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,...
by Majmudar & Partners | Feb 1, 2020 | Policy & Governance Updates, Tax
Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2020, and the Finance Bill, 2020 (the “Finance Bill”) was tabled in Parliament. The Finance Act, 2020 can be accessed here. In a nutshell, the government has attempted to pay heed to the...
by Majmudar & Partners | Jan 9, 2020 | Insolvency and Restructuring
At the end of December, the Indian government promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (the “Ordinance”) to iron out certain issues faced by buyers of assets in a corporate insolvency resolution process (the “CIRP”). While the...
by Majmudar & Partners | Nov 27, 2019 | Insolvency and Restructuring
On November 15, 2019, the Supreme Court (the “Court”) ruled on several contentious aspects of the Insolvency and Bankruptcy Code, 2016 (the “Code”) and put an end to the long-drawn-out litigation in the insolvency resolution process of one of India’s largest steel...
