Corporate and Commercial

SEBI (Foreign Portfolio Investors) Regulations 2019

Foreign Portfolio Investors (“FPI”) are now subject to a revised regulatory framework ( the “2019 Regulations”). These regulations were introduced with a primary aim of easing the registration process, liberalising the regulatory conditions, relaxing the compliance requirements and giving a boost to foreign investment in India. Registration as FPI SEBI (Foreign Portfolio Investors) Regulations 2014 …

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The Supremes’ On Director’s Liability & Corporate Criminality

The Supreme Court recently, in Shiv Kumar Jatia v. State of NCT of Delhi  [1] addressed the question of whether a managing director of a company could be held liable for a crime purely on account of him being an executive director. Shiv Kumar Jatia v. State of NCT of DelhiBrief factsA guest’s fall from the …

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FDI Policy Update: FDI Reforms (August 2019)

On August 28th, 2019 the union cabinet approved changes to the foreign direct investment (“FDI”) policy in four sectors (“Approved Proposal”). The purpose of these changes is to make India a more favourable destination for global investors. Coal Mining Sector The automatic route under the existing FDI policy for mining coal was restricted to captive …

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Competition Law and Abuse of Dominance

The Competition Commission of India (“CCI”) has been repeatedly called upon to adjudicate on disputes involving allegations of abuse of dominance. Some of these decisions highlight a significant departure from global trends and to that extent ought to be of interest to corporates. Abuse of DominanceSection 4 of the Competition Act, 2002 (“Competition Act”) deals …

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Spice Route Legal advised Helix Investments in its USD7.5 million investment in Dentzz Dental Care

Helix Investments, an investment fund backed by Culbro LLC and Bloomingdale Properties, invested USD 7.5 million in Mumbai-based Dentzz Dental Care. Dentzz is a super-specialised dental care brand with clinics in Mumbai and Dubai. Praveen Raju, Renuka Abraham and Swarna Jain advised on the deal. Media reports of this deal can be found here:https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/helix-invests-rs-50-crore-in-dentzz/articleshow/71195220.cms?from=mdrhttps://www.vccircle.com/private-equity-firm-helix-invests-in-dental-clinic-chain-dentzz/