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  • Article

    India's New Insurance Regime Can Change The Game

    India's insurance industry is on the brink of transformative changes with the anticipated introduction of the Insurance Amendment Bill (the "Bill")...
    IndiaInsurance
    Majmudar & Partners
    Majmudar & Partners
  • Article

    The Importance Of Adopting The Correct Approach For Share Valuation In India

    In a recent ruling, the Mumbai Income-tax Appellate Tribunal, relying on the Tally Solutions case, has held that when the future cash flow or revenue stream projections of a private investment company are uncertain...
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
Article

India's Supreme Court Rules On The Maintainability Of Proceedings Against Auditors After Their Resignation

Deloitte Haskins and Sells LLP ("Deloitte") and BSR & Associates LLP ("BSR") served as the statutory auditors of IL&FS Financial Services Limited...
IndiaCorporate/Commercial Law
Majmudar & Partners
Majmudar & Partners
  • Article

    New SEBI Regulations Impacting Alternative Investment Funds In India

    The Securities and Exchange Board of India (the "SEBI") has issued two (2) circulars, dated November 17, 2022 (the "SEBI November 17 Circular") and November 23, 2022...
    IndiaCorporate/Commercial Law
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Failure To Pay Salary Is Not Criminal Conduct

    The former Chief Executive Officer of Safal Life Science (P) Ltd. filed a criminal complaint under Sections 420 (cheating), 406 (criminal breach of trust), and 34 (acts done by several persons with common intent) of the erstwhile Indian Penal Code, 1860 ...
    IndiaEmployment and HR
    Majmudar & Partners
    Majmudar & Partners
  • Article

    India's Supreme Court Allows Registered Trade Unions To File Application As Operational Creditors On Behalf Of Members

    In a recent ruling, the Supreme Court resolved a long-standing dispute between JK Jute Mill Mazdoor Morcha and Juggilal Kamlapat Jute Mills Company Limited by allowing registered trade unions ...
    IndiaEmployment and HR
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Hyderabad Tribunal Rules That Receipt Of Shares In A Scheme Of Amalgamation Is Taxable

    In a recent ruling, the Hyderabad Income Tax Appellate Tribunal has, in the Vertex Projects case, held that if shares are received in a scheme of amalgamation by an amalgamated company being less than the fair market value...
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Article

    New "Work From Home" Rules In Special Economic Zones May Lead To Tax Holiday Disallowance

    Recognizing the prevalence of flexible hybrid working models and taking into account industry demands, the Ministry of Commerce and Industry, Government of India...
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Arbitrators Can Calculate Damages On The Basis Of "Honest Guesswork" If There Is Insufficient Evidence

    Recently, in the case of Cobra Instalaciones Y Servicios v. Haryana Vidyut Prasaran Nigam Ltd, the Delhi High Court (DHC) ...
    IndiaLitigation, Mediation & Arbitration
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Delhi High Court Rules On Non-Applicability Of Higher Withholding Tax Rate

    In the Air India Limited case, the Delhi High Court has, once again, reiterated that for payments made by an Indian tax resident to a non-resident, the Indian payor will be correct in applying the withholding tax rate ...
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Article

    The Jaipur Appellate Tribunal Rules On India's Equalisation Levy

    In a recent ruling, the Jaipur bench of the Income Tax Appellate Tribunal (the "Tribunal") has upheld that there will be no Equalisation Levy on Google advertisement payments made by...
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Article

    India's Insurance Regulator Seeks To Simplify The Operations And Listing Of Insurance Companies

    The Insurance Regulatory and Development Authority of India (the "IRDAI") has circulated an exposure draft of the IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Indian Insurance Companies) Regulations, 2024.
    IndiaInsurance
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Twitter's Case: A Cautionary Tale For Social Media Companies

    In the case of X Corp. v. Union of India (W.P. No. 13710 of 2022), the Karnataka High Court recently dismissed a writ petition filed by Twitter, Inc. ("Twitter") against certain blocking...
    IndiaMedia, Telecoms, IT, Entertainment
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Implications Of "Return To Office" Direction To SEZ Units In Maharashtra

    Amidst continuing uncertainty regarding the pandemic, the office of the Development Commissioner, Santacruz Electronic Export Processing Zone ("SEEPZ")...
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Article

    MCA Proposes Expansion Of The Fast Track Merger Framework

    The Ministry of Corporate Affairs (the "MCA") has recently issued a public notice inviting comments on the draft Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025 (the "Draft Amendment Rules").
    IndiaCorporate/Commercial Law
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Maternity Benefit Act Ruling – An Update

    Work from home only if the nature of work so permits, rules the Karnataka High Court. In March 2022, the Karnataka High Court passed an order clarifying the scope of the work from home benefit for mothers on maternity leave.
    IndiaEmployment and HR
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Litigation Funding Agreements – Are They Valid In India?

    On July 26, 2023, the United Kingdom's Supreme Court (the "UKSC"), in the matter of R (on the application of PACCAR Inc and others) (Appellants) v. Competition Appeal Tribunal and others...
    IndiaLitigation, Mediation & Arbitration
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Delhi Tribunal Rules On Pre-amended Mauritius DTAA

    n the recent MIH India (Mauritius) Limited case, the Delhi Bench of the Income-tax Appellate Tribunal (the "Delhi Tribunal") held that the income earned by way of capital gains by a Mauritius...
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Income Arising From Crypto Sales Prior To April 1, 2022 To Be Taxed As Capital Gains And Not As Income From Other Sources

    An individual salaried taxpayer (the "Individual") purchased bitcoins during the financial year 2015-16 and sold them in the financial year 2020-21.
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Article

    Mauritius Tax Treaty Benefits Upheld And Clarity Given On Residency Status

    Pursuant to a favourable tax ruling for Tiger Global Eight Holdings in the Policybazar case, in the Flipkart Singapore case involving Tiger Global International Holdings (the "Taxpayer")...
    IndiaTax
    Majmudar & Partners
    Majmudar & Partners
  • Showing 21–40 of 108 results

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