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SEBI’s Consultation Paper on SME Segment Framework under SEBI (ICDR) and SEBI (LODR) Regulations

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November 21, 2024

SEBI’s Consultation Paper on SME Segment Framework under SEBI (ICDR) and SEBI (LODR) Regulations

The Update has been drafted by Suman Kumar Jha (Founder & Managing Partner), Prince Shankhdhar (Partner), Visakha Raghuram (Associate) and Ankit Abhishek Jha Introduction The Securities Exchange Board of India (‘SEBI’) has issued a consultation paper on November 19, 2024, proposing significant reforms to the SME (‘Small & Medium Enterprises’) IPO framework, introducing transformative measures to […]

November 13, 2024

“No Stamp Duty on Scheme of Amalgamation between Wholly Owned Subsidiaries and Holding Companies in NCT of Delhi: Delhi High Court”

The Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate) and Akshita Varshney Introduction  The Hon’ble High Court of Delhi, in this judgment of major significance, has addressed a key issue involving stamp duty in the context of corporate mergers and amalgamations. The case arose from the issue […]

October 29, 2024

New Framework for Listing of Commercial Papers and Certificates of Deposit on the Recognised Stock Exchange in GIFT IFSC

The Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Prince Shankhdhar (Partner), Visakha Raghuram (Associate) and Akshita Varshney Introduction Earlier this year, the International Financial Services Centres Authority (“IFSCA”) brought out the IFSCA (Listing) Regulations, 2024 (“Listing Regulations”) which came into effect on August 30, 2024, and contained the framework for listing of various kinds […]

October 1, 2024

Network18 Restructuring: The TV18 and E18 Amalgamation 

This Article is authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate) and Divam Garg Introduction Lately, the Indian entertainment and media industry has been witnessing a surge in M&A activities as companies are seeking to consolidate their positions in an increasingly virtual presence of society due to technological advancements. A key factor […]

September 19, 2024

IFSCA NEW UNIFIED REGULATORY FRAMEWORK FOR LISTING SECURITIES IN GIFT CITY 

This Article is authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate), Akshita Varshney and Ankit Abhishek Jha   INTRODUCTION  India’s first International Financial Services Centre located at GIFT City (‘GIFT IFSC’) has been very active in developing a robust regulatory framework for raising of finance by […]

September 3, 2024

Withdrawal of a Merger Application: Exploring Reasons, Consequences, and Potential Solutions

This Article has been authored by the Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-founder & Partner), Visakha Raghuram (Associate) and Vikramaditya Das Introduction In the world of corporate restructuring, mergers and acquisitions (M&A) play a crucial role in shaping the business landscape. However, not all merger applications reach their intended conclusion. The […]

August 27, 2024

NCLAT CLARIFIES: NO PRIOR NOC FROM STOCK EXCHANGES REQUIRED FOR REVIVAL OF COMPANIES UNDER LIQUIDATION

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 […]

August 22, 2024

Key Amendments to India’s Foreign Investment Regulations: Simplifying Cross-Border Transactions and Enhancing Investor Confidence 

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 […]

August 20, 2024

BOOSTING INNOVATION: ANGEL TAX AND THE IMPACT OF ITS ABOLITION ON INDIA’S STARTUP ECOSYSTEM

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) […]

August 13, 2024

Judicial Clarification in Fast Track Mergers: Asset Auto India Pvt. Ltd. and Ors. v/s The Union of India and Ors.

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 […]

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