Newsletter | January 2020
This newsletter aims to briefly discuss the key developments during the period of November 01, 2019 – January 15, 2020.
Decriminalization of offences under Companies Act, 2013
As provided in our September edition Newsletter, a Company Law Committee (“Committee”) was constituted by the Ministry of Corporate Affairs... More...
Relaxation of thresholds of materiality for related party transactions under the Companies Act
The MCA had, vide notification dated November 18, 2019, introduced the Companies (Meetings of Board and its Powers) Second Amendment Rules... More...
Notification of the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020
The MCA, vide notification dated January 3, 2020, has amended the Companies (Appointment and Remuneration of Managerial Personnel) Rules... More...
Notification of the Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2020
Reserve Bank of India amends FEMA Regulations in respect of Special Non-Resident Rupee Account provisions
Any person resident outside India, having a business interest in India, can open a Special Non-Resident Rupee Account (“SNRR Account”)... More...
Amendment to Indian Stamp Act, 1899
The amendments to the Indian Stamp Act, 1899 (“Indian Stamp Act”) were initially introduced by the Indian Government in 2019... More...
Ministry of Finance notifies Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2019
The Ministry of Finance vide notification dated 5th December 2019, notified the Foreign Exchange Management (Non-debt Instruments)... More...
Lenders now permitted to initiate insolvency proceedings against personal guarantors under IBC
The MCA vide notification dated November 15, 2019 notified the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency... More...
SEBI stipulates utilization of ASBA facility for all investors applying to rights issue
The Securities Exchange Board of India (“SEBI”), issued a notification on December 26, 2019 (“Notification”) amending the SEBI... More...
SEBI ‘Promotes’ the idea of ‘controlling shareholders’
Mr. Ajay Tyagi, Chairman, SEBI on November 20, 2019, stated that SEBI is looking into the issue of regulation of promoter and promoter group... More...
Non-Banking Finance Companies to now come under the Insolvency and Bankruptcy Code
The MCA had notified the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application... More...
Authors
Nusrat Hassan - Co-Managing Partner (nusrat@linklegal.in)
Yosham Vardhan - Associate Partner (yosham.vardhan@linklegal.in)
Ankit Agarwal - Senior Associate (ankit.agarwal@linklegal.in)
Alexander Kynjing - Senior Associate (alexander.kynjing@linklegal.in)
Neil Lopez - Associate (neil.lopez@linklegal.in)
Rahil Thakkar - Associate (rahil.thakkar@linklegal.in)
Deepali Menghwani - Associate (deepali.menghwani@linklegal.in)
Pooja Raghuwansi - Associate (pooja.raghuwansi@linklegal.in)
FIRM NEWS
Expert views of our Managing Partner, Mr. Atul Sharma on the Essar Steel verdict, touted as a landmark judgement published in Asian Legal Business More

Our Managing Partner and other Partners have been ranked by The Legal 500 Asia-Pacific 2020 ranking More

The Firm has been ranked by The Legal 500 Asia Pacific 2020 Ranking More

Link Legal sponsors 14th Annual Conference on "Airports in India" on 4-5 February, 2020 at Le Meridien, New Delhi More

Link Legal hosted a delegation from Tsinghua University School of Law for an interactive session on the "Legal Systems and Ease of Doing Business in India" More

We are glad to announce that Link Legal has been nominated as a finalist in the Asian Legal Business India Law Awards 2020. More

Link Legal recognised in Top15 in Asia-Pacific M&A, ranking #11 by deal volume in the Mergermarket League Table of Legal Advisers for Q1-Q4 2019 More
 
Recognised as one of the 'Best Brands' at the Economic Times - Best Brands summit 2019.
Runner Up in the 'Best Law Firm of the Year - Large' category at the IDEX Legal Awards 2019.
Ranked # 14 among top 40 Indian Law Firms by RSG Consulting in 2019.
Recognised in Top 15 in Asia-Pacific M&A, ranking # 11 by deal volume in the Mergermarket League Tables of Legal Advisers, 2019.
Consistently ranked highly by Chambers and Partners Asia Pacific for Aviation, Banking and Finance, Corporate and M&A, Dispute Resolution, Projects, Infrastructure and Energy, Restructuring & Insolvency practices.
Aviation (including Aerospace and Defence), Antitrust & Competition, Banking and Finance, Corporate and M&A, Dispute Resolution, Projects and Energy, TMT, Investment Funds, Restructuring and Insolvency and Labour and Employment practices has been rated highly by the Legal 500 Asia Pacific.
Banking and Finance, Capital Markets: Equity, M&A, Projects, Infrastructure and Energy, Restructuring and Insolvency has been highly rated by IFLR1000.
Recommended highly in the Aviation, Antitrust and Competition, Banking and Finance, Corporate and M&A, Construction, Infrastructure and Projects & Energy, Dispute Resolution, Restructuring and Insolvency, TMT, Investment Funds, Labour & Employment Practices, Shipping and Maritime Practice Areas by various directories including Chambers and Partners, Legal 500, IFLR1000, Benchmark Asia-Pacific and Asia law.
Firm of the Year (Asia Pacific) by Globalaw - a premier international network of over 110 independent law firms across 95 jurisdictions.
Disclaimer

The contents of this newsletter are intended for information purposes only. Parts of this newsletter are based on news reports and have not been independently verified. The newsletter is not in the nature of a legal opinion or advice and should not be treated as such.

Link Legal India Law Services does not warrant the accuracy and completeness of this newsletter, and readers are encouraged to seek professional advice before acting upon any of the information provided therein.
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