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 Background The Drugs, Medical Devices and Cosmetics Bill, 2023 (the “Drugs Bill”) seeks to replace the Drugs and Cosmetics Act, 1940 (the “Drugs Act”) as the law governing the manufacture, sale and distribution of drugs, medical devices and cosmetics....
In a recent ruling, the Gujarat High Court dismissed the Indian tax department’s appeal allowing the taxpayer to rely on a beneficial double taxation avoidance agreement provision previously denied due to a mere clerical error in Forms 15CA and 15CB.
Download .pdf The UKSC’s decision On July 26, 2023, the United Kingdom’s Supreme Court (the “UKSC”), in the matter of R (on the application of PACCAR Inc and others) (Appellants) v. Competition Appeal Tribunal and others (Respondents), [2023] UKSC 28, held that...
Download .pdf The Telecom Regulatory Authority of India (the “TRAI”) has recently released recommendations on “Leveraging Artificial Intelligence and Big Data in the Telecommunication Sector” and has suggested that the Indian government must adopt a regulatory...
Download .pdf In the recent ruling of Dr. R.K. Pachauri v. Union of India and Others, the New Delhi Industrial Tribunal (the “Tribunal”) has reiterated the importance of following principles of natural justice and confirmed that the Internal Complaints Committee (the...
Download .pdf Background Last month, India’s Securities and Exchange Board of India (the “SEBI”) amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “LODR”) by way of the SEBI (Listing Obligations and Disclosure Requirements)...