With India continuing its nationwide lockdown until at least May 3, there are growing calls for more fiscal stimulus as the economy plunges to its slowest growth in decades.
Rukshad Davar, partner at Majmudar & Partners, shares his views with The National UAE on how India’s business groups hope for further stimulus as the lockdown is extended.
Read the article here.
The IRDAI has notified three regulations, which came into force on April 1, 2023, that are poised to grant insurers greater freedom in their organizational management and will have a material impact on insurers, insurance intermediaries and insurance agents. ...
In a bid to woo new manufacturing businesses to the state of Karnataka, including the likes of Foxconn (which is Apple’s supplier), the state legislature passed the Factories (Karnataka Amendment) Bill, 2023 to amend the provisions of the Factories Act, 1948 (as...
The Bar Council of India (BCI) has, recently, permitted foreign lawyers to practice foreign law in India in non-litigious matters, subject to compliance with BCI’s registration guidelines. However, appearing in Indian courts, as also advising on real estate...
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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...