https://cclgflblog.pages.dev/Critical engagement with contemporary developments in corporate law, corporate governance, financial laws and allied areas, from the Centre for Corporate Law, Governance and Financial Laws at National Law University Delhi.en-inhttps://cclgflblog.pages.dev/post/reading-between-the-lines-the-special-case-of-private-public-arbitrations-under-the-msmed-act/https://cclgflblog.pages.dev/post/reading-between-the-lines-the-special-case-of-private-public-arbitrations-under-the-msmed-act/Sun, 18 May 2025 09:00:00 +0530Vedanshi MishraThe Micro, Small and Medium Enterprises Development Act, 2006 [“MSMED Act”] is a beneficial legislation aimed at facilitating the development of micro, small and medium enterprises.https://cclgflblog.pages.dev/post/green-finance-and-grey-areas-rethinking-india-s-sovereign-green-bond-strategy/https://cclgflblog.pages.dev/post/green-finance-and-grey-areas-rethinking-india-s-sovereign-green-bond-strategy/Sun, 18 May 2025 09:00:00 +0530Simone VaidyaSamyak DeshpandeGreen financing has emerged as a buzzword amid the 21st-century crisis of global warming and climate change. The term refers to financial flows and investments in sustainable projects, products and policies, with lending decisions being taken on the basis of environmental screening and risk assessment.https://cclgflblog.pages.dev/post/regulating-founder-esops-sebi-s-new-proposal-and-its-implications/https://cclgflblog.pages.dev/post/regulating-founder-esops-sebi-s-new-proposal-and-its-implications/Tue, 06 May 2025 09:00:00 +0530Anany TiwariRecently, the Securities and Exchange Board of India (SEBI) has proposed an amendment, through a consultation paper dated March 20, 2025, to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SEBI SBEB & SE Regulations).https://cclgflblog.pages.dev/post/market-makers-or-market-breakers-the-regulatory-dilemma-in-india-s-bond-forward-trade/https://cclgflblog.pages.dev/post/market-makers-or-market-breakers-the-regulatory-dilemma-in-india-s-bond-forward-trade/Mon, 21 Apr 2025 09:00:00 +0530AnenyaYash SharanOn 21 February 2025, the Reserve Bank of India (“RBI”) unveiled the RBI (Forward Contracts in Government Securities) Directions, 2025 enlisting new guidelines (“the Guidelines”) governing forward contracts in government securities.https://cclgflblog.pages.dev/post/stock-appreciation-rights-a-corporate-tool-for-market-manipulation-and-value-distortion/https://cclgflblog.pages.dev/post/stock-appreciation-rights-a-corporate-tool-for-market-manipulation-and-value-distortion/Tue, 01 Apr 2025 09:00:00 +0530Anushree SrivastavaShravasti YadavIndia’s startup ecosystem has witnessed a surge in financial engineering strategies to optimize capital raising while navigating regulatory constraints.https://cclgflblog.pages.dev/post/addressing-the-regulatory-void-strengthening-india-s-data-economy-legislation/https://cclgflblog.pages.dev/post/addressing-the-regulatory-void-strengthening-india-s-data-economy-legislation/Sat, 15 Mar 2025 09:00:00 +0530Aryan SharmaArav AkolkarThe internet has played a major role in altering the world. It has generated billions of dollars of revenue for people, corporations, governments etc. As per the authors, ‘data’ is the main reason behind this phenomenon.https://cclgflblog.pages.dev/post/reevaluating-sebi-s-rule-8-a-global-broker-centric-perspective/https://cclgflblog.pages.dev/post/reevaluating-sebi-s-rule-8-a-global-broker-centric-perspective/Sun, 09 Mar 2025 09:00:00 +0530Triya GhoshPranav AthreyaThe Securities Contracts (Regulation) Act, of 1956 was enacted to achieve a stable market condition and stop undesirable securities trades.https://cclgflblog.pages.dev/post/ipo-exits-demystified-the-legal-architecture-and-strategic-considerations/https://cclgflblog.pages.dev/post/ipo-exits-demystified-the-legal-architecture-and-strategic-considerations/Sat, 01 Mar 2025 09:00:00 +0530Sahil LathwalAgrim MorInitial Public Offer (“IPO”) is the transition process of a private company to a public listed company by offering securities in the primary market for the first time.https://cclgflblog.pages.dev/post/dematerialisation-mandates-for-private-companies-challenges-and-compliance-ambiguities/https://cclgflblog.pages.dev/post/dematerialisation-mandates-for-private-companies-challenges-and-compliance-ambiguities/Sun, 16 Feb 2025 09:00:00 +0530Chekkapally Prem Kumar VarmaOn 27 October 2023, the Ministry of Corporate Affairs (“MCA”) inserted Rule 9B in the (Prospectus and Allotment of Securities) Rules 2014 (“PAS Rules”). These new provisions mandate private companies to dematerialise all securities and issue them only in dematerialised form by 30 September 2024.https://cclgflblog.pages.dev/post/forward-yet-faulting-decoding-sebi-s-straitjacketed-approach-to-the-artificial-intelligence-genome/https://cclgflblog.pages.dev/post/forward-yet-faulting-decoding-sebi-s-straitjacketed-approach-to-the-artificial-intelligence-genome/Sat, 08 Feb 2025 09:00:00 +0530Dhruv MadanShauryavardhan TomarThe proliferation of Artificial Intelligence (“AI”) and Machine Learning (“ML”) in the financial sector is poised to play a significant role in the transformation of private investments.https://cclgflblog.pages.dev/post/the-golden-apple-of-discord-navigating-the-dark-waters-of-cci-s-investigative-complexities/https://cclgflblog.pages.dev/post/the-golden-apple-of-discord-navigating-the-dark-waters-of-cci-s-investigative-complexities/Tue, 14 Jan 2025 09:00:00 +0530Vibhor MalooShubhanshu DubeyRecently, the Gauhati High Court quashed the proceedings of the CCI on three cement companies in the North-East Region over alleged cartelization by the companies.https://cclgflblog.pages.dev/post/unveiling-the-silent-pact-price-rigidity-in-oligopolies-and-cartel-behavior/https://cclgflblog.pages.dev/post/unveiling-the-silent-pact-price-rigidity-in-oligopolies-and-cartel-behavior/Sat, 04 Jan 2025 09:00:00 +0530Chaitanya VohraIn order to effectively prove the charge of cartelization, one needs to satisfy the requirements provided in Section 3(3) of the Competition Act, 2002 (“Act”), which in turn vests the statutory presumption…https://cclgflblog.pages.dev/post/merger-control-and-digital-competition-will-the-new-combination-regulations-fuel-india-s-growth/https://cclgflblog.pages.dev/post/merger-control-and-digital-competition-will-the-new-combination-regulations-fuel-india-s-growth/Thu, 28 Nov 2024 09:00:00 +0530Ali Ahmed ChaudharyMihika MukherjeeThe new Combination Regulations revised various aspects of the merger control regime. The main changes are with respect to monetary thresholds that serve as a numerical benchmark to determine whether a deal is significant enough to warrant scrutiny by competition authorities.https://cclgflblog.pages.dev/post/governing-the-corporate-commons-applying-ostrom-s-principles-to-harmonize-stewardship-codes-and-con/https://cclgflblog.pages.dev/post/governing-the-corporate-commons-applying-ostrom-s-principles-to-harmonize-stewardship-codes-and-con/Thu, 28 Nov 2024 09:00:00 +0530Samriddh SharmaKushagra TiwariShareholder activism has become a buzzword in recent times. It aims to provide greater investor engagement, oversight, and responsible stewardship over the companies they have invested in.https://cclgflblog.pages.dev/post/protecting-internal-whistleblowers-in-india-s-securities-market/https://cclgflblog.pages.dev/post/protecting-internal-whistleblowers-in-india-s-securities-market/Mon, 21 Oct 2024 09:00:00 +0530Ritesh RajOn 27 June 2024, the Securities and Exchange Board of India (“SEBI”) introduced Chapter IV A in the Securities and Exchange Board of India (Stock Brokers) Regulations 1992.https://cclgflblog.pages.dev/post/blindsided-by-the-watchdog-madras-hc-ruling-raises-stakes-for-cci-investigations/https://cclgflblog.pages.dev/post/blindsided-by-the-watchdog-madras-hc-ruling-raises-stakes-for-cci-investigations/Sat, 14 Sep 2024 09:00:00 +0530Agam GuptaShubhanshu DubeyThe Competition Commission of India (“CCI”) has long served as a stalwart guardian of fair competition within the Indian market. However, a recent judgment by the Madras High Court (“HC”) in MRF Ltd. v.https://cclgflblog.pages.dev/post/analysing-the-status-of-synthetic-securitisations-in-india/https://cclgflblog.pages.dev/post/analysing-the-status-of-synthetic-securitisations-in-india/Tue, 03 Sep 2024 09:00:00 +0530Sunchit SethiSecuritisations refer to the creation of a pool of debt securities on the basis of an existing receivable (debt instruments as assets), by selling them as a packaged security of different risk profiles (bonds) to investors.https://cclgflblog.pages.dev/post/guardians-of-secrets-comparative-governance-in-cyber-espionage/https://cclgflblog.pages.dev/post/guardians-of-secrets-comparative-governance-in-cyber-espionage/Fri, 23 Aug 2024 09:00:00 +0530Khushboo JagasiaNauman MirIn today’s corporate world, data reigns supreme as a vital asset. The boards and management are responsible for safeguarding, preserving and actively defending it against any inbound or outbound threat.https://cclgflblog.pages.dev/post/duality-of-penalty-under-section-132-4-c-of-the-companies-act-2013-flying-in-the-face-of-article/https://cclgflblog.pages.dev/post/duality-of-penalty-under-section-132-4-c-of-the-companies-act-2013-flying-in-the-face-of-article/Tue, 20 Aug 2024 09:00:00 +0530Shriya ChakravarthyMrigank PathakThe National Financial Reporting Authority (NFRA) was established on 01 October, 2018, by the Government of India, in exercise of its power under Section 132 (1) of the (the Act).https://cclgflblog.pages.dev/post/venturing-abroad-feasibility-study-of-mca-s-amendment-enabling-direct-listing-on-foreign-stock-exch/https://cclgflblog.pages.dev/post/venturing-abroad-feasibility-study-of-mca-s-amendment-enabling-direct-listing-on-foreign-stock-exch/Mon, 22 Jul 2024 09:00:00 +0530Shubhankar SaranThe Central government passed the Companies (Amendment) Act, 2020, to rejig current corporate standards and facilitate ease of business. Amongst other things, it permitted the direct listing of Indian companies on foreign stock exchanges.https://cclgflblog.pages.dev/post/understanding-the-cisg-its-applicability-to-epc-contracts-and-framework-agreements/https://cclgflblog.pages.dev/post/understanding-the-cisg-its-applicability-to-epc-contracts-and-framework-agreements/Mon, 22 Jul 2024 09:00:00 +0530Aryan SoniTahir SyedThe United Nations Convention on Contracts for the International Sale of Goods (“CISG”) is a treaty governing the international sale of goods. Its purpose is to create a uniform legal framework, eliminate legal obstacles, and ensure fair trading practices.https://cclgflblog.pages.dev/post/the-ftc-throws-down-the-gauntlet-are-non-compete-agreements-on-the-chopping-block/https://cclgflblog.pages.dev/post/the-ftc-throws-down-the-gauntlet-are-non-compete-agreements-on-the-chopping-block/Mon, 22 Jul 2024 09:00:00 +0530Agam GuptaShubhanshu DubeyOn April 23, 2024, the US Federal Trade Commission (“FTC”) shook up the American labour landscape with the Final Non-Compete Clause Rule (“FTC Rule”). This landmark rule implements a nationwide ban on non-compete agreements in employment relationships.https://cclgflblog.pages.dev/post/revitalising-the-indian-debt-market-sebi-s-initiatives-to-enhance-mutual-funds-role-in-credit-defa/https://cclgflblog.pages.dev/post/revitalising-the-indian-debt-market-sebi-s-initiatives-to-enhance-mutual-funds-role-in-credit-defa/Mon, 22 Jul 2024 09:00:00 +0530Sibasish PandaIshita KhandelwalThe Indian corporate bond market has witnessed a 77% increase in the last five years, highlighting the rising interest of investors in fixed-income securities and the escalating need for capital among the various bond issuers.https://cclgflblog.pages.dev/post/overseas-portfolio-investment-goes-beyond-units-analysis-of-the-rbi-s-amendment/https://cclgflblog.pages.dev/post/overseas-portfolio-investment-goes-beyond-units-analysis-of-the-rbi-s-amendment/Mon, 22 Jul 2024 09:00:00 +0530Tanisha ChivateShivesh DidwaniaOn June 7 2024, the Reserve Bank of India (“RBI”), notified amendments (“Amendment”) to the Foreign Exchange Management (Overseas Investment) Directions 2022 (“OI Directions”).https://cclgflblog.pages.dev/post/expansion-in-scope-of-sbo-analysis-of-recent-roc-orders/https://cclgflblog.pages.dev/post/expansion-in-scope-of-sbo-analysis-of-recent-roc-orders/Mon, 22 Jul 2024 09:00:00 +0530Shivesh DidwaniaRecently, the Registrar of Companies of the National Capital Territory of Delhi and Haryana (“RoC”) passed 2 contentious adjudication orders under section 454(3) of the Companies Act, 2013 (“Act”).https://cclgflblog.pages.dev/post/deal-value-thresholds-under-the-competition-amendment-act-2023-a-balanced-approach-to-killer-acq/https://cclgflblog.pages.dev/post/deal-value-thresholds-under-the-competition-amendment-act-2023-a-balanced-approach-to-killer-acq/Tue, 09 Jul 2024 09:00:00 +0530Sourav PaulAntitrust regulators rarely intervene in merger and acquisition (“M&A”) transactions unless certain thresholds are triggered. Nonetheless, academicians and practitioners have voiced apprehensions regarding such a permissive approach to merger control regimes.https://cclgflblog.pages.dev/post/unveiling-the-financial-debt-nature-of-security-deposits-a-post-global-credit-capital-analysis/https://cclgflblog.pages.dev/post/unveiling-the-financial-debt-nature-of-security-deposits-a-post-global-credit-capital-analysis/Fri, 28 Jun 2024 09:00:00 +0530Rajyavardhan SinghA division bench of the Supreme Court in Global Credit Capital Ltd. and Anr. vs. Sach Marketing Pvt. Ltd. and Anr.https://cclgflblog.pages.dev/post/high-stakes-on-high-seas-reconciling-maritime-and-insolvency-laws/https://cclgflblog.pages.dev/post/high-stakes-on-high-seas-reconciling-maritime-and-insolvency-laws/Fri, 28 Jun 2024 09:00:00 +0530Tanishq BhosleThe enactment of the Insolvency and Bankruptcy Code, 2016 (“IBC”) marked a significant milestone in India’s legal landscape by consolidating and standardising insolvency laws nationwide.https://cclgflblog.pages.dev/post/envisioning-public-interest-in-the-indian-competition-law-regime-through-the-wouters-lens/https://cclgflblog.pages.dev/post/envisioning-public-interest-in-the-indian-competition-law-regime-through-the-wouters-lens/Fri, 28 Jun 2024 09:00:00 +0530Nooransh GroverDeriving its roots from Adam Smith, competition law has always thrived upon serving public interest by establishing a competitive market.https://cclgflblog.pages.dev/post/beyond-competition-unveiling-public-interest-in-india-s-merger-control-regime/https://cclgflblog.pages.dev/post/beyond-competition-unveiling-public-interest-in-india-s-merger-control-regime/Fri, 28 Jun 2024 09:00:00 +0530Aastha MalipatilCombinations (or mergers) are defined under Section 5 of the Competition Act, 2002 (“the Act”), and entail the acquisition of one or more enterprises by one or more persons, or the amalgamation or merger of such enterprises.