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We are glad to inform that Samisti Legal, Advocates and Legal Advisors has been involved in a fundraise transaction. Fintech platform SuperMoney raised $1m i.e. INR 7 crore from an early-stage investor Unitus Ventures and the start-up has planned to use the money for the purpose of strengthening its team across technology, business development and […]

We are glad to inform that Samisti Legal, Advocates and Legal Advisors, has been involved in a fundraise transaction for HealthPlix. HealthPlix is a Bengaluru- based Healthtech start-up and has raised $3m from IDAG Ventures and Kaalari Capital for the purpose of strengthening its technology and the expansion of its team and services in various […]

To mitigate the liquidity crisis during the current severe situation with regard to the tremendous spread of Covid-19, the Government of India has introduced ‘Atmanirbhar Bharat Package’ under which the contribution under Employees Provident Fund & Miscellaneous Provisions Act, 1952 (“EPF Act”) has been reduced to 10% from the existing rate of 12% for all […]

Presentation-on-Estate-Planning.pptx

A. LOCK-DOWN 4.0 BY GOVERNMENT OF INDIA: For the best interest of the public in general and as a part of safety measures from the adverse effects of Covid-19, the Government of India, through its notification dated May 17, 2020[1] (“Notification”) has extended the period of lock-down till May 31, 2020[2], however, through the same […]

A. INTRODUCTION: An employment agreement is a legally binding contract which lays down the terms and conditions of employment and establishes an employer-employee relationship. An employment agreement clearly details the roles, responsibilities and obligations of the employer and the employee along with various other terms and conditions. The labour laws do not explicitly mandate the […]

A. INTRODUCTION: Since the 1990s and with the setting up of many multinational companies in India, Foreign Direct Investment (“FDI”) has gained utmost importance with respect to capital inflow into the country. FDI is an investment made by a foreign entity which has business interests in another country. Usually, FDI takes place when an investor […]

A. INTRODUCTION: Direct Investment outside India means investment by way of contribution to the capital or subscription to the Memorandum of Association of a foreign entity or by way of purchase of existing shares of a foreign entity either by market purchase or private placement or through stock exchange, by setting up a Joint Venture (JV) […]

REGULATORY OVERVIEW FOR EXTERNAL COMMERCIAL BORROWINGS A. INTRODUCTION: External Commercial Borrowings (ECB’s) are commercial loans raised by eligible resident entities from recognized non-resident entities and should conform to parameters such as minimum maturity, permitted and non-permitted end-uses, maximum all-in-cost ceiling, etc. The parameters given below apply in totality and not on a standalone basis. ECB […]

FRAMEWORK AND ESSENTIALS OF CONTRACT.ppt