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Neerav Merchant, Partner at Majmudar & Partners was quoted by BloombergQuint for his views on responsibilities that automobile manufacturers must uphold as part of their advertisements and representations to public in order to avoid commercial liability. Read the full article here.

PM Narendra Modi, while addressing the nation enouraged the masses to use these trying times to become Atmanirbhar (self-reliant) to enable the resurgence of the Indian economy. It is being received positively. Rukshad Davar, Partner and Head – M&A Practice Group, at Majmudar & Partners, shares his views with Business World on the Atmanirbhar policy…

The Monetary Policy Committee of the Reserve Bank of India has decided to hold rates and also announced additional liquidity boosters to tackle the ongoing economic crisis. Rukshad Davar, Partner and Head – M&A Practice Group, at Majmudar & Partners, shares his views with India Today along with other industry experts. Read the article here.

On account of the economic impact of COVID-19, the Karnataka state government notified an ordinance on July 31, 2020, amending three major labour law legislations. Industrial Disputes Act, 1947 • Sections 25K (1) and (1A) – no prior permission of the state government will be needed to lay off or retrench, or close an industry,…

Neerav Merchant, Partner at Majmudar & Partners, shares his views with India Media Monitor – Business Standard along with other industry experts on a one-time loan recast policy and its consequences. Read the article here.

Last week, the Insurance Regulatory and Development Authority of India (IRDAI) issued an important clarification on the aspect of transfer and issuance of shares of insurance companies. The key takeaway is that if a shareholder exceeds the 1% or 5% (as the case may be) threshold of share acquisitions over multiple transactions in a financial…

As a part of the National Education Policy announced on 30th July,2020 a new law will be introduced to facilitate top foreign universities to set-up in India. The law will provide special dispensations to foreign universities from a regulatory, governance and content standpoints. While 100% FDI is permitted in the education sector for many years…

In May, the Securities and Exchange Board of India (SEBI) had relaxed requirements for issuance of open offers and buy-back tender offers through electronic transmission until July 31. The SEBI has now extended these relaxed norms until December 31. In addition, the timeline for submission of financial results as of June 30 has been extended…

Several provisions of India’s new Consumer Protection Act, 2019 came into force on July 20, 2020. The remaining provisions came into effect on July 24, 2020. These mainly deal with: liability of endorsers; unfair trade practices in e-commerce; and establishment of the Central Consumer Protection Authority. Penalties for false or misleading advertisements will now be…

The Indian arm of the American financial consultancy firm, Duff & Phelps, has dragged the Insolvency & Bankruptcy Board of India (IBBI) to court, over an order involving the company and a senior adviser in its restructuring practice. Our Partner and Disputes head, Neerav Merchant, weighs in with his thoughts on the matter. Read the…