On National Technology Day, Amrit Mehta, Corporate Partner at Majmudar & Partners, addresses certain key legal issues for tech start-ups in India.
Download .pdf Background Last month, India’s Securities and Exchange Board of India (the “SEBI”) amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “LODR”) by way of the SEBI (Listing Obligations and Disclosure Requirements)...
Download .pdf Background Through notifications issued in May 2023, the Ministry of Finance, Government of India, has widened the scope of the Prevention of Money Laundering Act, 2002 (the “PMLA”). The aim of these notifications appears to be to aid investigative...
Download .pdf Background Section 233 of the Companies Act, 2013 permits fast-track mergers of certain classes of companies such as: (i) start-up companies; (ii) small companies; and (iii) holding companies and their wholly owned subsidiaries. Even though the...
Download .pdf In a recent ruling, the Hyderabad Income Tax Appellate Tribunal (the “Tribunal”) has, in the Vertex Projects case, held that if shares are received in a scheme of amalgamation by an amalgamated company being less than the fair market value (“FMV”), then...
Download .pdf Indian Space Research Organization (“ISRO”) issued the Indian Space Policy - 2023 (the “Space Policy”) on April 20, 2023, after it received the approval of the Union Cabinet. The stated goal of the Space Policy is to be an overarching, composite...
Download .pdf Introduction In a circular issued last month (the “Circular”), the Securities and Exchange Board of India (the “SEBI”) has allowed specific investors to excuse or exclude themselves from any particular investment being made by an alternative investment...