Irrevocable waiver and indemnity required for specified prior cross-border share-transfer tax orders, precluding future claims. The undertaking requires declarants and interested parties to declare specified pre cutoff orders, provide annexure particulars, and state whether appeals, arbitration or enforcement proceedings were not filed, withdrawn with prejudice, disposed of, or are pending. For pending matters the declarant must irrevocably withdraw and discontinue all proceedings with prejudice, irrevocably waive and release all claims and remedies against India and Indian affiliates, and provide an indemnity bond to hold releasees harmless against any third party claims. Execution authority, public notice, annexure disclosures and Indian law governance are mandated.
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Provisions expressly mentioned in the judgment/order text.
Irrevocable waiver and indemnity required for specified prior cross-border share-transfer tax orders, precluding future claims.
The undertaking requires declarants and interested parties to declare specified pre cutoff orders, provide annexure particulars, and state whether appeals, arbitration or enforcement proceedings were not filed, withdrawn with prejudice, disposed of, or are pending. For pending matters the declarant must irrevocably withdraw and discontinue all proceedings with prejudice, irrevocably waive and release all claims and remedies against India and Indian affiliates, and provide an indemnity bond to hold releasees harmless against any third party claims. Execution authority, public notice, annexure disclosures and Indian law governance are mandated.
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