Sorry, you need to enable JavaScript to visit this website.

Ergo Update

Additional and Reciprocal Tariffs imposed by the US and the impact on India

Submitted by yvonne on Mon, 04/07/2025 - 14:40

On 02 April 2025, the President of the United States issued Executive Order 14257 to impose universal ad valorem tariff @10% on all goods imported into the US, from all its trading partners to rebalance global trade flow. This universal 10% tariff has taken effect from 05 April 2025.

Maharashtra passes bill for regulation of private job placement agencies

Submitted by yvonne on Wed, 04/02/2025 - 17:02

In an important move, the Government of Maharashtra introduced the Maharashtra Private Placement Agencies (Regulation) Bill, 2025 (Bill) on 24 March 2025 (which has been passed in both houses of the legislature), for the regulation of private placement agencies (Placement Agencies) to safeguard the interests of job seekers by preventing fraudulent practices and increasing transparency.

SEBI - ICDR Regulations Amendment of March 2025: Key changes from Rights Issue perspective

Submitted by yvonne on Fri, 03/28/2025 - 16:47

On March 3, 2025, the Securities and Exchange Board of India (SEBI) has introduced several changes to the existing rights issue framework, process and disclosure requirements through significant amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations).

Enhanced focus on disclosure of tax losses in the Information Memorandum (IM)

Submitted by yvonne on Tue, 03/25/2025 - 18:39

The Insolvency and Bankruptcy Code, 2016 (IBC) was introduced to facilitate and streamline the process for revival of business and maximizing asset value by providing a framework for either the resolution of financial stress of the corporate debtor, on a going concern basis or the liquidation of the corporate debtor. From a bidder's perspective, there are certain aspects which are relevant to be considered while bidding / planning a bid for a corporate debtor.

SEBI ICDR Regulations Amendment of March 2025 – Key changes from an IPO perspective

Submitted by yvonne on Tue, 03/18/2025 - 23:38

The Securities and Exchange Board of India (SEBI) has introduced several changes to the existing framework for initial public offerings as well as rights issues through amendments to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations) which were notified on 3 March 2025 (Amendment).

A welcome step towards standardisation of disclosure of Key Performance Indicators

Submitted by yvonne on Tue, 03/18/2025 - 14:24

While the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 stipulated the requirements for disclosure and certification of Key Performance Indicators (KPIs), there was high disparity in the manner of disclosure of KPIs in the draft offer documents and offer documents (Offer Documents) of issuer companies within the same industry.

RBI eases risk weight on consumer credit and bank loan: relief for NBFCs and Microfinance Institutions

Submitted by yvonne on Tue, 03/18/2025 - 13:50

Amidst the economic slowdown, Reserve Bank of India (RBI), in its recent move to bolster and augment credit flow to the retail segment involving microfinance institutions and non-banking financial companies (NBFCs), has undertaken revision of the risk weights of certain bank loans to microfinance institutions and NBFCs

Supreme Court clarifies the scope and ambit of Interim Moratorium in personal insolvency proceedings

Submitted by yvonne on Tue, 03/18/2025 - 13:22

In its recent judgment in the matter of Saranga Anilkumar Aggarwal v Bhavesh Dhirajlal Sheth and Ors, 2025 SCC OnLine SC 493, the Hon’ble Supreme Court provided crucial clarity on the scope of interim moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016 (IBC) in personal insolvency proceedings.