SEBI introduces provisions for exit offer to dissenting shareholders

Friday March 18, 2016. BY Varsha G. Subramanian & J. Mandakini | Commercial/Corporate

Introduction The Companies Act, 2013 had introduced an exit option for those shareholders who do not agree with the change in the objects or terms of contract referred to in the prospectus[1] (“Dissenting Shareholders”). However,

SEBI v. Kishore R Ajmera: Voluminous trading in illiquid scrips

Thursday March 10, 2016. BY Varsha G Subramanian | Commercial/Corporate

Introduction The instant case involves five appeals filed by the Securities and Exchange Board of India (“SEBI”) against brokers and sub-brokers who have indulged in trading of illiquid scrips and artificially creating a high volume

Commercial Courts Act, 2015 contd. : Important changes in provisions of CPC

Friday January 22, 2016. BY J.Mandakini & Varsha G Subramanian | Commercial/Corporate

PART II – IMPORTANT CHANGES IN THE PROVISIONS OF CIVIL PROCEDURE CODE, 1908 (“CPC”) By J.Mandakini & Varsha G Subramanian The Act provides for a Schedule which amends certain provisions of CPC. These provisions are

Commercial Courts, Commercial Division & Commercial Appellate Division of High Courts Act, 2015

Saturday January 16, 2016. BY J.Mandakini & Varsha G Subramanian | Commercial/Corporate

PART I – ESTABLISHMENT OF COURTS AND DIVISIONS FOR COMMERCIAL DISPUTES Introduction The Commercial Courts, Commercial Division & Commercial Appellate Division of High Courts Act, 2015 (“Act”) was enacted on 1 January 2016 with effect

SEBI revamps insider trading regulations

Friday November 28, 2014. BY | Commercial/Corporate

By Varsha G Subramanian Introduction Insider trading refers to use of certain unpublished information related to a public listed company by a person for the purpose of transacting the securities of the company. Insider trading

KSL & Industries Ltd. vs. M/s. Arihant Trades Ltd. & Ors.

Tuesday November 4, 2014. BY | Commercial/Corporate

The verdict of Supreme Court in KSL Industries Ltd. Vs. M/s. Arihant Trade Ltd. & Ors., delivered on 27th October,2014, held that provisions of Sick Industrial Companies (Special Provisions) Act, 1985 (“SICA”) shall prevail over

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