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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28 Aug 2018

While the due date of filing Annual KYC by persons holding DIN has been extended, the following note elaborates key issues relating to the KYC requirements. As part of updating its registry, Ministry of Corporate Affairs of India (MCA) would be conducting KYC of all Directors of all companies annually through the new eform viz. DIR-3 KYC.  The following are the Key Issues relating to the Annual KYC requirements:  Click to read more.

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09 Aug 2018

The SEBI Board in its June 21st meeting considered the proposal to discontinue the category of subbroker as market intermediary. The main reason for such a proposal is that, under current regulations and the procedure prescribed by the Stock Exchanges, there is no difference between the role and functioning of a Sub-Broker and that of an Authorised Person (AP).

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02 Aug 2018

In the matter of Nirmal N. Kotecha (Misc. Application 215/2018) August 1, 2018 The applicant in this case was restrained from dealing in the securities market in an ex-parte order dated April 23, 2009. The final order dated March 22, 2018 continued the restrain for a period of 14 years from the date of the ex-parte order. This order was passed pursuant to the investigation in the matter of Pyramid Saimara Ltd.

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26 Jul 2018

In the matter of Association of National Exchanges Members of India (Appeal No.260 of 2018) (Decided on 26.7.2018)The appeal has been filed against the respondents (NSE & SEBI) on the ground that there is ambiguity in the circular issued by the NSE regarding the quantum of securities transaction tax levied on stock deriavatives.

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19 Jul 2018

Strengthening the Guidelines and Raising Industry standards for RTAs, Issuer Companies and Banker to an Issue – Clarification (SEBI/HO/IRSD/DOS3/CIR/P/2018/115) July 16, 2018 SEBI, vide its earlier circular dated April 20,2018, inter-alia, mandated RTAs to send a letter under Registered / Speed post to all securities holders holding securities in physical form, seeking PAN and bank details within 90 days of the said circular and two reminders thereof after the gap of 30 days.

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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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