by Majmudar & Partners | Apr 2, 2020 | Technology, Telecommunication and Media
Introduction and implications in a nutshell As per the Reserve Bank of India’s (the “RBI”) Annual Report, the number of card payment transactions carried out through credit cards and debit cards during 2018 and 2019 was 1.8 billion and 4.4 billion, respectively....
by Majmudar & Partners | Mar 31, 2020 | 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 26, 2020 | Employment Law
The Novel Coronavirus (COVID-19) has affected almost every country in the world, and India is no exception. To control the spread, the Indian government has imposed a mandatory countrywide lockdown from March 24, 2020, until April 14, 2020. Only establishments and...
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...
by Majmudar & Partners | Mar 6, 2020 | Corporate/M&A, Policy & Governance Updates
Background and Jurisprudence Typically, independent and non-executive directors of Indian companies are not involved in the daily management or decision-making of a company. Nevertheless, under Indian company law, they are required to exercise due and reasonable care,...
