In the last tranche of the economic relief package, India’s FM has opened up all sectors to private players. A new public sector enterprises (PSE) policy will list strategic and non-strategic sectors. Strategic sectors will have at least 1 PSE, although the maximum number of PSEs has been capped to 4.
This move will lead to consolidation or privatisation of existing PSEs and paves the way for participation of private players in key sectors like atomic energy, mining, defence and railways.
SEBI has sent out notices to several AIFs for failing to honour the timeline of funds specified in their offer documents. Akil Hirani, Managing Partner, was quoted by IBLJ on the topic. "While some degree of flexibility is needed, as markets are cyclical and...
We are pleased to announce that the firm’s role as buyer’s counsel representing Thrasio Holdings, Inc. (Thrasio) in its acquisition of a majority stake in Lifelong Online Retail Private Limited (Lifelong) has been named among the Deals of the Year 2022 by India...
Currently, under Section 56(2)(viib) of the Income-tax Act, 1961 (ITA), if an Indian private company issues shares to a resident at a premium and the consideration paid for the shares is higher than the fair market value of such shares, then the excess consideration...
We are pleased to announce that Akil Hirani, Rukshad Davar and Neerav Merchant have been included in India Business Law Journal's A-List for 2022-2023. The A-List is based on extensive research conducted by India Business Law Journal. To determine India’s...
Majmudar & Partners has been ranked in 13 practice areas in The Legal 500 (Legalease) Asia Pacific 2023 edition. Congratulations to the partners and the team members for their hard work and stellar performance. Ranked Practice Areas Antitrust and...
Majmudar & Partners’ position as a leading Indian law firm has been affirmed by its rankings in the 2023 edition of Chambers & Partners Asia-Pacific in the practice areas of Corporate/M&A – The Elite, Dispute Resolution, Employment, Life Sciences, Real...