by Majmudar & Partners | Dec 16, 2016 | Corporate/M&A
On December 7, 2016, the Indian government notified several provisions of the Companies Act, 2013 (the “2013 Act”), including provisions on variation of shareholders’ rights, reduction of capital, mergers and amalgamations, winding up by the National Company Law...
by Majmudar & Partners | Dec 9, 2016 | Corporate/M&A
Introduction On November 23, 2016, the Securities and Exchange Board of India (the “SEBI”) approved several important changes to Indian securities regulations, including, an amendment to the SEBI (Alternative Investment Fund) Regulations, 2012 (the “AIF Regulations”)...
by Majmudar & Partners | Nov 25, 2016 | Tax
There have been a number of important tax developments and cases in India over the last couple of months. In this update, we provide snippets on the new India-Cyprus tax treaty and other key direct tax cases. India-Cyprus Tax Treaty The double taxation avoidance...
by Majmudar & Partners | Nov 17, 2016 | Corporate/M&A, Private Equity and Venture Capital
Introduction This update discusses certain key changes to India’s foreign exchange regulations implemented recently. Foreign investment in financial services Recently, the Reserve Bank of India (the “RBI”) notified an amendment to the Foreign Exchange (Transfer or...
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,...
