NEWS & UPDATES
June 17, 2020

WEBINAR ON OVERVIEW OF EMPLOYMENT LAWS IN INDIA

Our partner, Amrit Mehta, will be speaking in a joint webinar with Mr. Takuya Fujimoto from Horitsumarket Corporation, Tokyo. Topic: Overview of Employment Laws in India Time: 0930 IST – 1100 IST (1300 JST – 1430 JST) Date: Thursday, June 18, 2020 The webinar will cover certain key aspects of Indian employment legislation that may…

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June 11, 2020

N. RAJA SUJITH EXPRESSES HIS OPINION ON THE ISSUE OF SWEAT EQUITY SHARES BY START UPS WITH BUSINESS STANDARD

Start-ups can now issue sweat equity shares to their employees for up to 10 years from the date of their incorporation or registration. Our partner and head (South India) N. Raja Sujith, along with other industry experts and legal experts opine on the move. Click here to read the coverage.

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June 10, 2020

NEERAV MERCHANT DISCUSSES THE FUNCTIONING OF INDIAN COURTS DURING THE COVID-19 LOCKDOWN WITH THE INTERNATIONAL BAR ASSOCIATION

Our Partner, Neerav Merchant shares his views on the functioning of Indian courts during the Covid-19 lockdown in a recent article authored by Margaret Taylor, titled “Dispute resolution: pandemic strains system but forces new approaches”, published on the IBA website. Read the article here.  

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June 7, 2020

INDIA’S AAR HAS REJECTED THE NIL WITHHOLDING TAX APPLICATIONS MADE BY THREE MAURITIUS BASED COMPANIES

India’s Authority for Advance Rulings has, recently, rejected the nil withholding tax applications made by US-based hedge fund, Tiger Global Management’s three Mauritius-based companies, in respect of capital gains arising out of the $16-billion Walmart-Flipkart deal in May 2018. Tiger Global was one of the prominent shareholders in India’s homegrown e-commerce major, Flipkart. The issue…

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June 5, 2020

N. RAJA SUJITH FEATURED IN THE WEEK FOR HIS THOUGHTS ON CHALLENGES INVOLVED IN DRONE DELIVERY OF FOOD

N. Raja Sujith, Partner and Head of South India at Majmudar & Partners, has been featured in The Week. In the article, he shares his thoughts on how food delivery by drones though revolutionary will come with its own set of challenges. “Delivering food and other products through drones is a part of the future…

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June 2, 2020

NEERAV MERCHANT IN CONVERSATION WITH LEGAL LEAGUE CONSULTING ON THE LOCKDOWN AND ITS EFFECTS ON OUR LIVES

Neerav Merchant, Partner at Majmudar & Partners, shares his thoughts with Legal League Consulting on how the lockdown has impacted our daily activities and that “change is the only constant”.

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June 1, 2020

INDIAN GOVERNMENT ISSUES NEW GUIDELINES FOR REOPENING THE LOCKDOWN

Yesterday, the Indian government issued new guidelines for reopening the lockdown in 3 phases. The lockdown will continue in containment zones until June 30. In the first phase, hotels, eateries, shopping malls and religious places can open from June 8. Social distancing measures will continue. States have the authority to impose stricter guidelines. For instance,…

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May 19, 2020

RUKSHAD DAVAR EXPRESSES HIS VIEWS ON THE DISCONTENT OF SMALL INVESTORS WITH THE HINDU BUSINESS LINE

Our Partner, Rukshad Davar, features in Business Line (aka The Hindu Business Line), with his thoughts on the discontent of small investors in the wake of cases such as PMC, DHFL, CKP and Franklin Templeton, among others. “In any bank, the liability for equity holders is limited to the face value of shares. The developments…

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GOVERNMENT OF INDIA DECIDES TO EXEMPT ALL DEBTS RELATED TO COVID-19

The Indian government’s decision to exempt all debts related to Covid-19 from the definition of default under the Insolvency and Bankruptcy Code (IBC) and to suspend new cases for a year seems to be a risky proposition as this will put undue pressure on banks and financial institutions (FIs) pursuing the restructuring of their debtors….

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May 18, 2020

INDIAN GOVERNMENT EXTENDS LOCKDOWN TILL MAY 31,2020

The Indian government has extended the nationwide lockdown until May 31 and provided a broad framework containing prohibited activities and relaxed social distancing norms. States have been directed to provide detailed guidelines depending on the situation within the State. Given this, employers will have to assess the guidelines issued by the relevant State prior to…

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