by Majmudar & Partners | Nov 14, 2019 | Foreign Investment, Insurance Law
Background Previously, foreign direct investment (“FDI”) in insurance intermediaries was treated at par with FDI in insurance companies and was restricted up to 49% under the automatic route. Insurance intermediaries (including, insurance brokers, re-insurance...
by Majmudar & Partners | Nov 8, 2019 | Disputes and Arbitration, Technology, Telecommunication and Media
In a recent ruling, a single judge of the Delhi High Court (the “Delhi HC”) has held that a global injunction can be issued for removal of defamatory data, if the data has originally been uploaded from a computer resource in India. We have discussed the Delhi HC’s...
by Majmudar & Partners | Sep 27, 2019 | Consumer Protection, Disputes and Arbitration
Last month, the Indian government enacted: (i) the Consumer Protection Act, 2019 (the “CP Act 2019”), which, when notified, will replace the Consumer Protection Act, 1986 (the “CP Act 1986”); and (ii) the Motor Vehicles (Amendment) Act, 2019 (the “MV Amendment Act”),...
by Majmudar & Partners | Sep 20, 2019 | Tax
Today (September 20, 2019) the Indian government has introduced the Taxation Laws (Amendment) Ordinance, 2019, to make certain amendments in the Income-tax Act 1961 (the “IT Act”). Find the Taxation Laws (Amendment) Act, 2019 here. We have summarized below some of...
by Majmudar & Partners | Sep 10, 2019 | Foreign Investment
Introduction Addressing India’s need to attract investments to revitalize its economy, on August 28, 2019, the Union Cabinet (the “Cabinet”) has approved a number of changes to the foreign direct investment (“FDI”) regime. The reforms cover the single brand retail...
