10 Apr 2015

The recent incident at Fabindia Goa as reported in the media has again brought into focus the need to sensitize employees of all organizations about their responsibility to prevent sexual harassment of women at workplace. “Voyeurism” was not classified as a penal offence till an amendment in 2013 brought it within the ambit of criminal laws, with a minimum punishment of one year imprisonment (which may extend to three years). The incident even compelled the MD and CEO of Fabindia to obtain anticipatory bail.>>

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10 Apr 2015

Congratulations if your start-up’s fund raising plan has met all the six qualifiers necessary under SEBI’s proposed alternative capital raising platform for start-ups/ “new-age” companies (see previous blog that contains Part 1). Now is probably a good time to take stock of the other regulatory requirements that SEBI is looking to impose under the alternative platform. Relax- the new requirements are less stringent! This blog compares the proposed requirements for raising capital under the alternative capital raising platform with those that apply under the normal route, i.e. in accordance with SEBI (ICDR) Regulations, 2009.>>

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02 Apr 2015

 On March 30, 2015, SEBI issued a discussion paper on a proposed alternative capital raising platform (http://www.sebi.gov.in/cms/sebi_data/attachdocs/1427713523817.pdf) specially catering to start-ups/“new-age” companies. This is definitely a positive step by SEBI as it potentially offers a regulatory regime where start-ups can realize better valuations like in jurisdictions such as USA or Singapore,which have a head start in terms of a more conducive regulatory framework for start-ups to raise risk capital.>>

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