29 Jun 2015

For many years, the primary role of lawyers in most societies has been to assist clients in dealing with “legal issues”. While some “issues” were the result of actions taken by the clients themselves (whether individuals, families or corporate), others were caused by the actions of others. This role was well-suited to an environment where laws remained unchanged for long periods of time, and where there was clarity and unanimity on what constituted a “solution” to the problem at hand. Indeed, this stability in the legal and regulatory regime also limited the “creativity” that lawyers could bring to bear while addressing the issue- there were precedents to go by or other well-defined and generally accepted ways of dealing with the situation.>>

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26 Jun 2015

At its Board meeting held on June 23, 2015, SEBI approved the necessary changes in the Institutional Trading Platform (ITP) to simplify fund-raising by start-ups/new age companies. This is the logical outcome of the exercise initiated by SEBI on March 30, 2015 when it issued a discussion paper regarding a proposed alternative capital raising platform catering to start-ups/ “new-age” companies and invited comments from the public.>>

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