This newsletter aims to briefly discuss the key corporate law (Companies Act, 2013, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Foreign Exchange Management Act, 1999) developments during the period of October 01, 2019 – October 31, 2019.
Resignation of statutory auditors from listed entities and their material subsidiaries
The Securities and Exchange Board of India (“SEBI”) vide its circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019 (“Circular”) has expanded upon the...
We are pleased to share that our Managing Partner, Mr. Atul Sharma and Co-Managing Partner, Mr. Nusrat Hassan have been recognised amongst India’s Top 100 Lawyers: The A-List 2019 by India Business Law Journal, Vantage Asia.
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“The New Age of Medical Education in India” authored by Milind Jha, Partner and Ira Swain, Associate published in Legal Era Magazine.
The National Medical Commission (NMC) Act has made several structural departures from the IMC (Indian Medical Council) Act with a view to improve accountability and transparency...
To read full content of the magazine click here.
SUNNY SIDE UP?
As with most of the developed countries in the world, India is in the process of removing its dependency from conventional sources of energy. The Government of India targets to achieve 175 GW of renewable energy (RE) capacity by 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power, and 5 GW from small hydro power.
Initially, India had witnessed record capacity addition in solar and wind capacity along with a steep fall in the tariff for the same. This was possible due to the Government taking positive steps...
CORPORATE LAW DEVELOPMENTS
1. Commencement of certain provisions of the Companies (Amendment) Act, 2019 (“Companies Amendment Act”)
The Ministry of Corporate Affairs (“MCA”) vide its notifications dated August 14, 2019 have brought into force certain sections of the Companies Amendment Act, which have become effective from August 15, 2019. The Companies Amendment Act has brought out several amendments to the Companies Act, 2013 (“Companies Act”) to facilitate ease of doing business in India and remove various ambiguities...