by Majmudar & Partners | Apr 4, 2016 | Foreign Investment
Introduction The Indian government has implemented a host of reforms to liberalize India’s foreign direct investment (“FDI”) regime. Last week, the Indian government issued guidelines clarifying the FDI policy in the e-commerce sector, and has also further...
by Majmudar & Partners | Dec 4, 2015 | Foreign Investment
Introduction India stands committed to having a Foreign Direct Investment (“FDI”) regime that is investor friendly and promotes foreign investment for overall economic growth. Since the Modi government came to power in June 2014, many FDI policy reforms were made in...
by Majmudar & Partners | Sep 7, 2015 | Foreign Investment, Private Equity and Venture Capital, Tax
Background Section 115JB of India’s Income-tax Act, 1961 (the “IT Act”), provides for taxation of those companies who, despite showing high profits in their books and paying substantial dividends, do not pay or pay only marginal taxes, by taking advantage of the...
by Majmudar & Partners | Sep 1, 2015 | Foreign Investment, Tax
Introduction In its Union Budget, 2015, the Indian government has set an ambitious target of installing 175,000 Megawatts (“MW”) of renewable energy by 2022, which will include 100,000 MW of solar energy, 60,000 MW of wind energy, 10,000 MW of biomass energy and 5,000...
by Majmudar & Partners | May 21, 2015 | Corporate/M&A, Foreign Investment
Introduction On May 12, 2015, the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India (the “DIPP”) issued the consolidated foreign direct investment policy circular of 2015 (the “FDI Policy 2015”). The circular on...
