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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.

  • Synopsis of Amendments made to the Companies Act, 2013 in the year 2019 and allied Action Points

    Synopsis of Amendments made to the Companies Act, 2013 in the year 2019 and allied Action Points

    The Ministry of Corporate Affairs (the MCA) in the month of January & February 2019 has issued the following amendments notification under the Companies Act 2013 (the Act): (a) Changes in Companies (Significant Beneficial Owners) Rules 2018 to identify individuals/entities

    AB
    By Ashwin Bhat about 1 year ago
  • RBI directive to limit customer liabilities

    RBI directive to limit customer liabilities

    RBI issues directive limiting the liability of customers in unauthorised electronic payment transactions in Prepaid Payment Instruments issued by authorised Non-Bank Issuers. The Reserve Bank of India (RBI) vide its Notification No. DPSS.CO.PD.No.1417/02.14.006/2018-19 dated 4 January 2019 (“the Directive”) has

  • Capital Gains Tax on Conversion of Compulsorily Convertible Preference Shares – The Current Scenario

    Capital Gains Tax on Conversion of Compulsorily Convertible Preference Shares – The Current Scenario

    The question of taxability on conversion of compulsorily convertible preference shares (CCPS) has come up for consideration quite a few times in the recent past. There seemed to be ambiguity regarding whether an event of conversion amounts to ‘transfer’ under

    Avaneesh Satyang
    By Avaneesh Satyang about 1 year ago
  • Key changes on Companies (Amendment) Ordinance, 2018

    Key changes on Companies (Amendment) Ordinance, 2018

    The Ministry of Corporate Affairs (the MCA) on 2 November 2018, has notified the Companies (Amendment) Ordinance, 2018 (Ordinance) in order to amend provisions under the Companies Act of 2013. The following are the major changes brought about by the

  • Competition Act: Amendment to the Combination Regulations Seeks to Simplify the Procedures Relating to Combinations

    Competition Act: Amendment to the Combination Regulations Seeks to Simplify the Procedures Relating to Combinations

    The Competition Commission of India (“Commission”), with the main objective of simplifying the procedures relating to combinations provided under the Competition Act, 2002 (“Competition Act”), has recently amended the Competition Commission of India (Procedure in regard to the transaction of

  • Corporate Social Responsibility (CSR) Contributions in Incubators

    Corporate Social Responsibility (CSR) Contributions in Incubators

    Every company having a net worth of INR 500 crore or more, or turnover of INR 1000 crore or more or a net profit of INR  5 crore or more during the immediately preceding financial year is subject to the

    Avaneesh Satyang
    By Avaneesh Satyang over 1 year ago
  • Regulatory update: Amendment to Private Placement process

    Regulatory update: Amendment to Private Placement process

    Prior to allotment of shares, a company has to follow the process of private placement or rights issue. In view of resolving the ambiguities and to amend various provisions of the Companies Act 2013 (the Act), the Ministry of Corporate

    Sharda Balaji
    By Sharda Balaji over 1 year ago
  • 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 1 year ago
  • 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 1 year ago
  • Nuances associated with Issuance of Compulsorily Convertible Debentures

    Nuances associated with Issuance of Compulsorily Convertible Debentures

    Compulsorily Convertible Debentures (CCDs) are considered to be hybrid instruments / and equity linked instrument, i.e. they are treated as debt till the time they are converted into equity. When they are issued it is a debt, after a period

    SS
    By Shruthi Shenoy almost 2 years ago
  • Regulatory update: SEBI - Compensation to Retail Individual Investors (RIIs) in an IPO.

    Regulatory update: SEBI - Compensation to Retail Individual Investors (RIIs) in an IPO.

    SEBI vide its circular dated 15 February 2018 has directed that RIIs applying for shares in IPO should be compensated if Self Certified Syndicate Banks (SCSB) fail to make the allotment despite of RIIs eligibility. In order to bring uniformity

  • Regulatory Update: Ministry of Corporate Affairs - Companies (Authorized to Register) Amendment Rules, 2018.

    Regulatory Update: Ministry of Corporate Affairs - Companies (Authorized to Register) Amendment Rules, 2018.

    The MCA vide its notification dated 16 February 2018 has amended the Companies (Authorised to Register) Rules, 2014 and notified the Companies (Authorised to Register) Amendment Rules, 2018, substituting form no. URC-1 (Application by a Company for registration under Section 366 i.e, Conversion from firm into Company and

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