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  • REGULATORY UPDATE: DEFERMENT OF IMPLEMENTATION OF SEBI CIRCULAR DATED 4 AUGUST 2017 REGARDING DISCLOSURE BY LISTED ENTITIES

    REGULATORY UPDATE: DEFERMENT OF IMPLEMENTATION OF SEBI CIRCULAR DATED 4 AUGUST 2017 REGARDING DISCLOSURE BY LISTED ENTITIES

    SEBI vide its circular dated 4 August 2017 had directed listed companies to disclose details on defaults of loan payment from banks and other financial institutions to the public within one working day. Now, SEBI vide its circular dated 29

  • REGULATORY UPDATE: NOTIFICATION OF SECURITIES AND EXCHANGE BOARD OF INDIA(SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2017

    REGULATORY UPDATE: NOTIFICATION OF SECURITIES AND EXCHANGE BOARD OF INDIA(SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) (AMENDMENT) REGULATIONS, 2017

    The SEBI vide its notification dated 14 August 2017, has amended Regulation 10 (General Exemptions from making Open Offer) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2017. This regulation shall not

  • REGULATORY UPDATE: NOTIFICATION OF SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (FOURTH AMENDMENT) REGULATIONS, 2017

    REGULATORY UPDATE: NOTIFICATION OF SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) (FOURTH AMENDMENT) REGULATIONS, 2017

    The SEBI vide its notification dated 14 August 2017, has amended Regulation 70 of the SEBI (Issue of capital and disclosure requirements) Regulations, 2009. In case of Conversion of debt into equity under strategic debt restructuring scheme, the pricing guidelines

  • REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA - RECOMMENDATIONS ON ENCOURAGING DATA USAGE IN RURAL AREAS THROUGH PROVISIONING OF FREE DATA

    REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA - RECOMMENDATIONS ON ENCOURAGING DATA USAGE IN RURAL AREAS THROUGH PROVISIONING OF FREE DATA

    With an aim to increase data connectivity and digital outreach, the TRAI has reiterated its stance and plans to offer 100 MB data to users in rural and remote areas for free. In its response to the Department of Telecommunications’

  • REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA-RECOMMENDATION ON REGULATIONS GOVERNING NET NEUTRALITY IN INDIA

    REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA-RECOMMENDATION ON REGULATIONS GOVERNING NET NEUTRALITY IN INDIA

    The Recommendations were published on November 27, 2017. The previous guidelines issued by the Department of Telecommunications state that no internet access service provider shall resort to any form of discrimination, restriction or interference in the treatment of content, including

  • REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA-THE STANDARDS OF QUALITY OF SERVICE OF BASIC TELEPHONE SERVICE (WIRELINE) AND CELLULAR MOBILE TELEPHONE SERVICE (FIFTH AMENDMENT) REGULATIONS, 2017

    REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA-THE STANDARDS OF QUALITY OF SERVICE OF BASIC TELEPHONE SERVICE (WIRELINE) AND CELLULAR MOBILE TELEPHONE SERVICE (FIFTH AMENDMENT) REGULATIONS, 2017

    On 18 August 2017, the TRAI released the above amendment, pursuant to a public consultation on Quality of Service (“QoS”) conducted in August 2016, regarding the issues being faced by all stakeholders in the Cellular Mobile Telephone Service. In response

  • REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA -DRAFT TELECOMMUNICATION MOBILE NUMBER PORTABILITY (SEVENTH AMENDMENT) REGULATIONS, 2017

    REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA -DRAFT TELECOMMUNICATION MOBILE NUMBER PORTABILITY (SEVENTH AMENDMENT) REGULATIONS, 2017

    On 16 August 2017, the Telecom Regulatory Authority of India (“TRAI”) released the above draft amendment regulations, seeking the comments of stakeholders. This was done as part of the process of making mobile number portability easier and more consumer-friendly. The

  • REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA-CONSULTATION PAPER ON PRIVACY SECURITY AND OWNERSHIP OF DATA IN THE TELECOM SECTOR

    REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA-CONSULTATION PAPER ON PRIVACY SECURITY AND OWNERSHIP OF DATA IN THE TELECOM SECTOR

    On 9 August 2017, the Telecom Regulatory Authority of India (“TRAI”) released a Consultation Paper. The TRAI realised that while the rapid evolution of telecommunication services in India had resulted in better connectivity and the emergence of new business models,

  • REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA (“TRAI”) - CONSULTATION PAPER ON 'AUCTION OF SPECTRUM IN MULTIPLE BANDS

    REGULATORY UPDATE: TELECOM REGULATORY AUTHORITY OF INDIA (“TRAI”) - CONSULTATION PAPER ON 'AUCTION OF SPECTRUM IN MULTIPLE BANDS

    On 28 August 2017, the Telecom Regulatory Authority of India (“TRAI”) released the above Consultation Paper in pursuance of a reference from the Department of Telecommunication on this matter. Among other issues, the Consultation Paper seeks the comments of stakeholders

  • REGULATORY UPDATE:  DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION-NOTIFICATION OF CONSOLIDATED FDI POLICY CIRCULAR OF 2017

    REGULATORY UPDATE: DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION-NOTIFICATION OF CONSOLIDATED FDI POLICY CIRCULAR OF 2017

    The Department of Industrial Policy & Promotion (DIPP) has released its consolidated Foreign Direct Investment (FDI) Policy 2017 on 28 August 2017 incorporating all the changes in rules and procedures notified by the government since the previous edition. The consolidated

  • REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-CLARIFICATION REGARDING APPROVAL OF RESOLUTION PLANS UNDER SECTION 30 AND 31 OF INSOLVENCY AND BANKRUPTCY CODE, 2016

    REGULATORY UPDATE: MINISTRY OF CORPORATE AFFAIRS-CLARIFICATION REGARDING APPROVAL OF RESOLUTION PLANS UNDER SECTION 30 AND 31 OF INSOLVENCY AND BANKRUPTCY CODE, 2016

    The MCA vide its notification dated 25 October 2017 has clarified that approval of shareholders of the company for a particular action required in the resolution plan is deemed to have been given by the National Company Law Tribunal (NCLT),

  • REGULATORY UPDATE: INSOLVENCY AND BANKRUPTCY BOARD - NOTIFICATION OF THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE 2017.

    REGULATORY UPDATE: INSOLVENCY AND BANKRUPTCY BOARD - NOTIFICATION OF THE INSOLVENCY AND BANKRUPTCY CODE (AMENDMENT) ORDINANCE 2017.

    The President of India on 23 November 2017 gave his assent to an amendment in the Insolvency and Bankruptcy Code 2016. The key highlights of Ordinance are as below: The Ordinance provides an amendment to the definition of “Resolution Applicant”

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