Valagro S.p.A. (Valagro), a global leader in the production and commercialization of biostimulants and specialty nutrients, engaged Majmudar & Partners to assist with post-acquisition compliances related to its Indian subsidiary. The firm’s support included obtaining approvals under the Biological Diversity Act, 2002, and ensuring compliance with the Companies Act, 2013, especially in respect of related party transactions.
Facilitating the Transaction
Majmudar & Partners provided comprehensive legal and compliance support in the following areas:
- Biological Diversity Act, 2002: Advised Valagro on regulatory filings and approvals required under the Biological Diversity Act, 2002, ensuring adherence to the guidelines for accessing biological resources and knowledge in India.
- Companies Act, 2013: Ensured that all related party transactions were structured in compliance with Sections 188 and 177 of the Companies Act, 2013, including obtaining the necessary approvals from the Indian subsidiary’s board and shareholders.
- Regulatory Approvals for Related Party Transactions: Assisted Valagro in navigating approval processes for related party transactions. This included drafting agreements, reviewing contracts, and ensuring full compliance with reporting requirements.
- Post-Acquisition Integration and Compliance: Supported Valagro in integrating its Indian operations with global business practices, focusing on ensuring regulatory alignment across Indian and international frameworks.
- Stakeholder Coordination: Facilitated communication between Valagro’s Indian subsidiary, regulatory authorities, and internal teams to ensure seamless compliance across all legal and procedural aspects, including managing the Indian subsidiary’s interactions with state biodiversity boards to obtain mandatory clearances.
Majmudar & Partners’ assistance enabled Valagro S.p.A. to streamline its post-acquisition operations in India while ensuring full compliance with Indian laws. This strategic alignment helped the company manage regulatory complexities and strengthen its position in the Indian market.
Majmudar & Partners offers expert legal guidance for post-acquisition compliances and related corporate governance issues. Contact us today to ensure that your business operations in India remain compliant and optimized for success.