by Majmudar & Partners | Jun 10, 2016 | Insolvency and Restructuring
Background – The need for a new law The Indian legal framework for insolvency resolution, debt recovery and restructuring of stressed assets was ineffective in ensuring satisfactory repair of credit default mainly due to the fact that insolvency and debt...
by Majmudar & Partners | May 26, 2016 | Securities Law
Introduction On May 19, 2016, the Securities and Exchange Board of India (the “SEBI”), in its board meeting, specified certain additional measures to enhance transparency and control over the issuance of offshore derivative instruments (“P-Notes”). These measures...
by Majmudar & Partners | May 12, 2016 | Corporate/M&A, Tax
Introduction Under the bilateral double taxation avoidance agreement between India and Mauritius (the “Mauritius DTAA”), any capital gain arising from the sale of shares can be taxed only in Mauritius and not in India. India has been attempting to renegotiate the...
by Majmudar & Partners | Apr 27, 2016 | Real Property
Introduction After much deliberation in the Indian Parliament, on March 25, 2016, the Real Estate (Regulation and Development) Act, 2016 (the “Act”) was enacted. The Act seeks to regulate the real estate sector, and pave the way for speedier dispute resolution...
by Majmudar & Partners | Apr 13, 2016 | Banking and Finance
Introduction On April 11, 2016, the Reserve Bank of India (the “RBI”) flagged off the Unified Payment Interface (“UPI”) system, which will be a channel that will enable multiple bank accounts to be accessed through a single mobile application (“APP”). The launch of...
