by Majmudar & Partners | Jul 19, 2018 | Disputes and Arbitration
In a recent judgment in the matter of Coastal Marine Construction and Engineering Limited v. Garware-Wall Ropes Limited, the Bombay High Court (the “Bombay HC”) has examined whether Indian courts can act upon an unstamped arbitration agreement to constitute an...
by Majmudar & Partners | Jul 12, 2018 | Corporate/M&A
In 2006, the Indian government introduced the concept of a director identification number (“DIN”), and consequently, an individual could be appointed as a director of a company only if he or she had obtained a DIN. A DIN is allotted by the Ministry of Corporate...
by Majmudar & Partners | Jun 29, 2018 | Foreign Investment
Consolidated reporting form for foreign investment transactions On June 7, 2018, the Reserve Bank of India (the “RBI”) released a circular (the “Circular”) changing the reporting formats in all transactions involving issuance, or transfer of shares of Indian companies...
by Majmudar & Partners | Jun 19, 2018 | Employment Law
In India, each State has its own Shops and Establishments law which regulates the working conditions of employees engaged in shops and commercial establishments, other than in factories. On December 19, 2017, the new Maharashtra Shops and Establishments (Regulation...
by Majmudar & Partners | Apr 21, 2018 | Corporate/M&A, Foreign Investment
The Companies Act, 1956 permitted inbound mergers, i.e., merger of a foreign company into an Indian company. Even then, there were no foreign exchange regulations on inbound mergers. A key change that was introduced by the Companies Act, 2013 (the “Companies Act”)...
