Publications

Analysis of SEBI Infrastructure Investment Trust Regulations, 2014

Read more

Proposed Amendments to the Arbitration and Conciliation Act, 1996

Read more

Issue of long term bonds by banks: Financing of infrastructure and affordable housing

Read More

Crowdfunding: Is India Ready?

Read more

Legal Updates

Client Alert June’ 16

A MENDMENT TO THE FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000
The Reserve Bank of India has on May 25, 2016 amended the Foreign Exchange Management…
Read more

Client Update July’ 15

  1. RBI’s Strategic Debt Restructuring Scheme: This facilitates conversion of outstanding loans into a majority shareholding in the defaulting company
  2. Amendment to the Companies (Incorporation) Rules, 2014: The process of incorporation has…
    Read more

Client Update April’ 15

The Ministry of Corporate Affairs vide its General Circular Number 6/2015 dated April 9, 2015 notified a clarification that issue of tax free bonds providing higher returns to investors than prevailing bank rates does not violate section 186 (7) of the Companies Act, 2013…
Read more

Client Update January’ 15

About a year ago, the Companies Act, 2013 was brought into force and now the Government has already yielded to pressure from industry to address some concerns within the legislation. The Act was notified onAugust 29, 2013. Out of 470 sections in the Act, 283 sections and 22 sets of Rules corresponding to such…
Read more

Client Alert November’ 14

The Union Cabinet on October 29, 2014 has given its approval for amending the existing Foreign Direct Investment (“FDI”) policy on the ‘Construction Development Sector’ in India. The existing FDI policy, though allowing for FDI up to 100% in the sector, placed stringent conditions on the entry and exit of foreign investors…
Read more

Client Update October’ 14

The Securities and Exchange Board of India received suggestions for establishing a framework for Real Estate Investment Trusts and Infrastructure Investment Trusts in the country, based on which, it drafted structures that would provide an additional funding avenue for the infrastructure and real estate sectors in India…
Read more

Client Update June’ 14

CORPORATE
Corporate Social Responsibility Rules, 2014 were released by the Ministry of Corporate Affairs.
Companies that meet thresholds provided in the rules are required, inter alia, to contribute at least 2% (two percent) of their average net profits during the three…
Read more

Client Update February’ 14

In Brief: On December 30, 2013, the Reserve Bank of India (the “RBI”) notified the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Seventeenth
Amendment) Regulations, 2013 (the “Regulations”) which expressly allow Indian companies to issue shares or convertible…
Read more

Client Update October’ 13

In Brief: The Companies Act, 2013 (the “2013 Act“) received Presidential assent on August 29, 2013 and replaces the Companies Act, 1956 (the “Old Act“).
In the 2013 Act, many new provisions have been made which may have a significant impact on the way business is conducted in India….
Read more

Client Alert on, September’ 13

In Brief: The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012 (the “Bill“) was passed by the Lok Sabha and the Rajya Sabha on August 29, 2013 and September 04, 2013 respectively. The Bill will replace the Land Acquisition Act, 1894 that suffers from various shortcomings…
Read more

Client Update May’ 13

1. ARBITRATION & LITIGATION PETITION UNDER SECTION 9 OF THE ARBITRATION AND CONCILIATION ACT,1996 IS NOT MAINTAINABLE AFTER THE AWARD IF THE CLAIM HAS BEEN DISMISSED.
2. BANKING & FINANCE THE RESERVE BANK OF INDIA GUIDELINES FOR LICENSING OF NEW BANKS IN THE PRIVATE SECTOR.

Read more

Client Update January’ 13

1. BANKING & FINANCE BANKING LAWS AMENDMENT BILL, 2012
2. CORPORATE THE COMPANIES BILL, 2012
3. TAXATION DOUBLE TAX AVOIDANCE AGREEMENT BETWEEN INDIA AND UK AMENDED
4. TRADE & INVESTMENT LOANS TO NON RESIDENTS / THIRD PARTIES AGAINST SECURITY

Read more

Government Notifies Data Privacy Rules Under the Information Technology Act, 2000

April 11, 2011, the Government of India notified the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Date or Information) Rules…
Read more

Merger Scrutiny under the Competition Act, 2002

IN BRIEF: The Government of India has notified certain sections relating to the regulation of mergers and acquisitions under the Competition Act, 2002 (“Competition Act”). The notification will come into effect from June 1, 201…
Read more

GOVERNMENT APPROVES CONDITIONAL FDI IN LIMITED LIABILITY PARTNERSHIPS

On May 20, 2011, the Government of India reviewed the extant policy on foreign direct investment (“FDI”) and decided to permit FDI in limited liability partnership (“LLP”) firms, subject to specified conditions…
Read more

Recent Legal Developments May’ 11

Read more

Recent Legal Developments Jan’11

Read More

Recent Legal Developments Nov 2010

Read more

Recent Legal Developments Oct 2010

Read more