New Rules for Takeover of Unlisted Companies and consequent Minority Squeezeout
Section 230 of the Companies Act, 2013 (“Companies Act”) sets out the process for a scheme of arrangement between a company and its creditors and shareholders (“Scheme”). Such Schemes have to be approved by the National Company Law Tribunal (“NCLT”).
Inside the investment rush in operational infrastructure projects
Source: BloomberQuint Authored by Hemant Sahai, Founding Partner, HSA Advocates
Voting rights ushering in a new era of capital raising
Source: The Financial Express Authored by Vatsal Gaur, Associate Partner, HSA Advocates
Data protection: Does India want to be the big data state after all?
Source: The Financial Express Authored by Vatsal Gaur, Associate Partner, HSA Advocates
Open for business
Source: India Business Law Journal Authored by Dipti Lavya Swain, Partner, HSA Advocates
The Mineral Laws (Amendments) Ordinance – Key Changes
The mining industry has historically been one of the more heavily regulated industries in India, with a strong legal and regulatory structure governing the same. With a view to leverage this market and to ensure continuity in mining operations, the Mineral Laws (Amendment) Ordinance, 2020 (the “Ordinance”) was promulgated on January 10, 2020.
Private Funds Update – SEBI introduces new requirements for AIFs
On February 5, 2020, the Securities and Exchange Board of India (“SEBI”) issued a circular (“Circular”) introducing significant changes to the existing legal regime concerning alternative investment funds (“AIFs”). AIFs are privately-pooled investment funds which collect funds from investors, whether Indian or foreign, for investing in accordance with a defined investment policy for the benefit …
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What’s there in a Copyright registration? – An Indian Perspective
“Ques: Is it necessary to register a work to claim copyright? Ans: No. Acquisition of copyright is automatic and it does not require any formality. Copyright comes into existence as soon as a work is created and no formality is required to be completed for acquiring copyright. However, certificate of registration of copyright and the …
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Relief for Religare Finvest Ltd in SEBI proceedings
Securities Appellate Tribunal (“SAT”) recently set aside orders passed by Securities and Exchange Board of India SEBI against Religare Finvest Ltd (“RFL”) directing RFL and others to pay an amount of Rs. 403 crores along-with interest to Fortis Healthcare Ltd (“FHL”).