by Majmudar & Partners | May 4, 2020 | Authored by Kritika Agarwal, COVID-19, Employment Law
On May 1, 2020, the Indian government further extended the ongoing countrywide lockdown until May 17, 2020. The third phase of the lockdown is based on demarcation of districts into three (3) zones and reasonably well-defined exemptions for each zone under the revised...
by Majmudar & Partners | Apr 29, 2020 | Authored by Amrit Mehta, Foreign Investment
On April 17, 2020, India’s Department for Promotion of Industry and Internal Trade issued a press note amending the foreign direct investment (FDI) rules applicable to investments from countries having a land border with India. Following this, the Ministry of Finance...
by Majmudar & Partners | Apr 15, 2020 | Authored by Kritika Agarwal, COVID-19, Employment Law, Policy & Governance Updates
On March 24, 2020, in order to prevent the spread of the Novel Coronavirus (COVID-19), the Indian government imposed a mandatory countrywide lockdown of all offices and establishments until April 14, 2020. Only essential services providers were allowed to function,...
by Majmudar & Partners | Mar 31, 2020 | Authored by Kritika Agarwal, Corporate/M&A, COVID-19
Since December 2019, the impact of the Novel Coronavirus (COVID-19) has, gradually, but incrementally, been felt in almost every country in the world. As a consequence of COVID-19, businesses have had to limit, if not completely restrict, their operations in various...
by Majmudar & Partners | Mar 13, 2020 | Technology, Telecommunication and Media
THE INDIAN SUPREME COURT’S JUDGMENT ON CRYPTOCURRENCY – MUCH ADO ABOUT NOTHING Background Since 2013, India’s central bank, the Reserve Bank of India (the “RBI”), followed a cautionary approach as regards virtual currencies, including cryptocurrencies. While it never...