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The Insurance Regulatory and Development Authority (“IRDA”) has vide its circular dated 8th January 2007 reviewed the guidelines on Indian Insurance Companies opening liaison offices overseas and has defined a Representative/ Liaison Office as “a place of business to act as a channel of communication between the principal place of business or Head Office by whatever name called and entities in India but which does not undertake any commercial / trading /industrial activity, directly or indirectl

The High Court held that the issuance of a No Objection Certificate ("NOC") and the related communications have established a concluded contract

The Variable Capital Company (‘VCC') model was first conceptualised in Singapore through the Variable Capital Companies Act, 2018. VCC model is a unique corporate structure tailored to support...

Join Agama Law Associates for their webinar covering Indian insolvency and bankruptcy.

CCI, by its order dated February 10, 2016, has approved acquisition of 49.86% stake in SGL by Gujarat State Petroleum Corporation Limited; Gujarat State Petronet Limited; and Bharat Petroleum Corporation Limited.

The CCI also noted that while there were no existing vertical relationships, there were potential vertical links between the operations and products of parties

The CCI unconditionally approved Ancat’s acquisition of 29.06% shareholding in PUMA under Section 31(1) of the Competition Act, 2002 (‘Act’). The proposed combination would lead to Ancat increasing its shareholding in PUMA from 2.9% to around 32% (although post the completion of the proposed combination, Ancat’s shareholding in PUMA will be reduced to less than 30%).

Honda manufactures passenger vehicles in India through Honda Cars India Limited, two-wheelers through Honda Motorcycle and Scooter India Pvt. Ltd., and power products through Honda India Power Products Ltd. Astemo supplies automotive and power product components and has been jointly controlled by Honda, Hitachi, and JICC-01 Investment Business Limited Partnership since October 2023

Temasek Holdings' subsidiary Jongsong Investments acquired a 14.56% stake in Indian medical device manufacturer Romsons Group through a combination of preference share subscription and purchase from the Khanna family. The Competition Commission of India examined horizontal overlaps in medical devices and personal care products, along with twelve vertical and three complementary relationships involving Temasek portfolio companies, ultimately approving the transaction despite multiple market linkages.

The merger regulations under the Competition Act 2002 will finally come into effect from June 1, 2011.

India's economic activity has come at a halt since last few months due to unprecedented occurrence of Covid-19 pandemic.

Considering the impact of the second wave of COVID-19 in the country, many companies were unable to finalize their financials as per the usual schedule.

SEBI has amended the SEBI (Prohibition of Insider Trading) Regulations, 2015 (‘PIT Regulations') with effect from July 25, 2019. The key changes are as follows:

The assessee was engaged in the business of manufacturing goods and providing services.

A Disclosure Letter (DL) is a key risk allocation tool in any M&A/PE/VC transaction. In the discussions below, we cover a few elemental aspects of a DL, both from a Sellers' and Buyers' perspective.

To qualify as demerger one of the conditions is that the resulting company, as consideration for demerger, issues its shares to the shareholder of the demerged company in proportionate basis.

In the modern world, changes take place every moment and business houses face difficulties of various sorts.

On July 26, 2019, CCI approved the acquisition of shares of Mumbai International Airport Limited (‘MIAL') by GVK Airport Holdings Limited (‘GVK') increasing GVK's stake in MIAL from 50.5% to 60.5%.