Majmudar & Partners receives Special Distinction award at LLAS

Delhi Tribunal emphasizes importance of TRC for tax treaty benefits

Aug 8, 2024

Tiger Global Eight Holdings (TGH), a Mauritius company, sold a portion of its shares of an Indian company that were acquired prior to April 1, 2017 and claimed capital gains tax exemption under the double taxation avoidance agreement between India and Mauritius...

SEBI’s new proposal on FPI disclosures

Aug 2, 2024

The Securities and Exchange Board of India (“SEBI”) has released a consultation paper proposing to modify the disclosure requirements for large foreign portfolio investors (“FPIs”). In August 2023, by its circular SEBI/HO/AFD/AFD-PoD-2/CIR/P/2023/148, SEBI...

Akil Hirani interviewed by The Legal 500

Jul 19, 2024

Original source: Legal500.com Akil Hirani, Managing Partner and Head of Transactions, outlines the philosophy of the firm and explains how the firm is adapting to client needs. What do you see as the main points that differentiate Majmudar & Partners from your...

Karnataka Gig Worker Law

Jul 15, 2024

The Karnataka government has recently issued the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Bill, 2024 (Bill) and has invited objections/ suggestions from stakeholders. The provisions of the Bill will apply to all platform aggregators in...

India – Press Note 3 Update

Jun 28, 2024

A recent press report suggests that the Indian government is likely to clear joint venture proposals involving Chinese companies like Haier, Suzhou Innovance, China Highly Group and others where the Indian partner has a majority shareholding in the joint venture. In...

No GST on slump sale transactions in India

Jun 26, 2024

In an important ruling in the Piramal Enterprises Limited’s case under the erstwhile VAT statute, the Bombay High Court (BHC) has reiterated that a business transfer as a going concern is to be treated as a slump sale, and the assets of the business cannot be...