On August 9, 2021, the lower house of the Indian Parliament passed the Limited Liability Partnership (Amendment) Bill, 2021 (LLP Bill). Once the LLP Bill receives the assent of the President, it can be notified. The LLP Bill is the first amendment to the Limited Liability Partnership Act, 2008 (LLP Act) since its enactment.
Majmudar & Partners has put together an analysis of these amendments.
Click here to download the full presentation.
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...
Download .pdf In a recent ruling, the Mumbai Bench of the Income-tax Appellate Tribunal (the “Tribunal”) has held that commission income earned by a non-resident distributor of mutual fund schemes of an Indian company cannot be taxed in India, if all the business...
Download .pdf Typically, private equity and venture capital investors seek various contractual rights to protect their investments and secure their returns. In relation to private investments in public enterprises or PIPE deals, it becomes important for minority...
Download .PDF In India, the Identification of Prisoners Act, 1920 (the “1920 Act”) permitted the collection of fingerprints, footprint impressions, and photographs of, among others, (i) persons convicted of a crime for which the punishment is one year of rigorous...
Download .PDF Amidst continuing uncertainty regarding the pandemic, the office of the Development Commissioner, Santacruz Electronic Export Processing Zone (“SEEPZ”) Special Economic Zone (“SEZ”) through an order dated March 22, 2022 (the “SEEPZ Circular”), has...