N. Raja Sujith, Partner at Majmudar & Partners, and Sinjini Majumdar, Associate at Majmudar & Partners have authored a concise update describing in detail, how the new employment laws from the recently announced Labour Code by the Government of India affect businesses.
Read the full update here.
Download .pdf The Supreme Court’s (the “SC”) decision ordering the liquidation of Jet Airways (India) Limited (“Jet Airways”) under the Insolvency and Bankruptcy Code, 2016 (the “IBC”) has finally put an end to the long-drawn battle to revive the airline through the...
Download .pdf Background India’s insurance industry is on the brink of transformative changes with the anticipated introduction of the Insurance Amendment Bill (the “Bill”) during the winter session of Parliament. This landmark reform builds on past efforts,...
Download .pdf Background Material Adverse Effect (“MAE”) or Material Adverse Change (“MAC”) clauses are often used in mergers and acquisition (“M&A”) agreements. MAC clauses are a double-edged sword. On the one hand, they protect an acquirer from...
Download .pdf The Bombay High Court has recently struck down the 2023 amendment (the “2023 Amendment”) to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (the “Intermediary Rules”), which amended Rule 3(1)(b)(v)...
Download .pdf Background The former Chief Executive Officer (the “Complainant”) of Safal Life Science (P) Ltd. (the “Company”) filed a criminal complaint under Sections 420 (cheating), 406 (criminal breach of trust), and 34 (acts done by several persons with common...
Download .pdf Background Foreign companies in India are often subjected to a tax audit scrutiny by the Indian tax authorities to check if they have a Permanent Establishment (“PE”) in India and what will be the profits attributable to such a PE. The issue of...