This newsletter aims to briefly discuss the key developments during the period of November 01, 2019 – January 15, 2020.
1. Decriminalization of offences under Companies Act, 2013
As provided in our September edition Newsletter, a Company Law Committee (“Committee”) was constituted by the Ministry of Corporate Affairs (“MCA”) on September 18, 2019, inter alia, to further decriminalise the provisions of the Companies Act based on their gravity and to take other related measures to provide further Ease of Living for corporates in the country, which provided a report on November 14, 2019, to rationalize the penalties...
Read the expert views of our Managing Partner, Mr. Atul Sharma on the Essar Steel verdict, touted as a landmark judgement published in Asian Legal Busines.
We are proud to share that Atul Sharma (Managing Partner), Nusrat Hassan (Co-Managing Partner) and Anand Srivastava (Partner) has been ranked as "Leading Individuals" by The Legal 500 (Legalease) Asia-Pacific 2020.
Abhishek Sharma (Partner) has been ranked as a "Next Generation Partner".
Also, K Venkat Satyanarayana (Partner), Dinesh Pardasani (Partner), Milanka Chaudhury (Partner), Vinu Peter Immanuel (Associate Partner), Pratyush Khurana (Associate Partner), Yosham Vardhan (Associate Partner) has been featured as "Recommended Lawyers" by The Legal 500.
CAPITAL RAISING FOR INFRASTRUCTURE PROJECTS
Infrastructure sector is the centre piece of India’s growth-story. Despite increase in public expenditure, it is expected (as per various reports) that India will nevertheless fall far short of meeting infrastructure financing requirements, which are estimated to be $1.5 trillion over the next ten years. In line with the Government’s aim for easing liquidity crunch and availability of capital for the infra sector, the year 2019 saw several policy level initiatives and emergence of new and innovative structures and instruments that should potentially see significant improvement in the ability of infrastructure companies...
Check out the latest article on "Is the clock ticking for TikTok in India?" authored by Mr. Santosh Pai, Partner (Head of China Desk) Mr. Abhishek Sharma, Partner published in the November issue of China Business Law Journal.
"In 2018, about 44 out of the top 100 most downloaded internet applications in India were from Chinese developers. The most popular among them was TikTok. Earlier this year, the globally popular social media video application, which allows its users to create and share short videos, got embroiled in a legal battle in India."
We are pleased to share that our Managing Partner and other Partners have been ranked by Chambers and Partners 2020 Ranking in the following practice areas:
“Start-Ups: The Struggle and the Triumph!” authored by Yosham Vardhan, Counsel and Ankit Agarwal, Senior Associate published in Legal Era Magazine.
The Indian start-up ecosystem is gradually entering into a matured phase, with increasing number of sophisticated investors entering the market widening the scope and potential of domestic markets.
The major development for start-ups came on February 19, 2019 vide Notification No. G.S.R. 127(E) (“2019 Notification”), which finally addressed a majority of the demands raised by start-ups.
To read full content of the magazine click here.
Salient Features of Telangana RERA Rules
The Real Estate (Regulation and Development) Act, 2016 (Act) has been enacted by Government of India with effective from May 01, 2016. As per the Act, all States and Union Territories must appoint a Real Estate Regulatory Authority (RERA) to ensure that the purposes of the Act are carried out. The main objects sought to be...