Corporate & Commercial

In our previous article, we analysed and discussed the Madras High Court judgment in All India Gaming Federation v. State of

On January 20, 20251 , the Reserve Bank of India (RBI) updated its master direction on foreign investments in India (Master

The Union Budget 2025-26 seeks to, inter alia, encourage investments in the infrastructure sector, including renewable energy, nuclear energy, public-private partnerships

The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) vide notifications dated November 11, 2024,

The framework for Domestic Money Transfer (“DMT”) was initially introduced by the Reserve Bank of India (“RBI”) vide its notification dated

Ministry of Corporate Affairs vide its notification dated September 9, 2024, notified Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2024 (the

Securities Exchange Board of India (“SEBI”) vide a notification dated August 5, 2024, notified SEBI (Alternative Investment Funds) (Fourth Amendment) Regulations,

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

SEBI tightens norms on independent directors

NTPC floats tender for 1,000 MWh of Battery Energy Storage Systems

An early-stage investor ( Investor ) often encounters situations where its prospectivetarget ( Company ) has a mixed bag of shareholders.

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

As an early-stage investor, the quality of founders is one of the most important criteria for us when we invest. Usually,

Specific indemnity in a transaction context Since specific indemnity is often intended to be clear/ uncapped protection for the indemnity holder.

SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations 2021

The last year has seen increased traction in the e-pharmacy space. With Covid-19 and lockdown driven demands, e-pharmacies received increased customer

Quarterly newsletter highlighting and analyzing legal, regulatory and policy developments

Relaxations made to the definition of listed companies under Companies (Amendment) Act, 2021

The vaccination drive in India has been consistently gaining scale, providing a sense of relief to our frontline workers, elderly and

Fresh guidelines for the social media intermediaries and OTT platforms

Stemming from a global push towards ESG investments and cleaner energy sources, renewable power generation in India has emerged as an

Key takeaways from the Union Budget 2021-22 Union Budget 2021 (Budget) is a dynamic attempt at strengthening an economy that had

Annual compendium highlighting and analyzing legal, regulatory and policy developments in India in 2020.

SEBI proposes revision of existing norms for re-classification and disclosure of promoter/promoter group entities in shareholding patterns On November 23, 2020,

The National Educational Policy 2020 (Policy) has been touted as a breakthrough in the Indian education sector. The key objective of

SEBI revises regulatory framework around scheme of arrangements by listed entities

Companies (Amendment) Act, 2020 – 10 key takeaways; Third Amendment to Listing Regulations; FCRA Amendment; RBI issues FAQs on one-time loan

Quarterly newsletter highlighting and analyzing legal, regulatory and policy developments in Indian Jurisdiction

The term ’contract’ is defined under Section 2(h) of the Contract Act, 1872 (Contract Act) as an agreement enforceable by law.

Last year, in November 2019, a High- Level Committee (HLC) on Corporate Social Responsibility (CSR) was set up to review the

Last year, in November 2019, a High- Level Committee (HLC) on Corporate Social Responsibility (CSR) was set up to review the

Shareholders and investors require visibility on the day to day management of a company in which they hold economic interest. The

Earlier, in June 2020, Ministry of Micro, Small and Medium Enterprises (Ministry) had issued a composite notification introducing revised criterion for

The FEMA (Non-Debt Instrument) Rules, 2019 (NDI Rules), notified by the Central Government on October 17, 2019, were recently amended further.

The FEMA (Non-Debt Instrument) Rules, 2019 (NDI Rules), notified by the Central Government on October 17, 2019, were recently amended further.

Department of Economic Affairs (DEA) on July 23, 2020 issued an office memorandum amending Rule 144 of General Financial Rules, 2017

Ministry of Consumer Affairs, Food and Public Distribution notified the provisions of the Consumer Protection (E-Commerce) Rules, 2020 (Rules) vide notification

The Securities and Exchange Board of India (SEBI) on July 22, 2020, vide notification issued the Securities and Exchange Board of

Department of Economic Affairs (DEA) on July 23, 2020 issued an office memorandum amending Rule 144 of General Financial Rules, 2017

Quarterly newsletter highlighting and analyzing legal, regulatory and policy developments in Indian Jurisdiction

Government of India enacted Micro, Small and Medium Enterprises Development Act, 2005 (MSME Act) under which classification of micro, small and

On May 17, 2020, Ministry of Finance, Government of India (MoF) announced that Indian companies would now be allowed to list

SEBI issued a circular dated May 14, 2020 (2020 Circular) granting relaxation to listed companies from the applicability of 2017 Circular

Section 135 of Companies Act, 2013 (Act) requires companies to constitute a Corporate Social Responsibility Committee (CSR Committee) which is responsible

Government of India enacted Micro, Small and Medium Enterprises Development Act, 2005 (MSME Act) under which classification of micro, small and

On May 14, 2020, SEBI issued a circular (Circular) granting a one-time relaxation from strict enforcement of procedural requirements under Regulation

SEBI issued a circular dated May 14, 2020 (2020 Circular) granting relaxation to listed companies from the applicability of 2017 Circular

With the resumption of economic activity, businesses will face a significant challenge in restarting their operations considering a large part of

Yesterday (i.e. on April 22, 2020), the Indian Government came out with the FEMA NDI Amendment Rules (FDI Amendment). These rules

EGM Circular requires companies to hold EGMs only where the same is considered to be unavoidable. Apart from matters of ordinary

Black swan events change the trajectory of governments, economies and businesses – altering the course of history. With Covid-19, we are

Keeping up with the needs of the fast-changing business environment, IBC has been amended for the fourth time since 2016 with

Recently, on 22 April 2020, the Government of India (GOI) amended India’s foreign exchange control norms t

Through Press Note 3/2020 issued on April 17, 2020, Government of India announced the requirement for prior approval for all...

Suspension of the IBC for a period of 6 months shall further disable the creditors from initiating insolvency resolution proceedings against

In order to support local businesses during the economic disruption caused due to Covid-19, the Government of India, Ministry of Corporate

Quarterly newsletter highlighting and analyzing strategic legal, business and industry complexities in Indian Jurisdiction

India continues to prove to the world that the State needs to act like a parent for her subjects (data). Good

While PE activity remained robust, M&A deals were off to a good start during the first six months of the year

The Indian government recently announced several measures intended to revive the economy amid worries of a slowdown and very weak global

The Government of India vide notification dated 16 August 2019 made crucial changes in the Companies Act, 2013 that relaxed certain

What do Facebook, Google and Snapchat have in common, apart from being some of the most powerful companies in the world?