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20 July 2024 at 14 : 02 PM
Deal Corner: NDA Represents Steadview Capital Mauritius Limited in its investment in Ethereal Machines Private Limited
Read MoreJuly 20, 2024 NDA REPRESENTS STEADVIEW CAPITAL MAURITIUS LIMITED IN ITS INVESTMENT IN ETHEREAL MACHINES PRIVATE LIMITED DEAL BRIEF Steadview Capital Mauritius Limited (“Steadview”) participated as one of the lead investors in a USD 13 Million Series A round of funding for the manufacturing startup, Ethereal Machines Private Limited (“Ethereal”), which included other investors […]
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19 July 2024 at 12 : 45 PM
Dispute Resolution Hotline: Guesstimates in assessing damages by the arbitrator a possibility? Delhi High Court opines
Read MoreJuly 19, 2024 GUESSTIMATES IN ASSESSING DAMAGES BY THE ARBITRATOR A POSSIBILITY? DELHI HIGH COURT OPINES A division bench of the Delhi High Court held that arbitrators may use “guesswork” and “rough and ready” methods for calculating damages when precise quantification of losses is difficult, but not impossible. The court also held that under […]
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15 July 2024 at 16 : 11 PM
New Publication: Evolution of Generative AI
Read MoreLegal, Regulatory and Ethical Frontiers July 15, 2024 The rise of generative artificial intelligence (“GAI“) technologies presents a multifaceted legal landscape that demands thorough exploration and regulation. Our research paper discusses the techniques behind generating various types of content through GAI models and lays forth a description of the training processes for these […]
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12 July 2024 at 17 : 39 PM
Regulatory Digest: Mid-Year FPI Wrap 2024: Developments in the Foreign Portfolio Investor Regime
Read MoreJuly 12, 2024 MID-YEAR FPI WRAP 2024: DEVELOPMENTS IN THE FOREIGN PORTFOLIO INVESTOR REGIME The significant developments in the FPI space in the first half of 2024 are: Release of updated Master Circular for FPIs. Amendment to circular mandating additional disclosures by FPIs that fulfil certain objective criteria. Circular on relaxation of timeline for […]
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12 July 2024 at 17 : 20 PM
FEMA Regulatory Services Unit in Citibank (July 09, 2024)
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12 July 2024 at 09 : 34 AM
Investment Funds: Monthly Digest: SEBI Approves Borrowings for AIFs and Cap On Large Value Fund Extensions: Insights and Implications
Read MoreJuly 12, 2024 SEBI APPROVES BORROWINGS FOR AIFS AND CAP ON LARGE VALUE FUND EXTENSIONS: INSIGHTS AND IMPLICATIONS SEBI permits borrowing by Category I and Category II AIFs to meet temporary shortfall in drawdown from investors. Cooling off period of 30 days to be applicable between 2 instances of borrowing. SEBI caps extension of […]
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10 July 2024 at 13 : 48 PM
Tax Hotline: Tax Issues for Foreign Law Firms Entering India
Read MoreJuly 10, 2024 THE FINANCIAL SERVICES BULLETIN This article was first published on July 08, 2024 by Bloomberg Tax. The Indian legal services industry is witnessing a paradigm shift as the government has recently lifted its restrictions on foreign law firms from operating in India. While this change is currently limited to permitting advice […]
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9 July 2024 at 17 : 35 PM
Deal Corner: NDA Represents Steadview Capital Mauritius Limited in the Pre-IPO Acquisition of the Shares of Le Travenues Technology Limited
Read MoreJuly 09, 2024 NDA REPRESENTS STEADVIEW CAPITAL MAURITIUS LIMITED IN THE PRE-IPO ACQUISITION OF THE SHARES OF LE TRAVENUES TECHNOLOGY LIMITED DEAL BRIEF Steadview Capital Mauritius Limited (“Steadview”) acquired shares of Le Travenues Technology Limited (“Ixigo”) from three of its existing shareholders namely, Peak XV Partners Investments V, Madison India Opportunities Trust Fund and […]
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9 July 2024 at 09 : 31 AM
Regulatory Digest: The Financial Services Bulletin
Read MoreJuly 09, 2024 THE FINANCIAL SERVICES BULLETIN This is the first edition of Nishith Desai Associates’ quarterly financial services newsletter in collaboration with US-India Business Council. INTRODUCTION The Indian financial services sector (“FS”) offers promising opportunities of investment and consolidation to investors and stakeholders alike, considering the recent growth of this sector in India. […]
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8 July 2024 at 14 : 30 PM
Deal Corner: NDA Represents Synchronoss Technologies in Sale of Messaging and Networkx Businesses to Lumine Group
Read MoreJuly 08, 2024 NDA REPRESENTS SYNCHRONOSS TECHNOLOGIES IN SALE OF MESSAGING AND NETWORKX BUSINESSES TO LUMINE GROUP DEAL BRIEF Synchronoss Technologies (“Synchronoss”) recently sold its Messaging and NetworkX businesses to Lumine Group (“Lumine”) (“Transaction”). Synchronoss is a global leader and innovator in cloud, messaging, and digital products and platforms. Lumine is a global […]
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28 June 2024 at 17 : 06 PM
Yes, Governance Matters.: Essential Role of Minutes in Corporate Governance
Read MoreJune 28, 2024 ESSENTIAL ROLE OF MINUTES IN CORPORATE GOVERNANCE This article was first published on June 28, 2024 by lawstreetindia. Board meetings play a key role in company governance, necessitating meticulous documentation through minutes. Section 118(10) requires adherence to ICSI secretarial standards, specifying detailed maintenance protocols for minutes. In this hotline, we discuss […]
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27 June 2024 at 09 : 30 AM
CE by Interns – Part III (June 27, 2024)
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26 June 2024 at 09 : 18 AM
CE by Interns – Part II (June 26, 2024)
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25 June 2024 at 09 : 43 AM
CE by Interns (June 25, 2024)
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18 June 2024 at 18 : 59 PM
Tax Hotline: Telangana High Court dismisses Taxpayers’ constitutional writ challenging invocation of GAAR
Read MoreJune 18, 2024 TELANGANA HIGH COURT DISMISSES TAXPAYERS’ CONSTITUTIONAL WRIT CHALLENGING INVOCATION OF GAAR The principle of specific provision prevailing over the general, applies exclusively when the general provisions are introduced prior to the specific provisions. Additionally, the court emphasized that GAAR provisions, beginning with a non-obstante clause, would override other provisions of the […]
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18 June 2024 at 14 : 48 PM
Technology Law Analysis: Self-Declaration Mechanism for Misleading Advertisements: A House Built on Sand
Read MoreJune 18, 2024 SELF-DECLARATION MECHANISM FOR MISLEADING ADVERTISEMENTS: A HOUSE BUILT ON SAND The Supreme Court order dated May 7, 2024 in the case of Indian Medical Association & Anr. v. Union of India & Ors, Writ Petition (C) No. 645/2022, mandated establishment of a Self-Declaration mechanism for advertisements. The mechanism is operational through […]
