After years of missed opportunities, the Government of India has opened the doors to the vast untapped opportunities of private sector participation in the Indian space program. The Central Government has recently approved far reaching reforms in the space sector aimed at boosting private sector participation in the entire range of space activities with the […]
Why support MSMEs The micro, small and medium enterprises sector in India just like the population, only second to China. In financial year 2019, the total number of MSMEs in the country was more than 63 million. The majority comprised of micro enterprises, with a higher number in rural areas than urban parts of the […]
SECURITIES LAW The Securities and Exchange Board of India (“SEBI”) has introduced several relaxations with respect to (i) the pricing for preferential allotment under SEBI (Issue of Capital and Disclosure) Regulations, 2018 (“ICDR Regulations”); and (ii) SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations”). Following are the highlights of the amendments made […]
Resident or Non-Resident? An Individual is treated as a tax Resident in India if he is in India for more than 182 days in the current previous year or if he is in India for 60 days or more in the current previous year and 365 days in the preceding four previous years. It is […]
LexCounsel is a corporate, commercial and litigation law firm with offices in New Delhi, Bhubaneshwar, Odisha and associate offices in major cities across India. It provides comprehensive legal services to a broad spectrum of domestic and international corporations. The firm is recognised as a leading law firm and advises in diverse areas includingMergers & Acquisition, Corporate […]
Ask anyone in the business world and they’ll likely tell you that Intellectual Property is the fulcrum of any company’s success. Innovate or die is the mantra of the business world and it has never been more true today. But protecting Intellectual Property is a challenging task. It requires fastidious planning, resolute execution and the […]
Foreward by Andrew Chilvers Businesses across the world are undergoing the biggest remote working experiment since Europeans first sailed from their home ports to set up trading posts in Asia 500 years ago. This time around, however, companies are moving colleagues out of their plush city centre locations to set up offices at home. What […]
Non-payment or substantial reduction of wages for the period the Indian industry was closed or operating at limited capacity due to COVID-19 despite the Central Government’s order to continue paying wages to workmen during the lockdown period has led to filing of several petitions before the Hon’ble Supreme Court of India. In the matter of […]
Foreward by Andrew Chilvers Businesses across the world are undergoing the biggest remote working experiment since Europeans first sailed from their home ports to set up trading posts in Asia 500 years ago. This time around, however, companies are moving colleagues out of their plush city centre locations to set up offices at home. What […]
Background In a bid to boost the Indian economy which has been on standstill due to the lockdown for pandemic COVID-19, many state governments have initiated labour law relaxations for factories by issuing executive orders. These relaxations have increased the maximum permissible working hours that a worker is required to work in a day and […]
Businesses across the world are undergoing the biggest remote working experiment since Europeans first sailed from their home ports to set up trading posts in Asia 500 years ago. This […]
Read moreAmendments to the Share Capital and Debentures Rules On 5th June 2020, the Ministry of Corporate Affairs notified certain amendments to the Companies (Share Capital and Debentures) Rules, 2014 (“Rules”) with respect to issuance of sweat equity shares and debenture redemption reserve (“Notification”). A. Sweat Equity Start-up companies were allowed to issue sweat equity […]
