The Division Bench of the High Court of Delhi in its recent judgement has held that an arbitral tribunal cannot grant damages under a contract if such damages are specifically barred from being claimed under the contract. The facts in brief are that Plus91 Security Solutions (‘Plus91’) and NEC Corporation India Private Limited (‘NEC’) entered …
Background With the aim of laying down a set procedure towards investigating complaints and taking suo-moto actions into non-compliance with the terms of the Telecommunication Act, 2023 (“Act”), the Ministry of Communication, through the Department of Telecommunication has issued the Draft Telecommunications (Adjudication and Appeal) Rules, 2024 dated: July 18, 2024 (“Draft Rules”). The Draft …
Background The Securities and Exchange and Board of India (“SEBI”) observed in 2023 that certain foreign portfolio investors (“FPIs”) held a concentrated portion of their equity portfolio in a single investee company or corporate group. Such concentrated investments raised concerns that promoters of such investee companies or corporate groups, or other investors acting in concert, …
Proposal to Amend FPI Regulations for Removing Additional Disclosures Read More »
FDI in India plays a crucial role in economic growth, bringing in not only capital but also technology, expertise and access to international markets. In the context of the Indian real estate sector, FDI plays a crucial role in developing infrastructure and housing projects. This article aims to provide a comprehensive guide on navigating the …
Navigating regulations on FDI in India Real Estate Sector Read More »
In its recent board meeting on June 27, 2024 (“Board Meeting“), the Securities and Exchange Board of India (“SEBI”) approved a number of proposals, including, in particular, approving Category I and Category II Alternate Investment Funds (“AIFs”) to borrow funds for up to 30 days in order to temporarily cover a deficit in investor drawdown …
SEBI Approves Borrowings for AIFS to Cover Deficit in Investor Drawdown Read More »
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