On National Technology Day, Amrit Mehta, Corporate Partner at Majmudar & Partners, addresses certain key legal issues for tech start-ups in India.
Genpact India Pvt. Ltd. v. Directorate of Enforcement: Round-tripping and Indian foreign exchange law risks in cross-border transactions
Can a transaction that complies with foreign exchange laws at every step still be violative? In Genpact India Private Limited v. Directorate of Enforcement, the Karnataka High Court observed that formal compliance did not by itself end the inquiry under the Foreign...