by Majmudar & Partners | Nov 9, 2016 | Corporate/M&A, Tax
Major Reform In a big bang reform, effective midnight of November 9, 2016, the Indian government has banned INR500 and INR1000 currency notes (the “Banned Notes”). The decision has been taken to root out fake currency and cash (black) money and eliminate corruption,...
by Majmudar & Partners | Oct 17, 2016 | Corporate/M&A
Introduction In the last couple of years, the Indian government has taken many initiatives to ease the process of incorporating a company in India and reduce the time frame to establish a business in India. On October 1, 2016, the Ministry of Corporate Affairs of the...
by Majmudar & Partners | Sep 16, 2016 | Corporate/M&A
This update discusses the implications of a recent cautionary notice issued by the Securities and Exchange Board of India (the “SEBI”) in respect of equity funding websites catering to the capital requirements of Indian start-ups. Further, this update also discusses...
by Majmudar & Partners | Sep 7, 2016 | Corporate/M&A, Tax
Introduction In a recent ruling in the case of Banca Sella SpA (AAR No. 1130 of 2011 dated August 17, 2016), India’s Authority for Advance Rulings (“AAR”) has held that, although the Indian branch office (“IBO”) of a foreign company is a capital asset for tax...
by Majmudar & Partners | Sep 1, 2016 | Disputes and Arbitration
Introduction Recently, in three (3) identical matters (two (2) of which were filed by the Board of Control for Cricket in India (“BCCI”) against Rendezvous Sports World and Kochi Cricket Private Limited, respectively,) where the award-debtors sought to dismiss the...
