Blog Posts
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Guest Contributor: Gauri Manglik
[Posted by Umakanth Varottil] It is my pleasure to introduce our guest contributor, Ms. Gauri Manglik. Gauri is an associate at Amarchand & Mangaldas & Suresh A. Shroff & Co. where her work includes capital markets, private equity and other corporate advisory work. Gauri graduated in the top 5% of the Masters of Law (LLM)…
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Hostile Takeovers in India: Opportunities and Challenges (Part 2)
[Posted by Umakanth Varottil] After dealing with the history of hostile takeovers in India and possible regulatory obstacles, Shaun’s article moves on to deal with what I find is an interesting analysis of the availability of some of the key takeover defences in the Indian context. I highlight some of his observations (and also intersperse…
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Hostile Takeovers in India: Opportunities and Challenges (Part 1)
[Posted by Umakanth Varottil] Hostile takeovers of companies (otherwise referred to as the market for corporate control) is a rather well-known phenomenon in the corporate sphere. The 1980s (a.k.a. the deal decade) were famous in the US for large hostile transactions that set fire to lawyer ingenuity resulting in the development of various takeover defences.…
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Competition Act: Cementing Law and Policy
[Posted by Umakanth Varottil] Rahul Singh, who will be contributing to this blog, has written in Livemint about the adverse effects of the delay in notification the provisions of the Competition Act. To enunciate this point, he uses the example of the rise in cement prices, which had to be arrested through the threat of…
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Contributor: Rahul Singh
[Posted by Umakanth Varottil] It is my pleasure to introduce our new contributor, Mr. Rahul Singh. Rahul Singh (http://www.rahulsingh.org) is Asst. Professor of Law at the National Law School of India University, Bangalore where he teaches Competition Law & Policy, Securities Regulation, WTO and Jurisprudence. He also lectures as a visiting faculty at numerous other…
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SEBI Reigns in Art Funds
[Posted by Umakanth Varottil] Art funds have become a popular alternative investment avenue in India (see news reports in Moneycontrol India and Rediff Money). In a communication titled Message for Investors, SEBI has announced that art funds are collective schemes and will therefore fall within the purview of SEBI regulations. Here is the relevant extract:…
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The “Par” Has Lost Its Value
[Posted by Umakanth Varottil] Indian company law includes several concepts that have become archaic. Efforts have been made to address this issue and to modernize company law – some the recent ones include a Concept Paper prepared by the Ministry of Company Affairs in 2004 and the JJ Irani Committee Report presented in 2005. However,…
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On Being a Corporate Lawyer
[Posted by Umakanth Varottil] The Harvard Law School Corporate Governance Blog carries a post regarding a lecture by John C. Coates titled “On Being a Corporate Lawyer” that he delivered on being appointed the John F. Cogan, Jr. Professor of Law and Economics. A webcast of the lecture is also available. Coates talks about trends…
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Limited Liability Partnerships: Some Developments
[Posted by Umakanth Varottil] While it is reported that the Limited Liability Partnership Bill is likely to be cleared during the Budget session of Parliament, there have been some interesting developments that will make limited liability partnerships (LLPs) attractive, at least to some types of business. The first relates to multi-disciplinary partnerships (MDPs). The Economic…
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Tax Benefits for REITs Likely
[Posted by Umakanth Varottil] An earlier post on this blog had stated that the success of REITs in India would depend upon the availability of tax benefits to the REIT vehicle in the form of a tax pass-through. The Economic Times reports that SEBI has made out a case to the Government seeking that REITs…