Update on Magnifiq Securities

We are pleased to inform that Samisti Legal, led by a team of Principal Associate Anita Dugar, Senior Associate Prajakta V Gokhale and Associate Dippyaman Bhattacharya, has represented the lead investor (Magnific Securities), as legal counsel, in raising USD 1 million funding in HALA. Publications: https://www.freepressjournal.in/business/ride-sharing-platform-hala-secures-1-mn-funding-led-by-magnifiq-securities http://www.uniindia.net/~/hala-raises-usd-1-million-funding-led-by-magnifiq/Busin...
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Update on Family office of Medlife Promoters

We are pleased to inform that Samisti Legal, led by Prashant Jain, Partner has represented one of the investors (i.e., Family office of Medlife Promoters), as legal counsel, in the USD 40 million funding round of Toothsi. Publications: https://economictimes.indiatimes.com/tech/funding/dental-startup-toothsi-raises-40-million-funding-led-by-eight-roads-ventures-and-others/articleshow/91251900.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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DATA PROTECTION BILL, 2021: THE ROAD AHEAD

A. INTRODUCTION India is expanding as a digital economy and requires a powerful data protection law to safeguard theprivacy of the stakeholders of the evolving economy. The Supreme Court in the famous case of Justice K.S. Puttaswamy v Union of India [1] passed aunanimous verdict affirming that Right to Privacy is a fundamental right guaranteed […]
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Update on Siddhant Partners

Samisti Legal, led by Parshant Jain, Partner acted as legal counsel to Siddhant Partners in its primary investment of around 75 crores in Toothsi, a dental tech start-up.
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THE EVOLVING LANDSCAPE AND CHALLENGES TO INSOLVENCY AND BANKRUPTCY CODE, 2016: A ROAD AHEAD FOR RESOLUTION OF DISTRESSED ASSETS AMID COVID 19?

The IBC came in as landmark legislation and is one of the most dynamic laws of the country. The roller coaster journey of the Code since its enactment weighed on market-driven forces to balance the interest of all stakeholders. The Code was enacted with overriding powers under section 238 to nullify the applicability of all […]
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A REFLECTION UPON THE DIGITAL COPYRIGHT LAWS IN INDIA

INTRODUCTION Intellectual property rights (IPR) are those absolute rights which are granted to the authors/creators for the purpose of protection against Copyrights of intellectual property, which is the valuable asset of their intellectual labour. The Copyright legal protection of IPR principally serves double-edged purpose, primarily, it encourages the author/creator community to produce more intellectual property […]
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THE FAIR DEALING EXCEPTIONS UNDER INDIAN COPYRIGHT LAWS: A CRITICAL APPRISAL

INTRODUCTION Copyright is one of the branches or facets of the Intellectual Property Rights which have an exclusive stack of legal rights which includes the rights of reproduction, public communication, adaptation and translation of work to the creators of literary, dramatic, musical and artistic works and producers of the cinematograph films and sound recordings as […]
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Update on AAIC Technologies Private Limited

Samisti Legal led by a team of Prashant Jain, Partner and Anita Dugar, Principal Associate acted as the legal counsel to AAIC Technologies Private Limited (“Applied Roots”) and its Promoters in relation to sale of entire 100% stake by the Promoters of Applied Roots to Interviewbit Technologies Private Limited (Scaler) in a cash plus stock deal. […]
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REGULATORY FRAMEWORK FOR ED-TECH COMPANIES

A. INTRODUCTION TO ED-TECH COMPANIES There has been a shift in educational sector with the fast pacing technological advancements all around the world, and it has had implications on the educational technology (Ed-Tech). Ed-Tech Companies use technological tools like internet to impart not only traditional education but are also providing courses for people to enhance […]
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Anti-Dilution: An Investor’s right or a Company’s requirement?

Introduction to the concept of Anti-Dilution An investor’s decision to invest in a company is, usually, driven by the company’s futurepotential. If it is subsequently found that the company has failed to meet its expectedpotential, a valuation dip occurs. This often leads to a down round which refers to theissuance of shares at a lower […]
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