ArticleMerger Control In India - Amended Merger RegulationsThe amended regulations are stated to have come into effect from 23 February 2012.IndiaAntitrust/Competition LawJSA Advocates & Solicitors
ArticleAmendment To The Foreign Exchange Management Rules: Issuance Of Bonus Shares To Non-resident Investors By Companies Engaged In Sectors Prohibited From Receiving Foreign Direct InvestmentBonus shares are issued under Section 63 of the Companies Act, 2013 and the Companies (Share Capital and Debentures) Rules, 2014. IndiaCorporate/Commercial LawJSA Advocates & Solicitors
ArticleChoose Your Forum CarefullyThe recent order of the Delhi High Court in the matter of Vikram Bakshi versus McDonald's India Pvt Ltd marks a significant development in the field of arbitration. IndiaCorporate/Commercial LawJSA Advocates & Solicitors
ArticlePyrrhic Victory For Lobby Against Takeover ReformThe new Takeover Regulations are upon us. Last week, the Securities and Exchange Board of India ("SEBI") notified the new regulations based on the draft recommended by the Takeover Regulations Advisory Committee ("TRAC"), but with fundamental deviations from the recommendations.IndiaCorporate/Commercial LawJSA Advocates & Solicitors
ArticleQualified Institutions Placement Of Llodys Metals And Energy LimitedJSA advised Lloyds Metals and Energy Limited ("LMEL"), in relation to its qualified institutions placement ("QIP") of 1,75,00,000 equity shares to qualified...IndiaCorporate/Commercial LawJSA Advocates & Solicitors
ArticleJudicial DiscourseThe Supreme Court of India ("Supreme Court") in Najmunisha vs. State of Gujarat has held that search and seizure powers of officers under Section 41(2) of the Narcotic Drugs and Psychotropic Substances Act, 1985...IndiaCriminal LawJSA Advocates & Solicitors
ArticleKarnataka Shops And Commercial Establishments To Operate 24×7 Throughout The YearFollowing an earlier notification issued in 2021, and as part of efforts to support Karnataka's economic growth and the booming information technology ("IT") and IT enabled services industry...IndiaEmployment and HRJSA Advocates & Solicitors
ArticleWork Culture In 2022: Hybrid Is The New Normal?In the wake of the COVID-19 outbreak, corporates were pushed to quickly switch to a work-from-home model. IndiaEmployment and HRJSA Advocates & Solicitors
ArticleAlternative Investment FundsSEBI, vide circular dated July 9, 2024, has issued a clarification regarding the information to be filed by schemes of Alternative Investment Funds ("AIFs") availing dissolution period/additional liquidation period and conditions for in specie distribution of assets of AIFs.IndiaFinance and BankingJSA Advocates & Solicitors
ArticleDirections For Treatment Of Wilful And Large DefaultersRBI, vide notifications dated July 30, 2024, has issued the RBI (Treatment of Wilful Defaulters and Large Defaulters) Directions, 2024 ("Wilful Defaulter Directions"), and these directions will come into force after 90 (ninety) days from placing it on the website of RBI.IndiaFinance and BankingJSA Advocates & Solicitors
ArticleFrom Ban To Regulation, Propelling India's Evolution To Viksit Bharat 2047To drive economic growth and advance social progress in line with India's vision for Viksit Bharat, it is crucial to examine the alarming rise of the illegal tobacco market in India.IndiaFood, Drugs, Healthcare, Life SciencesJSA Advocates & Solicitors
ArticleHealthcare | July And August 2024 - Interesting ReadsThe Employee State Insurance Corporation ("ESIC") has formulated the Standard Operating Procedure ("SOP") for prescription writing to enhance healthcare quality and patient safety while achieving therapeutic goals...IndiaFood, Drugs, Healthcare, Life SciencesJSA Advocates & Solicitors
ArticleNational Company Law Appellate Tribunal Holds That Non-conversion Of Optionally Convertible Debentures Does Not Extinguish Financial Debtor Bar Insolvency ProceedingsThe National Company Law Appellate Tribunal (“NCLAT”), in Arvind Kumar vs. Beacon Trusteeship Limited and Anr., dismissed an appeal challenging the admission of a petition under Section 72 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) by the National Company Law Tribunal, New Delhi (“NCLT”). IndiaInsolvency/Bankruptcy/Re-StructuringJSA Advocates & Solicitors
ArticleThe Supreme Court Holds That The Time Spent Pursuing A Matter In Good Faith Before The Wrong Forum Will Be Excluded When Computing The Period Of LimitationIn a recent iteration, the Supreme Court of India ("Supreme Court") in the case of Purni Devi and Another v. Babu Ram and Another...IndiaLitigation, Mediation & ArbitrationJSA Advocates & Solicitors
ArticleKeeping Up With The Required RateThe BCCI is headed for radical change along the lines laid down by the Lodha Committee. Ironically, it's the eventual outcome of the Board's chronic resistance to change itself.IndiaMedia, Telecoms, IT, EntertainmentJSA Advocates & Solicitors
ArticleA M.F. Hussain Painting Is Not A SecurityThe move of the securities market regulator to bring art funds within the ambit of the securities law regulatory framework is incorrect. IndiaStrategyJSA Advocates & Solicitors
VideoJSA Mint Video & Podcast Series | Episode 1: The Blueprint Of Viksit Bharat 2047 (Video)JSA in partnership with LiveMint, presents the thought-provoking video and podcast series "Transforming India: The Road to 2047".IndiaStrategyJSA Advocates & Solicitors
ArticleApplicability Of TCS For Remittances Under LRSSection 206C of the Income Tax Act, 1961 provides for the collection of tax at source ("TCS") on foreign remittance through the Liberalised Remittance Scheme ("LRS") and on sale of overseas tour packages. IndiaTaxJSA Advocates & Solicitors
ArticleRoDTEP Scheme – Good Intentions But Greater Clarity RequiredForeign Trade Policy ("FTP") issued by the Ministry of Commerce prescribes various incentives to the exporters to ensure competitiveness of Indian exports in the international markets. IndiaTaxJSA Advocates & Solicitors
ArticleCabinet Approves 8 (Eight) Important National High Speed Road Corridor Projects To Improve Logistics Efficiency, Reduce CongestionThe cabinet committee on economic affairs (chaired by the Prime Minister) on August 2, 2024 approved the development of 8 (eight) important high speed road...IndiaTransportJSA Advocates & Solicitors