by Majmudar & Partners | Jun 20, 2023 | Banking and Finance, Tax
Download .pdf Background Through notifications issued in May 2023, the Ministry of Finance, Government of India, has widened the scope of the Prevention of Money Laundering Act, 2002 (the “PMLA”). The aim of these notifications appears to be to aid investigative...
by Majmudar & Partners | Jun 6, 2023 | Corporate/M&A
Download .pdf Background Section 233 of the Companies Act, 2013 permits fast-track mergers of certain classes of companies such as: (i) start-up companies; (ii) small companies; and (iii) holding companies and their wholly owned subsidiaries. Even though the...
by Majmudar & Partners | May 18, 2023 | Private Equity and Venture Capital, Securities Law
Download .pdf Introduction In a circular issued last month (the “Circular”), the Securities and Exchange Board of India (the “SEBI”) has allowed specific investors to excuse or exclude themselves from any particular investment being made by an alternative investment...
by Majmudar & Partners | May 16, 2023 | Disputes and Arbitration
Download .pdf In a recent ruling, India’s Supreme Court has held that an enquiry or proceeding against an auditor of a company under Section 140(5) of the Companies Act, 2013 (the “Act”) does not terminate upon the resignation of the auditor, and the auditor, if found...
by Majmudar & Partners | Apr 13, 2023 | Authored by Akil Hirani, Authored by Ravi S. Raghavan, Foreign Investment, Private Equity and Venture Capital, Technology, Telecommunication and Media
Download .pdf Background On January 2, 2023, India’s Ministry of Electronics and Information Technology (“MeitY”) had invited comments from the public on a host of proposed amendments to the IT (Intermediary Guidelines & Digital Media Ethics Code) Rules, 2021 (the...
