Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • Post Formation Compliance Requirements for Alternative Investment Funds (AIFs)

    Post Formation Compliance Requirements for Alternative Investment Funds (AIFs)

    AIFs are privately pooled investment funds in India, typically set up in the form of a trust or a company or a body corporate or a Limited Liability Partnership (LLP). Please see our previous post to read more on a

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    By Alivia Das about 2 years ago
  • Issuance of Equity and Preference Shares with Differential Rights and Variation of Rights

    Issuance of Equity and Preference Shares with Differential Rights and Variation of Rights

    Background The term differential rights with respect to shares can be interpreted to mean the existence of rights different in nature than the rights that are inherently associated with ordinary shares. The holder of these shares has rights which are

    Sharda Balaji
    By Sharda Balaji about 2 years ago
  • Regulatory Update: Parliament passes Specific Relief (Amendment) Bill, 2017

    Regulatory Update: Parliament passes Specific Relief (Amendment) Bill, 2017

    Specific Relief Act, 1963 sets out the remedies available to the parties for violation of their civil or contractual rights. The parliament has recently passed the Specific Relief (Amendment) Bill, 2017 (“Bill”). Some of the importance amendments as per the

  • Regulatory Update: Telecom Regulatory Authority of India : “Next Generation Public Protection and Disaster Relief (PPDR) communication networks”.

    Regulatory Update: Telecom Regulatory Authority of India : “Next Generation Public Protection and Disaster Relief (PPDR) communication networks”.

    The Telecom Regulatory Authority of India via Press Release No. 61/2018 dated 4th June, 2018 released recommendations on “Next Generation Public Protection and Disaster Relief (PPDR) communication networks”. PPDR supports a wide range of services such as maintenance of law

  • Regulatory Update: Telecom Regulatory Authority Of India : Coverage Map of various Telecom Service Providers (TSP) for different License Service Areas (LSA) made available for TRAI portal

    Regulatory Update: Telecom Regulatory Authority Of India : Coverage Map of various Telecom Service Providers (TSP) for different License Service Areas (LSA) made available for TRAI portal

    The Telecom Regulatory Authority of India via Press Release No. 59/2018 dated 31st may, 2018 released the BETA version of the portal namely www.coveragemap.trai.gov.in. This web portal was aimed at providing visualization of network coverage of all Telecom Services Providers

  • Operating Business in Renewable Energy (RE) Sector: Applicable Laws to Consider

    Operating Business in Renewable Energy (RE) Sector: Applicable Laws to Consider

    Rapid economic growth demands progressive measures in the Electricity or Power Sector. Power shortages and depletion of non-renewable energy resources coupled with distribution channel challenges have forced the economy to look forward to renewable energy creation and distribution. India’s commitment

    Sharda Balaji
    By Sharda Balaji over 2 years ago
  • MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES 2018

    MINISTRY OF CORPORATE AFFAIRS: NOTIFICATION OF COMPANIES (PROSPECTUS AND ALLOTMENT OF SECURITIES) AMENDMENT RULES 2018

    The MCA vide its notification dated 7 May 2018 has amended Companies (Prospectus and Allotment of Securities) Rules 2014 and done away the requirement of detailed list of contents of the prospectus following suggestions from the stakeholders that offer documents

  • Withdrawal Application after Initiation of Corporate Insolvency Proceedings  under the IBC

    Withdrawal Application after Initiation of Corporate Insolvency Proceedings under the IBC

    Introduction In case of any disputes between the parties, there are probabilities that parties might compromise and settle the matter during the pendency of the case before the Court.  In this blog, we analyse the situation where the application has

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    By Shivani Handa over 2 years ago
  • Are Assured Returns or Damages in instances of Breach a “Financial Debt” under Insolvency & Bankruptcy Code 2016?

    Are Assured Returns or Damages in instances of Breach a “Financial Debt” under Insolvency & Bankruptcy Code 2016?

    Under the Insolvency and Bankruptcy Code, 2016 (the Code), a financial creditor can initiate a Corporate Insolvency Resolution Process (CIRP) by filing an application before the jurisdictional National Company Law Tribunal (the NCLT) upon the occurrence of a default in

    Sharda Balaji
    By Sharda Balaji over 2 years ago
  • Regulatory Update:  Ministry of Finance - Relaxes MAT Provisions for Companies Facing Insolvency

    Regulatory Update: Ministry of Finance - Relaxes MAT Provisions for Companies Facing Insolvency

    The Ministry of Finance vide its press release dated 6 January 2018 has informed that representations are received from the companies against whom an application for corporate insolvency resolution has been admitted by the adjudicating authority under section 7, 9

  • Prevention of Sexual Harassment of Women at Workplace - VIDEO SERIES

    Prevention of Sexual Harassment of Women at Workplace - VIDEO SERIES

    Junior Partner Ms. Sohini Mandal appeared on the Prathibha Sastry Show talking about the Sexual Harassment of  Women at Workplace (Prevention, Prohibition and Redressal)  Act 2013 (POSH). She also talks about her experience in conducting Internal Complaints Committee procedures. The

    Sharda Balaji
    By Sharda Balaji over 2 years ago
  • REGULATORY UPDATE: MCA ISSUED NOTICE INVITING COMMENTS/SUGGESTIONS ON INTEGRATION OF NAME RESERVATION WITH SPICE E-FORM UNDER COMPANIES ACT, 2013

    REGULATORY UPDATE: MCA ISSUED NOTICE INVITING COMMENTS/SUGGESTIONS ON INTEGRATION OF NAME RESERVATION WITH SPICE E-FORM UNDER COMPANIES ACT, 2013

    The MCA in view of simplifying the process of name reservation for the Companies, it has issued the Consultation Paper on the integration of Name reservation with SPICE e-form under the Companies Act, 2013. In this regard, it has invited

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