SEBI has recently constituted a committee to recommend enhancements to Business Responsibility and Sustainability Report (‘BRSR’), rating and investments in Environment, Social and Governance (‘ESG’) practices. The article in this issue of Corporate Amicus notes that though India has no comprehensive legislation concerning ESG disclosures for Indian corporates, National Guidelines on Responsible Business Conduct, 2019 lays down the principles to operate a business in an ethical,...

The SEBI has on 14 January 2022 notified SEBI (Issue of Capital and Disclosure Requirements) Amendment Regulations, 2022 with respect to changes and obligations that the IPO bound companies have to comply with while filing the Draft Red Herring Prospectuses. The article in this issue of Corporate Amicus seeks to provide an insight on the amendments made under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the need to bring such amendments.

The first article highlights the law on cross border insolvency in India as it stands today. Discussing the need for such insolvency proceedings, the article deliberates upon the four main necessities as prescribed in the Model Law by the United Nations Commission on International Trade Law.

India has seen rapid adoption of crypto or digital currencies for trading and investment purposes. However, there is an uncertainty on the legal status and dealing with the same by the residents. The Bill proposing a sweeping ban has been listed twice in the legislative business of Lok Sabha and while the draft bill is in the dock, the Finance Minister in Budget 2022 has announced taxation of crypto profits.

In India, one set of facts expose an economic offender to prosecution under multiple legislations. In order to fully understand and organize how economic offences are being tackled today, the article in this issue...

The article in this issue of Corporate Amicus reviews the recent changes made by the Securities and Exchange Board of India (‘SEBI’) in the related party transaction (‘RPT’) regime for listed entities. The article discusses the changes made in the definition of ‘related party’ and how the ambit of RPT has been widened to include transactions between a listed entity or its subsidiaries on one side and a related party of the listed entity or its subsidiaries on the other side.

The article in this issue of Corporate Amicus analyses the Special Purpose Acquisition Companies (‘SPACs’) which raise capital from an initial public offering (‘IPO’) to acquire an unspecified operating business.

The article in this issue of Corporate Amicus discusses the proposed amendments relating to the fall-back liability in the Consumer Protection (E-Commerce) Rules, 2020. The clause makes a paradigm shift in the liability of the online retailers who until now majorly functioned in the nature of middlemen but with these Rules coming into force, will become directly and vicariously responsible for the damage caused by the vendor to the customer.

The article in this issue of Corporate Amicus analyses the Master Direction on Prepaid Payment Instruments (PPI) issued by the Reserve Bank of India recently. The article notes that the latest directions have classified PPIs into two new categories, i.e. small PPIs and full-KYC PPIs, with an aim to simplify the regulatory procedure, as compared to the three categories provided in 2017 (Closed Systems PPI, Semi-Closed Systems PPI, and Open Systems PPI).

The first article in this 10th Anniversary issue of Corporate Amicus discusses a recent Supreme Court decision in the case of Silpi Industries v. Kerala State Road Transport Corporation. The Apex Court has categorically stated that, in order to seek the benefit under the Micro Small and Medium Enterprises Development Act, 2006, the seller should have been registered under the said Act on the date of entering into the concerned contract.