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India eases foreign investment norms in single brand retail, trading, civil aviation and other key sectors

by Majmudar & Partners | Jan 25, 2018 | Foreign Investment

Introduction On January 10, 2018, the Indian government approved a number of amendments to India’s Foreign Direct Investment Policy (the “FDI Policy”) with a view to further improve the ease of doing business in India.  The reforms cover single brand retail trading,...

A critique of the Companies (Amendment) Act, 2018

by Majmudar & Partners | Jan 17, 2018 | Corporate/M&A

India’s Companies Act, 2013 Over the last five (5) years, India has adopted a new company law regime under the Companies Act, 2013 (the “Act”) and the rules thereunder.  Since its implementation, the Act has been amended once in 2015, and various clarifications and...

Impact of India’s 18/25 cap on indemnities in cross-border M&A transactions

by Majmudar & Partners | Nov 27, 2017 | Corporate/M&A, Foreign Investment

It is commonplace in global M&A deals for buyers and sellers to strongly negotiate the seller’s indemnity obligations, and many a times, unsatisfactory seller indemnities result in deals not going through.  Effective May 20, 2016, the Reserve Bank of India (the...

Minorities squeeze out under the Companies Act, 2013

by Majmudar & Partners | Dec 16, 2016 | Corporate/M&A

On December 7, 2016, the Indian government notified several provisions of the Companies Act, 2013 (the “2013 Act”), including provisions on variation of shareholders’ rights, reduction of capital, mergers and amalgamations, winding up by the National Company Law...

SEBI amends norms for investments by angel funds and FPs; Imposes restrictions on compensation agreements

by Majmudar & Partners | Dec 9, 2016 | Corporate/M&A

Introduction On November 23, 2016, the Securities and Exchange Board of India (the “SEBI”) approved several important changes to Indian securities regulations, including, an amendment to the SEBI (Alternative Investment Fund) Regulations, 2012 (the “AIF Regulations”)...
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