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Rules of natural justice should be adhered to in cases of sexual harassment at the workplace

Rules of natural justice should be adhered to in cases of sexual harassment at the workplace

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...
India expands the ambit of its money laundering law and imposes responsibilities on professionals

India expands the ambit of its money laundering law and imposes responsibilities on professionals

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...
Fast track mergers now have a definite timeline

Fast track mergers now have a definite timeline

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...

Hyderabad Tribunal rules that receipt of shares in a scheme of amalgamation is taxable

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...

SEBI allows LPs to choose the AIF investments they want to participate in

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...
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Majmudar & Partners (previously known as Majmudar & Co.), founded in 1943, is one of India’s premier law firms, serving an impressive roster of global corporations, major banks, and financial institutions, blending over 75 years of legal excellence with modern, international best practices.

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