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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24 May 2019

Guidelines for determination of allotment and trading lot size for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) [Circular no.SEBI/HO/DDHS/DDHS/CIR/P/2019/59, dated April 22 ,2019]

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16 Apr 2019

Modification of circular dated December 7, 2018 on ‘Disclosure of significant beneficial ownership in the shareholding pattern [Circular no. SEBI/HO/CFD/CMD1/CIR/P/2019/36, dated March 12 ,2019]. Actions against unregistered investment advisory (Way2Gains, Capital Mirror and Astro Capital Solutions) dated March 29, 2019.

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10 Apr 2019

The Reserve Bank of India (RBI) has issued/updated the Master Directions recently (March 2019) in relation to the (1)Establishment of Branch / Liaison / Project Office in case of the Defence, Telecom, Private Security and Information and Broadcasting sectors (2) External Commercial Borrowings (3) Foreign Direct Investment (FDI) in relation to E-Commerce entity under Market Place Model.

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15 Mar 2019

(1) Relaxation to transfer securities from Non-Residents to their relatives- PAN card not required. (2) Format for annual secretarial audit report -listed entities and their material subsidiaries. (3) Criteria for determining quantum of penalty- Chapter VIA of SEBI Act, 1992.

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22 Feb 2019

After the KYC drive of Directors, the Ministry of Corporate Affairs (“MCA”) has come out with a notification dated 21st February 2019 (“Notification”) to collect KYC details of Companies.This is a major step wherein the MCA21 system would not register the Companies in case they are non-compliant with certain parameters.

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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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