India’s Budget 2018-19: key highlights
Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2018, and the Finance Bill, 2018 (the “Finance Bill”) was tabled in...
India eases foreign investment norms in single brand retail, trading, civil aviation and other key sectors
Introduction On January 10, 2018, the Indian government approved a number of amendments to India’s Foreign Direct Investment Policy (the “FDI...
A critique of the Companies (Amendment) Act, 2018
India’s Companies Act, 2013 Over the last five (5) years, India has adopted a new company law regime under the Companies Act, 2013 (the “Act”) and...
Private equity investments in Indian insurance companies are now permitted
Introduction On December 5, 2017, the Insurance Regulatory and Development Authority of India (the “IRDAI”) issued the IRDAI (Investment by Private...
Impact of India’s 18/25 cap on indemnities in cross-border M&A transactions
It is commonplace in global M&A deals for buyers and sellers to strongly negotiate the seller’s indemnity obligations, and many a times,...
India’s tax regulator clarifies indirect transfer provisions in case of redemption of shares outside India
Brief Background Under the provisions of the Income-tax Act, 1961 (the “ IT Act”), the income of a non-resident will be deemed to accrue or arise in...