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The Competition Commission of India (the “Commission”) finally announced its much-awaited verdict earlier this week, approving Walmart’s USD 16 billion acquisition of Indian e-commerce major, Flipkart. Walmart Inc. (“Walmart”) is an American multinational retail corporation that...
In March 2018, the Union Cabinet approved the introduction of the Banning of Unregulated Deposit Schemes Bill, 2018 (the “Bill”) and on 18 June 2018, the Bill was tabled before the Lok Sabha. The Bill provides for a comprehensive mechanism to tackle the menace of unlawful deposit...
The Prevention of Corruption Act, 1988 (the “Act”) was recently amended by the Prevention of Corruption (Amendment) Act, 2018 (the “Amendment Act”). Most of the amendments are aimed at tightening up the existing provisions in the Act and expanding the coverage of the offences.
The long-awaited Personal Data Protection Bill, 2018 (the “Bill”) was released on July 27, 2018, along with the report by the Committee of Experts under the chairmanship of Justice B. N. Srikrishna (the “Report”).
The Insolvency & Bankruptcy Code currently has no clear framework for cross border insolvency. That’s about to change, with the Ministry of Corporate Affairs recently inviting comments on the draft chapter, broadly incorporating the UNCITRAL Model Law on Cross Border Insolvency. But what might...
In April this year, the Reserve Bank of India (the “RBI”) issued a notification prohibiting the use of virtual currencies, preventing entities regulated by the RBI from dealing with virtual currencies or providing services facilitating any person or entity to deal or settle virtual...
The Ministry of Electronics and Information Technology (MeitY) released a whitepaper on the proposed "a data protection regulatory framework for India" in November 2017. INDUSLAW along with several other stakeholders provided its views on various aspects in relation to the proposed data protection...
INDUSLAW is a multi-speciality Indian law firm with 24 partners and over 100 lawyers across four offices in Bangalore, Delhi, Hyderabad and Mumbai. We advise foreign and domestic clients on matters of Indian law in relation to their transactions, dispute resolution, business strategies and...
On June 7, 2018, the Reserve Bank of India (the “RBI”) issued a circular (the “Circular”),1 introducing a single master form (the “SMF”) to integrate the existing reporting norms for various types of foreign investment in India.
The President of India promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 (the “Ordinance”) on 6 June 2018 to amend the Insolvency and Bankruptcy Code, 2016 (the “Code”), which amongst other things, categorizes homebuyers as financial creditors, amends decision...
The regulator of Indian securities market, the Securities and Exchange Board of India (“SEBI”) on May 31, 2018, notified amendments to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the “Take-Over Regulations”) and the SEBI (Delisting of Equity Shares)...
INDUSLAW is a multi-speciality Indian law firm with 24 partners and over 100 lawyers across four offices in Bangalore, Delhi, Hyderabad and Mumbai. We advise foreign and domestic clients on matters of Indian law in relation to their transactions, dispute resolution, business strategies and...
