Ahlawat & Associates advised Rooter Sports Technologies Private Limited on its ‘Pre-Series B Investment’ round of USD 16 million, led by Lightbox Ventures III.
Ahlawat & Associates (“A&A”) has advised Rooter Sports Technologies Private Limited, on its ‘Pre-Series B Investment’ round wherein the investment was a combination of debt and equity investments and was led by Lightbox Ventures III, followed by investments from existing investors along with witnessing participation from new investors.
SEBI Modifies Underwriting Framework for Public Issues
On February 22, 2023, the Securities and Exchange Board of India (“SEBI”) released a consultation paper on, among other things, amendments to the underwriting framework applicable to public offerings under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”). On March 29, 2023, changes were approved …
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CONSENT & THE DOCTRINE OF “GROUP OF COMPANIES” IN INDIA
Contentious (/kənˈtenʃəs/) “likely to cause people to disagree” as defined in Oxford Learner’s Dictionary is the perfect representation for the concept of “Group of Companies” in arbitration, in various jurisdictions around the world.
Keeping up with the times: India’s proposed digital law
Taking a step towards laying the groundwork for a digitally advanced India, the Ministry of Information and Technology (“MeitY”), on 9th March 2023, released a presentation on the proposed Digital India Act, 2023 (“DIA”).
VIRTUAL DIGITAL ASSETS AS REPORTING ENTITY UNDER PMLA: REGULATION AND WAY FORWARD
Money-laundering poses a serious threat to financial systems of the countries across the globe. In India, the Hawala system has been a method to launder money where funds are transferred between countries without physically moving money.
Tokenizing Real Estate Assets in India From Bricks to Blockchain
The real estate investment in India has traditionally been viewed as a safe and conservative investment that yields long-term returns.
LIBOR Transition in the Indian financial system
In the backdrop of UK’s Financial Conduct Authority (“FCA”) announcing in March 2021, that the London Interbank Offered Rate (“LIBOR”) would either cease to be provided by any administrator or would no longer be considered a representative rate, the Reserve Bank of India (“RBI”) notified banks and financial institutions, asking them to take necessary steps …
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The Finance Bill 2023 introduces new taxation laws for Online Games
During Covid, online gaming as an industry experienced meteoric growth, gaining popularity among the new-age GenZ and millennials. Online games were easily accessible through smartphones, play stations, Nintendo, and Xbox and were nothing short of a best friend in disguise to eradicate the boredom and isolation brought upon by the pandemic.
Major Clauses of a Shareholders’ Agreement Decoded
Unlike regular agreements such as services agreements, lease agreements, employment contracts etc. which the parties normally enter into in their usual course of business, Share Subscription Agreement (SSA), Share Purchase Agreement (SPA) and Shareholder’s Agreement (SHA) are one such category of agreements which are not executed on regular intervals and can be said to be …
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CHANGES TO THE MERGER CONTROL REGIME IN INDIA – COMPETITION LAW UPDATE
Recently the Indian Parliament approved the Competition (Amendment) Bill, 2022 (“Bill”) which introduces significant changes to the Competition Act, 2002 (“Act”).