactory seller indemnities result in deals not going through. Effective May 20, 2016, the Reserve Bank of India (the...
by Majmudar & Partners | Nov 9, 2017 | Tax
Brief Background Under the provisions of the Income-tax Act, 1961 (the “ IT Act”), the income of a non-resident will be deemed to accrue or arise in India if it arises, directly or indirectly, through or from any business connection, property, asset or source of...
