by Majmudar & Partners | May 12, 2016 | Corporate/M&A, Tax
Introduction Under the bilateral double taxation avoidance agreement between India and Mauritius (the “Mauritius DTAA”), any capital gain arising from the sale of shares can be taxed only in Mauritius and not in India. India has been attempting to renegotiate the...
by Majmudar & Partners | Apr 27, 2016 | Real Property
Introduction After much deliberation in the Indian Parliament, on March 25, 2016, the Real Estate (Regulation and Development) Act, 2016 (the “Act”) was enacted. The Act seeks to regulate the real estate sector, and pave the way for speedier dispute resolution...
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...
