Category: Uncategorized
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The Need for Cyber Security Due Diligence in M&A Transactions
[The following post is contributed by Prajoy Dutta, a third year B.A.,LL.B (Hons.) student at Institute of Law, Nirma University, Ahmedabad and Srinivas Raman, a fourth year B.A.,LL.B (Business Law Hons.) student at National Law University, Jodhpur] Introduction In the rapidly expanding mergers and acquisitions (“M&A”) environment, companies often overlook the finer aspects of due…
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Call for Submissions: NLUJ Law Review
[The following announcement is posted on behalf of the NLUJ Law Review] About the Review The NLUJ Law Review is the flagship journal of National Law University, Jodhpur, established with the objective of promoting academic research and fostering debate on contemporary legal issues in India. It is a bi-annual, double-blind student reviewed and student-edited journal…
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SEBI’s Stance on Crowdfunding Platforms
On 30 August 2016, the Securities and Exchange Board of India (SEBI) issued a press release titled “SEBI Cautions Investors”. It covers various matters pertaining to the stock markets. One issue pertains to the question of leagues/ schemes/ competitions that may involve distribution of prize monies, which has been the subject matter of an earlier post…
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NBFC Master Directions 2016: An Analysis
[The following guest post is contributed by Surbhi Jaiswal of Vinod Kothari & Co. She can be reached at surbhi@vinodkothari.com.] On 1 September, 2016, the Reserve Bank of India (RBI) issued two new sets of master directions, namely the Master Direction – Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016…
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SARFAESI Amendment: A New Role for Debenture Trustees
[The following post is contributed by Vinod Kothari and Nidhi Bothra of Vinod Kothari & Co. The authors can be reached at vinod@vinodkothari.com and nidhi@vinodkothari.com respectively] Introduction The Enforcement of Security Interest and Recovery of Debt Laws and Miscellaneous Provisions (Amendment) Act, 2016[1] (Amendment Act) has introduced several amendments to the Securitisation and Reconstruction of…
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Guest Post: To be or not to be… Two Indian Parties having a Foreign Seat of Arbitration: Supreme Court’s Verdict on Sasan Power
(The following guest post is contributed by Gunjan Chhabra[1]and RV Prabhat[2]) The much debated issue of whether two Indian parties can opt for a foreign seat of arbitration finally, came up before the Supreme Court in Sasan Power Limited v. North American Coal Corporation[3]. However, the Supreme Court dodged the bullet and chose to decide…
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A Tricky Game: The Legality of Fantasy Trading in India
[In this post, Sumit Agrawal, Partner and Surbhi Purohit, Associate from Suvan Law Advisors write about the increasing trend of stock market virtual games, apps and websites and how regulators may look at it. They can be reached at info@suvanlaw.com.] Background In recent times, the online stock trading apps and games have stirred up some…
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Ushering a New Era for ARCs: Stamp Duty Exemption on Assignments
[The following post is contributed by Vinod Kothari and Nidhi Bothra of Vinod Kothari & Co. The authors may be reached at vinod@vinodkothari.com and nidhi@vinodkothari.com respectively] Introduction Assignment of actionable claims/ receivables is achieved by an instrument, and such an instrument requires stamp duty. The United Kingdom (UK), Hong Kong, Malaysia and India are examples…
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Ruling on Shareholder Rights to Inspect Company Records
[The following guest post is contributed by Dheeraj Kumar Sharma, who is a Manager at Vinod Kothari & Company] Introduction The Mumbai Bench of the Company Law Board (‘CLB’), through its order dated April 16, 2015 in the case of Mr. Anil Kumar Poddar v. Bonanza Industries Limited, dismissed the application of a shareholder who…
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Call for Papers: Indian Journal of International Economic Law
[The following announcement is posted on behalf of the Indian Journal of International Economic Law] The Board of Editors of the Indian Journal of International Economic Law (IJIEL) is pleased to invite original and unpublished manuscripts for publication in Volume 9. About the Journal The IJIEL is a student-edited and peer-reviewed law journal published annually…
