INDUSLAW's Corporate and Commercial Advisory practice provides advice on a range of transactional and regulatory matters, advising companies, directors, shareholders, partnerships, limited liability partnerships, trusts and other business entities on:

  • Doing business in India (including the Make In India campaign)
  • Structuring and setting up operations in India, including applying for and obtaining requisite approvals
  • Legal and regulatory implications in the context of a business structure, including Company Law, corporate social responsibility, directors duties and FDI
  • Partnership and Limited Liability Partnership matters
  • Trust law, foreign contributions and their regulation
  • Structuring, drafting and negotiating contracts including consultancy, confidentiality, services, strategic alliance, distribution, franchising, marketing, teaming, joint venture licenses, technology licensing, technology transfer and cooperation, reseller and consortium agreements
  • Commercial law
  • Re-structuring, exit strategies, winding up and repatriation of proceeds

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publications

INSOLVENCY AND BANKRUPTCY CODE, 2016: A CRITICAL ANALYSIS
Corporate & CommercialInsolvency & Restructuring & Banking & Finance

INSOLVENCY AND BANKRUPTCY CODE, 2016: A CRITICAL...

It's no secret that the Indian banking industry has a rather large number of loans outstanding that have simply gone wrong. With non-performing loans estimated...
LIABILITY OF DIRECTORS FOR DISHONOR OF CHEQUES ISSUED BY A COMPANY
Corporate & Commercial

LIABILITY OF DIRECTORS FOR DISHONOR OF CHEQUES...

Are all directions of a company deemed to be criminally liable in the event of dishonor of cheque issued by the company? Can they all...
CORPORATE SOCIAL RESPONSIBILITY
Corporate & Commercial

CORPORATE SOCIAL RESPONSIBILITY

"A good company delivers great products and services but a great company does that and makes the world a better place". This statement by William...
RECENT REFORMS IN INDIA'S FOREIGN DIRECT INVESTMENT POLICY
Private Equity, Venture Capital and Fund InvestmentGovernment & Regulatory & Corporate & Commercial

RECENT REFORMS IN INDIA'S FOREIGN DIRECT INVESTMENT...

Earlier this month, the government of India eased restrictions on foreign direct investment ("FDI") in India with a view to promoting the 'Make in India'...
COMPANIES ACT 2013: A NEW SAIL IN LLP REGIME?
Corporate & Commercial

COMPANIES ACT 2013: A NEW SAIL IN...

The Companies Act 2013 has shaken the way business was conducted in India. The governance ecosystem of the Companies Act, 1956 ("Old Act"), with its...
INDIA: DEPOSITS UNDER THE COMPANIES ACT, 2013
Corporate & Commercial

INDIA: DEPOSITS UNDER THE COMPANIES ACT, 2013

Deposits have been defined under the Companies Act, 2013 ("2013 Act") to include any receipt of money by way of deposit or loan or in...
INDIA: THE GIST OF GST - A UNIFIED INDIRECT TAX MARKET?
Corporate & Commercial & Government & Regulatory

INDIA: THE GIST OF GST - A...

"One Country, One Tax, One Market" were the excited claims of the architects of the Constitution (One Hundred and First) Amendment Act, 2016, passed by...
THE 40 WHO MATTER IN THE INDIAN START-UP ECOSYSTEM
Private Equity, Venture Capital and Fund InvestmentTechnology, Media & Telecommunications & Corporate & Commercial

THE 40 WHO MATTER IN THE INDIAN...

In the first of a multi-part series, Mint profiles the 40 most influential people in India's start-up ecosystem. While e-commerce influencers still dominate the list,...
KEY LEGAL DEVELOPMENTS 2016
Corporate & Commercial

KEY LEGAL DEVELOPMENTS 2016

This publication highlights some of the key changes to India’s legal framework during 2016, analysing its implications and what it means for investors, lenders, developers...
FOREIGN DIRECT INVESTMENT IN WATER: AN ELUSIVE POT
Energy, Infrastructure & Natural ResourcesPrivate Equity, Venture Capital and Fund Investment & Corporate & Commercial

FOREIGN DIRECT INVESTMENT IN WATER: AN ELUSIVE...

WATER SECTOR – AN OVERVIEW : In the world of business and investment, it's often said that the biggest opportunities exist in sectors facing the...
REVIEW OF THE EXISTING FOREIGN DIRECT INVESTMENT POLICY ON WARRANTS AND PARTLY PAID SHARES
Corporate & Commercial & Private Equity, Venture Capital and Fund Investment

REVIEW OF THE EXISTING FOREIGN DIRECT INVESTMENT...

The Department of Industrial Policy and Promotion, Government of India vide press note 9 dated September 16, 2015 ("Press Note") amended the definition of 'capital'...
THE START-UP PUSH
Corporate & Commercial

THE START-UP PUSH

The Government of India has launched “Startup India” – an initiative to build a strong eco-system for nurturing innovation and start-ups in the country that...
GUIDELINES FOR FOREIGN DIRECT INVESTMENT IN E-COMMERCE
Corporate & Commercial & Private Equity, Venture Capital and Fund Investment

GUIDELINES FOR FOREIGN DIRECT INVESTMENT IN E-COMMERCE

The petition filed by the Footwear Manufacturers & Retailers Association before the High Court of Delhi (the “High Court”) last year, alleging violation by the...
THE INSOLVENCY AND BANKRUPTCY CODE, 2016
Corporate & CommercialInsolvency & Restructuring & Banking & Finance

THE INSOLVENCY AND BANKRUPTCY CODE, 2016

The Insolvency and Bankruptcy Code, 2016 (the “Code”) passed by the Lok Sabha on 5th May, 2016[1] seeks to provide a framework for time-bound settlement...
AMENDMENT TO THE FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000
Corporate & Commercial & Private Equity, Venture Capital and Fund Investment

AMENDMENT TO THE FOREIGN EXCHANGE MANAGEMENT (TRANSFER...

The Reserve Bank of India (the “RBI”) notified an amendment to the FEMA 2000 on April 28 2016 by issuing the Foreign Exchange Management (Transfer...
KEY HIGHLIGHTS IN THE CONSOLIDATED POLICY ON FOREIGN INVESTMENTS IN INDIA
Corporate & Commercial & Private Equity, Venture Capital and Fund Investment

KEY HIGHLIGHTS IN THE CONSOLIDATED POLICY ON...

The Department of Industrial Policy & Promotion (the "DIPP") had, in supersession of the erstwhile policy on foreign investments in India (the "Erstwhile FDI Policy")...
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
Corporate & Commercial & Government & Regulatory

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA

On December 1, the Ministry of Corporate Affairs notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (the...
THE ROLE OF THE NATIONAL COMPANY LAW TRIBUNAL AND THE TRANSFER OF INSOLVENCY PROCEEDINGS
Corporate & Commercial

THE ROLE OF THE NATIONAL COMPANY LAW...

On December 7, 2016, the Ministry of Corporate Affairs published 2 (two) notifications relating to the commencement of certain sections of the Companies Act, 2013...
BRIEFING NOTES - KEY LEGAL DEVELOPMENTS 2016
Corporate & Commercial

BRIEFING NOTES - KEY LEGAL DEVELOPMENTS 2016

This time last year, few would have been optimistic that parliament would be able to push through much needed legislation to trigger sweeping changes to...
BOOST TO FUNDING STARTUPS: THE ISSUE OF CONVERTIBLE NOTES TO FOREIGN INVESTORS
Corporate & Commercial

BOOST TO FUNDING STARTUPS: THE ISSUE OF...

The Reserve Bank of India has amended theForeign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (the "TISPRO...
UNION BUDGET 2017-2018: HIGHLIGHTS
Corporate & Commercial & Government & Regulatory

UNION BUDGET 2017-2018: HIGHLIGHTS

India's Finance Minister presented the Union Budget 2017-2018 (the "Budget") before Parliament on February 1, 2017, with promises to boost rural spending and cut taxes...
CONTROL AND INVESTOR PROTECTION RIGHTS UNDER THE SEBI TAKEOVER REGULATIONS
Corporate & Commercial

CONTROL AND INVESTOR PROTECTION RIGHTS UNDER THE...

The Securities Exchange Board of India ("SEBI"), in a recent order dated March 31, 2017, in the matter of Kamat Hotels (India) Limited (the "SEBI...
AWARD FOR DAMAGES DOES NOT BREACH SHARE PRICE VALUATION GUIDELINES: DELHI HIGH COURT REJECTS RBI INTERVENTION OVER ENFORCEMENT OF ARBITRAL AWARD
Litigation & Dispute ResolutionGovernment & Regulatory & Corporate & Commercial

AWARD FOR DAMAGES DOES NOT BREACH SHARE...

Recently, the Delhi High Court (the "Court") passed a landmark judgment while deciding a petition seeking enforcement of a foreign arbitral award.
THE NEW LAW ON DISABILITY: WHAT DOES IT MEAN FOR INDIAN CORPORATES?
Corporate & Commercial

THE NEW LAW ON DISABILITY: WHAT DOES...

The Rights of Persons with Disabilities Act, 2016 (the 'Act') and the Rights of Persons with Disabilities Rules, 2016 (the 'Rules') came into effect on...
TIME BARRED DEBT CAN BE PURSUED UNDER THE INSOLVENCY AND BANKRUPTCY CODE
Corporate & CommercialLitigation & Dispute Resolution & Banking & Finance

TIME BARRED DEBT CAN BE PURSUED UNDER...

In a recent judgment, the National Company Law Appellate Tribunal, New Delhi (the 'NCLAT') held that the provisions of the Limitation Act, 1963 (the 'Limitation...
RESTRICTION ON THE NUMBER OF LAYERS OF SUBSIDIARIES
Corporate & Commercial

RESTRICTION ON THE NUMBER OF LAYERS OF...

The Ministry of Corporate Affairs notified the Companies (Restriction on Number of Layers) Rules, 2017 (the 'Rules') on September 20, 2017. The Rules have been...
RBI REVISES REPORTING DIRECTIONS TO ALIGN WITH THE FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) REGULATIONS, 2017
Private Equity, Venture Capital and Fund InvestmentMergers & AcquisitionsGovernment & Regulatory & Corporate & Commercial

RBI REVISES REPORTING DIRECTIONS TO ALIGN WITH...

In an attempt to bring the reporting requirements relating to the Foreign Exchange Management Act, 1999 (the 'Act') in line with the recently-introduced Foreign Exchange...
FURTHER LIBERALIZATION OF THE FDI REGIME
Private Equity, Venture Capital and Fund InvestmentMergers & AcquisitionsGovernment & Regulatory & Corporate & Commercial

FURTHER LIBERALIZATION OF THE FDI REGIME

The Union Cabinet, on January 10, 2018, approved certain key amendments to the Consolidated FDI Policy Circular of 2017 (the 'FDI Policy'). The amendments aim...
SEBI AIMS TO STIMULATE INVITS AND REITS BY ALLOWING UPTO 25% PARTICIPATION BY STRATEGIC INVESTORS THROUGH PUBLIC OFFER FOR THE FIRST TIME
Real EstateCapital Markets & International Offerings & Corporate & Commercial

SEBI AIMS TO STIMULATE INVITS AND REITS...

The Securities and Exchange Board of India ('SEBI') released a circular (the 'Circular') on January 18, 2018, outlining the operational modalities for participation by strategic...
THE INSOLVENCY & BANKRUPCY CODE (AMENDMENT) ACT:  RESOLUTION APPLICANTS NARROWED?
Corporate & CommercialGovernment & RegulatoryInsolvency & Restructuring & Banking & Finance

THE INSOLVENCY & BANKRUPCY CODE (AMENDMENT) ACT:...

Earlier in January, the Insolvency and Bankruptcy Code (Amendment) Act (the "Amendment Act") came into force amending the Bankruptcy and Insolvency Code, 2016 (the "Code"),...
RBI DISCONTINUES ISSUANCE OF LETTERS OF UNDERSTANDING AND LETTERS OF COMFORT FOR TRADE CREDITS
Corporate & CommercialGovernment & Regulatory & Banking & Finance

RBI DISCONTINUES ISSUANCE OF LETTERS OF UNDERSTANDING...

In an attempt to promote investment activities and to liberalize the procedures relating to trade credits for imports, the Reserve Bank of India (the "RBI")...
RBI NOTIFIES REGULATIONS ON CROSS BORDER MERGERS
Private Equity, Venture Capital and Fund InvestmentMergers & AcquisitionsGovernment & Regulatory & Corporate & Commercial

RBI NOTIFIES REGULATIONS ON CROSS BORDER MERGERS

In an attempt to clarify the position in relation to the law relating to cross-border mergers in India, the Reserve Bank of India (the 'RBI')...
SEBI PARTIALLY ACCEPTS KOTAK COMMITTEE'S RECOMMENDATIONS ON CORPORATE GOVERNANCE
Corporate & Commercial & Government & Regulatory

SEBI PARTIALLY ACCEPTS KOTAK COMMITTEE'S RECOMMENDATIONS ON...

In June 2017, the Securities and Exchange Board of India ('SEBI') constituted a committee on corporate governance under the chairmanship of Mr. Uday Kotak, to...
MINIMUM FDI LIMITS FOR UNREGULATED "OTHER FINANCIAL SERVICES" SECTOR ANNOUNCED
Corporate & Commercial & Government & Regulatory

MINIMUM FDI LIMITS FOR UNREGULATED "OTHER FINANCIAL...

The Ministry of Finance has announced minimum foreign direct investment ("FDI") limits applicable to unregulated or partially regulated investee entities under the Government approval route...
DO THE RISKS OUTWEIGH THE REWARDS?
Corporate & Commercial & International Practice Group

DO THE RISKS OUTWEIGH THE REWARDS?

Do the risks outweigh the rewards? Doing business in India can be bewildering for new market entrants, but with nuanced local advice, it can also...
DOING BUSINESS IN INDIA: AN OVERVIEW
Corporate & Commercial & International Practice Group

DOING BUSINESS IN INDIA: AN OVERVIEW

Doing business and investing in India can seem like a complex process for new market entrants. INDUSLAW helped Polish businesses see the wood...
SEBI AMENDS DELISTING AND TAKEOVER REGULATIONS TO FACILIATE INSOLVENCY RESOLUTION FOR LISTED COMPANIES
Corporate & CommercialCapital Markets & International OfferingsInsolvency & Restructuring & Banking & Finance

SEBI AMENDS DELISTING AND TAKEOVER REGULATIONS TO...

The regulator of Indian securities market, the Securities and Exchange Board of India ('SEBI') on May 31, 2018, notified amendments to the SEBI (Substantial Acquisition...
ORDINANCE AMENDS INSOLVENCY & BANKRUPTCY CODE
Corporate & CommercialInsolvency & Restructuring & Banking & Finance

ORDINANCE AMENDS INSOLVENCY & BANKRUPTCY CODE

The President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (the 'Ordinance') on 6 June 2018 to amend the Insolvency and Bankruptcy...
RBI INTRODUCES A SINGLE MASTER FORM TO REPORT ALL FOREIGN INVESTMENT RECEIVED BY INDIAN ENTITIES
Private Equity, Venture Capital and Fund InvestmentGovernment & Regulatory & Corporate & Commercial

RBI INTRODUCES A SINGLE MASTER FORM TO...

On June 7, 2018, the Reserve Bank of India (the 'RBI') issued a circular (the 'Circular'),1 introducing a single master form (the 'SMF') to integrate...
INDIA'S PROPOSED CROSS BORDER INSOLVENCY REGIME: WILL IT TRUMP THE GIBBS RULE?
Corporate & CommercialInternational LawInsolvency & Restructuring & Banking & Finance

INDIA'S PROPOSED CROSS BORDER INSOLVENCY REGIME: WILL...

The Insolvency & Bankruptcy Code currently has no clear framework for cross border insolvency. That's about to change, with the Ministry of Corporate Affairs recently...
RBI CLARIFIES THE PROCESS FOR FILING THE MANDATORY SINGLE MASTER FORM IN RELATION TO FOREIGN INVESTMENT
Private Equity, Venture Capital and Fund InvestmentGovernment & Regulatory & Corporate & Commercial

RBI CLARIFIES THE PROCESS FOR FILING THE...

The Reserve Bank of India (the "RBI"), on September 1, 2018, released a user manual (the "SMF Manual") to clearly set out the procedure for...
DIGITAL BUSINESS IN INDIA: OVERVIEW
Corporate & Commercial

Digital Business in India: Overview

The Q&A gives a high level overview of matters relating to regulations and regulatory bodies for doing business online, setting up an online business, electronic...
THE ESSAR INSOLVENCY CASE: SUPREME COURT UNRAVELS SECTION 29A OF THE  INSOLVENCY AND BANKRUPTCY CODE
Corporate & CommercialLitigation & Dispute ResolutionInsolvency & Restructuring & Banking & Finance

THE ESSAR INSOLVENCY CASE: SUPREME COURT UNRAVELS...

Earlier this month, the Supreme Court of India passed a judgment concerning the eligibility of resolution applicants for Essar Steel India Limited. INDUSLAW's...
SUPREME COURT UPHOLDS EQUITABLE VALUE MAXIMISATION UNDER THE INSOLVENCY AND BANKRUPTCY CODE
Litigation & Dispute ResolutionInsolvency & Restructuring & Corporate & Commercial

Supreme Court upholds equitable value maximisation under...

The Supreme Court of India recently dismissed an appeal by a competing resolution applicant, asserting that the acceptance of UltraTech's recent resolution plan to acquire...
NEW FDI RESTRICTIONS INTRODUCED FOR E-COMMERCE MARKETPLACE ENTITIES
Private Equity, Venture Capital and Fund InvestmentGovernment & Regulatory & Corporate & Commercial

New fdi restrictions introduced for e-commerce marketplace...

On December 26, 2018, the DIPP issued a press note to introduce key changes to the conditions applicable to e-commerce marketplace entities to receive FDI...
KEY LEGAL DEVELOPMENTS 2018
Corporate & CommercialEmployment LawTechnology, Media & TelecommunicationsGovernment & RegulatoryInsolvency & Restructuring & Banking & Finance

Key Legal Developments 2018

During 2018, our lawyers shared their thoughts on a number of major legal developments impacting the Indian economy, spanning a wide arc from data usage...
NEW COMPANY RULES TIGHTEN REPORTING OF SIGNIFICANT BENEFICIAL OWNERSHIP
Corporate & Commercial & Private Equity, Venture Capital and Fund Investment

NEW COMPANY RULES TIGHTEN REPORTING OF SIGNIFICANT...

The recently-introduced Companies (Significant Beneficial Owners) Amendment Rules, 2019, have been published in the Official Gazette. They have been introduced to identify individuals who have...
AMENDMENTS TO THE IBBI (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2016 AND THE IBBI (LIQUIDATION PROCESS) REGULATIONS, 2016
Government & RegulatoryInsolvency & Restructuring & Corporate & Commercial

Amendments to the IBBI (Insolvency Resolution Process...

The Insolvency and Bankruptcy Board of India has notified amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 and the IBBI (Liquidation...
HIGHLIGHTS OF THE COMPANIES (AMENDMENT) ACT, 2019
Corporate & Commercial & Government & Regulatory

HIGHLIGHTS OF THE COMPANIES (AMENDMENT) ACT, 2019

The Ministry of Corporate Affairs has notified the Companies (Amendment) Act, 2019, considering the changes brought in by the Companies (Amendment) Ordinance, 2018, the Companies...
AMENDMENT TO THE SHARE CAPITAL AND DEBENTURE RULES: NEW REGIME AND RELAXATIONS
Corporate & Commercial & Government & Regulatory

AMENDMENT TO THE SHARE CAPITAL AND DEBENTURE...

With an aim to boost the economy, the Ministry of Corporate Affairs issued a notification to amend the Companies (Share Capital and Debentures) Rules, 2014,...
CHANGES TO THE FDI POLICY: EXPLORING THE POTENTIAL IMPACTS
Private Equity, Venture Capital and Fund InvestmentGovernment & Regulatory & Corporate & Commercial

CHANGES TO THE FDI POLICY: EXPLORING THE...

On August 28, 2019, the Union Cabinet approved the proposal for amending certain provisions of the FDI Policy, suggesting relaxation of FDI norms for various...
CHANGES TO INSIDER TRADING LAW: NEW INFORMANT POLICY
Government & RegulatoryCapital Markets & International Offerings & Corporate & Commercial

CHANGES TO INSIDER TRADING LAW: NEW INFORMANT...

On September 17, 2019, the Securities and Exchange Board of India notified the amendments to the insider trading regime by notifying the SEBI (Prohibition of...
THE FPI REGULATIONS 2019: NEW REGIME AND RELAXATIONS
Private Equity, Venture Capital and Fund InvestmentGovernment & RegulatoryCapital Markets & International Offerings & Corporate & Commercial

THE FPI REGULATIONS 2019: NEW REGIME AND...

The Securities and Exchange Board of India ('SEBI') has notified the SEBI (Foreign Portfolio Investors) Regulations, 2019 (the 'Regulations') on September 23, 2019, in supersession...
NEW FOREIGN INVESTMENT RULES AND REGULATIONS: THE BANK SURRENDERS THE BATON?
Private Equity, Venture Capital and Fund InvestmentGovernment & RegulatoryCapital Markets & International Offerings & Corporate & Commercial

NEW FOREIGN INVESTMENT RULES AND REGULATIONS: THE...

The Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the 'Rules'), the Foreign Exchange Management (Debt Instrument) Regulations, 2019 (the 'Debt Regulations'), and the Foreign Exchange...
NON-DEBT INSTRUMENTS RULES, 2019: RATIONALIZED?
Private Equity, Venture Capital and Fund InvestmentGovernment & RegulatoryCapital Markets & International Offerings & Corporate & Commercial

NON-DEBT INSTRUMENTS RULES, 2019: RATIONALIZED?

In furtherance of ease of doing business in India and in order to capture the changes which had been introduced by Press Note 4 of...
AMENDMENT TO THE LIQUIDATION PROCESS: TIGHTENING OF NORMS
Government & RegulatoryInsolvency & Restructuring & Corporate & Commercial

AMENDMENT TO THE LIQUIDATION PROCESS: TIGHTENING OF...

On January 6, 2020, the Insolvency and Bankruptcy Board of India (the 'IBBI') notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations,...
AMENDMENT TO THE COMPANIES ARRANGEMENT RULES: A NEW WAY TO SQUEEZE OUT THE MINORITY?
Corporate & Commercial & Government & Regulatory

AMENDMENT TO THE COMPANIES ARRANGEMENT RULES: A...

On February 03, 2020, the Ministry of Corporate Affairs notified Sections 230(11) and Section 230(12) of the Companies Act, 2013 along with the Companies (Compromises,...
COVID-19: SEBI EASES LODR COMPLIANCE NORMS
Corporate & Commercial & Capital Markets & International Offerings

COVID-19: SEBI EASES LODR COMPLIANCE NORMS

COVID 19 is 2020's juggernaut - a black swan that has disrupted life like we have never known before. While governments over the world have...
RELAXATION IN THE BOARD MEETING NORMSAND ADVISORY BY THE MCA TO CURTAIL THE SPREAD OF COVID-19
Corporate & Commercial

RELAXATION IN THE BOARD MEETING NORMSAND ADVISORY...

In view of the prevailing threat due to the Covid-19 outbreak, the Ministry of Corporate Affairs has relaxed the restrictions on conducting board meetings through...
CORONAVIRUS (COVID-19): IMPACT OF MAE/MAC CLAUSES ON M&A AND INVESTMENTS
Corporate & Commercial & Private Equity, Venture Capital and Fund Investment

CORONAVIRUS (COVID-19): IMPACT OF MAE/MAC CLAUSES ON...

With the growing uncertainty around the COVID-19 situation, parties have begun to evaluate what customarily gets built into transaction documents as a clause relating to...
MCA CLARIFICATION ON SPENDING OF CSR FUNDS AND OTHER RELIEF MEASURESDUE TO COVID-19 OUTBREAK
Corporate & Commercial

MCA CLARIFICATION ON SPENDING OF CSR FUNDS...

In light of the ongoing COVID-19 pandemic outbreak, the Ministry of Corporate Affairs (the 'MCA') on March 23, 2020 has provided a clarificatory circular with...
SEBI FURTHER EASES COMPLIANCE NORMS AMIDST THE COVID-19SITUATION
Corporate & Commercial & Capital Markets & International Offerings

SEBI FURTHER EASES COMPLIANCE NORMS AMIDST THE...

In our news alert published last week, we had discussed some much-needed exemptions granted by the Securities and Exchange Board of India ('SEBI') to listed...
COVID-19 OUTBREAK: SEBI FURTHER EASES LODR COMPLIANCE NORMS FOR LISTED ENTITIES
Corporate & Commercial & Capital Markets & International Offerings

COVID-19 OUTBREAK: SEBI FURTHER EASES LODR COMPLIANCE...

As COVID-19 continues on its rampage, the Government of India and other authorities have been continuously initiating measures to contain the pandemic, including a nationwide...
FREQUENTLY ASKED QUESTIONS - FORCE MAJEURE
Corporate & Commercial

FREQUENTLY ASKED QUESTIONS - FORCE MAJEURE

With the adverse impact of the COVID-19 pandemic on businesses around the world, people are evaluating various options regarding the performance of contracts. One of...
RBI REGULATORY PACKAGE FORCOVID-19| FREQUENTLY ASKED QUESTIONS
Corporate & CommercialInsolvency & Restructuring & Banking & Finance

RBI REGULATORY PACKAGE FORCOVID-19| FREQUENTLY ASKED QUESTIONS

On March 27, 2020, to mitigate the impact of COVID-19 on the financial market, the RBI announced a regulatory package, through which it allowed a...
INFOLEX NEWS ALERT - MCA ISSUES RELIEF MEASURES TO CONDUCT EGM
Corporate & Commercial

Infolex News Alert - MCA issues relief...

In the wake of the COVID-19 pandemic and the consequent restrictions imposed on the movement of people, goods and services, companies are facing new hurdles...
INFOALERT | COMPANIES FRESH START SCHEME, 2020
Corporate & Commercial

InfoAlert | Companies Fresh Start Scheme, 2020

In furtherance to the Ministry of Corporate Affair's (the 'MCA') general circular dated March 24, 2020 and the powers conferred on it under the Companies...
TIGHTENING THE NOOSE: COMPANIES (AUDITOR'S REPORT) ORDER, 2020
Corporate & Commercial

Tightening The Noose: Companies (Auditor's Report) Order,...

The Ministry of Corporate Affairs (the 'MCA') has notified the Companies (Auditor's Report) Order, 2020 on February 25, 2020, superseding the Companies (Auditor's Report) Order,...
TIPPING THE HOURGLASS-SEBI STALLS RAPIDLY RUNNING OUT SANDS FOR FUND-RAISING COMPANIES (APRIL 25 2020)
Corporate & Commercial & Capital Markets & International Offerings

Tipping The Hourglass-SEBI stalls rapidly running out...

On April 21, 2020, the Securities and Exchange Board of India (SEBI) offered temporary amnesty to companies from certain crucial regulations governing public offerings (initial...
INFOLEX NEWSALERT - AMENDMENT TO THE FOREIGN INVESTMENT RULES - HARMONIZING THE REGULATORY LANDSCAPE
InsuranceGovernment & Regulatory & Corporate & Commercial

Infolex NewsAlert - Amendment to the Foreign...

On April 27, 2020, the Ministry of Finance notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2020 (the 'Amendment') to amend the Foreign...
AUGMENTING THE FIGHT AGAINST COVID-19: HOW BUSINESSES ARE STEPPING UP – REGULATORY ENABLERS AND MISSES
Corporate & Commercial & Technology, Media & Telecommunications

Augmenting the fight against Covid-19: How Businesses...

COVID-19 has brought the world to its knees. Countries are at different stages of transmission of the pandemic, trying their best to cope with their...
SEBI FURTHER RELAXES RIGHTS ISSUE NORMS
Corporate & Commercial & Capital Markets & International Offerings

SEBI Further Relaxes Rights Issue Norms

With lockdown 3.0 being implemented, the Securities and Exchange Board of India (SEBI) has through a circular dated May 06, 2020, granted temporary relaxations from...
STANDARD OPERATING PROCEDURES ON EXIT STRATEGY FOR AIRPORTS, AIRLINES AND PASSENGERS
Corporate & Commercial

STANDARD OPERATING PROCEDURES ON EXIT STRATEGY FOR...

On March 24th, 2020, the Government of India initiated a nationwide lockdown for a period of 21(twenty-one)days, limiting movement of the general public as a...
EQUITY FUND RAISING IN COVID-19 MARKETS
Corporate & Commercial & Capital Markets & International Offerings

Equity Fund Raising in COVID-19 Markets

COVID-19 has created 'new normals' in every aspect of life, including in economies, markets, businesses, and the funds that power them. Riding an 11 year...
SPECIFIC OPERATING PROCEDURES ON EXIT STRATEGY FOR AIRPORTS, AIRLINES AND PASSENGERS FOR COMMENCEMENT OF DOMESTIC FLIGHT OPERATIONS
Corporate & Commercial

SPECIFIC OPERATING PROCEDURES ON EXIT STRATEGY FOR...

In light of the ongoing COVID-19 pandemic outbreak, the Ministry of Home Affairs ('MHA') on May 20th, 2020 has amended the guidelines on lockdown and...
THE DOJ'S FCPA CORPORATE COMPLIANCE GUIDANCE: IMPLICATIONS FOR INDIAN BUSINESSES
Corporate & Commercial

THE DOJ'S FCPA CORPORATE COMPLIANCE GUIDANCE: IMPLICATIONS...

In April of 2019, the Department of Justice of the United States of America released a Guidance Document aimed at highlighting certain key factors for...
INFOLEX NEWS ALERT - SEBI HOT-WIRES FPOS - RELAXES FAST-TRACK NORMS
Corporate & Commercial & Capital Markets & International Offerings

Infolex News Alert - SEBI Hot-Wires FPOs...

Over the last few months, the Securities and Exchange Board of India (“SEBI”) has offered much-needed relaxations to the companies struggling with the disruption caused...
INFOLEX ARTICLE | KEY THEMES FROM RECENT SEBI ORDERS ON INSIDER TRADING
Corporate & Commercial & Capital Markets & International Offerings

Infolex Article | Key Themes from Recent...

Recently, in two related sets of orders, SEBI has opined on the dissemination of unpublished price sensitive information through digital and social media. The orders...
INFOLEX ARTICLE: UNDERSTANDING ANTI-DILUTION RIGHTS IN INDIAN INVESTMENTS
Corporate & Commercial

Infolex Article: Understanding Anti-Dilution Rights in Indian...

With a dip in company valuations due to the economic downturn in the COVID-19 pandemic, and with companies raising money at lower valuations, discussions and...
KEY FACETS OF THE CONSUMER PROTECTION ACT, 2019 & E-COMMERCE RULES
Corporate & Commercial & Government & Regulatory

Key Facets of The Consumer Protection Act,...

The Government of India recently issued notifications on July 15, 2020 and July 23, 2020 for enforcement of the Consumer Protection Act, 2019 (CPA 2019)....
INFOALERT - AMENDMENT TO NON-DEBT RULES 2019
Corporate & Commercial & Government & Regulatory

InfoAlert - Amendment to Non-debt Rules 2019

The Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2020[1] were introduced on July 27, 2020, which among other things, passes the baton from the...
INFOLEX ARTICLE - PRODUCT LIABILITY LAW IN INDIA: AN EVOLUTION
Government & RegulatoryManufacturing & Corporate & Commercial

InfoLex Article - Product Liability Law in...

Product liability law provides the consumers with legal recourse for any injuries suffered from a defective product. It is estimated that millions of people around...
SWEAT, STOCK AND SCHEMES: AN OVERVIEW OF ESOPS IN INDIA
Corporate & Commercial

SWEAT, STOCK AND SCHEMES: AN OVERVIEW OF...

Employee stock option plans are integral to the growth of an enterprise, since they incentivize and reward employees for long-term commitments towards a company, with...
INFOALERT : HIGHLIGHTS OF THE COMPANIES (AMENDMENT) BILL AUGUST-11-2020
Corporate & Commercial & Government & Regulatory

InfoAlert : Highlights of the Companies (Amendment)...

The finance minister of India, Smt. Nirmala Sitharaman tabled the Companies (Amendment) Bill, 2020 (the “Bill”) before the Lok Sabha on March 17, 2020, to...
INFOLEX ARTICLE: AN ANALYSIS OF STOCK APPRECIATION RIGHTS IN INDIA
Corporate & Commercial

Infolex Article: An Analysis of Stock Appreciation...

ESOPs are constructed to incentivise and reward employees of companies. However, as cap tables become more complex, Indian companies have begun experimenting with other ways...
INFOLEX NEWSALERT – FDI POLICY, 2020: DOES IT REALLY CONSOLIDATE THE EXTANT FDI REGIME?
Private Equity, Venture Capital and Fund InvestmentGovernment & Regulatory & Corporate & Commercial

Infolex NewsAlert – FDI Policy, 2020: Does...

On October 28, 2020, the DPIIT after a gap of 3 long years, unveiled the consolidated FDI Policy, 2020. While it seeks to consolidate the...
INFOLEX NEWSALERT – AMENDMENT TO THE AIRCRAFT ACT, 1934
Corporate & Commercial & Government & Regulatory

Infolex NewsAlert – Amendment to the Aircraft...

The Aircraft (Amendment) Act, 20201 (the “Amendment”) was passed by the Lok Sabha on March 17, 2020, by the Rajya Sabha on September 15, 2020,...
INFOLEX NEWSALERT – LIBERALISATION OF GUIDELINES FOR OTHER SERVICE PROVIDERS
Corporate & Commercial & Technology, Media & Telecommunications

Infolex NewsAlert – Liberalisation of Guidelines for...

The New OSP Guidelines have been issued by the DoT with the objective of devising a framework to accommodate the constant innovations in technology and...
INFOLEX NEWSLETTER: AVIATION NEWSLETTER (MARCH 2020 - DECEMBER 2020)
Corporate & Commercial & Government & Regulatory

Infolex Newsletter: Aviation Newsletter (March 2020 -...

Between March 2020 and December 2020, the legislative space in aviation saw several changes, such as amendments to FDI in aviation, the Aircraft (Amendment) Act,...
INFOLEX ARTICLE | BREXIT: IMPACT ON THE OVERALL FOREIGN INVESTMENT LANDSCAPE IN THE UK
Corporate & Commercial & Government & Regulatory

Infolex Article | Brexit: Impact on the...

In the backdrop of Britain’s departure from the European Union effective January 2021, INDUSLAW’s Avimukt Dar and Shantanu Mukul discuss the major issues...
INFOLEX NEWSALERT | AMENDMENT TO FEMA (EXPORT OF GOODS) RGULATIONS
Corporate & Commercial & Government & Regulatory

InfoLex NewsAlert | Amendment to FEMA (Export...

On January 08, 2021, the RBI amended the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 with the aim to introduce certain exemptions...
HIGHLIGHTS OF THE MAHARASHTRA STAMP (AMENDMENT AND VALIDATION) ORDINANCE, 2021
Corporate & CommercialReal Estate & Banking & Finance

HIGHLIGHTS OF THE MAHARASHTRA STAMP (AMENDMENT AND...

The Revenue and Forests Department has amended the Maharashtra Stamp Act, 1958 on February 9, 2021, vide Maharashtra Ordinance No. I of 2021[1], by promulgating...
INFOLEX ARTICLE | SPAC - MORE THAN JUST A BLANK-CHECK COMPANY
Corporate & Commercial & Mergers & Acquisitions

Infolex Article | SPAC - More than...

SPACs have been the buzzword in financial markets in the US and India. With more investors training their binoculars towards the subcontinent, INDUSLAW's...
HISTORICAL AND CONTEMPORARY REGULATORY LANDSCAPE OF HEMP AND HEMP PRODUCTS
International Practice GroupGovernment & Regulatory & Corporate & Commercial

HISTORICAL AND CONTEMPORARY REGULATORY LANDSCAPE OF HEMP...

The usage of cannabis, hemp or marijuana precedes official records, and it is one of the oldest crops thought to have been cultivated. A complex...
ELECTRIC VEHICLES: DRIVING INDIA TOWARDS SUSTAINABILITY
Private Equity, Venture Capital and Fund InvestmentMergers & Acquisitions & Corporate & Commercial

ELECTRIC VEHICLES: DRIVING INDIA TOWARDS SUSTAINABILITY

The objective of this article is to furnish the current policy regime and legal framework around electric vehicles (“EVs”) in India. In light of the...
ELECTRIC VEHICLES - ENG VERSION DRAFT
Corporate & Commercial

ELECTRIC VEHICLES - eng version draft

The objective of this article is to furnish the current policy regime and legal framework around electric vehicles (“EVs”) in India. In light of the...
SEBI MAKES POLICY CHANGES IN RELATION TO CAPITAL MARKETS TRANSACTIONS
Corporate & Commercial & Capital Markets & International Offerings

SEBI makes Policy Changes in Relation to...

The Securities Exchange Board of India has, in its meeting held on December 28, 2021, approved certain changes to the Securities and Exchange Board of...
REGULATION OF DIRECT SELLING IN INDIA | KEY PROVISIONS OF THE CONSUMER  PROTECTION (DIRECT SELLING) RULES, 2021
Corporate & Commercial & Government & Regulatory

REGULATION OF DIRECT SELLING IN INDIA |...

The Ministry of Consumer Affairs, Food and Public Distribution, through the Department of Consumer Affairs, has notified the Consumer Protection (Direct Selling) Rules, 2021 on...
ESG REPORTING AND ITS FRAMEWORK IN INDIA
Corporate & Commercial & Private Equity, Venture Capital and Fund Investment

ESG Reporting and its framework in India

The article discusses and analyses ESG reporting in general and focuses on the reporting framework in India. It also highlights some key issues that would...
RELATED PARTY TRANSACTIONS: INTERPLAY BETWEEN THE COMPANIES ACT AND THE SEBI LISTING REGULATIONS
Corporate & Commercial & Government & Regulatory

Related Party Transactions: Interplay between the Companies...

The Indian regulatory regime has been constantly adapting itself to address the corporate governance issues that have arisen from misuse of related party transactions by...
LEGAL LANDSCAPE GOVERNING MANUFACTURING OF ELECTRIC VEHICLES AND BATTERIES
Private Equity, Venture Capital and Fund InvestmentMergers & Acquisitions & Corporate & Commercial

LEGAL LANDSCAPE GOVERNING MANUFACTURING OF ELECTRIC VEHICLES...

The objective of this article is to highlight the legal backdrop governing manufacturing of Electric Vehicles (“EVs”) and its batteries and the process for approvals...
INVESTMENT PROSPECTS IN JAPANESE INDUSTRIAL TOWNSHIPS IN INDIA
Corporate & Commercial & Government & Regulatory

INVESTMENT PROSPECTS IN JAPANESE INDUSTRIAL TOWNSHIPS IN...

The article aims to highlight the steady expansion of the economic relations between India and Japan that has led to the development of Japanese Industrial...
ELECTRIFYING INDIAN MOBILITY REPORT JULY 2022
Corporate & Commercial

Electrifying Indian Mobility Report July 2022

In a world ripe with innovation but rife with the stress of finding tenable and lasting solutions, it appears that the time is right for...
RBI REVAMPS RULES ON OVERSEAS INVESTMENT: THE NEW REGIME
Corporate & Commercial & Government & Regulatory

RBI REVAMPS RULES ON OVERSEAS INVESTMENT: THE...

On August 22, 2022, the Government of India through the Ministry of Finance and in consultation with the Reserve Bank of India (“RBI”) notified the...