A brief analysis of ‘Related Party Transaction’ pursuant to the provisions of the Companies Act, 2013 and Securities Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulations 2015
Introduction: Related party transactions (RPTs) occur between two or more parties which have a pre-existing relationship, such as a parent company and its subsidiaries, or two companies having common directors or significant shareholders to each other either monetarily or non-monetarily. Transactions that occur with related parties may be with respect to purchase or sale of […]
Convertible Note – An efficient instrument of fundraising for startups and early stage companies
Introduction: During the initial phase of operation, start-ups are prone to high risk of failure and therefore it is of utmost important for these start-ups to heavily focus towards unique innovation, regular development and efficient improvement of their business model. It is customary for most start-ups to face the challenge of incurring heavy expenditures with […]
Trademark: The key to protect the identity of a business
INTRODUCTION Pursuant to section 2(1) (zb) of the Trademarks Act, 1999 (“Trademarks Act”), a ‘trademark’ is defined as “a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others and may include shape of goods, their packaging and combination of colours.” Generally, […]
Debt Resolution Plan: Essentials & Rules
What is a debt resolution plan? A debt resolution plan is [1] a recovery strategy for a corporate debtor (CD) facing bankruptcy. It is a report that focuses on legal, financial, management, and technical strategies to help the CD get back on its feet and is based on the information memoranda given by the Resolution […]
IRDA and their attempt to simplify the field for Private Equity Participants: An Overview
Introduction: Insurance Regulatory Development Authority (“IRDA”, “Authority”) was formed under the Insurance Regulatory and Development Authority Act, 1999 (“IRDA Act, 1999”) as a statutory body that has the “duty to regulate, promote and ensure orderly growth of the insurance business and re-insurance business.”[i] Private Equity funds primarily invest or acquire a stake in those companies […]
Metaverse and it’s impact on society
INTRODUCTION The 21st century has seen a rapid rise in the use of the internet. The developing versions of the wide web made human life easier by facilitating access to free information, rapid interactive communication, exchange of data and global media coverage. The word “metaverse” is a combination of the prefix “meta,” which means “beyond,” […]
Passing Off: General overview and protection under the trademark law
Introduction to Passing Off It is quite common in today’s news articles to observe statements such as ‘Shop owner sells low grade products with logo of branded company’ or ‘Poor quality products passed off as branded’ etc. Even though the term ‘passing off’ is sufficiently being heard and referred to, however it still remains unclear […]
ESG: General Considerations for Investing Practices
Introduction: Environmental Social Governance is a type of sustainable investing that gauges a corporation’s moral contribution to all its pertinent stakeholders. In fact, this strategy of investing in Companies’ whose social and environmental goals meet with investors’ individual goals and beliefs is seen fastest growth. First World Countries are progressively incorporating ESG requirements, thereby imposing […]
Legal Landscape for Space-Tech Companies
Introduction India’s space program begun in the 1962 along with the inception of the ISRO. Space related activities, be it exploration, study or research, were strictly limited to the scope of the government. The space program was completely encompassed in all its functions by the public sector owning the entire monopoly over its control and […]
Delving into the laws pertaining to cyber security in India
Introduction The 21st century has enormously witnessed different forms of cyber-crime related activities including but not limited to cyberbullying, cyberstalking, online job frauds, online sextortion, vishing, smishing, credit card fraud or debit card fraud, impersonation and identity theft and so on, pursuant to which it has become crucial for the introduction of cyber security laws […]