by Majmudar & Partners | Apr 13, 2016 | Banking and Finance
Introduction On April 11, 2016, the Reserve Bank of India (the “RBI”) flagged off the Unified Payment Interface (“UPI”) system, which will be a channel that will enable multiple bank accounts to be accessed through a single mobile application (“APP”). The launch of...
by Majmudar & Partners | Apr 4, 2016 | Foreign Investment
Introduction The Indian government has implemented a host of reforms to liberalize India’s foreign direct investment (“FDI”) regime. Last week, the Indian government issued guidelines clarifying the FDI policy in the e-commerce sector, and has also further...
by Majmudar & Partners | Mar 29, 2016 | Corporate/M&A, Securities Law
Introduction In India, the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the “Takeover Regulations”) adopt a mandatory tender offer regime for acquisition of listed companies in order to provide a level playing field to the public...
by Majmudar & Partners | Mar 5, 2016 | Tax
Introduction India’s Union Budget (the “Budget”) was announced on February 29, 2016, and the Finance Bill, 2016 (the “Finance Bill”) was tabled in Parliament. Most of the income tax proposals in the Finance Bill will be effective from the financial year commencing on...
by Majmudar & Partners | Jan 28, 2016 | Disputes and Arbitration
Introduction On October 23, 2015, when the Indian Parliament was in recess, the President of India promulgated the Arbitration and Conciliation (Amendment) Ordinance, 2015 (the “Arbitration Ordinance”). The Arbitration Ordinance temporarily amended the Arbitration and...
