by Majmudar & Partners | Dec 19, 2017 | Insurance Law, Private Equity and Venture Capital
Introduction On December 5, 2017, the Insurance Regulatory and Development Authority of India (the “IRDAI”) issued the IRDAI (Investment by Private Equity Fund or Alternate Investment Fund in Indian Insurance Companies) Guidelines, 2017 (the “PE Investment...
by Majmudar & Partners | Nov 27, 2017 | Corporate/M&A, Foreign Investment
It is commonplace in global M&A deals for buyers and sellers to strongly negotiate the seller’s indemnity obligations, and many a times, unsatisfactory seller indemnities result in deals not going through. Effective May 20, 2016, the Reserve Bank of India (the...
by Majmudar & Partners | Nov 9, 2017 | Tax
Brief Background Under the provisions of the Income-tax Act, 1961 (the “ IT Act”), the income of a non-resident will be deemed to accrue or arise in India if it arises, directly or indirectly, through or from any business connection, property, asset or source of...
by Majmudar & Partners | Sep 22, 2017 | Tax
Brief facts of the dispute On March 25, 2009, NTT DoCoMo Inc., a company incorporated in Japan (“ NTT”), entered into a shareholders’ agreement with Tata Teleservices Ltd. (“TTL”). Under the terms of the agreement, it was agreed that if TTL failed to satisfy certain...
by Majmudar & Partners | Sep 11, 2017 | Corporate/M&A
Introduction In India, under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the “ Takeover Regulations”), there exists a mandatory tender offer regime for acquisition of listed companies. Under this...
