News & Views

19 May 2018

Ministry of Commerce and Industry, Govt. of India through Department of Industrial Policy and Promotion (DIPP), with an intent to building a stronger eco-system for nurturing innovation and growth of the Start-ups in the country, has come up with a new notification (G.S.R. 364(E)) on 11th April, 2018 (“Notification”) dealing with the revised regulatory framework for the Start-up’s in India.

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08 Feb 2018

A JV is a contractual arrangement under which two or more parties undertake an economic activity that is subject to joint control. There are no express or specific regulations for JV's. However, the JV is subject to the legislation specifically regulating the particular legal form it takes and the sector it relates.

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26 Jul 2017

India’s Supreme Court has constituted a nine-member bench to decide on whether the Right to Privacy is a fundamental right. This decision will be an important landmark in the advocacy of privacy rights in our country.

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03 May 2017

In the last couple of months, the Government has mandated the use of the Aadhaar number for availing various government services and benefi ts. It has been made mandatory for fi ling tax returns and for booking air and train tickets, etc.

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05 Apr 2017

Intelligent machines or “machines with self-acquired intelligence” (the term denotes all types of AI including robots, drones, automated vehicles, bots) are becoming increasingly popular. Unlike the previous generation of machines that were “expert systems” based on a set of rules pre-programmed into them, modern day intelligent machines have the ability to “acquire” more and more intelligence without human intervention.

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28 Jan 2018

Soumitra Banerjee, Group Head taking master class on A step by step guide to drafting a business contract scheduled in Bangalore on 12th January 2018 at Hotel Pride.

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01 Aug 2017

Fox Mandal recently organised an event on “IP Management – Best Practices” at its Bangalore office. Senior IP practitioners from organisations in diverse industry domains addressed a group of over 20 IP practitioners and stakeholders and shared insights and best practices from their industry and organisations. The interactive session also gave the audience an opportunity to engage with the experts to clarify various IP management related issues.

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01 Aug 2017

Fox Mandal Partner Purnima Kamble, who heads the firm’s Hyderabad office, was privileged to felicitate Shri. M. Venkaiah Naidu, in her capacity as a Charter Member of TiE’s newly-launched chapter in Amaravathi, the capital of Andhra Pradesh state. The AP state government is keen to attract start-ups and TiE expects to play an important role in helping create a suitable ecosystem.

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26 Apr 2017

On April 26, 2017, Fox Mandal’s Bangalore office hosted a session on the “Tax and Legal aspects of inward investment in Italy”. Partners from Studio Pirola, a leading Italian tax advisory and legal services firm, spoke on the subject and answered questions from the audience.

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13 Apr 2017

Rajesh Vellakkat, Partner, was invited to be a panellist at KLE Law College’s Lexpert 2017, an event aimed at giving students a practitioner’s perspective of a career in law. Rajesh spoke about the intersection of “technology” and “law” and the resulting opportunities to provide legal services to technology companies. He discussed the scope of “Technology Law” as a practice area and its linkages with other areas such as Corporate Law and IPR Law, and highlighted certain laws that students desirous of pursuing a career in this area must gain expertise in. 

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13 Jul 2018

It is going to cost more for the companies in the form of additional fee of Rs.100/- per day if the Company fails to file the annual accounts and annual returns with in due date as provided under the Companies Act, 2013.

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05 Jul 2018

In order to provide ease of doing business to Angel Funds, SEBI vide notification dated June 1,2018 has amended the Alternative Investment Fund (AIF) Regulation. This amendment simplified the regulatory provisions with regard to the angel funds including Regulation 19(E) which deals with filing of scheme details with SEBI.

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29 Jun 2018

The Reserve Bank of India (RBI’), vide its Circular - RBI/2017-18/194 A.P (DIR Series) Circular No.30 dated June 07, 2018, has introduced an Integrated reporting system called Single Master Form (SMF). The introduction of SMF is with the objective of integrating the various reporting structures of foreign investment in India.

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28 Jun 2018

In the matter of Super Domestic Machines Ltd. (A.O No.EAD-9/SM/59/2018-19) Decided on June 27,2018
Brief Facts: Super Domestic Machines Ltd. is a company whose shares are listed under Bombay Stock Exchange. Sanjeev Burman Jhaveri, the notice is a shareholder of the company and had acquired 5400 shares of the company on January 21, 2015 and his total shareholding in the company had increased to 2, 17,700 shares i.e., 5.02% of the total share capital of the company.

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21 Jun 2018

SEBI vide its earlier circulars (dated February 3rd, February 5th, October 6th of 2015 and October 9th of 2014) had stipulated minimum residual maturity restriction of three years for investment by FPI in Government Securities, (G-Sec) State Development Loans and Corporate Debts. Further, it also enabled investment of coupons in G Secs and related matters and prescribed the procedure to be followed in the implementation of the auction mechanism.

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24 Apr 2014

Sexual harassment is categorized as a serious criminal offence and violation of fundamental rights which can destroy human dignity and freedom. In an effort to promote the well being of women employees at the work place, every employer should now mandatorily have strict guidelines against sexual harassment. President Pranab Mukherjee has accorded his assent to the bill under which, cases of sexual harassment at workplace will have to be dealt and disposed off by an in-house committees within 90 days failing which a penalty will be imposed.

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