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A. APPLICABLE SECTION OF COMPANIES ACT:  The procedure as laid down in Section 62 (1) (b) of the Companies Act, 2013 read with Rule 12 of the Companies (Share Capital and Debenture) Rules, 2014 is to be followed.  B. APPROVAL REQUIRED UNDER COMPANIES ACT, 2013 BY PRIVATE COMPANY: Ordinary Resolution in terms of Notification dated […]

A. INTRODUCTION: Mergers and amalgamation is a corporate restructuring mechanism that plays a vital role in the expansion and diversification of the companies and their businesses. A merger in layman terms means a combination of companies. The term merger has not been defined under the Companies Act, 2013 (“CA, 2013”) but in commercial terms, a […]

In the everyday context, the term ‘impossible’ refers to the lack of possibility in an event or to perform a task. In the Indian Contract Act, 1872, this impossibility … A. INTRODUCTION: In the everyday context, the term ‘impossible’ refers to the lack of possibility in an event or to perform a task. In the […]

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A. NON-BANKING FINANCIAL COMPANY: Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 or any other previous law and is engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, and chit […]

We are glad to report that Samisti Legal, Advocates and Legal Advisors based out of Hyderabad has been involved in a deal closing transaction for NephroPlus. Global alternative asset manager Investcorp has closed a funding round in NephroPlus and also provided an exit to one of the company’s existing investors. NephroPlusis a dialysis service provider headquartered […]

TatXpo 2019, an Australia India Trade & Investment Expo is uniquely tailored investment platform for Australian growth companies, innovators and investors to connect with their counterparts in India to collaborate and commercialise high growth, high impact ideas. It is a matter of great privilege for us to announce that Samisti Legal has been selected as a Legal Partner […]

Introduction of NCLT & NCLAT The first Act to govern all the companies in India was enacted in the year 1913. It gave exclusive jurisdiction to the High Courts and district courts to deal with all the Company matters. After independence, the legislators felt the need for a new law to govern the companies as […]

A. INTRODUCTION: Currently, there is no concurrent definition of E-commerce other than the one provided by the FDI Policy[1], which states that: “E-commerce activities refer to the activity of buying and selling by a company through the E-commerce platform”. The definition of E-commerce makes it clear that any buy / sale transactions would be covered. But […]

A. ARTICLE 19: Protection of certain rights regarding freedom of speech etc: 1. All citizens shall have the right a) To freedom of speech and expression; b) To assemble peaceably and without arms; c) To form associations or unions; d) To move freely throughout the territory of India; e) To reside and settle in any […]