The Ministry of Corporate Affairs through Notification No. SO 2039 (E) dated 29 June relaxed the requirement for companies to file a notice with the Competition Commission of India (CCI) within 30 days of passing of an approval relating to the merger/amalgamation of, or execution of agreement for the acquisition or acquisition of control of an enterprise which would lead to the combination. However, any proposed combination is still precluded from coming into effect until the passage of 210 days from the date on which the notice for the proposed combination is filed with the CCI. Upon failure to give notice of a proposed combination, the CCI may impose a penalty which may extend to 1% of the total turnover or the assets, whichever is higher, of such combination.
In this difficult and dynamic environment, India Business Law Journal’s editorial team was once again tasked with selecting the winners of the Indian Law Firm Awards. Our decisions are based on thousands of nominations and endorsements received from in-house counsel, other senior corporate executives and legal professionals around the world, as well as hundreds of submissions from Indian law firms
Of the hundreds of lawyers around the world who claim to be India experts, which ones are leading the field? To find out, India Business Law Journal sought answers from a large number of professionals, mainly experienced lawyers at Indian law firms and India-focused in-house counsel around the world.
The fourth annual edition of the A-List is a continuation of India Business Law Journal’s efforts to recognize India’s most outstanding lawyers. This year, in order to acknowledge the grandees of the legal profession, as well as recognizing our regular 100 A-List of highly talented practitioners, we identify 35 legal “icons”.
A critical part of a lawyer’s job is being a good negotiator. It requires people skills, well-ordered priorities and a positive approach to doing business
Acquisitions through enforcement of pledged shares have become a feasible route, with courts playing a supportive role
Despite the flaws, the advantages of virtual courts mean they should continue even after the pandemic has abated
In a very short span of time India’s courts have adapted to working during the pandemic, and the lessons learned during this time will be used to increase efficiency and productivity of the judicial system