In a significant move aimed towards ease of doing business in India, the Ministry of Corporate Affairs has issued two notifications on March 7, 2024 by way of which it has increased: (i) the jurisdictional thresholds under the Competition Act, 2002 (“Act”) (which determine the notifiability of a transaction to the Competition Commission of India …
Revised thresholds for notifying ‘Combinations’ with the CCI Read More »
In a recent judgment delivered on March 15, 2024, in the matter of Susela Padmavathy Amma. vs. M/S Bharti Airtel Ltd.,(2024 INSC 206), the Hon’ble Supreme Court (the “Court”), while quashing a criminal complaint filed against one of the directors of a company in connection with the offence punishable under Section 138 read with Section …
Supreme Court Clarifies Director’s Liability under NI Act Read More »
In the event that violations are committed by companies under the provisions of the Companies Act, 2013 (“Act”), in addition to the concerned company, proceedings can also be initiated against the “officer in default” under various provisions of the Act. The term “officer in default” is defined under the Act to include whole-time directors (“WTD”), …
What laws may restrict or regulate certain mergers and acquisitions in India, if any? This question marks the commencement of an exploration into the mergers and acquisitions laws and regulations within India. The Indian legal landscape governing mergers and acquisitions (M&A) is complex and comprises various legislative acts, regulatory bodies and judicial precedents. These laws …
Mergers and Acquisitions Laws & Regulations in India Read More »
As you embark on your next business venture, why not explore the advantages of doing business in India before investing? India is among the world’s fastest-growing economies, with a strong 6.8% GDP growth[1], sectoral advancements and impactful government measures boosting investment and tech progress. Picture entering a vibrant market of over 1.4 billion people hungry …
Are you considering starting a business in India but feeling overwhelmed by the number of choices regarding its structure? One of the crucial decisions entrepreneurs face is selecting the right business structure. Why does this matter? Because the structure you choose will determine your liability, tax obligations and the level of administrative complexity you’ll need …
Safeguarding Investments: Navigating Restriction on the Transfer of Promoters Shares In the dynamic landscape of investments and corporate governance, the ownership of shares by a company’s promoters holds significant sway over business trajectories. Investors keen on ensuring stability and long-term growth must carefully navigate the intricacies of promoter stability and share transferability concerns. Unrestricted transferability …
Navigating Restriction on the Transfer of Promoters Shares Read More »
Delhi High Court Clarifies The Implication Of ‘exclusive Jurisdiction’ And ‘venue Of Arbitration’ Clauses In A Contract The Delhi High Court (“Delhi HC/Court”) in Reliance Infrastructure Limited v/s Madhyanchal Vidyut Vitran Nigam Limited 1 (the “Judgement”) clarified that a standard exclusive jurisdiction clause in a contract does not stand as a contrary indica which prevents …
Franchising is one of the common business models that allows a company to expand its reach by granting the right to use its products, services and brand names to another party in exchange for a fee. It is a beneficial relationship for both the franchisor and the franchisee wherein the franchisor gets an efficient method …
Introduction In the evolving landscape of Indian entrepreneurship, the phenomenon of Indian startups ‘flipping’ into foreign jurisdictions has emerged as a strategic maneuver, capturing the attention of founders, investors and industry observers. This trend, marked by the relocation of startup headquarters to international destinations such as US and Singapore, brings forth a myriad of implications …
Unraveling The ‘flipping’ Phenomenon Among Indian Startups Read More »
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