Background
Ever since the notification of the Companies (Amendment) Act, 2017 (“2017 Amendment”), the identification and declaration of Significant Beneficial Owners (“SBO”) has been a vexed issue for India Inc.
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Parties to be Given an Advance Notice of Hearing – The Bombay High Court Sets Aside an Ex-Parte Order Passed by the Arbitral Tribunal
INTRODUCTION
Recently, in the case of Godrej Properties Ltd. v. Goldbricks Infrastructure Pvt. Ltd.[i], the Hon’ble Bombay High Court has held that an arbitral tribunal cannot pass ex-parte orders on the mere filing of an Application under Section
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Part III (A): Aircraft Leasing in IFSC – Let’s kick the tires and light the fires!
The Government of India (“GOI”) has, in the recent years, realised the importance of aircraft leasing activities in the global market and has made its intentions clear to promote aircraft leasing and financing activities in India’s first International Financial Services
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SEBI Notifies Renewed Process for PPM Filing by AIFs
“PPM filings will now be based on due diligence by merchant bankers
I. Introduction
The Securities and Exchange Board of India (“SEBI”) at its board meeting held on August 6, 2021, announced a wide array of changes to the regulatory
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Interpreting Insurance Contracts: Special Considerations – Part II
In part I of this blog, we have discussed some of the principles of interpretation set and relied upon by Courts whilst construing and interpreting insurance contracts, including that of strict construction, essentials of an insurance contract and the requirement
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Interpreting Insurance Contracts: Special Considerations – Part I
Insurance is the act of providing against a possible loss, by entering into a contract with one who is willing to give assurance — that is, to bind himself to make good such loss should it occur. In this contract,
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Explaining the Rudimentary Principles of Proving Contradictions in a Criminal Trial
The craft of cross examination is often tested by the ingenuity of a trial lawyer in impeaching the credibility of a witness by extracting contradictions such that his previous testimony becomes unworthy of belief. The art of cross examination has
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National Monetisation Pipeline – Fueling Economic Growth
INTRODUCTION
Monetisation of assets has been identified as one of the pillars for enhanced and sustainable infrastructure financing. The Finance Minister of India (“FM”) had, in December 2019, announced a National Infrastructure Pipeline (“NIP”) that envisages an investment of INR
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Opportunities for Foreign Universities in India: A Regulatory Overview
INTRODUCTION
Education is one of India’s most rapidly-growing sector, which is expected to be worth approximately USD 225 billion[1] by 2025. Enrolment in higher education institutions that stands at approximately 37.4 million[2] today, is estimated to grow by
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MCA’s Notification on Section 67 of the Companies Act, 2013 – Is it an Exemption or an Inclusion under the Henry VIII Clause?
Introduction
One aspect which English Company Law has always grappled with is the manner in which the capital of a company should be protected for the benefit of its creditors. Way back in 1887, in its celebrated decision in Trevor
Continue Reading MCA’s Notification on Section 67 of the Companies Act, 2013 – Is it an Exemption or an Inclusion under the Henry VIII Clause?