Author: Contributor
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Unsettling the Settled: The Nature of Dividend Distribution Tax in India
[Paras Khetan is a 5th year BA.LLB (Hons.) student at the National Law School of India University, Bangalore] Dividend taxation in India has undergone significant changes over the past few decades. For a substantial duration, India followed a unique system for taxing the dividends declared or paid by a domestic company called the ‘Dividend Distribution Tax’
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Unlocking Capital: SEBI’s Proposal to Ease Lock-in Norms for Pre-IPO Investors
[Khushi Patel is a 4th year BBA LLB student at Gujarat National Law University, Gandhinagar] India’s IPO pipeline continues to surge, driven not only by resilient market sentiment but also by the growing prevalence of pre-IPO placements and secondary exits by early-stage investors seeking to crystallize gains ahead of listing. In 2025 alone, nine of the 86 companies
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Uncovering Significant Beneficial Owners Through Publicly Available Information
[Pammy Jaiswal is a Partner and Darshan Rao is an Executive, both at Vinod Kothari and Company] The framework for significant beneficial owner (“SBO”) identification can be traced back to the recommendations of the Financial Action Task Force (“FATF”). Section 90 of the Companies Act, 2013 (“Act”) read with the Companies (Significant Beneficial Owners) Rules, 2018 (“SBO Rules”) translates the
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Demat and Pre-2019 Transfers: Implications of SEBI’s Proposed for Listed Companies
[Gungun Sharma and Vibhor Maloo are 4th year B.A. LL.B. (Hons.) students at Hidayatullah National Law University, Raipur] On October 17, 2025, Securities and Exchange Board of India (“SEBI”) issued a consultation paper proposing amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) to resolve a long-standing issue of transfer of shares executed in physical form before
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Streamlining the Voluntary Delisting of Public Sector Undertakings
[Ayush Agrawal is a 4th year B.A.LL.B. (Hons.) student at National Law Institute University, Bhopal] The regulatory landscape governing listed entities in India constantly evolves to address unique market challenges and governmental priorities of growth and welfare. A recent, significant development in India’s securities law is the introduction of regulation 38B under the Securities and Exchange Board of India
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Supreme Court Clarifies RBI Approval under FEMA Not Needed to Satisfy Arbitral Awards
[Anirudh Gotety is an international disputes and commercial disputes lawyer currently based in New Delhi] This August, the Supreme Court of India (the “SCI”) pronounced its Judgment in GPE (India) Ltd v. Twarit Consultancy Services Pvt Ltd, holding that payment to satisfy arbitral awards which grant damages for the breach of a put option in favour of
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SEBI’s New Framework for Technical Glitches: A Step Toward Balance or More Burden?
[Sharnam Agarwal is a 3rd year B.A. LL.B. (Hons.) student at National Law Institute University, Bhopal] Recently, the Securities and Exchange Board of India (“SEBI”) released a Consultation Paper titled, “Review of Framework to address the ‘technical glitches’ in Stock Brokers’ Electronic Trading Systems.” This paper proposes a comprehensive revision of SEBI’s 2022 framework which was established to address
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150 Days to Resolution or Liquidation? The Problems and Possibilities of a Creditor-Initiated Insolvency Resolution Process
[Saksham Agrawal is a third-year B.A., LL.B. (Hons.) student at National Law School of India University, Bangalore] The Insolvency and Bankruptcy Code 2016 (“the Code”) was enacted to consolidate India’s fragmented insolvency framework and shift the philosophy of insolvency from litigation and recovery to collective resolution and value maximisation. Since its enactment, the Code has been
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Unlocking the Green Channel: The Case Against CCI’s Strictness
[Siddharth Sharma and Aarushi Mittal are 4th year law students at National Law University Odisha, Cuttack] More than six years ago, the Competition Commission of India (“CCI”) introduced the Green Channel route (“GCR”) for approval of combinations under the CCI (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 to enable automatic approval for combinations that did not involve any
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Fast-Track Mergers Reimagined: The 2025 MCA Amendment
[Arjun Chaudhary is a 4th year BBA. LLB. (Hons.) student at Gujarat National Law University] The fast-track merger route under section 233 of the Companies Act, 2013 was originally designed as a narrow mechanism to simplify mergers between small companies and between holding companies and their wholly owned subsidiaries. The objective was to remove such schemes from the
