Antony Alex

𝐄𝐚𝐬𝐞 𝐨𝐟 𝐃𝐨𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐛𝐲 𝐭𝐡𝐞 𝐌𝐢𝐧𝐢𝐬𝐭𝐫𝐲 𝐨𝐟 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐀𝐟𝐟𝐚𝐢𝐫𝐬 (𝐌𝐂𝐀): MCA has always been at the forefront of reforming compliance and enhancing the ease of doing business in India. Some of the key achievements and initiatives as per the recent PIB Delhi press release include: 🔆 𝐂𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐳𝐞𝐝 𝐒𝐭𝐫𝐢𝐤𝐞-𝐎𝐟𝐟 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐂-𝐏𝐀𝐂𝐄: ◼️ Since its inception 13,560 companies has been struck off in FY 2023-24 and 11,855 companies in FY 2024-25 (up to 15 Nov 2024). ◼️ So far 3,264 LLPs have been struck off since CPACE operationalization on 27 Aug 2024. ◼️ Average application processing time reduced to 70-90 days. 🔆 𝐒𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐬: ◼️ Decriminalization of 63 offences under the Companies and LLP Acts, reducing litigation burden. ◼️ Conversion of 54+ forms to Straight Through Process (STP) for quicker approvals. ◼️ SPICe+ & AGILE PRO-S e-forms: Simplifying company incorporation with a single-window for Name Reservation, PAN, TAN, GST, and more. ◼️ FiLLiP e-form: Single application for LLP incorporation with multiple services. 🔆 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐟𝐨𝐫 𝐒𝐦𝐚𝐥𝐥 𝐄𝐧𝐭𝐢𝐭𝐢𝐞𝐬: ◼️ Revised definition of Small Company: Paid-up capital threshold increased to ₹4 Crores and turnover to ₹40 Crores. ◼️ Introduction of Small LLPs with reduced compliances and costs. 🔆 𝐊𝐞𝐲 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐒𝐞𝐭𝐮𝐩𝐬: ◼️ Centralized Registrar of Companies (CRC) for uniform incorporation processes. ◼️ Central Scrutiny Centre (CSC) for STP e-forms scrutiny. ◼️ Central Processing Centre (CPC) for non-STP e-forms processing. ◼️ e-Adjudication Portal for adjudicating Companies Act related offences. 🔆 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬: ◼️ Zero fee for company incorporation with ASC up to ₹15 Lakhs. ◼️ Fast-tracked mergers for Startups and Small Companies. ◼️ Listing Indian public companies on international exchanges at GIFT IFSC. ◼️ Zero cost for shifting of the registered office of a company. ◼️ Convening Annual General Meeting (AGM) and Extra-ordinary General Meeting (EGM) of a company through Video Conference (VC). MCA continues to demonstrate its commitment to making India a business-friendly destination & its quite commendable. Do follow us for such other corporate law updates 💡 #ICSI #MCA #Law #Ministryofcorporateaffairs #PIB #ICAI #ICMAI

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The latest combination regulations have transformed the current merger landscape in India, bringing within their purview a deal value threshold and criteria for substantial business operations in India in what experts have termed the “single largest overhaul of the Indian merger control regime.” Our Partner (Head - Competition Law) Avaantika Kakkar shares her views on this in an article published by Business Standard. Read it at: https://lnkd.in/gHTdzi4Y #CCI #CompetitionLaw #DealValueThreshold

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https://lnkd.in/dMdAXidK Obtaining license imperative for use of IP. IPRS enjoys better title to sound recording as against the original author thus arrangement between author and user is immaterial post assignment of rights by author to IPRS.

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IndusLaw Expands Banking & Finance Practice with New Partner Nitika Jain in Mumbai Office Read more: https://lnkd.in/ePb5x3cD #thecourtroom #banking #finance #partnersmovement #induslaw

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In this edition of #TheContext by the Indian Venture and Alternate Capital Association (IVCA), Nikhil Naredi, Partner, Shardul Amarchand Mangaldas & Co; Trishita Dasgupta, Counsel, Shardul Amarchand Mangaldas & Co; and Neha Sahgal, Senior Associate, Shardul Amarchand Mangaldas & Co, explore the complexities of balancing founder incentives amid regulatory changes, particularly the employee stock option (ESOP) dilemma in initial public offerings (IPOs). In recent years, Indian capital markets have seen remarkable fund-raising activity from startups, especially new-age technology companies, including household names like FirstCry, Ixigo, Paytm, PB Fintech, and Swiggy. With each round of investments raised by startups, the shareholding of the founder promoters gets diluted. Ultimately, it results in them ceasing to be classified as promoters of the companies. However, as founders, they continue to be with the company as professional executives, under the supervision of the board of directors.  For more insights on how ESOPs and regulatory shifts impact founder incentives in IPO scenarios, read the blog here: https://lnkd.in/dMa9uEpM #TheContext #Blogs #IVCABlogs #MaximumIndia #PEVC #Startups

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Cyril Amarchand Mangaldas announces joining of Pooranimaa Hariharan as a Partner in its Corporate Practice Read More Here- https://lnkd.in/gnbaEh5C Cyril Shroff #CorporatePractice #CyrilAmarchandMangaldas #entityformationandgovernance #MergersandAcquisitions #PooranimaaHariharan #PrivateEquity #SymbiosisLawSchool #scconline #SCC #legalnews #legalknowledge #scctimes #legalblog #legalupdates #lawstudent #legalresearch #legalstudies #surestwaytolegalresearch #bringingyouthebestlegalnews

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Honored to share my insights in The Economic Times on the growing threat of ‘Digital Arrest’ and the use of deepfake technologies in cybercrime. As technology evolves, strengthening cyber laws and enhancing global collaboration will be crucial to tackling these emerging challenges. Read more in link given below:- https://lnkd.in/gKyEFxyk #cybercrime #deepfake #DigitalArrest #AI #cyberlaw

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ArbitralWomen and YAWP - Young ArbitralWomen Practitioners are proud to sponsor "What Corporates Want? Indian Arbitration Insights from In-House Counsel on 26 July 2024, 06.00 pm Indian Standard Time; 20-30 minutes/interview Delhi (more events to be held in Bombay, Bangalore, Delhi). ArbitralWomen member Hima Lawrence and YAWP Steering Committee Member Manini Brar, FCIArB will speak. This event is an attempt to decode the changing landscape of arbitration in India from the lens of the corporate sector. It will involve a series of short, 30-minute interviews of leading in-house counsel taken by prominent Indian practitioners who routinely deal with arbitration disputes. The interviews will highlight the pros and cons of arbitrating in India, and what corporates would like to see in the future to accept India as a hub for international arbitration.  The format will be interactive, informal and broadcast live as well as over recording. It is hoped that the format will establish direct links between upcoming Indian women arbitration practitioners and In-House Counsel, while having a targeted discussion on issues that plague arbitration in India. Register here: https://lnkd.in/eSy2NrgC If you are a member of #ArbitralWomen and will be speaking at an upcoming event, please complete and submit the Event Form at the following link: https://lnkd.in/gjhfqeBs. The event form must be submitted at least 14 days before the event to be promoted, and at least 21 days before the event if you seek use of the ArbitralWomen logo.

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The Trademark Dilemma: Navigating the Mediation Mandate! 1. #TrademarkDilemma #MediationMandate #AlternativeDisputeResolution #ADRTactics #IPMediation #TrademarkDisputes #IndianIPLaw #ADRIndia #IPConflicts #ResolvingTrademarks #MediationInIndia #IntellectualProperty https://lnkd.in/dCf_vRV5

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Alt India Legal 🎉 Presenting ALT INDIA LEGAL MAGAZINE's May Edition! 📣 Delve into the Digital Personal Data Protection Act 2023—a groundbreaking legislation poised to reshape data protection and innovation! 💡 Uncover insights, navigate complexities, and stay ahead of the curve with our latest edition 🌟📖

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🤔AMALGAMATION WITH APPOINTED DATE - PRIOR TO LISTING DATE : NEED TO PLUG THE LOOPHOLES IN THE SEBI ICDR REGULATIONS : A newly listed company ( DATE OF LISTING AUG 23 2023), HAS ANNOUNCED ON FEB 6, 2024 ( WITHIN 8 MONTHS OF LISTING ) a Scheme of amalgamation  with itself  of four of its wholly owned subsidiary companies ( so no issue of fresh shares involved ) and a fifth company ( fresh issue of shares by the listed co - involved as a result of the merger). The issue price of the equity shares of Re 1 each was at Rs 187 per share THE APPOINTED DATE FOR THE SCHEME IS APRIL 1 2023 ( 4 MONTHS PRIOR TO ITS LISTING IN SES). The Registered Valuer for the purpose has been APPOINTED BY THE BOARD ON DECEMBER 11,2023- WITHIN 4 MONTHS FROM LISTING ( as per the RV certificate dated February 5 2024) SHOULD THE SEBI ICDR REGUALTIONS NOT PROHIBIT SUCH MAJOR RESTRUCTRING FOR A REASONABLE PERIOD FROM THE DATE OF LISTING OF THE EQUITY SHARES WITH SEs. SEBI MAY PERHAPS PRESCRIBE A DECLARATION TO BE MADE BY ISSUER COMPANIES IN THE PROSPECTUS THAT THE ISSUER COMPANY SHALL NOT COME OUT WITH ANY RESTRUCTURING FOR A PERIOD OF SAY, 2YEARS FROM THE DATE OF LISTING OF ITS EQUITY SHARES (notwithstanding the subclause 6 of the R 37 of the SEBI LODR Regulations) NOW , let’s see how the SEs and SEBI consider the application by the listed company for their approval in terms of R37 of SEBI LODR Regulations April 18 1205 hrs

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Indian law firm Bharucha & Partners (B&P) has announced that Hiroo Advani, who founded Advani & Co., has joined the firm’s senior partnership, and brings with him his team of experts. https://lnkd.in/dKqiYtSn #legalnews #india #lawyers #arbitration #disputeresolution

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SKV Law Offices gets featured in Global Arbitration Review. SKV Law Offices Managing Partner, Shri Venkatesh; Counsel, Suhael Buttan and Senior Associate, Vineet Kumar represented DAMEPL in the matter. Read more at :- https://lnkd.in/eKjsvRKY #disputeresolution #supremecourtofindia #arbitration #legalupdates #lawfirm #skvlawoffices

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#LifeStories from Lexygen (#India) In this episode, Vijay Sambamurthi.the Founder and Managing Partner at Lexygen, talks about his formative years in the legal profession, and the anxiety and struggle of starting his own law firm. Vijay is not just a lawyer or a risk mitigator, he is a visionary. We uncover strategies and insights for a budding lawyer or an entrepreneur. https://buff.ly/3YwktAW #lawyer #law

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It gives me immense pleasure to be part of Episode 3 of ANM Thinkpod, where we delved into the evolution of insolvency provisions for personal guarantors to corporate debtors under IBC law. In this episode, we discussed the various legal challenges these provisions have faced, the landmark ruling by the Apex Court, the procedures involved, and answered several key queries surrounding this topic. Looking forward to many more such insightful discussions! #Insolvency #PersonalGuarantors #CorporateDebtors #IBC #InsolvencyLaw #LegalUpdates #ApexCourtRulings #LawAndJustice #PodcastDiscussion

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High Court & Supreme Court Briefing Expert Representation Before India’s Highest Courts Surana Stratlaw offers unparalleled experience in briefing senior counsels and case management for representing clients in the Supreme Court and High Courts across India. Our skilled legal team ensures that every strategy is meticulously prepared, further engage the experts who possess extensive legal expertise to suit the specific needs of the case in context and represent the strongest case possible for favorable judgments. 🔗 SC prefers to hear senior advocates, but it’s more about ‘face value’ than merit - Explore Legal Insights at https://bit.ly/3ZBhtUP #SupremeCourt #HighCourt #IndianLaw #Advocacy #LegalBriefing #SuranaStratlaw

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𝐔𝐧𝐢𝐨𝐧 𝐁𝐮𝐝𝐠𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 Firm's Restructuring and Insolvency Law Partner, Abhishek Swaroop shares his thoughts on the Budget 2024. #unionbudget2024 #budgetanalysis #digitalindia #technology #technologylaw #tmt #AI #artificalintelligence #easeofdoingbusiness #sarafandpartners #lawyers #expertopinion #industryexperts #FinancialBudget #taxlaw #insolvencylaw #restructuring #IBC #fullservicelawfirm #indianlawyer #indianbudget #budget2024

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#MM – 008 In the past 12 months, many rainmaking partners of top law firms in India have moved their teams between firms. This trend raises an interesting question about client data management and confidentiality. When clients choose to follow the partner to a new law firm, they often prioritize the continuity of ongoing matters over the specifics of inter-firm data transfer and confidentiality obligations. In the process, the outgoing partner (in the realm of a seamless transition) often takes the client’s data dump to the new firm. However, it's unclear whether formal agreements are signed to govern these transitions and protect sensitive information, especially regarding closed/concluded corporate matters, transaction bibles, playbooks, emails, and backups. As the legal industry evolves and the partner transition increases, understanding and addressing these dynamics becomes crucial for clients and inhouse counsels. #clients #corporatelawyers #confidentiality #data #generalcounsel #inhouselegal #lawfirms

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