Month: November 2016
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Repeal of SICA
[Posted by Umakanth Varottil] [The following guest post is contributed by Mani Gupta, who is a partner at Sarthak Advocates & Solicitors, New Delhi. Views expressed here are personal and do not reflect the firm’s views.] By way of two notifications dated November 25, 2016 (“Repeal Notification”), the Ministry of Finance has appointed December 1, 2016…
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Essay Competition on Arbitration Law
[Posted by Umakanth Varottil] [The following announcement is posted on behalf of the Nani Palkhivala Arbitration Centre, Chennai] Satya Hegde Essay Competition 2016-2017: Submit by Dec 26 Nani Palkhivala Arbitration Centre, Chennai (NPAC) is pleased to announce an essay competition on arbitration law, inviting essays from current students of Law in any College or University in India. Topic: Arbitrability of Fraud…
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The Hubtown Case: Supreme Court on the FDI Policy
[Posted by Umakanth Varottil] [The following guest post is contributed by Tanavi Mohanty, who is a corporate lawyer practising in Mumbai] The decision of the Bombay High Court in the summary suit of IDBI Trusteeship Services Limited (ITSL) v. Hubtown Limited (Hubtown), better known as the Hubtown case has received a lot of attention for…
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Foreign Portfolio Investments in Unlisted Non-Convertible Debentures
[Posted by Umakanth Varottil] [The following post is contributed by Amitabh Robin Singh, who is a corporate lawyer practising in Mumbai.] Last month, the Reserve Bank of India (“RBI“) allowed Foreign Portfolio Investors (“FPIs“) to invest in unlisted non-convertible debentures (“NCDs“). This has been done by way of an amendment to the Foreign Exchange Management (Transfer…
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Regulation of invoice discounting start-ups: Is RBI proposing a disproportionate regulation?
[Posted by Umakanth Varottil] [The following guest post is contributed by Srinivas Medisetty, who is presently working as a legal counsel in Ola (ANI Technologies Private Limited) advising on the regulatory and litigation aspects of the company. Views expressed are personal.] The Securities and Exchange Board of India (“SEBI”) as the capital market regulator rightly…
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Demonetization and the Income Tax Act
[Posted by Umakanth Varottil] [The following guest post is contributed by Kailash Nath P S S, who is a lawyer and a chartered accountant, and is currently associated with Wadia Ghandy & Co., Mumbai. Views expressed here are personal and do not reflect the firm’s views.] Introduction The recent move of the Central Government exercising…
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Tata Group Companies: “Long-Term Interests” the Key Touchstone
[Posted by Umakanth Varottil] The episode surrounding the Tata Group has taken further twists and turns. After several Tata Group companies expressed their support in favour of Mr. Mistry, who continues to be chairman of several of those companies, one company – Tata Global Beverages – adopted a different stance. In a board meeting held…
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Further Analysis on Compensation Agreements
[Posted by Umakanth Varottil] [The following guest post is contributed by Rohit Sharma, who is a Research Associate at Vinod Kothari & Co. Two earlier posts on this topic are available here and here.] Introduction The Securities and Exchange Board of India (SEBI) drew attention to the issue of compensation arrangements that take place between…
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10th Annual NLSIR Symposium on Regulating E-Commerce in India
[Posted by Umakanth Varottil] [The following announcement is posted on behalf of the National Law School of India Review] The National Law School of India Review (NLSIR), the flagship journal of the National Law School of India University (NLSIU), Bangalore is pleased to announce the 10th Annual NLSIR Symposium on Regulating E-Commerce in India scheduled to be…