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  • Article

    RBI Announces Measures To Foster Orderly Market Conditions

    The Reserve Bank of India (RBI) in order to foster orderly market conditions to overcome the effects of the on-going COVID-19 pandemic, recently announced the following measures:
    IndiaFinance and Banking
    Clasis Law
    Clasis Law
  • Article

    When Compliance Meets Technology: A Practical Challenge In Filing Form FC-2 On MCA V3

    Recently, while submitting e-form FC-2 (Return of Alteration in Documents Filed for Registration of a Foreign Company) under Section 380(3) of the Companies Act, 2013, read with Rule 3(4) of the Companies (Registration of Foreign Companies) Rules, 2014 with the Ministry of Corporate Affairs ("MCA").
    IndiaCorporate/Commercial Law
    Clasis Law
    Clasis Law
  • Article

    Easing Convening Of Board Meetings Amid Pandemic

    The impact of COVID-19 left everyone around the World in a pandemonium during the year 2020 and it is continuing to affect human lives to a great extent till now.
    IndiaCorporate/Commercial Law
    Clasis Law
    Clasis Law
  • Article

    IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2022

    The Insolvency and Bankruptcy Board of India ("Board") has introduced amendment in the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017...
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Clasis Law
    Clasis Law
  • Article

    Delhi High Court While Dismissing The Petition Under Section 27 Of The A&C Act Held That Its Powers Under Section 27 Are Not Adjudicatory In Nature And The Arbitral Tribunal Must Adjudicate The Relevancy And Materiality Of The Evidence.

    Uniper Global Commodities, Respondent before the High Court was represented by Amit Agrawal, counsel alongwith Shwetabh Sinha and his team: Sidhant Pandita and Vatsala Pandey from Clasis Law.
    IndiaLitigation, Mediation & Arbitration
    Clasis Law
    Clasis Law
  • Article

    Amendment To LLP Act: A New Regime

    The Central Government on February 11, 2022 issued various notifications related to Limited Liability Partnership ("LLP").
    IndiaCorporate/Commercial Law
    Clasis Law
    Clasis Law
  • Article

    Corporate Compliance: Non-compliance With Secretarial Standards May Attract Penalty From Registrar Of Companies

    The Registrar of Companies, Ministry of Corporate Affairs (‘ROC') recently imposed a penalty of INR 25,000/- on Triveni Nidhi Limited (‘Company') and INR 5,000/- each on its 3 directors for non-compliance of Section 118(10) of the Companies Act, 2013 (‘the Act').
    IndiaCorporate/Commercial Law
    Clasis Law
    Clasis Law
  • Article

    MCA21 V3: Objectives And Key Features

    The Ministry of Corporate Affairs ("MCA") has introduced various changes in the MCA21 portal over the years since 2006, in order to improve the compliance by companies and Limited Liability Partnerships...
    IndiaCorporate/Commercial Law
    Clasis Law
    Clasis Law
  • Article

    Indian Government Notifies Pre-Pack Scheme For MSMEs

    Last year, the Indian government had announced to bring a special insolvency resolution scheme for micro, small and medium enterprises (MSMEs).
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Clasis Law
    Clasis Law
  • Article

    Apprenticeship Scheme: Time To Pay Attention By The Employers

    The Apprentices Act, 1961 (The Act), along with the rules framed thereunder, was enacted by the Government of India to regulate and promote the training of apprentices across various industries.
    IndiaEmployment and HR
    Clasis Law
    Clasis Law
  • Article

    Compounding Of Offences Under Drugs And Cosmetics Laws: A Legal Shift In 2025

    The Drugs and Cosmetics Act, 1940 ("Act") is the primary legislation governing the manufacture, sale, distribution and import of drugs and cosmetics in India.
    IndiaFood, Drugs, Healthcare, Life Sciences
    Clasis Law
    Clasis Law
  • Article

    Proceeding With The Dissolution Of The Corporate Debtor While The Special Court's Proceedings Are Still Ongoing Would Risk Encroaching Upon Judicial Authority

    In a significant ruling , the National Company Law Tribunal (NCLT), New Delhi Bench, dismissed an application seeking the dissolution of M/s Shakti Bhog Snacks Limited (SBSL) under Section 54 of the Insolvency and Bankruptcy Code, 2016 (IBC).
    IndiaInsolvency/Bankruptcy/Re-Structuring
    Clasis Law
    Clasis Law
  • Article

    No Pre-Arbitration Negotiation Necessary When Parties Have No Intention To Settle The Dispute

    The single judge of the Delhi High Court in the case of M/s IMZ Corporate Pvt Ltd vs MSD Telematics Pvt Ltd held that if there is no intention to negotiate before referring the disputes to arbitration, ...
    IndiaLitigation, Mediation & Arbitration
    Clasis Law
    Clasis Law
  • Article

    India's Ambitious Push For Self-Reliance In Defence Sector

    India is the second largest importer of arms and armaments. The majority of the country's military requirements are met through procurement from the foreign defence manufacturers.
    IndiaGovernment, Public Sector
    Clasis Law
    Clasis Law
  • Article

    COVID-19 Death: What Is The Employer's Liability?

    The second wave of COVID-19 in India left the country in dismay due to the grim statistics of deaths. India Inc. was seen divided and confused, assessing its responsibility and liability in case of untimely deaths of its employees due to the novel virus.
    IndiaCoronavirus (COVID-19)
    Clasis Law
    Clasis Law
  • Article

    Deferred Consideration And Share Swap Arrangements In Downstream Investments: Resolving Ambiguities

    ‘Indirect foreign investment' or ‘downstream investment' commonly refers to investments received by an Indian entity from another Indian entity ("FOCC") which has received foreign investment and which is not owned and not controlled by resident Indian citizens or is owned or controlled by persons resident outside India.
    IndiaGovernment, Public Sector
    Clasis Law
    Clasis Law
  • Article

    Delhi High Court's Clarifies On Maintainability Of Writ Petitions Under Article 227 Of Constitution Of India And Non-applicability Of Section 42 Of The Arbitration And Conciliation Act, 1996 To Petitions For Appointment Of Arbitrators

    In a significant ruling dated 22.10.2024, the Hon'ble High Court of Delhi in MS CP Rama Rao v. National Highways Authority of India, W.P.(C) 11484/2023, examined the following two pivotal legal questions...
    IndiaLitigation, Mediation & Arbitration
    Clasis Law
    Clasis Law
  • Article

    Delhi High Court Upholds That A Foreign State Cannot Claim Sovereign Immunity Against Enforcement Of Arbitral Award

    The High Court of Delhi in its judgment in KLA Const. Technologies Pvt. Ltd. v. The Embassy of Islamic Republic of Afghanistan, has upheld that the prior consent of the Central Government under Section 86(3) of the Code of Civil Procedure, 1908 ...
    IndiaLitigation, Mediation & Arbitration
    Clasis Law
    Clasis Law
  • Article

    Maintainability Of A Section 7/Section 9 Ibc Proceedings During The Pendency Of Winding Up Petition

    The Hon'ble Supreme Court of India by its recent judgment passed on 1st March, 2021 in A. Navinchadra Steel Pvt. Ltd Vs. SREI Equipment Finance Limited & Ors...
    IndiaLitigation, Mediation & Arbitration
    Clasis Law
    Clasis Law
  • Article

    Upholding Arbitration Amidst Criminal Allegations And Recovery Act Proceedings

    In a recent judgement concerning The Managing Director, Bihar State Food and Civil Supplies Corporation Ltd. & Anr. v. Sanjay Kumar, the Supreme Court reiterated the scope of judicial scrutiny under Section 11(6A) ...
    IndiaLitigation, Mediation & Arbitration
    Clasis Law
    Clasis Law

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