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In the dynamic landscape of financial regulations, the Securities Exchange Board of India (“SEBI”) has recently undertaken a revision in its framework governing the fund-raising endeavors of large corporates through the issuance of debt securities. This pivotal adjustment, outlined in a recent notification, seeks to impose regulatory oversight on listed entities categorized as ‘Large Corporates’ […]

Introduction The term, ‘Fintech’ is an umbrella term to denote technological innovation in the field of financial services, and the term is derived from the combination of both the word “finance” and “technology.” According to Financial Stability Board, “Fintech is technologically enabled financial innovation that could result in new business models, applications, processes, or products […]

Introduction The Ministry of Corporate Affairs has officially announced The Limited Liability Partnership (Third Amendment) Rules, 2023 (“Amendment Rules”)[i], on October 27, 2023, with an aim to bring certain key developments in the existing regulations pertaining to the Limited Liability Partnerships (“LLP”) in India. Key developments introduced by this Amendment Rules are as follows: Rule […]

Introduction The Securities Exchange Board of India (“SEBI”) introduced the concept of a Social Stock Exchange (as defined below) on July 25, 2022, by amending the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (“LODR Regulations”), and SEBI (Alternative Investment Fund) Regulations, 2012 (“AIF […]

Introduction The concept of a social venture fund (“SVF”) was primarily defined and discussed under the Securities Exchange Board of India (Alternative Investment Fund) Regulations, 2012 (“AIF Regulations”). The SVF framework had been established by SEBI (Securities Exchange Board of India) to help bridge the gap between social welfare and opportunities for stakeholders to effectively […]

To promote the growth of BPO (as defined below), the central government introduced the India BPO Promotion Scheme (“Scheme”), as envisaged under the Digital India Programme, which sought to incentivize the establishment of seats with respect to BPO or IT Enabled Services (“ITeS”) across the country. However, as per Clause 3 of the Scheme, the […]

Introduction Relationships exist with a give and take policy. It may be master-servant, principle-agent, employer-employee etc. Only when an employee works for his master, follows his orders and finishes his task as instructed the employer has a duty to give him/her salary or wages for his service. The payment of wages and salaries in India […]

We are happy to share that Samisti Legal LLP has served as legal counsel for Standard Glass Lining Technology towards its fund raise from Asahi Glassplants Inc. Japan. The team was led by Managing Partner Prashant Jain, and supported by Associate Partner Anita Baid, Senior Associate Dippyaman Bhattacharya, and Senior Associate Prajakta Gokhale. For more information, […]

We are happy to share that Samisti Legal has acted as legal counsel for Autocracy Machinery Private Limited in its seed funding round from Venture Catalysts Private Limited. The team was headed by Prashant Jain, Managing Partner along with Prajakta V Gokhale, Senior Associate and Dippyaman Bhattacharya, Senior Associate. For more information, please browse the […]

We are happy to share that Samisti Legal has acted as legal counsel for the acquisition of IVY Hospital by India Resurgence Fund (India RF). The team was headed by Prashant Jain, Managing Partner along with Anita Dugar, Associate Partner, Dippyaman Bhattacharya, Senior Associate and Shubham Tibrewala, Associate. For more information, please browse the following […]