by Majmudar & Partners | Apr 2, 2015 | Tax
In his budget speech on February 28, 2015, the Finance Minister (“FM”) made it clear that black (unaccounted) money was eating into the Indian economy and this problem would have to be tackled forcefully. While the FM acknowledged that there were limitations under...
by Majmudar & Partners | Mar 26, 2015 | Disputes and Arbitration, Technology, Telecommunication and Media
Introduction On March 24, 2015, the Hon’ble Supreme Court of India (the “SC”) pronounced its judgment on constitutional validity of Sections 66A, 69A and 79 of the Information Technology Act, 2000 (the “IT Act”) and the Information Technology (Intermediary Guidelines)...
by Majmudar & Partners | Mar 13, 2015 | Foreign Investment, Insurance Law
Introduction On December 26, 2014, the President of India promulgated the Insurance Laws (Amendment) Ordinance, 2014 (the “Ordinance”) to amend the Insurance Act, 1938 (the “Act”), the General Insurance Business (Nationalisation) Act, 1972, and the Insurance...
by Majmudar & Partners | Feb 27, 2015 | Disputes and Arbitration
Introduction The Arbitration and Conciliation Act, 1996 (the “Act”), was enacted by the Parliament of India to consolidate and amend the law relating to domestic arbitration and enforcement of foreign awards. One of the main objectives of the Act was to minimise the...
by Majmudar & Partners | Feb 18, 2015 | Corporate/M&A, Foreign Investment, Private Equity and Venture Capital
This update discusses certain key changes to India’s foreign exchange regulations implemented in the past few weeks Liberalization of the limit under the Liberalized Remittance Scheme (“LRS”) In the bi-monthly monetary policy statement released on February 3, 2015,...
