August 27, 2020

INDIAN INCOME TAX APPELLATE TRIBUNAL CLASSIFIES RIGHTS AS CAPITAL ASSETS

Following a Karnataka High Court decision, in a recent case, the Bangalore Bench of the Indian Income-tax Appellate Tribunal has held that the relinquishment of rights under an agreement are capital assets, and thus, the income arising from such relinquishment is taxable as capital gains. The expression “capital asset” has been defined under Indian tax…

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August 26, 2020

AMRIT MEHTA INVITED TO SPEAK AT THE 8th SCLA GLOBAL FORUM

Our Partner, Amrit Mehta, has been invited to participate in the 8th SCLA Global Forum on Data Protection and National Security, being held online on Friday, August 28th. He will be speaking on the topic “Impact of Data Protection Laws on M&A”. Do tune in! Registration link: https://lnkd.in/eQcBpfX. Full agenda and details mentioned in the .PDF…

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MAJMUDAR & PARTNERS ACTS AS INDIAN LEGAL COUNSEL TO CRYOPORT, INC. ON ITS ACQUISITION OF THE CRYOPDP GROUP FOR EUR49 MILLION

Cryoport, Inc. (NASDAQ: CYRX) has entered into an agreement to acquire CRYOPDP, a leading global provider of innovative temperature-controlled logistics solutions to the clinical research, pharmaceutical and cell and gene therapy markets, headquartered in Paris, France, with 22 global facilities in 12 countries (including India). The purchase price is approximately EUR49 million. The acquisition will…

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August 25, 2020

AMRIT MEHTA, PARTNER, SHEDS LIGHT ON TRENDS SHAPING THE INDIAN INSURANCE SECTOR IN CONVERSATION WITH THE HINDU BUSINESS LINE

The general insurance segment has seen two big-ticket announcements in the last few months, while the life insurance segment too, has been witnessing hectic activity. According to analysts, with a large number of players in both sectors, more such mergers and consolidations could take place in the coming months. Our partner, Amrit Mehta shares his…

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August 17, 2020

NEERAV MERCHANT EXPRESSES HIS OPINION ON THE EXTENSION OF THE REGISTRATION AND COMPLETION DATE FOR REAL ESTATE PROJECTS WITH MONEYCONTROL

On May 13, the Ministry of Housing and Urban Affairs published an advisory, under which it declared the COVID-19 pandemic as a force majeure event under Section 6, and advised the Authorities to extend the registration and completion date for real estate projects by six months. Neerav Merchant, Partner at Majmudar & Partners shares his…

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August 15, 2020

RUKSHAD DAVAR TALKS ABOUT THE RECENTLY ANNOUNCED NATIONAL EDUCATION POLICY (NEP)

Rukshad Davar, Partner & Head of Corporate/M&A, Majmudar & Partners speaks with India Today on the recently announced NEP (National Education Policy) by the Government of India. Read the full article here.

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August 14, 2020

NEERAV MERCHANT’S VIEWS ON ADVERTISING RESPONSIBILITIES OF AUTOMOBILE MANUFACTURERS FEATURED BY BLOOMBERG QUINT

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.

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August 10, 2020

RUKSHAD DAVAR DISCUSSES THE ATMANIRBHAR POLICY IN CONVERSATION WITH BUSINESS WORLD

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…

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August 7, 2020

RUKSHAD DAVAR SPEAKS ON RBI’S MONETARY POLICY ANNOUNCEMENTS WITH INDIA TODAY

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.

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August 5, 2020

LABOUR LAW ORDINANCE 2020

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,…

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August 4, 2020

NEERAV MERCHANT DISCUSSES WITH INDIA MEDIA MONITOR ON A ONE-TIME LOAN RECAST POLICY AND ITS CONSEQUENCES

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.

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