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 reopening offices and factories. The use of the Aarogya Setu app has been made optional for private-sector employees.
The Reserve Bank of India has recently notified that shares held by foreign portfolio investors (FPIs) in listed Indian companies in excess of the 10% investment cap will either have to be divested or reclassified as foreign direct investment (FDI). Moreover, on...
We are honoured to be recognised as a Top Corporate M&A Boutique Firm for 2024 by Asian Legal Business India. Read more here.
We are pleased to share that Akil Hirani, Managing Partner and Head of Transactions, and Rukshad Davar, Partner and Head - M&A Practice Group, have been recognized as leading lawyers by Legal Era in their 2024-25 rankings. Congratulations to them all.
Akil Hirani, Managing Partner and Head of Transactions, shared his insights on the impact of the US elections on business and legal activity in India in a recent article published in the Indian Business Law Journal. "US policies post-election could impact both...
Insider trading refers to the practice of trading a company's securities based on Unpublished Price Sensitive Information (“UPSI”), which is not available in the public domain. UPSI encompasses any information that, when made public, can significantly influence the...
The Indian tax authorities have denied treaty benefits to fiscally transparent entities such as foreign partnership firms and limited liability corporations (LLCs) on the ground that such entities are not liable to tax in their home country and do not qualify as tax...