Corporate & Commercial

Union Finance Minister Nirmala Sitharaman (FM) tabled the interim Union Budget for Financial Year 2024-25 before the Parliament on February 01,

Securities Exchange Board of India (SEBI) in its meeting dated December 28, 2021 had approved the proposal to introduce Special Situation

Regulation 50B of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (NCS Regulations) read with Chapter XII of the NCS

The Securities and Exchange Board of India (SEBI) vide its Notification dated September 19, 2023 amended the SEBI (Listing Obligations and

Amidst the evolving landscape of data protection laws in India, the Digital Personal Data Protection Act, 2023 (DPDP Act/Act) stands as

In a significant move aimed at enhancing transparency and accountability in India's corporate landscape, the Securities and Exchange Board of India

The Securities and Exchange Board of India (SEBI) unveiled the Corporate Debt Market Development Fund (CDMDF) framework on July 27, 2023,

The Securities and Exchange Board of India (SEBI) on June 14, 2023 amended the SEBI (Listing Obligations and Disclosure Requirements) 2015

Arrangements between Regulated Entities1 (RE/REs) and Lending Service Providers (LSPs) or between two REs involving Default Loss Guarantee (DLG) 2 are

An advisory was recently issued on the Goods and Services Tax Portal regarding the time limit for reporting invoices on the

On May 10, 2023, the National Company Law Tribunal, New Delhi (NCLT) admitted the application of Go Airlines (India) Limited (Company),

On April 11, 2023, the Competition (Amendment) Bill received the assent of the President of India, after being passed by both

SEBI notified the SEBI (Buy-back of Securities) (Amendment) Regulations, 2023 on February 07, 2023, which came into force on March 09,

HSA Advocates advised Mytrah Energy (India) Private Limited, on sale of its portfolio of 1753 MW renewable energy generation capacity to

On February 10, 2023, the Master Directions on Prepaid Payment Instruments (PPI) was amended to include provisions for issuance of PPIs

On January 25, 2023, the RBI released a discussion paper on securitization of stressed assets framework leading to creation of one

India’s online gaming industry has seen explosive growth over the last several years. In order to better regulate this ecosystem and

On September 15, 2022, the Central Government vide notification G.S.R. 700(E) has amended the Companies (Specification of Definition Details) Rules, 2014

On September 19, 2022, SEBI came out with a framework for Social Stock Exchanges (SSEs), which can be housed within the

On August 22, the Reserve Bank of India (RBI) and the Central Government notified the Foreign Exchange Management (Overseas Investment) Regulations,

Mytrah Energy (India) Private Limited has entered definitive documents with JSW Neo Energy Limited for the sale of its solar and

Reserve Bank of India through Circular dated July 11, 2022 (Circular) has permitted international trade settlement in Indian Rupees (INR). An

HSA Advocates advised Assystem Group on exit from the joint venture between AXISCADES Technologies Limited (ATL) and Assystem Engineering and Operation

The Reserve Bank raised the Additional Factor of Authentication (AFA) limit from INR 5,000 to INR 15,000 per transaction for e-mandates

Securities and Exchange Board of India (SEBI) vide Circular dated April 28, 2022 has reduced the allotment and listing time after

Ministry of Finance (Department of Economic Affairs) on April 12, 2022 vide Notification S.O. 1802(E) notified the Foreign Exchange Management (Non-debt

On February 11, 2022, MCA amended the Companies (Accounts) Amendment Rules, 2022 (Amendment), effective immediately. As per the Amendment, every company

SEBI has issued the Securities and Exchange Board of India (Alternative Investment Funds) (Second Amendment) Regulations, 2022 (Second Amendment to the

As per the earlier circulars issued on April 13, 2020 and April 29, 2021, the time frame for compliance with the

Quick reference guide enabling side-by-side comparison of local insights, including contract formation; statutory controls and implied terms; limitation of liability; payment

On January 24, 2022, SEBI amended SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) to introduce Special Situation Funds (SSF) as

Pursuant to the Finance Act, 2021, the Securities Contracts (Regulation) Act, 1956 (SCRA 1956) underwent certain amendments recently. These pertain to

Deep into the first month of the new year, 2022 promises to be a dynamic year with significant growth opportunities in

Formerly, all listed companies intending to participate in any type of Scheme of Arrangement had to first obtain the approval of

While drafting and negotiating commercial or investment contracts, we often encounter the phrases 'best efforts', 'reasonable efforts' and 'commercially reasonable efforts'.

The Department of Promotion of Industry and Internal Trade (DPIIT), Government of India vide Press Note 4 of (2021 Series), dated

Quarterly newsletter analyzing the legal, regulatory and policy developments in India

Although Special Purpose Acquisition Companies (SPACs) have been active for decades, the year 2021 has been witnessing a considerable rise in

In 2019, SEBI had introduced the concept of Superior Voting Rights (SR) framework. In a move that is likely to further

Representations and warranties are used synonymously in corporate transactions and are often inter-linked in drafting and remedies as well. However, there

As per the new mechanism, upon finalization of the entitlement, only accepted quantity of shares will be debited from the demat

A Disclosure Letter (DL) is a key risk allocation tool in any M&A/PE/VC transaction. In the discussions below, we cover a

The concept of Special Purpose Acquisition Companies (SPACs) was introduced to promote innovative methods for raising capital. SPACs have existed for