by Majmudar & Partners | Aug 2, 2017 | Insolvency and Restructuring
Introduction The Indian government enacted the Insolvency and Bankruptcy Code, 2016 (the “ Code”) to consolidate the law on insolvency in India, and provide an effective and timebound mechanism for recovering debts due to both, financial as well as operational...
by Majmudar & Partners | Jul 26, 2017 | Insolvency and Restructuring
Introduction With the aim of having a robust and efficient insolvency process and to remedy the appalling credit default situation in India, the Indian government enacted the Insolvency and Bankruptcy Code, 2016 (the “ Code”). The Code introduced sweeping reforms by...
by Majmudar & Partners | Jun 23, 2017 | Competition
In 2009, the Indian government implemented the provisions for prohibition of anti-competitive agreements and abuse of dominant position in India under the Competition Act, 2002 (the “Act”). More recently, antitrust litigation has picked up in India as the general...
by Majmudar & Partners | Jun 13, 2017 | Tax
Background Under the existing provisions of section 10(38) of the Income-tax Act, 1961 (the “IT Act”), income arising from the transfer of a long-term capital asset, being equity shares of a listed company or units of an equity-oriented fund, is exempt from capital...
by Majmudar & Partners | Apr 26, 2017 | Corporate/M&A
Introduction The erstwhile Companies Act, 1956 (the “1956 Act”) contained provisions for the merger of a foreign company with an Indian company but not vice versa. The Companies Act, 2013 (the “ 2013 Act”) made a significant change and introduced enabling provisions...
