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Legal Developments - Law Firm Thought Leadership by Dhaval Vussonji & Partners

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The NCS (Second Amendment) Regulations

| January 4, 2024

The Securities Exchange Board of India (“SEBI”) has recently amended the SEBI (Issue and Listing of Non-Convertible Securities) Regulations,

Update: ULC premium to be imposed only on surplus vacant land and not land held within ceiling limits:

Dhaval Vussonji & Partners | January 4, 2024

In our previous article titled “ULC premium to be imposed only on surplus vacant land and not land held within ceiling limits”[1], we examined a judgment passed by the Hon’ble Bombay High Court on 30th March,

DIRECTORS’ LIABILITY IN CHEQUE DISHONOUR CASES

Dhaval Vussonji & Partners | January 4, 2024

In a recent landmark ruling, the Supreme Court of India delivered a crucial interpretation of vicarious liability under Section 141 of the Negotiable Instruments Act, 1881, (“NI Act”) in its judgment in Ashok Shewakramani & Ors. Vs. State Of Andhra Pradesh and Shanmuga Spinners[1] by which multiple criminal appeals were decided.

SRA CIRCULAR ON ADVANCE TRANSIT RENT APPLICABLE TO ONGOING PROJECTS ALSO

Dhaval Vussonji & Partners | January 4, 2024

Introduction In a project being developed under a slum rehabilitation scheme, the eligible slum dwellers are to be paid transit rent, till the date of their new rehab tenement is handed over possession to them by the developer.

Power of Hon’ble National Company Law Appellate Tribunal to recall its Judgement.

Dhaval Vussonji & Partners | January 4, 2024

Introduction: The National Company Law Appellate Tribunal (“NCLAT”) is a quasi-judicial body constituted under Section 410 of Companies Act 2013 to hear appeals against the orders of National Company Law Tribunal(s) (“NCLT”).

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