In May, the Securities and Exchange Board of India (SEBI) had relaxed requirements for issuance of open offers and buy-back tender offers through electronic transmission until July 31. The SEBI has now extended these relaxed norms until December 31.
In addition, the timeline for submission of financial results as of June 30 has been extended to September 15 for all listed entities.
Insider trading refers to the practice of trading a company's securities based on Unpublished Price Sensitive Information (“UPSI”), which is not available in the public domain.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...
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, and Ravi S. Raghavan, Partner - Tax and Private Client Group,...
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...