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.
We are pleased to share that we have been ranked by ITR World Tax in the practice areas of General Corporate Tax, Indirect Tax and Transfer Pricing. Akil Hirani, Managing Partner and Head of Transactions, has been ranked by ITR World Tax in their 2025...
Tiger Global Eight Holdings (TGH), a Mauritius company, sold a portion of its shares of an Indian company that were acquired prior to April 1, 2017 and claimed capital gains tax exemption under the double taxation avoidance agreement between India and Mauritius...
The Securities and Exchange Board of India (“SEBI”) has released a consultation paper proposing to modify the disclosure requirements for large foreign portfolio investors (“FPIs”). In August 2023, by its circular SEBI/HO/AFD/AFD-PoD-2/CIR/P/2023/148, SEBI...
Original source: Legal500.com Akil Hirani, Managing Partner and Head of Transactions, outlines the philosophy of the firm and explains how the firm is adapting to client needs. What do you see as the main points that differentiate Majmudar & Partners from your...
The Karnataka government has recently issued the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Bill, 2024 (Bill) and has invited objections/ suggestions from stakeholders. The provisions of the Bill will apply to all platform aggregators in...
Rukshad Davar, Partner and Head of M&A Practice Group, receives the award on behalf of Majmudar & Partners We are honoured to have received the Special Distinction award in the category of Best Asian Law Firm at the Leaders League Alliance Summit: Law &...