Updates



Quick updates to help our readers stay up to date on various legal and regulatory developments. It is not intended to be an analysis on the subject, but merely a brief snapshot.

01st Jul, 2020

NCLAT holds that provisions of the Limitation Act, 1963 stand excluded for matters for which special limitation is prescribed under the Competition Act, 2002

  • Corporate Restructuring & Insolvency,
  • Competition,
  • Disputes & ADR

On May 29, 2020, the National Company Law Appellate Tribunal (“NCLAT”) in the case of Maj. Pankaj Rai v. Secretary, Competition Commission of India...

01st Jul, 2020

MCA prescribes new rules in respect of indemnity bond to be furnished by certain Government companies for removal of name from register of companies

  • Corporate and M&A

29th Jun, 2020

SEBI Amends the Takeover Regulations

  • Corporate and M&A

29th Jun, 2020

SEBI issues Informal Guidance stating Regulation 4(2)(e)(v) of InvIT Regulations are not applicable to common investment manager

  • Corporate and M&A,
  • Private Equity & Venture Capital

29th Jun, 2020

SEBI issues informal guidance on alternative investment funds (AIFs) - Investors may selectively participate in each scheme of an angel fund

  • Corporate and M&A,
  • Private Equity & Venture Capital

27th Jun, 2020

MCA notifies Companies (Meetings of Board and its Powers) Second Amendment Rules, 2020 and Companies (Appointment and Qualification of Directors) Third Amendment Rules, 2020

  • Corporate and M&A

27th Jun, 2020

SEBI issues Operational Framework for transactions in defaulted debt securities

  • Corporate and M&A

On June 23, 2020, the Securities and Exchange Board of India (“SEBI”) introduced an operational framework for transactions in defaulted debt securi...

26th Jun, 2020

NCLT Chandigarh: Selective reduction of shares effected by the order of Tribunal under Section 230 of the CA 2013:

  • Corporate and M&A,
  • Disputes & ADR

26th Jun, 2020

SEBI provides relaxations to listed companies with stressed assets in respect of preferential issues and open offer obligations

  • Corporate and M&A

On June 22, 2020 the Securities and Exchange Board of India (“SEBI”) issued the SEBI (Issue of Capital and Disclosure Requirements) (Second Amendme...

25th Jun, 2020

NCLAT relies on Section 13(9) of the SARFAESI Act in realizing security interest of the secured creditors

  • Finance,
  • Corporate Restructuring & Insolvency,
  • Disputes & ADR

The National Company Law Appellate Tribunal (“NCLAT”) on June 18, 2020 in the case of Mr. Srikanth Dwarakanath, Liquidator of Surana Power Limited ...

25th Jun, 2020

Calcutta High Court analyses the effect of amendments introduced by the Commercial Courts Act on the right of a defendant to file additional documents under CPC

  • Disputes & ADR

22nd Jun, 2020

Kerala High Court interprets the word

  • Disputes & ADR



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