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.

02nd Apr, 2019

SC - Continuation of proceedings against a company whose name has been struck off-

  • Corporate and M&A,
  • Disputes & ADR

On March 12, 2019, the Supreme Court of India passed a judgment in the matter of Commissioner of Income Tax, Jaipur v. M/s Gopal Shri Scrips Privat...

15th Mar, 2019

SEBI Circular: Modification of circular dated December 7, 2018 on Disclosure of significant beneficial ownership in the shareholding pattern

  • Corporate and M&A

Pursuant to the amendments made to the Companies (Significant Beneficial Owners) Rules, 2018 (“Rules”) by the Companies (Significant Beneficial Own...

25th Feb, 2019

DPIIT Notification dated 19 February 2019-Revised definition of Startup

  • Corporate and M&A

20th Feb, 2019

Bombay High Court on whether the contract is concluded on deposit of earnest money and if an unregistered corporate society can enter into a contract

  • Corporate and M&A,
  • Disputes & ADR

On September 12, 2018 the Hon’ble Bombay High Court passed a judgement in the matter of Shraddha Commercial Premises Cooperative. Society v. The St...

19th Feb, 2019

Bombay High Court on whether seeking of specific performance of agreement to sell proposed to be used for commercial purpose is 'commercial dispute'

  • Corporate and M&A,
  • Disputes & ADR

On February 8, 2019, the Hon’ble Bombay High Court passed a judgement in the matter of Kanchanganga Realtors Private Limited v. Monarch Infrastruct...

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 & ADR

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 & ADR

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 & ADR

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 & ADR

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...



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