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.

19th Feb, 2019

Bombay High Court on whether lifting of corporate veil to be allowed basis common directorship and shareholders

  • Corporate and M&A,
  • Disputes

In the captioned matter Justice A.K. Menon of the Special Court at the Hon’ble Bombay High Court formed under the Special Court (Trial of Offences ...

14th Feb, 2019

Delhi High Court Whether the exclusion of a subsidiary company, joint venture or associate of other company, for purpose of eligibility for registration as valuer is reasonable

  • Corporate and M&A,
  • Disputes

The Hon’ble High Court at Delhi in Cushman and Wakefield India Private Limited v. Union of India and Anr. (Writ Petition No. 9883 of 2018) has uphe...

12th Feb, 2019

Gazette Notification of the Companies (Significant Beneficial Ownership) Amendment Rules, 2019

  • Corporate and M&A

The Ministry of Corporate Affairs, on February 8, 2019, issued a notification in respect of the Companies (Significant Beneficial Owners) Amendment...

08th Feb, 2019

SC on essential ingredient of Section 38 of Specific Relief ActSC on essential ingredient of Section 38 of Specific Relief Act

  • Corporate and M&A,
  • Disputes

On 06 February 2019, the Supreme Court (R. Banumathi, R. Subhash Reddy, JJ.) passed a judgment in Balakrishna Dattatraya Galande v. Balakrishna Ram...

30th Jan, 2019

Supreme Court on whether a secured creditor has an right to file a winding up petition after obtaining a recovery certificate from the DRT

  • Corporate and M&A,
  • Finance,
  • Disputes

The Hon’ble Supreme Court in Swaraj Infrastructure Pvt. Ltd. v. Kotak Mahindra Bank Ltd. (Civil Appeal No. 1291 of 2019) has held that the a sec...

29th Jan, 2019

PIT Amendment Regulations, 2019_Provisions related to disclosure under Insider Trading Regulations now applicable to promoter group

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

23rd Jan, 2019

SEBI Informal Guidance on PIT

  • Corporate and M&A

The Securities and Exchange Board of India (“SEBI”) has issued an informal guidance dated October 9, 2018 (published on January 21, 2019) in the ma...

23rd Jan, 2019

Informal Guidance pertaining to AIF

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

The Securities and Exchange Board of India (“SEBI”) has issued an informal guidance dated October 17, 2018 to JM Financial Limited (“JMFL”), under ...

23rd Jan, 2019

Informal guidance pertaining to Category III AIF

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

The Securities and Exchange Board of India (“SEBI”) has issued an informal guidance dated January 10, 2019 to KellyGamma Advisors LLP (“Kelly LLP”)...

22nd Jan, 2019

ECB Policy- New Framework

  • Corporate and M&A,
  • Finance

21st Jan, 2019

NCLAT on admission of Section 7 application against guarantor when the loan agreements executed by principal borrower have suspended by court

  • Corporate and M&A,
  • Disputes

On January 16, 2019, the National Company Law Appellate Tribunal (“NCLAT”) in the matter of Export Import Bank of India v. CHL Limited, (Company Ap...

27th Dec, 2018

FDI in E-commerce | Press Note 2 (2018)

  • Corporate and M&A,
  • Finance



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