Class Action Suits in India under Companies Act, 2013

A. INTRODUCTION: Class Action Suits, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member of that group. The concept of class action suits originated in the United States in the 18th […]
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Comparative Analysis of ESOP, Sweat Equity and Phantom Stocks

A. INTRODUCTION: With the growing job opportunities and the increase in competition, companies have to ensure that there is a minimization of attenuation and attrition of employees. For the purpose of ensuring the same, the companies offer incentives to their employees in the form of stock options and shares to ensure that the employees are […]
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Doing Business in India

Doing Business in India. Download: https://samistilegal.in/wp-content/uploads/2020/06/Doing-Business-in-India.pdf Authors: Prashant Jain, Co-Founder & Partner; Anita Dugar, Senior Associate. Disclaimer: The content of this article is intended to provide a general guide to the subject matter. For any queries, the authors can be reached at (i) prashant@samistilegal.in (ii) anitadugar@samistilegal.in.
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Compliance Calendar for the Financial Year 2020-2021

Download: https://samistilegal.in/wp-content/uploads/2020/06/Compliance-Calendar-FY-2020-21.pdf The Compliance Calendar sets forth the monthly, quarterly, half-yearly and annual compliances under the Companies Act, 2013, FEMA, SEBI and the general Labour Laws for the financial year 2020-2021. Authors: Prashant Jain, Co-Founder & Partner; Abhishek Gupta, Associate; Nisha Jhawar, Associate; Jaisis Srikrishna Das, Associate; Kriti Sanghi, Associate. Disclaimer: The content of this […]
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Allotment of Securities by Unlisted Companies under Companies Act, 2013

A.  INTRODUCTION: Funding is crucial for corporate, not only to invest and to expand, but also to operate their daily business. When a company needs to raise funds, it may look at various options: debt, equity, venture capital, etc. Equity capital is funds paid into business by investors in exchange of common or preferred stock. […]
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Legal Due Diligence- A Path to a Fair Deal

A. INTRODUCTION: Legal due diligence is the investigation process that is carried out on a target company after the preliminary stage of negotiations are over with regards to a prospective deal. The objective of the legal due diligence is to identify the pros and cons, which tend to help understand the opportunities or threats associated […]
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IBC-Amendment Ordinance, 2020

A. INTRODUCTION: In view of the affected businesses, financial markets and the economy caused due to widespread of Covid-19, uncertainty and stress for businesses have been created for reasons beyond their control, the President of India promulgated an Ordinance dated June 05, 2020, to further amend the Insolvency and Bankruptcy Code, 2016 (“Code”). The Insolvency […]
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Update on Medplus Debt Raise to Buyout Existing PE Investors

We are glad to report that Samisti Legal, Advocates and Legal Advisors has been involved in $115m debt raise by MedPlus from Goldman Sachs and Edelweiss to buyout PE investors. MedPlus Health Services is India’s second largest pharmacy retail chain spread over 12 states in India with over 1400 pharmacy retail outlets and has been […]
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Update on Medlife Acquisition of Eclinic24/7

We are glad to report that Samisti Legal, Advocates and Legal Advisors has been involved in Medlife acquisition of EClinic24/7. Medlife International is a Bengaluru-based online pharmacy platform and through this acquisition, Medlife along with the provision of telephonic consultation, will also be able to provide chat and video based doctor consultation. Mr. Prashant Jain, […]
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Update on Medlife Acquisition of Medlabz

We are glad to report that Samisti Legal, Advocates and Legal Advisors has been involved in Medlife acquisition of Medlabz. Medlabz is a Mumbai-based, digital healthcare platform and is a diagnostics at home services company. Medlife International Private Limited, a Bengaluru-based company has consolidated its diagnostic business with the technology and the logistic strengths of […]
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