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Taking a deeper look at changes to SBO regime

By Saket Shukla and Akshay Sachthey, Phoenix Legal
The Companies Act, 2013 (act) was amended in 2018 to introduce a regime for significant beneficial owners (SBO) of shares or companies. The SBO regime aims to identify ultimate individual owners behind corporate structures...
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Clarity on SBO rules adds to compliance burden

By Siddharth Nair and Ritwik Mukherjee, Shardul Amarchand Mangaldas & Co
This article analyses the changes brought about to the positions set out in an earlier article (SBO Rules: Lack of clarity may hamper compliance, published in India Business Law Journal, February 2019) following the...
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SBO Rules: Lack of clarity may hamper compliance

By Siddharth Nair and Ritwik Mukherjee, Shardul Amarchand Mangaldas & Co
Based on recommendations of the Financial Action Task Force, the Ministry of Corporate Affairs (MCA), in order to identify the ultimate beneficial owner of shares in investments made through multi-layered structures, notified the Companies...

Clarifications awaited on changes to SBO regime

By Aparna Ravi and Surabhi Rao, Samvad Partners
On 13 June 2018, the Ministry of Corporate Affairs (MCA), released the Companies (Significant Beneficial Ownership) Rules, 2018. The rules, along with amendments to sections 89 and 90 of the Companies Act, 2013, marks...

Vagueness in SBO rules could affect implementation

By Ritika Ganju and Tushar Thimmiah, Phoenix Legal
Governments struggle to combat money laundering, terrorism funding and threats to the integrity of global financial systems. Complex cross-border corporate vehicles are used to facilitate illegal activities, allowing the anonymous movement of illicit funds...
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Leaders of the pack

India Business Law Journal reveals the top international law firms for India-related matters. Vandana Chatlani reports. Five years ago, when Prime Minister Narendra Modi first came to power he was described by former CNN New...

India Inc slow to embrace IIoT, finds survey

Indian businesses seem to be taking a wait-and-see approach towards the adoption of industrial internet of things (IIoT), according to a recent report by Osborne Clarke. The report surveyed 40 senior executives in manufacturing,...
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Significant beneficial ownership rules revamped

The Ministry of Corporate Affairs (MCA), on 8 February 2019, notified the Significant Beneficial Ownership (Amendment) Rules, 2019, (amended rules) which overhauled the amended section 90 of the Companies Act, 2013, notified June 2018. Section...
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The Brexit puzzle

Sherina Petit and Nosherwan Vakil explore how Indian businesses can manage the challenges and opportunities presented by Britain's EU exit After several rounds of negotiations, the Brexit process in the UK has reached an impasse....

Rising Stars 2018

50 law firms that are on the ascent by Rebecca Abraham Ask any in-house lawyer to name India’s most reputed law firms and most will mention the six or seven that have for long dominated the...
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The A-List 2018

India Business Law Journal reveals its definitive list of the top lawyers in India in the A-List. Rebecca Abraham reports ACCESS THE A-LIST 2018 TOP LAWYERS IN INDIA The third edition of India Business Law Journal’s list...

MCA notifies beneficial ownership rules

The Ministry of Corporate Affairs (MCA) on 13 June brought into effect the Companies (Significant Beneficial Owners) Rules, 2018 (SBORs). The Companies (Amendment) Act, 2017, had introduced the concepts of beneficial interest in shares...

Stephenson Harwood boosts India team

Sunita Singh-Dalal has joined the India practice of Stephenson Harwood from Anjarwalla Collins & Haidermota, Dubai, where she was a partner for four years. Singh-Dalal told India Business Law Journal that Stephenson Harwood, which she...

High fliers

Lawyers from around the world have had a busy year in India working on deals while adhering to the country’s ‘fly-in fly-out’ model. India Business Law Journal reveals the top international firms that are...

Proposed amendments may require deal restructuring

By Aayush Kapoor and Karuna Thapa, Shardul Amarchand Mangaldas & Co
The recently enacted Companies (Amendment) Act, 2017, brought a fresh set of revisions to the Companies Act, 2013, aimed at plugging loopholes and facilitating ease of doing business. However, certain proposed amendments (which have...

Rising stars

50 Indian law firms that are on the ascent By Rebecca Abraham India’s legal market has long been dominated by a handful of law firms. But, while these firms face increasing competition, not least from in-house...

The A-List 2017: India’s top 100 lawyers

India Business Law Journal reveals its definitive list of the country’s top private practice lawyers. Rebecca Abraham reports For the second year running India Business Law Journal has put together a list of India’s top...

Pushing the case for energy storage policy formulation

By Rahul Arora and Abhinav Mishra, HSA Advocates
When it comes to smart and sustainable energy security, renewable energy is paving the way for nations around the globe. A target of 175 GW of renewable capacity addition by 2022, coupled with 24x7...

Brexit puts India-UK ties into question

The UK’s decision to leave the EU following a referendum on 23 June came as a shock to many in and outside of the country, shaking stock markets worldwide, weakening the pound and dampening...

Foreign faithful

For a decade India Business Law Journal has been seeking out the best foreign law firms for India work. Here are the firms we hold in highest regard in our 10th annual survey By Vandana ChatlaniIndia has...