Corporate and Commercial

On December 13, 2024, the Securities and Exchange Board of India (“SEBI”) issued a pivotal circular that redefines the norms around pro-rata and pari-passu rights for investors in Alternative Investment Funds (“AIFs”). This follows SEBI’s earlier regulatory initiatives issued on November 18, 2024, which laid the groundwork for uniformity and investor-centric reforms across India’s alternative …

SEBI Circular on Pro-Rata and Pari-Passu Rights for AIF Investors Read More »

Introduction: E-commerce in India has experienced exponential growth over the past few years, spanning various sectors, including groceries, electronics and general retail.  The rapid digital transformation is driven by enhanced internet connectivity, advancements in logistics infrastructure, and the modernization of payment systems.  As a result, e-commerce platforms have become a central component of the economy, …

E-Commerce and Digital Trade in India: Growth, Challenges, and Regulatory Framework Read More »

Background: Strengthening KYC Compliance With the aim to simplify the KYC process for financial institutions and enhance the effectiveness of customer identification measures, ensuring compliance with anti-money laundering and counter-terrorism financing regulations, RBI has recently made crucial amendments to its Master Directions -Know Your Customer (KYC) Directions, 2016, (“Amended Directions”) effective November 6, 2024. The …

RBI Revises KYC Directions: A Push Towards Enhancing Risk Management Read More »

The Securities and Exchange Board of India (SEBI) has reiterated the critical importance of regulatory compliance and due diligence in corporate governance, particularly following its decisive actions in the Reliance Home Finance Limited (RHFL) case. With significant penalties imposed on prominent business figures like Mr. Anmol Ambani and Mr. Anil Ambani, SEBI underscores that adherence …

SEBI’s Enforcement Actions Highlight the Importance of Compliance and Governance Read More »

What are the legal considerations in M&A transactions?  Navigating the complexities of cross-border mergers and acquisitions involves understanding regulatory requirements and legal frameworks that govern foreign direct investment in India. Ensuring compliance with these regulations is essential for the success of any M&A transaction, as it helps mitigate risks and leverages the full potential of …

Legal Considerations for Mergers and Acquisitions Involving Foreign Entities Read More »

A Share Purchase Agreement (SPA) is a pivotal legal document in the context of mergers and acquisitions, facilitating the transfer of ownership of shares from the seller to the buyer. Share Purchase Agreement serves as the foundational contract outlining the terms of the sale, thereby protecting the interests of both parties involved. Understanding Share Purchase …

How to Negotiate a Share Purchase Agreement: Strategies for Buyers and Sellers Read More »

Trade agreements and bilateral treaties play a crucial role in the global economy, shaping the ways in which countries interact commercially and legally. Understanding these agreements from a legal perspective is essential for businesses looking to expand their operations internationally. Definition and Importance Trade agreements are treaties between two or more countries that outline the …

Leveraging Trade Agreements and Bilateral Treaties for Business Expansion Read More »

What is the framework that governs M&A in the Indian Manufacturing Sector? The manufacturing sector M&A in the Indian landscape is shaped by an array of M&A regulations that ensure transactions are conducted in a manner that is fair, transparent, and beneficial for all parties involved. India’s regulatory framework for mergers and acquisitions is robust …

Framework for M&A in the Indian Manufacturing Sector Read More »

Franchise agreements in India have become a cornerstone of the rapidly expanding franchising sector, allowing both local and international brands to grow their presence with minimized risk. Central to this business model is the franchise agreement, a legally binding contract that outlines the relationship between the franchisor and franchisee. Understanding franchise agreements in India is …

Understanding Franchise Agreements in India Read More »

FMCG (Fast-Moving Consumer Goods) distribution agreements are pivotal in the consumer goods sector, ensuring that products move efficiently from manufacturers to end consumers. These agreements lay down the framework for the legal and operational relationship between manufacturers and distributors, detailing the terms under which products are marketed, sold, and distributed. Given the high volume and …

Essential Clauses Every FMCG Distribution Agreement Must Include Read More »