by Majmudar & Partners | Aug 9, 2019 | Corporate/M&A
On July 31, 2019, the Indian government notified the Companies (Amendment) Act, 2019 (the “Amendment Act”), which amends certain provisions of the Companies Act, 2013 (the “Companies Act”). While a large part of the Amendment Act covers the changes introduced by the...
by Majmudar & Partners | Aug 7, 2019 | Banking and Finance, Foreign Investment
Introduction Earlier this year, the Reserve Bank of India (the “RBI”) had revised the framework on external commercial borrowings (“ECBs”), and put in place a new and simplified framework for Indian entities to borrow monies from foreign lenders. (Read our update on...
by Majmudar & Partners | Jul 16, 2019 | Employment Law
Introduction In India, the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (the “Harassment Act”) and the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013 (the “Harassment Rules”)...
by Majmudar & Partners | Jul 12, 2019 | Policy & Governance Updates, Tax
Introduction India’s Union Budget (the “Budget”) was announced on July 5, 2019, and the Finance Bill, 2019 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and therefore, it is likely that the...
by Majmudar & Partners | Jun 24, 2019 | Employment Law
In a recent ruling, India’s Supreme Court (the “SC”) reiterated the basic tests to be applied in determining whether contract labourers can be classified as direct employees. This update discusses the SC ruling and analyzes the precautions that employers should adopt...
