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.
In the Air India Limited case, the Delhi High Court has, once again, reiterated that for payments made by an Indian tax resident to a non-resident, the Indian payor will be correct in applying the withholding tax rate prescribed under the double taxation avoidance...
Download .pdf Mergers and Acquisitions (“M&A”) are strategic business collaborations that form an indispensable part of the corporate world. Parties have to mutually consent upon key terms and considerations regarding the target’s business before closing the deal....
Download .pdf Recognizing the prevalence of flexible hybrid working models and taking into account industry demands, the Ministry of Commerce and Industry, Government of India, has introduced a new Rule 43A – “Work from Home” in the Special Economic Zones Rules, 2006...
Download .pdf On the occasion of Income Tax Day, the firm's tax team, headed by Ravi S. Raghavan, has compiled noteworthy tax law changes and happenings over the last year. Retrospective application of Indirect Share Transfer provisions nullified Indian tax...
Download .pdf Since the advent of globalization, enterprises have started engaging in increasingly complex cross-border transactions. In many cases, such mandates involve dealing, interfacing and obtaining approvals from government entities in foreign countries. So as...
In PTC India Financial Services Limited v. Venkateswarlu Kari, 2022 SCC OnLine SC 608(the “PTC Ruling”), India’s Supreme Court (“SC”) has held that the law on enforcing a pledge of dematerialized shares is not distinct from that applicable to enforcing a pledge of...