We are pleased to share our knowledge alert for the month of December 2024 being a compilation of our thought leadership articles on key legal and regulatory topics published by us in this month. ‘AL Insights – December 2024’ consists of our publications on corporate laws, tax laws and disputes matters.
We trust you will find the same to be an interesting read.
To read more, click on the access links below or download the pdf.
Reporting Requirements: Inclusion of Mutual Fund Units under the SEBI (Prohibition of Insider Trading) Regulations, 2015
On 22 October 2024, the Securities and Exchange Board of India (SEBI) issued a circular to streamline the implementation of the amendment to the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations) that includes mutual fund units under its scope.
Read MoreSHe-Box Portal: A step towards better implementation of POSH redressal
The Ministry of Women and Child Development (MCD) has launched the ‘SHe-Box’ portal, designed to serve as a central repository for complaints under the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (POSH Act).
Read Moree-Shram Portal: enhancing safety net of unorganized sector
Over the past decade, gig-workers have become central to the growth of online platform aggregators. However, due to their temporary employment status, gig-workers remain outside the traditional labor law framework. This update discusses the launch of the e-Shram Portal to facilitate the registration and access to social security schemes.
Read MoreMere conviction by an internal committee is not enough to withhold gratuity
The Delhi High Court in Punjab National Bank v. Shri Niraj Gupta and Anr has ruled that the findings of an Internal Committee (IC) under the POSH Act, which addresses workplace sexual harassment, are insufficient to withhold gratuity unless accompanied by a criminal conviction. In this article, we have analysed the decision.
Read MoreTReDS Registration: New Turnover Criteria for MSMEs
On 7 November 2024, the Ministry of Micro, Small and Medium Enterprises issued a notification lowering the threshold for mandatory onboarding onto Trade Receivables Discounting System (TReDS) platforms. This update outlines the key changes introduced by the notification.
Read MoreSupreme Court rules that for listings, approval from the company’s shareholders is mandatory
The Supreme Court of India ruled in Jyoti Limited v. BSE Limited & Anr., affirming that shareholder approval is required under Section 62(1)(c) of the Companies Act for debt-to-equity conversions. In this article, we have analysed the decision alongside its implications for debt restructuring.
Read MoreAmbiguities in SEBI’s Insider Trading Amendment: A Closer Look at ‘Sharing Household or Residence’
On 4 December 2024, SEBI issued the third amendment to the PIT Regulations, expanding the definition of 'connected person' to include individuals sharing a household or residence with a connected person.
Read MoreReverse Flipping – An Overview of the Legal, Tax and Regulatory Regime in India
The phenomenon of ‘reverse flipping’ is gaining momentum among Indian-origin start-ups. This update examines the two main structures for achieving reverse flipping — Inbound Mergers and Share Swap Transactions, along with the associated legal, regulatory, and tax implications.
Read MoreSupreme Court clarifies the withdrawal process in BYJU’s insolvency
In GLAS Trust Company LLC v. BYJU Raveendran & Ors., the Supreme Court of India ruled that a Corporate Insolvency Resolution Process (CIRP) cannot be withdrawn via private settlement without following the procedural safeguards outlined in the Insolvency and Bankruptcy Code, 2016. In this article, we have analysed the decision.
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