RBI prescribes limits on deferred consideration and indemnity in cross-border transactions
Introduction M&A transactions often include escrow and indemnification provisions. Recently, the Reserve Bank of India (the “RBI”) has amended...
India’s new insolvency code – is it a game changer or a run-of-the-mill reform?
Background - The need for a new law The Indian legal framework for insolvency resolution, debt recovery and restructuring of stressed assets was...
SEBI proposes changes to the P-Notes regime to check money laundering
Introduction On May 19, 2016, the Securities and Exchange Board of India (the “SEBI”), in its board meeting, specified certain additional measures...
Impact of the India – Mauritius Protocol
Introduction Under the bilateral double taxation avoidance agreement between India and Mauritius (the “Mauritius DTAA”), any capital gain arising...
An overview of the Real Estate (Regulation and Development) Act, 2016
Introduction After much deliberation in the Indian Parliament, on March 25, 2016, the Real Estate (Regulation and Development) Act, 2016 (the “Act”)...
India moves to a unified payment interface regime
Introduction On April 11, 2016, the Reserve Bank of India (the “RBI”) flagged off the Unified Payment Interface (“UPI”) system, which will be a...