Latest Legal Posts


September 5, 2024 | Legal
Refund of Application Monies: A Critical Aspect of Corporate Governance
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The TYKE Case
Regulators position - primary breach of S 42 (Issue of Shares on Private Placement basis) of CA, 2013 Extract of S 42(7) of the CA, 2013: “(7) No company issuing securities under this section shall release any public advertisements or…
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Update in Master Directions on Foreign Investment in India
DOWNLOAD FULL PDF The Reserve Bank of India has updated its Master Directions on Foreign Investment in India (FED Master Direction No.11/2017-18) as of August 08, 2024, introducing key definitions and clarifying various provisions. Among these updates, the validity of…
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Impact of PMLA Amendments on Virtual Digital Asset Transactions
Notification Coverage The Ministry of Finance has notified an amendment in Prevention of Money-Laundering Act, 2002 (“Act”) by way of Notification No. S.O. 1072(E) dated 07.03.2023 (“Notification”). The Act has been amended to include cryptocurrency or virtual digital assets (“VDA”)…
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