The SEBI has released a consultation paper on the preferential issue guidelines prescribed under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the “ICDR Regulations”), along with the recommendations discussed below.
Rukshad Davar, Partner & Head of Transactions Practice at Majmudar & Partners, has compiled an analysis on these changes.
Download .pdf Brief background Recent trends show an increase in the preference and popularity of arbitration as an alternative mode of dispute resolution. While, indisputably, arbitration has its merits, certain category of disputes may not be arbitrable. ...
Download .pdf In a recent ruling, the Mumbai Income-tax Appellate Tribunal (the “Mumbai Tribunal”), relying on the Tally Solutions case, has held that when the future cash flow or revenue stream projections of a private investment company are uncertain, the shares...
Download .pdf Introduction Last month, the Reserve Bank of India (the “RBI”) introduced master directions (the “Directions”) and guidelines (the “Guidelines”) for the acquisition and ownership of shares and voting rights in banking companies. The main aim of the...
Download .pdf Last month, the Constitutional Bench of the Supreme Court (SC) delivered an important ruling in the matter of Kaushal Kishor v. State of U.P. (Writ Petition (Criminal) No. 113 of 2016). This judgment has delved into the longstanding debate on the...
Download .pdf Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2023, and the Finance Bill, 2023 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and therefore, it...
Download .pdf Recently, the University Grants Commission (the “UGC”) has published the Draft University Grants Commission (Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India) Regulations, 2023 (the “Draft Regulations”) proposing...