June 30, 2020

BLOOMBERG QUINT FEATURES RAVI S. RAGHAVAN’S THOUGHTS ON THE APPLICATION OF PRIVATE INTERNATIONAL LAW TO PERMIT TAX BENEFITS

The Bombay High Court applied the principles of private international law to permit tax benefits under the Income Tax Act, setting a precedent for tax disputes arising from reorganization of a business under foreign laws. Ravi S. Raghavan, Tax Counsel at Majmudar & Partners, shares his views with Bloomberg Quint – “This ruling is relevant…

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June 26, 2020

Majmudar & Partners acts as Indian legal counsel to Finicity on its sale to Mastercard

Mastercard (NYSE: MA) has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights, having significant operations in India. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million if performance targets…

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June 22, 2020

INDIA’S SUPREME COURT ISSUES NOTICE TO THE INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA

India’s Supreme Court has recently issued a notice to the Insurance Regulatory and Development Authority of India (IRDAI) for an explanation on the IRDAI’s failure in getting insurers to provide cover for mental illness treatments in their health insurance policies as prescribed by the Mental Healthcare Act, 2017 and the guidelines issued by the IRDAI…

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June 19, 2020

INDIA’S SECURITIES REGULATOR HAS ANNOUNCED MEASURES TO EASE CAPITAL RAISING BY LISTED COMPANIES

India’s securities regulator has announced some measures to ease capital raising by listed companies. The creeping acquisition limit has been increased to 10% voting rights for promoters acquiring equity shares through a preferential issue until March 31, 2021. Such acquisitions will not trigger an open offer. This change will incentivise promoters to buy equity at…

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June 18, 2020

N. RAJA SUJITH DISCUSSES THE UNCERTAINTY FACED BY INDIAN STARTUPS FUNDED BY CHINA WITH BUSINESS STANDARD

N. Raja Sujith, Partner and Head (South India) at Majmudar & Partners, shares his views with Business Standard on how Chinese investments in Indian startups are expected to face hurdles as Sino-India tension escalates. India is expected to increase the level of scrutiny faced by Chinese investments – both direct and indirect. Read the complete…

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June 17, 2020

WEBINAR ON OVERVIEW OF EMPLOYMENT LAWS IN INDIA

Our partner, Amrit Mehta, will be speaking in a joint webinar with Mr. Takuya Fujimoto from Horitsumarket Corporation, Tokyo. Topic: Overview of Employment Laws in India Time: 0930 IST – 1100 IST (1300 JST – 1430 JST) Date: Thursday, June 18, 2020 The webinar will cover certain key aspects of Indian employment legislation that may…

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June 11, 2020

N. RAJA SUJITH EXPRESSES HIS OPINION ON THE ISSUE OF SWEAT EQUITY SHARES BY START UPS WITH BUSINESS STANDARD

Start-ups can now issue sweat equity shares to their employees for up to 10 years from the date of their incorporation or registration. Our partner and head (South India) N. Raja Sujith, along with other industry experts and legal experts opine on the move. Click here to read the coverage.

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June 10, 2020

NEERAV MERCHANT DISCUSSES THE FUNCTIONING OF INDIAN COURTS DURING THE COVID-19 LOCKDOWN WITH THE INTERNATIONAL BAR ASSOCIATION

Our Partner, Neerav Merchant shares his views on the functioning of Indian courts during the Covid-19 lockdown in a recent article authored by Margaret Taylor, titled “Dispute resolution: pandemic strains system but forces new approaches”, published on the IBA website. Read the article here.  

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June 7, 2020

INDIA’S AAR HAS REJECTED THE NIL WITHHOLDING TAX APPLICATIONS MADE BY THREE MAURITIUS BASED COMPANIES

India’s Authority for Advance Rulings has, recently, rejected the nil withholding tax applications made by US-based hedge fund, Tiger Global Management’s three Mauritius-based companies, in respect of capital gains arising out of the $16-billion Walmart-Flipkart deal in May 2018. Tiger Global was one of the prominent shareholders in India’s homegrown e-commerce major, Flipkart. The issue…

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June 5, 2020

N. RAJA SUJITH FEATURED IN THE WEEK FOR HIS THOUGHTS ON CHALLENGES INVOLVED IN DRONE DELIVERY OF FOOD

N. Raja Sujith, Partner and Head of South India at Majmudar & Partners, has been featured in The Week. In the article, he shares his thoughts on how food delivery by drones though revolutionary will come with its own set of challenges. “Delivering food and other products through drones is a part of the future…

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June 2, 2020

NEERAV MERCHANT IN CONVERSATION WITH LEGAL LEAGUE CONSULTING ON THE LOCKDOWN AND ITS EFFECTS ON OUR LIVES

Neerav Merchant, Partner at Majmudar & Partners, shares his thoughts with Legal League Consulting on how the lockdown has impacted our daily activities and that “change is the only constant”.

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June 1, 2020

INDIAN GOVERNMENT ISSUES NEW GUIDELINES FOR REOPENING THE LOCKDOWN

Yesterday, the Indian government issued new guidelines for reopening the lockdown in 3 phases. The lockdown will continue in containment zones until June 30. In the first phase, hotels, eateries, shopping malls and religious places can open from June 8. Social distancing measures will continue. States have the authority to impose stricter guidelines. For instance,…

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