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.

15th May, 2019

Companies (Incorporation) Fifth Amendment Rules, 2019

  • Corporate and M&A

By a notification dated May 10, 2019, the Ministry of Corporate Affairs has notified the Companies (Incorporation) Fifth Amendment Rules, 2019 (“Am...

15th May, 2019

National Company Law Tribunal (Second Amendment) Rules, 2019

  • Corporate Restructuring & Insolvency

On May 8, 2019, the Ministry of Corporate Affairs notified the National Company Law Tribunal (Second Amendment) Rules, 2019 (“Amendment Rules”) ame...

15th May, 2019

Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2019

  • Corporate and M&A

On May 8, 2019, the Ministry of Corporate Affairs notified the Companies (Removal of Names of Companies from the Register of Companies) Amendment R...

15th May, 2019

IBBI - Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendations) Guidelines, 2019

  • Corporate Restructuring & Insolvency

On May 14, 2019, the Insolvency and Bankruptcy Board of India (“IBBI”) issued the Insolvency Professionals to act as Interim Resolution Professiona...

15th May, 2019

IBBI Circular on temporary surrender and revival of professional membership of an Insolvency Professional

  • Corporate Restructuring & Insolvency

On May 2, 2019, the Insolvency and Bankruptcy Board of India issued a circular on the ‘Temporary Surrender and Revival of Professional Membership o...

10th May, 2019

SEBI Update | Reporting for Artificial Intelligence and Machine Learning applications and systems offered and used by Mutual Funds

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

The Securities and Exchange Board of India (“SEBI”) vide a circular dated May 9, 2019 (“Circular”), has introduced a new reporting process for all ...

08th May, 2019

Delhi HC: Vires of Competition Act

  • Competition,
  • Disputes

The Hon’ble High Court of Delhi, in the matter of Mahindra Electric Mobility Limited and Anr. v. Competition Commission of India and Anr. along wit...

03rd May, 2019

Supreme Court - Minimum Wages Act

  • Labour & Employment,
  • Disputes

On April 29, 2019, Supreme Court in the case of Hindustan Sanitaryware and Industries Ltd. v. State of Haryana decided on certain issues under the...

03rd May, 2019

Trade unions can file IBC petition as operational creditor

  • Corporate Restructuring & Insolvency,
  • Disputes

On April 30, 2019, the Supreme Court of India passed a judgment in the matter of JK Jute Mill Mazdoor Morcha v. Juggilal Kamlapat Jute Mills Compan...

03rd May, 2019

Delhi HC on territorial jurisdiction of court in entertaining Section 34 application in view of exclusive jurisdiction clause

  • Disputes

In the attached judgment the issue which fell for consideration before the Hon’ble Delhi High Court was whether the instant section 34 application ...

30th Apr, 2019

Delhi HC on scope of interference with factual findings by the arbitrator

  • Disputes

In the judgment attached the issue which fell for consideration before the Hon’ble Delhi High Court was whether factual findings of an arbitrator c...

30th Apr, 2019

RBI Update | Ombudsman scheme for NBFCs

  • Finance

The Reserve Bank of India (“RBI”) had vide a notification dated February 23, 2018, introduced the Ombudsman Scheme for Non-Banking Financial Compan...



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