On National Technology Day, Amrit Mehta, Corporate Partner at Majmudar & Partners, addresses certain key legal issues for tech start-ups in India.
FEMA notification confirms legality of bonus shares issued to foreign shareholders in prohibited sectors
Download .pdf On June 11, 2025, the Department of Economic Affairs, Ministry of Finance, Government of India issued Notification S.O. 2549(E) (“2025 Notification”) amending Rule 7 of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (the “NDI...