Corp Legex

Network18 Restructuring: The TV18 and E18 Amalgamation 

October 1, 2024

Network18 Restructuring: The TV18 and E18 Amalgamation 

This Article is authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate) and Divam Garg Introduction Lately, the Indian entertainment and media industry has been witnessing a surge in M&A activities as companies are seeking to consolidate their positions in an increasingly virtual presence of society due to technological advancements. A key factor […]

September 19, 2024

IFSCA NEW UNIFIED REGULATORY FRAMEWORK FOR LISTING SECURITIES IN GIFT CITY 

This Article is authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate), Akshita Varshney and Ankit Abhishek Jha   INTRODUCTION  India’s first International Financial Services Centre located at GIFT City (‘GIFT IFSC’) has been very active in developing a robust regulatory framework for raising of finance by […]

September 3, 2024

Withdrawal of a Merger Application: Exploring Reasons, Consequences, and Potential Solutions

This Article has been authored by the Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-founder & Partner), Visakha Raghuram (Associate) and Vikramaditya Das Introduction In the world of corporate restructuring, mergers and acquisitions (M&A) play a crucial role in shaping the business landscape. However, not all merger applications reach their intended conclusion. The […]

August 27, 2024

NCLAT CLARIFIES: NO PRIOR NOC FROM STOCK EXCHANGES REQUIRED FOR REVIVAL OF COMPANIES UNDER LIQUIDATION

This Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-founder & Partner), Visakha Raghuram (Associate) and Ankit Abhishek Jha INTRODUCTION The Hon’ble National Company Law Tribunal (‘NCLAT’) has recently rendered a   judgement in the matter of Nikhil Jain and Ors. v. Anil Goel (Liquidator) and Anr. wherein it has been held that the requirement of obtaining […]

August 22, 2024

Key Amendments to India’s Foreign Investment Regulations: Simplifying Cross-Border Transactions and Enhancing Investor Confidence 

This Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-founder & Partner), Visakha Raghuram (Associate) and Bharat Introduction   The Ministry of Finance in India introduced significant amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (NDI Rules) through the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 released on August 16, 2024. These changes […]

August 20, 2024

BOOSTING INNOVATION: ANGEL TAX AND THE IMPACT OF ITS ABOLITION ON INDIA’S STARTUP ECOSYSTEM

This Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate) and Bharat INTRODUCTION The abolition of the Angel Tax in the 2024 budget for all classes of investors represents a significant reform that will benefit India’s startup ecosystem. Introduced in 2012 under Section 56(2)(viib) […]

August 13, 2024

Judicial Clarification in Fast Track Mergers: Asset Auto India Pvt. Ltd. and Ors. v/s The Union of India and Ors.

The Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner) & Visakha Raghuram (Associate) and Gurpreet Kaur Introduction The Companies Act, 2013 provides the option of ‘fast track mergers’ for a certain class of companies viz. small companies, holding and its wholly owned subsidiary company or start-ups. The process of Fast Track […]

August 6, 2024

NAVIGATING COMPLIANCE: A GUIDE TO THE DIGITAL PERSONAL DATA PROTECTION ACT, 2023

  The Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner) & Visakha Raghuram (Associate) and Gurpreet Kaur INTRODUCTION India’s progress towards robust data privacy and protection reached a significant milestone with the passage of the Digital Personal Data Protection (‘DPDP’) Act on August 11, 2023. The increasing digitization of personal data and the […]

July 31, 2024

SEBI’s New Chapter III-D: Migrated Venture Capital Funds Explained

The Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner) & Visakha Raghuram (Associate) and Akshita Varshney Introduction  SEBI, vide Notification dated July 11, 2024, has amended the SEBI (Alternative Investment Funds) Regulations, 2012, whereby a new Chapter III-D regarding ‘Migrated Venture Capital Funds’ has been introduced.   A ‘Migrated Venture Capital Fund‘ refers to […]

July 31, 2024

Asset Separation in Insolvency: Insights from the BRS Ventures vs. SREI Infrastructure Judgment

The Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner) & Visakha Raghuram (Associate) and Bharat    Introduction In the recent judgment of ‘BRS Ventures Investments Ltd. vs. SREI Infrastructure Finance Limited’ (Civil Appeal 4565 of 2021), the Supreme Court addressed a critical issue regarding the maintainability of a second application […]

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