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 The Telecommunications Act, 2023 (the “2023 Act”), which is yet to be notified, is set to amend and consolidate laws pertaining to the development, expansion and operation of telecommunication services and networks in India. The 2023 Act entails a long...
A seven-judge bench of the Supreme Court has overruled the judgement of a five-judge bench rendered in April this year in N.N.Global Mercantile Pvt. Ltd. v M/s. Indo Unique Flame Ltd. And Ors., in which a 3:2 majority held that arbitration agreements on which...
Download .pdf Last month, the Ministry of Information and Broadcasting (the “MIB”) released the draft Broadcasting Services (Regulation) Bill, 2023 (the “Bill”) proposing a consolidated framework to regulate all modes of broadcast, including digital cable TV,...
Download .pdf In the recent case of Dilip B. Jiwrajka v. Union of India (Writ Petition (Civil) No. 1281 of 2021), the Constitutional Bench of the Supreme Court (the “SC”) upheld the constitutionality of Sections 95 to 100 of the Insolvency and Bankruptcy Code, 2016...
Download .pdf Last month, India’s Ministry of Corporate Affairs (the “MCA”) notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 (the “Amendment Rules”), that amended the Companies (Prospectus and Allotment of Securities) Rules,...
Download .pdf In Unibros v. All India Radio, India’s Supreme Court (the “SC”) set aside an arbitral award that allowed a claim for damages without any proof of the claimant having suffered injury, thereby rendering the award as being in conflict with India’s public...