Removal of a Director Under the Companies Act, 2013

Introduction The directors of a Company are responsible for managing and looking after the day to day affairs of the Company. The shareholders are the owners of the Company and they appoint the directors to act as their representatives. The Companies Act, 2013 has clearly bifurcated the rights and responsibilities of the directors and shareholders.  […]
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General Aspects of Real Estate in India & Key Regulatory Framework

INTRODUCTION: “Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.”  The real estate industry is vast and diverse, with many verticals such as land, design/construction, development, investment, lending, and so […]
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Update on Malabar India Fund Limited

We are happy to inform that Samisti Legal LLP has represented the lead investor, Malabar India Fund Limited, as legal counsel, for conducting due diligence of Genesys International Corporation in their equity funding round. Samisti Legal has been led by Partner Prashant Jain, Principal Associate Anita Dugar, Senior Associate Prajakta Gokhale and Senior Associate Abhishek Gupta. […]
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Update on Way2News

Samisti Legal, led by Partner Prashant Jain and Principal Associate Anita Dugar, has acted as legal counsel for Way2News in their funding round of INR 132 Crore. For more information, please refer the below link – https://www-moneycontrol-com.cdn.ampproject.org/c/s/www.moneycontrol.com/news/business/startup/way2news-raises-16-75-million-led-by-westbridge-capital-8662391.html/amp
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Update on Decimal Point

Samisti Legal, led by Mr. Prashant Jain, Partner and Ms. Anita Dugar, Principal Associate advised Decimal Point Analytics and its promoters in its fund raise from a large global institutional investor. Publications: http://www.uniindia.com/decimal-point-analytics-raises-rs-35-cr-funding/business-economy/news/2743739.html https://www.thehindu.com/business/Industry/decimal-point-analytics-raises-35-crore/article65467387.ece
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Update on Nephrocare Phillippines

We are pleased to inform that Samisti Legal, led by Partner Prashant Jain and Principal AssociateAnita Dugar, has represented Nephrocare Healthcare Services as legal counsel in the acquisition ofAnram Medical Group Inc, an entity registered in Philippines.
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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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Update on Akira Properties

We are pleased to inform that Samisti Legal, led by Partner Prashant Jain, and Principal Associate Anita Dugar, has represented Akira Properties as legal counsel in their debt funding from IndiaInfoline.
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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 the privacy 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 a unanimous verdict affirming that Right to Privacy is a fundamental […]
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