This Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-founder & Partner), Visakha Raghuram (Associate) and Ankit Abhishek Jha INTRODUCTION The Hon’ble National Company Law Tribunal (‘NCLAT’) has recently rendered a   judgement in the matter of Nikhil Jain and Ors. v. Anil Goel (Liquidator) and Anr. wherein it has been held that the requirement of obtaining […]

This Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-founder & Partner), Visakha Raghuram (Associate) and Bharat Introduction   The Ministry of Finance in India introduced significant amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (NDI Rules) through the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 released on August 16, 2024. These changes […]

This Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate) and Bharat INTRODUCTION The abolition of the Angel Tax in the 2024 budget for all classes of investors represents a significant reform that will benefit India’s startup ecosystem. Introduced in 2012 under Section 56(2)(viib) […]

The Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner) & Visakha Raghuram (Associate) and Gurpreet Kaur Introduction The Companies Act, 2013 provides the option of ‘fast track mergers’ for a certain class of companies viz. small companies, holding and its wholly owned subsidiary company or start-ups. The process of Fast Track […]

  The Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner) & Visakha Raghuram (Associate) and Gurpreet Kaur INTRODUCTION India’s progress towards robust data privacy and protection reached a significant milestone with the passage of the Digital Personal Data Protection (‘DPDP’) Act on August 11, 2023. The increasing digitization of personal data and the […]