Legality of Online Fantasy Sports League Games In India

A. INTRODUCTION: Online fantasy sports league games are no longer something that India witnesses as an alien concept. It is an industry that is booming and has witnessed a surge in the Indian market in the recent past and still growing. This surge in the number of users of fantasy sports is due to the […]

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Enforcement of Arbitration Award and Decrees in India- Domestic and Foreign

A. INTRODUCTION: A domestic award is basically a result from an arbitration held in India, in accordance with provision of Part-1 of the Arbitration and Conciliation Act, 1996 (“Act”). Given the scheme of the Act, Part I would apply only to cases where the place of arbitration is in India. Section 2(2), mandates that part-I […]

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Scheme of Arrangement during Liquidation under Companies Act, 2013

A. INTRODUCTION: Section 390 of the erstwhile Companies Act, 1956 which has now been replaced by Section 230 of the Companies Act, 2013 (“CA, 2013”), lays down that a scheme of arrangement can be proposed by a liquidator of a company, undergoing liquidation by filing an application before the National Company Law Tribunal (“NCLT”), to […]

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Reporting under Foreign Exchange Management Act, 1999

A. INTRODUCTION:  Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorized persons and is based on the declarations and averments made to them by persons while undertaking the transactions. The Reserve Bank, therefore, has prescribed various reports and forms under FEMA to be submitted by/ through Authorized Persons/ Authorized Dealer Category – I […]

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Personal Guarantor Insolvency under IBC

A. INTRODUCTION On 15th November, 2019, a notification was issued by the Ministry of Corporate Affairs which has rendered the insolvency and bankruptcy proceedings against personal guarantors to be governed by the Insolvency and Bankruptcy Code, 2016 (“IBC”) and the regulations in this regard came into force as on 01st December, 2019. For the purpose […]

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Special Courts under Companies Act, 2013

A. INTRODUCTION: The Ministry of Corporate Affairs vide notification dated 18th May, 2016 has notified certain provisions under the Companies Act, 2013 (“CA, 2013”) for the setting up of Special Courts to specifically deal with and dispose of criminal offences under the CA, 2013 which are punishable with imprisonment of a period of 2 years […]

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Compounding of Contravention under Foreign Exchange Management Act, 1999

A. INTRODUCTION: Contravention is a breach of the provisions of the Foreign Exchange Management Act (FEMA), 1999 and rules/ regulations/ notification/ orders/ directions/ circulars issued thereunder. Compounding refers to the process of voluntarily admitting the contravention, pleading guilty and seeking redressal. The provisions of section 15 of FEMA, 1999 permit compounding of contraventions. The Reserve […]

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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://www.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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