Compliance

By way of its order dated May 22, 2024, the Registrar of Companies (“RoC”) has imposed a penalty on Microsoft Chief Satya Nadella and eight other executives for an amount of approximately INR 28 lacs on account of violating requirements related to beneficial interest and significant beneficial ownership under the Companies Act, 2013 (“Act”) in …

RoC fines Mr. Satya Nadella, Linkedin India and others for violating SBO norms Read More »

Can foreign companies operate in India? This question is pivotal for global businesses eyeing the Indian market’s vast potential. Under the Companies Act, 2013, India welcomes foreign corporations to engage in commercial activities within its jurisdiction, provided they comply with established laws for foreign companies in India. Defined expansively, a ‘Foreign Company’ includes any entity …

Laws for Foreign Companies in India Read More »

Introduction Recently in April, 2024, the Reserve Bank of India (“RBI”) released the Draft Guidelines on ‘Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders’ (“Draft Guidelines”). The Draft Guidelines stem from the Statement on Developmental and Regulatory Policies dated December 08, 2023 wherein it was announced that RBI will issue a …

Critical Analysis of the Draft Guidelines on Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders Read More »

What are regulatory guidelines in the pharmaceutical sector in India? Regulatory compliance in the pharma industry is a multifaceted and essential aspect of pharmaceutical operations, encompassing a range of guidelines to ensure safety, efficacy and quality. The Central Drugs Standard Control Organization (CDSCO) sets standards for drugs, cosmetics, diagnostics and medical devices, while the National …

Regulatory Compliance in the Pharmaceutical Industry Read More »

What are the legal regulations of fintech in India? The dynamic landscape of fintech laws in India is governed by a multifaceted regulatory framework aimed at fostering innovation while ensuring consumer protection and financial stability. The primary regulatory bodies overseeing fintech operations include the Reserve Bank of India (RBI), the Securities and Exchange Board of …

Legal and Regulatory Framework for Fintech Business in India Read More »

What is Regulatory Compliance in Healthcare Industry? Regulatory compliance in the healthcare industry in India encompasses adherence to several laws, regulations, guidelines and specifications relevant to healthcare practices. It ensures that healthcare providers operate within the legal framework established by national and state authorities. This includes compliance with the Clinical Establishments Act, Medical Council of …

Regulatory Compliance in Healthcare Industry Read More »

What are the mandatory compliances for a Private Limited Company? Operating a Private Limited Company in India involves a detailed compliance checklist that must be followed to ensure legal and regulatory adherence. This checklist of compliances for Private Limited Companies is not just a formality; it is essential for maintaining the legal standing of the …

Mandatory Compliance Checklist For Private Limited Company in India Read More »

On October 27th 2023, the Ministry of Corporate Affairs (“MCA”) issued the Companies (Prospectus & Allotment of Securities) Second Amendment Rules 2023 (“Amendment Rules”) mandating the dematerialization of all existing securities and issuance of securities in dematerialize form by private companies, other than small companies and government companies, by and from September 30, 2024 (i.e. …

Understanding the Procedure for Conversion of Physical Shares into Demat Shares Read More »

Decoding The Telecommunications Act 2023: Opportunities, Challenges, And Impact The telecommunications industry has undergone significant changes over the years, with the rapid advancement of technology and the evolving needs of consumers. One of the crucial developments in this sector is the Telecommunication Act, 2023 (the “Telecom Act”), which seeks to address the challenges and opportunities …

Decoding The Telecommunications Act 2023 Read More »

Recently, Securities and Exchange Board of India (“SEBI”), in exercise of its powers under Section 11(1) of the Securities and Exchange Board of India Act, 1992, amended the framework for the Social Stock Exchange (“SSE”), via its circular dated: December 28, 2023 (“Circular”), thereby amending the provisions under the Securities and Exchange Board of India …

Amendment to the Legal Framework on Social Stock Exchange Read More »