Navigating Convertible Notes for Start-up Funding
Introduction: In the volatile landscape of start-ups, where failure is a common thread, innovative financing instruments become essential. One such tool gaining popularity is the convertible note, offering a unique approach to fundraising without immediate equity sacrifice. This article delves into the nuances of convertible notes, their benefits, legal considerations under the Companies Act, 2013, […]
Analysis of SEBI’s recent regulation framework which aims to incentivize Large Corporates for strengthening its debt market
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’ […]
Digital Lending by Fintech Companies – Recent Updates
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 […]
Critical analysis of The Limited Liability Partnership (Third Amendment Rules) 2023
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 […]
Social Stock Exchange: Listing of an NPO
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 […]
Social Impact Fund and the requirements for setting up a fund under SEBI (AIF) Regulations, 2012.
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 […]
Checklist of compliances under the Odisha BPO Policy, 2021
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 […]
Recovering monies from an Employee by making deductions from pay (INDIA)
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 […]
Corporate Social Responsibility – Regulatory Framework
Introduction While there isn’t one universally agreed-upon definition of corporate social responsibility (CSR), every existing definition acknowledges the influence businesses have on society and the societal expectations placed upon them. Initially rooted in philanthropic endeavors like corporate donations, charity, and relief work, CSR has expanded worldwide to encompass various related concepts. These include the triple […]
How Companies are tracking Moonlighting – An in-depth analysis.
Introduction Moonlighting refers to full or part-time employment in addition to a primary job. It is generally undertaken without informing the primary employer. It is typically done ‘under the moon’, that is, at night or on weekends. The moonlighter contends that they are exercising their freedom of choice. On the other hand, the employer has […]
