ArticleProposal For Mandatory Insurance To Be Taken On DepositsThe Ministry of Corporate Affairs (MCA) has recently issued draft rules for the acceptance of deposits by companies. IndiaInsuranceTuli & Co
ArticleOverseas Contractual Mergers And The Takeover CodeThe Securities and Exchange Board of India (SEBI) has given a view that contractual mergers effected in foreign jurisdictions which per se do not follow a merger approval process similar to India, despite regulatory oversight...IndiaCorporate/Commercial LawKhaitan & Co.
ArticleRBI Reviewed Guidelines For Issue Of Shares/ Convertible Debentures Under Automatic RouteReserve Bank of India (RBI) vide A.P. (DIR Series) Circular No.31 dated September 17, 2014 has reviewed the Guidelines for issue of shares/ convertible debentures under the automatic route.IndiaCorporate/Commercial LawS&A Law Offices
ArticleRBI To Allow Take-Out of Rupee Loans with ECB for Infrastructure ProjectsOn July 22, 2010, the Reserve Bank of India (RBI) announced that it will put in place a scheme to allow eligible borrowers in the infrastructure sector to refinance Rupee loans from domestic Indian banks with external commercial borrowings (ECB) from foreign lenders via take-out financing arrangements. IndiaCorporate/Commercial LawO'Melveny & Myers LLP
ArticleSEBI Amends The Debenture Trustees RegulationsSEBI by way of notification no. SEBI/LADNRO/GN/2025/269 dated 22.10.2025, has notified the SEBI (Debenture Trustees) (Amendment) Regulations, 2025 ("DT Amendment Regulations"), to amend the SEBI (Debenture Trustees) Regulations, 1993 ("DT Regulations"), which came into force on 24.10.2025.IndiaCorporate/Commercial LawSagus Legal
ArticleSEBI Grants One Time Relaxation For Extension Of Validity Of SEBI ObservationsThe Securities and Exchange Board of India ("SEBI") vide its circular dated 07.04.2026 ("SEBI Observations Circular") has granted a one-time relaxation with respect to the validity of SEBI observation letters issued under the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018 ("ICDR Regulations"). IndiaCorporate/Commercial LawSagus Legal
ArticleSEBI Notifies Changes To Speed Up The Rights Issue ProcessWith a view to streamline the process and reduce the time taken for rights issues undertaken by listed companies, the Securities and Exchange Board of India in its board meeting held on 20 November 2019, ...IndiaCorporate/Commercial LawKhaitan & Co.
ArticleRegulatory Updates: Capital Markets - April 2016The RB, by a circular issued on April 13, 2016, has notified certain key changes in relation to overseas issuance of Indian Rupee denominated bonds (popularly known as ‘Masala bonds'), by eligible Indian entities.IndiaFinance and BankingShardul Amarchand Mangaldas & Co
ArticleSEBI Revises Lock-In Provisions And Follow-On Offer Guidelines For InvITsThe Securities and Exchange Board of India (SEBI) vide its Circular No. SEBI/HO/DDHS/DDHS-PoD-2/P/CIR/2025/44 dated March 28, 2025, has amended the lock in requirements for preferential issues of Infrastructure Investment Trusts (InvITs). IndiaFinance and BankingSNG & PARTNERS
ArticleNew Rules On Payment Of Long Term Capital Gains Tax On Non-STT TransactionsThis note intends to analyse the draft notification issued by the CBDT under the third proviso to the clause (38) of section 10 of the Income Tax Act, 1961 highlight its impact on the primary and secondary market transactions.IndiaTaxShardul Amarchand Mangaldas & Co
ArticleAwkward Regulatory Tango Over COVID-19 ReliefThe COVID-19 pandemic and its dampening effects on economies has compelled governments and regulators to introduce innovative measures, in particular to restore stakeholder confidence...IndiaCoronavirus (COVID-19)Phoenix Legal
ArticleChanges To Alternative Investment Fund RegulationsThe Securities and Exchange Board of India (SEBI) in its 203rd board meeting approved amendments to the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations).IndiaCorporate/Commercial LawAcuity Law
ArticleContinuous Disclosure Requirements By Listed Entities Submitted To Stock Exchanges Within Prescribed TimeframeApart from that, the circular had also obliged the listed companies to submit quarterly compliance report on corporate governance in a prescribed format within 15 days from close of every quarter. IndiaCorporate/Commercial LawS&A Law Offices
ArticleCorrection In Order: A Case For Relooking At Some Sebi RegulationsThe securities markets are ever-evolving and require the regulator to always be on its feet, revising and updating its regulations and practices with the changing environment. IndiaCorporate/Commercial LawFinsec Law Advisors
ArticleDefinition Of ‘Employee' Under SEBI (Share Based Employee Benefits) Regulations: AmendedThe Securities Exchange Board of India (SEBI), on September 18, 2015, issued SEBI (Share Based Employee Benefits) (Amendment) Regulations, 2015, thereby amending the definition of ‘employee'.IndiaCorporate/Commercial LawS&A Law Offices
ArticleEncouraging Participation: PSU Employees May Form Trusts To Buy More SharesThe five per cent quota in primary market divestments allotted to PSU employees has been falling short. IndiaCorporate/Commercial LawLawQuest
ArticleEnhanced Guidelines For Debenture Trustees And Listed Issuer Companies Of Security Creation And Initial Due DiligenceSEBI, by way of its Circular dated August 4, 2022, enhanced the guidelines applicable for Debenture Trustees (‘DT') for due diligence and the manner in which an Issuer company...IndiaCorporate/Commercial LawAZB & Partners
ArticleFair Practice For NBFCsRecently, the Reserve Bank of India (RBI), with a view to implement more transparency in the country’s credit system and for customer protection, prescribed broad guidelines with respect to fair practices, to be formulated and approved by the Board of Directors of all Non- Banking Financial Companies (NBFCs) including residuary, non-banking companies (RNBCs). IndiaCorporate/Commercial LawMulla & Mulla & Craigie Blunt & Caroe
ArticleFramework For Co-Investments Between AIF And InvestorsSEBI issued a Consultation Paper dated May 9, 2025 (‘Consultation Paper') on providing flexibility to AIFs to offer co-investment opportunities to investors within the AIF Regulations through a co-investment...IndiaCorporate/Commercial LawAZB & Partners
ArticleInformation ‘Heard On Street' Is Not UPSI: SATIn their defense, the appellants argued that they were not the originators of such messages but had merely shared messages in a ‘forwarded as received' manner. IndiaCorporate/Commercial LawFinsec Law Advisors