Lumiata, Inc., a leading AI-driven healthcare analytics company, sought ongoing legal assistance for corporate and tax matters concerning its Indian subsidiary, Lumiata Analytics Private Limited (Lumiata India). Majmudar & Partners provided comprehensive legal and tax advisory services to support Lumiata’s Indian operations and ensure compliance with Indian regulations.
Facilitating the Transaction
Majmudar & Partners played a key role in addressing Lumiata India’s corporate and tax requirements by:
- Corporate Governance Compliance: Ensured that Lumiata India adhered to Indian corporate governance norms, including maintaining accurate records, filing necessary returns, and complying with the Companies Act, 2013.
- Tax Structuring and Advisory: Provided tailored advice on structuring Lumiata India’s operations to optimize tax efficiency and compliance with Indian direct and indirect tax regulations.
- Regulatory Compliance: Assisted in obtaining necessary permissions and making filings with regulatory authorities such as the Registrar of Companies and Reserve Bank of India to facilitate smooth business operations.
- Employee Benefits Structuring: Advised on employment contracts, employee benefits, and compliance with labor laws in India to ensure adherence to statutory obligations while aligning with Lumiata, Inc.’s global HR policies.
- Cross-Border Transaction Support: Reviewed and guided transactions between Lumiata, Inc. and Lumiata India to ensure compliance with foreign exchange laws and mitigate double taxation risks.
The legal and tax assistance provided by Majmudar & Partners allowed Lumiata, Inc. to streamline its Indian operations while mitigating compliance risks. By addressing ongoing corporate and tax issues, Lumiata India is better positioned to expand its presence and continue driving innovation in healthcare analytics in India.
Majmudar & Partners specializes in providing tailored legal and tax solutions for multinational corporations operating in India. Contact us today to learn how we can help optimize your operations and ensure compliance with local regulations.