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.
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...
The Karnataka government has recently issued the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Bill, 2024 (Bill) and has invited objections/ suggestions from stakeholders. The provisions of the Bill will apply to all platform aggregators in...
Rukshad Davar, Partner and Head of M&A Practice Group, receives the award on behalf of Majmudar & Partners We are honoured to have received the Special Distinction award in the category of Best Asian Law Firm at the Leaders League Alliance Summit: Law &...
A recent press report suggests that the Indian government is likely to clear joint venture proposals involving Chinese companies like Haier, Suzhou Innovance, China Highly Group and others where the Indian partner has a majority shareholding in the joint venture. In...