India: Initial Coin Offerings – The Regulatory Paradigm For Crypto Coins In India And China

“This article has been co-authored by the team of LexCounsel Law Offices, India and Mr. Teo Doremus and Ms. Courtney Zhou of IPO Pang Xingpu, China”. 1. Demystifying ICOs. Initial Coin Offerings (or “ICOs”) as a means of fundraising has steadily becoming the new normal in this digital age for start-ups looking to fund new […]

Seema JhinganPartner, LexCounsel

BACK DOOR ENTRY OF THE DEFAULTING PROMOTERS – INAPPLICABILITY OF SECTION 29A OF INSOLVENCY & BANKRUPTCY CODE

With the introduction of the Insolvency & Bankruptcy Code, 2016 (“Code”), there has been a flurry of litigation before the National Company Law Tribunals (“NCLT”) and the National Company Law Appellate Tribunal seeking initiation of corporate insolvency resolution process with respect to companies in default of debt. The Code being a new legislation is not […]

Seema JhinganPartner, LexCounsel

Jehangir, Gulabbhai, Bilimoria & Daruwalla joins IR as the exclusive IP – Trademark & Copyright Member in India

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Darius F. Dalal of Jehangir, Gulabbhai, Bilimoria & Daruwalla . Darius has joined IR as our exclusive IP – Trademark & Copyright Member in India. Darius is an Advocate, Solicitor and Registered Patent and Trade Mark Agent. He completed his L.L.B. […]

GST Update Vol 45 11th May 2018

A.    CHANGES IN THE GST REGIME Intra-state e-way bill Earlier, the Maharashtra government had notified 31st May 2018 as the date of effective implementation of intra-state bill. However, as per the recent notification, this date of effective implementation has been modified to 25th May, 2018. Consequently, with effect from 25th May, 2018, intra-state e-way bill will […]

Aliff FazelbhoySenior Partner, ALMT Legal, Advocates & Solicitors

Worldwide: An Overview Of Data Protection Laws In India And European Union

This article has been co-authored by the team of LexCounsel Law Offices in collaboration with Ms. Magdalena Jacolik of Aliant Krzyżowska International Law Firm, Poland: http://www.mondaq.com/india/x/687750/data+protection/An+Overview+Of+Data+Protection+Laws+In+India+And+European+Union Communication, transfer, storage and use of data (and often sensitive, confidential and personal data) has become part and parcel of today’s digital transactions. While electronic transactions are quickly becoming […]

Seema JhinganPartner, LexCounsel

ENFORCEABILITY OF GOVERNMENT DIRECTIONS, POLICIES, GUIDELINES AND CONTRACTS

ENFORCEABILITY OF GOVERNMENT DIRECTIONS, POLICIES, GUIDELINES AND CONTRACTS When dealing with government policies, guidelines and contracts, one is often faced with the question of the nature of these policies, directions and contracts. For instance, do the codes and guidelines issued by different departments of the Government of India or the contracts entered into by public […]

Seema JhinganPartner, LexCounsel

CROSS BORDER MERGERS

The Reserve Bank of India (“RBI”) has notified the Foreign Exchange Management (Cross Border Merger) Regulations on 20 March 2018 (“Regulations”) under the Foreign Exchange Management Act, 1999 (“FEMA”). The Regulations allow cross-border mergers and amalgamations that could boost foreign direct investment into the country. These Regulations define cross border merger to mean any merger, […]

Aliff FazelbhoySenior Partner, ALMT Legal, Advocates & Solicitors