by Majmudar & Partners | Jul 27, 2023 | Employment Law
Download .pdf In the recent ruling of Dr. R.K. Pachauri v. Union of India and Others, the New Delhi Industrial Tribunal (the “Tribunal”) has reiterated the importance of following principles of natural justice and confirmed that the Internal Complaints Committee (the...
by Majmudar & Partners | Jun 20, 2023 | Banking and Finance, Tax
Download .pdf Background Through notifications issued in May 2023, the Ministry of Finance, Government of India, has widened the scope of the Prevention of Money Laundering Act, 2002 (the “PMLA”). The aim of these notifications appears to be to aid investigative...
by Majmudar & Partners | Jun 6, 2023 | Corporate/M&A
Download .pdf Background Section 233 of the Companies Act, 2013 permits fast-track mergers of certain classes of companies such as: (i) start-up companies; (ii) small companies; and (iii) holding companies and their wholly owned subsidiaries. Even though the...
by Majmudar & Partners | May 25, 2023 | Tax
Download .pdf In a recent ruling, the Hyderabad Income Tax Appellate Tribunal (the “Tribunal”) has, in the Vertex Projects case, held that if shares are received in a scheme of amalgamation by an amalgamated company being less than the fair market value (“FMV”), then...
by Majmudar & Partners | May 18, 2023 | Private Equity and Venture Capital, Securities Law
Download .pdf Introduction In a circular issued last month (the “Circular”), the Securities and Exchange Board of India (the “SEBI”) has allowed specific investors to excuse or exclude themselves from any particular investment being made by an alternative investment...
