On National Technology Day, Amrit Mehta, Corporate Partner at Majmudar & Partners, addresses certain key legal issues for tech start-ups in India.
Download .pdf The Bombay High Court has recently struck down the 2023 amendment (the “2023 Amendment”) to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 (the “Intermediary Rules”), which amended Rule 3(1)(b)(v)...
Download .pdf Background The former Chief Executive Officer (the “Complainant”) of Safal Life Science (P) Ltd. (the “Company”) filed a criminal complaint under Sections 420 (cheating), 406 (criminal breach of trust), and 34 (acts done by several persons with common...
Download .pdf Background Foreign companies in India are often subjected to a tax audit scrutiny by the Indian tax authorities to check if they have a Permanent Establishment (“PE”) in India and what will be the profits attributable to such a PE. The issue of...
Download .pdf The Competition (Amendment) Act, 2023 (the “2023 Amendment”) was introduced on April 11, 2023, to amend the Competition Act, 2002 (the “Act”) and, inter alia, establish a new threshold for assessing transactions, known as the Deal Value Threshold (the...
Download.pdf The Indian government has recently notified the Foreign Exchange Management (Non-Debt Instruments) (Fourth Amendment) Rules, 2024 (the “Amendment Rules”) to amend the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the “NDI Rules”). This...
Download .pdf Overview Pursuant to a favourable tax ruling for Tiger Global Eight Holdings in the Policybazar case, in the Flipkart Singapore case involving Tiger Global International Holdings (the “Taxpayer”), the Delhi High Court (the “DHC”) held that the order...