Participation by international lenders and debt funds in the Indian market is tightly regulated by Reserve Bank of India’s (“RBI”) external commercial borrowing (“ECB”) regime. These restrictions have limited secondary debt trading to defined channels and limited the end use of ECB loans.
At first glance, the legal framework governing Indian public M&A transactions may appear to be similar to that in England and Wales. The company law foundation is similar to that in England and Wales.
Over the last 12 months, the market has witnessed myriad developments in relation to the insolvency and Bankruptcy Code 2016 ("IBC"), the deterioration of the financial services sector in India and the compression of credit from traditional banking sources and continued high levels of interest in distressed investments in India by International investors.
The manner of filing a complaint has also been eased to permit the consumers to file a complaint even electronically. The 2019 Act is being hailed by some as an all-inclusive legal regime that will help bolster consumer confidence.
At present, India does not have an exclusive and comprehensive data protection legislation. Certain provisions pertaining to data protection are incorporated in the Information Technology Act, 2000 (IT Act) and the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 (SPDI Rules) framed under the IT Act. Additionally, there are sector specific regulations, e.g. in relation to payment systems, telecom, healthcare etc. that stipulate certain obligations in relation to protection of personal data and information.
It has been an increasing trend over the past few years for co-operative housing societies in Maharashtra to forego appointing a developer and undertaking 'self- redevelopment' of their old and dilapidated buildings. The main cause for choosing to undertake self-redevelopment, despite its obvious challenges, is that societies want to control the redevelopment process of their own property.
It is valuable to examine the many respects in which modern trust deeds can be tailored and adapte
On 28 August 2019, the Employees’ Provident Fund Organization (EPFO) issued a notice (EPF Notice) in relation to inquiries initiated / sought to be initiated by authorities under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act) pursuant to the judgment of the Supreme Court of India (Supreme Court) in Regional Provident Fund Commissioner (II) West Bengal v Vivekananda Vidyamandir and Others [Civil Appeal Number 6221 of 2011] (Vivekananda).
On 28 August 2019, the Employees’ Provident Fund Organization (EPFO) issued a notice (EPF Notice) in relation to inquiries initiated / sought to be initiated by authorities under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act) pursuant to the judgment of the Supreme Court of India (Supreme Court) in Regional Provident Fund Commissioner (II) West Bengal v Vivekananda Vidyamandir and Others [Civil Appeal Number 6221 of 2011] (Vivekananda).
by Anshul Prakash (Partner), Deeksha Malik (Associate) and Kosheel Gupta (Associate)
