PSA (Priti Suri & Associates)

We are almost halfway of the current decade. Businesses, and enterprises are growing exponentially, and the traditional marketplaces are undergoing radical #transformation. In this backdrop, national #competition regimes, be it #policy or #enforcement, face complex and unprecedented challenges while balancing a need to protect consumers. The Competition Commission of India continues to earn recognition within a relatively short span. A slew of changes points towards quite an overhaul of India’s #antitrust landscape. On September 10, 2024, the Indian government notified several new provisions of the Competition (Amendment) Act, 2023 on merger control, along with three sets of revised rules. In tandem, the #CCI also published the Competition Commission of India (Combinations) Regulations, 2024. In this article titled “Reforming India’s Merger Control Regime” published for India Business Law Journal’s Expert Briefings Priti Suri, Founder-Partner and Aastha Mathur, Senior Associate summarized five key changes in the new regime and its expected impact on Indian M&A. Anticipating and proactively navigating the evolving enforcement environment will remain key for businesses that want to remain one step ahead. We hope like the present year, 2025 will be great for global antitrust. #TeamPSA #LawyeringatPSA #Mergers #Acquisitions #MergerControl

We are, once again, happy to announce Founder-Partner, Priti Suri’s listing as a top lawyer in India by India Business Law Journal and being recognized again as a Legal Icon. The detailed methodology for arriving at the names states A-List Lawyers are ones “who are currently the star performers of India’s legal profession; the lawyers who are personally undertaking the country’s top legal work, crafting the most cutting-edge legal solutions to complex problems, and setting the highest standards in terms of quality, innovation and the ability to handle complex matters.” Legal Icons are “Lawyers who are the luminaries of India’s legal profession; the titans who command the respect of clients and juniors alike; the mentors who lead India’s most admired law firms and/or legal teams, and the country’s most prolific rainmakers.” This recognition only fuels our passion to continue delivering exceptional legal services! Of course, none of this would be even possible without the trust clients reposed, the opportunities afforded and the presence and support of a dream team.   Finally, congratulations to all the names on the list for the incredible work you do daily and for setting the benchmark of excellence high!   #toplawyers #legalawards #visionary #lawfirms #lawyeringatPSA #IBLJAlist #IBLJ #TeamPSA

As virtual offices become popular among businesses looking for cost-effective solutions, they raise compliance concerns under Section 12 of the Companies Act, 2013 (the “Act”) which sets the requirements for a company’s registered office. A central question that arises is whether virtual office setups meet the statutory criteria set forth under the Act. Section 12 requires every company to have a registered office that is capable of receiving and acknowledging official communications and notices. In addition, professionals certifying the SPICe+ form for company incorporation must “personally visit” the proposed office premises to verify that it is suitable and will be used for the company’s intended business purposes. A recent ICAI disciplinary case underscores the risks of non-compliance with this requirement. The ICAI Disciplinary Committee found a Chartered Accountant guilty of professional misconduct for certifying incorporation documents without physically verifying the office premises. In this case, the office was set up through a virtual office provider. The Committee ruled that a virtual office does not meet the requirements of Section 12 of the Act and cannot be considered a substitute for a physical office. Simply displaying a logo and setting call/mail forwarding or package handling facility does not fulfil the legal requirements for a registered office under the Act. Businesses and professionals must exercise caution when considering virtual office setups to ensure compliance with the Act. Failure to do so could result in legal risks, compliance issues, and professional scrutiny. Saniya Gandotra #LegalCompliance #CompaniesAct2013 #RegisteredOffice #VirtualOffice #CompanyIncorporation

While companies are still trying to grapple with the recently enacted Digital Personal Data Protection Act, the Digital India Act is in the pipeline. While a draft Bill has not been released yet, it is crucial to start understanding what it contains. Envisioned as a necessary overhaul of the existing redundant IT regime, the act intends to modernize and bolster the legal and regulatory framework to catch up speed with new technologies. From enhanced accountability and monitoring obligations for #intermediaries to strict regulation of data protection and #cybersecurity, the proposed changes could reshape the landscape for digital and tech companies in India. It is essential to understand these shifts early on to anticipate their impact and stay ahead of the curve. In our November 2024 E-Newsline titled “Digital India Act – Looking through the Crystal Ball of a new Digital India”, Dylan Sharma examines the intended reforms and their potential implications. Read the newsletter here: https://lnkd.in/gw872RTD #TeamPSA #LawyeringatPSA #DigitalIndia #TechPolicy #DataPrivacy #DigitalTransformation #DigitalIndiaAct #Newsletter

PSA was the Legal Partner at the recently concluded Bharat Privacy Conference, 2024 held at the historic Manekshaw Center in Delhi. Thank you DPO Club for building India's first privacy ecosystem. We look forward to more such partnerships. Dhruv Suri Rishi Sehgal Prakhar Srivastava Urvika Suri Saniya Gandotra Pragya Kriti Dylan Sharma #BPC2024 P.S: Bharat Privacy called for Indian outfits too :)

PSA is the Legal Partner for the Bharat Privacy Conference, 2024. Our team looks forward to meeting you on November 16, 2024 at the historic Manekshaw Centre in Delhi. If you are looking to attend, buy your tickets from here: https://lnkd.in/gYzP4Bj6 #TeamPSA #BPC2024 #DataPrivacy #Data #BharatPrivcayConference2024

Wishing a very happy and prosperous Diwali to you and your loved ones! #TeamPSA #Diwali2024 #FestivalofLights #DiwaliWishes

According to OECD, pro-competition regulations are essential to nurture #innovation, business dynamism, #productivity, investment and employment in an economy. The Competition (Amendment) Act, 2023 has reformed India’s existing #competition framework, a crucial step towards maintaining a balanced marketplace which supports business growth and consumer welfare. The amendments aim to shape the evolving market dynamics through competitive forces. Effective September 10, 2024, various provisions of the amended act were implemented, and the expectation is these will bring more transparency and procedural fairness in CCI proceedings. In our October 2024 E-Newsline titled “The Competition Act 2023 And Merger Control for New-Age Markets,” Saniya Gandotra examines the recent changes. Click the link for full read https://lnkd.in/gGhkcv_3 #TeamPSA #LawyeringatPSA #CCI #CompetitionLaw #CompetitionAct #MergerControl #Newsletter

This was great fun, DPO Club. Looking forward to more collaborations.

Always excited to partner with DPO Club. Looking forward to an amazing conference! #bharatprivacy2024