Have you considered the critical importance of comprehending laws related to venture capital investments, startups, entrepreneurs and investors in India, a country that stands as the third-largest startup ecosystem globally, with over 50,000 startups as of 2020?[1] The Indian venture capital landscape is governed by a complex set of laws and regulations, framed and enforced …
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 »
Impact of Section 56(2)(viib) Amendment on Non- Resident Investors When the Finance Act, 2023 amended Section 56(2)(viib) of the Income Tax Act, 1961 to make the angel tax provisions applicable to share application / premium received from non- resident investors as well, concerns were raised by several overseas stakeholders, who often obtain valuation reports at …
Possible Treatment Of Convertible Notes As Financial Debt Under IBC Similar to Compulsorily Convertible Debentures (“CCDs”), Convertible Notes (“CNs”) are hybrid instruments that combine elements of debt and equity. However, unlike CCDs, CNs are defined under the Companies Act, 2013. Rule 2 of the Companies (Acceptance of Deposits) Rules, 2014 (Deposit Rules), defines CNs as …
Treatment of Convertable Notes as Financial Debt Under IBC Read More »
Title to shares cannot be challenged on account of non- payment of consideration where share transfer form is validly executed and the transferee’s name is recorded in the register of members: Delhi High Court Introduction In a judgement passed by the Delhi High Court on December 15, 2023, in the case of Shashwant Nakrani vs. …
Share Transfer Valid Despite Non-Payment: Delhi High Court Read More »
With an evolving regulatory landscape, increased accountability and endless opportunities, more and more businesses are now shifting from traditional ways and looking at investment funds to meet their commercial objectives and rapidly accelerate their growth. At Burgeon Law, with extensive transactional experience, we navigate our clients in all legal aspects of investment funds lifecycle including …
The role of directors in a company is to provide leadership, guidance, and oversight to ensure that the company is being run in a responsible and ethical manner, and that its goals and objectives are being achieved. The directors play a crucial role in ensuring that a company operates in the best interests of its …
Civil liabilities of a director and why every investor needs a D & O insurance policy Read More »
A stint as a “shark” on the business reality television series, “Shark Tank India”, made Mr. Ashneer Grover a household name. His fame skyrocketed given his no-nonsense attitude, quick wit and an unparalleled zeal for all things business. It would not be wrong to say that he was having a dream run, with a loyal …
Claw-back and Reverse Vesting in light of the Ashneer Grover Saga: An Explainer Read More »
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