In a case wherein, the petitioner preferred this petition to raise an issue concerning the appointment of an arbitrator under section 11(6) of the Arbitration and Conciliation Act 1996 (‘Act 1996’), against respondent employees who resigned prematurely, violating the lock-in period.
22 July 2024
Tax
Over the past decade, various fast-growing Indian companies have chosen to domicile or register abroad through a process known as "flipping."
25 June 2024
Press Releases
On April 10th, 2023 Reserve Bank of India (“RBI”) issued fresh directions to financial institutions (also referred to as “Regulated Entities”/ “REs”), concerning outsourcing of information technology (“IT”) services and IT-enabled services (“ITeS”) to third-party service providers (whether or not belonging to the same group of companies as that of the financial institution), titled the ‘Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023’ (“IT Outsourcing Directions”/ “Directions”).
21 March 2024
Press Releases
1. What is the revised standard for the Identification of Beneficial Owners under the Master Direction (MD) - KYC?
21 March 2024
Fintech
On April 10th, 2023 Reserve Bank of India (“RBI”) issued fresh directions to financial institutions (also referred to as “Regulated Entities”), concerning outsourcing of information technology (“IT”) services and IT-enabled services (“ITeS”) to third-party service providers (whether or not belonging to the same group of companies as that of the financial institution), titled the ‘Reserve Bank of India (Outsourcing of Information Technology Services) Directions, 2023’ (“IT Outsourcing Directions”). RBI had first proposed this in its Statement on Developmental and Regulatory Policies dated February 10th, 2022, a draft was also put for public comments in June 2022. This comes in light of the increasing boom in the use of digital mediums in customer onboarding, KYC and loan disbursement.
05 May 2023
IPO
In our previous article, we discussed how the market watchdog SEBI is scrutinising PE/VC fundraising by start-ups. The market regulator recently held a board meeting specifically eyeing improving the insider trading regulations and including key performance indicators for investors’ benefit. So, in part II of our series, we are going to discuss key takeaways from the SEBI board meeting held on September 30th, 2022 where changes to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) were approved.
11 January 2023
IPO
SEBI scrutinises Start-Ups in India raising funds from the PE/VC funds
11 January 2023
Data Protection
Presenting Part II of answering all your questions on the recent personal data protection bill released by MeitY, India.
11 January 2023
Money Laundering
The Supreme Court of India through its seminal judgement in Vijay Madanlal Choudhary & Ors. v. Union of India & Ors. [SLP(Crim.) No. 4634 of 2014] shaped the contours of the Prevention of Money Laundering Act, 2002 (PMLA) in India. The SC in this case upheld the powers of the Enforcement Directorate (ED) to investigate persons, conduct searches and raids, and even arrest citizens under the stringent provisions of the PMLA to curb the offences of money laundering in India.
11 January 2023