by Majmudar & Partners | Jan 21, 2019 | Tax
Recently, the Delhi High Court (the “DHC”) upheld a judgement of the Delhi Bench of the Income-tax Appellate Tribunal (the “Delhi Tribunal”) in the case of GE Energy Parts, Inc. (the “Taxpayer”). The DHC held that the liaison office established by the Taxpayer in New...
by Majmudar & Partners | Jan 16, 2019 | Corporate/M&A
In 2013, India adopted a new company law regime under the Companies Act, 2013 (the “Act”) and the rules there under, which have been amended from time-to-time. This update discusses the changes introduced by the Companies (Amendment) Ordinance Act, 2018 (the...
by Majmudar & Partners | Dec 27, 2018 | Tax
Recent developments The Indian tax authorities have started invoking the general anti-avoidance rules (“GAAR”) under India’s Income-tax Act, 1961 (the “IT Act”). In the last twelve (12) months, tax notices have been issued to many Indian subsidiaries of foreign...
by Majmudar & Partners | Dec 14, 2018 | Competition
The Competition Act, 2002 (the “Act”) sets out the regime for anti-competitive practices and merger control in India. While the Competition Commission of India (the “CCI”) is a fairly young regulator, over the last few years, the jurisprudence on Indian competition...
by Majmudar & Partners | Nov 27, 2018 | Securities Law
The Securities and Exchange Board of India (the “SEBI”) actively monitors the Indian securities and commodities markets, and has been implementing new regulations based on market practices. Some of the more important SEBI circulars issued recently have been discussed...
