News

• Business Standard - 20-01-2023

The Securities and Exchange Board of India (Sebi) has intensified its drive against alleged violations of front-running regulations—considered one of the most serious stock market offences. In its latest action, the securities regulator has carried out search and seizure operations against market experts doling out stock advice on business news channels. Our Partner Aman Avinav in conversation with Business Standard shared insights on this issue. He shared that "the scope of [the] regulations was broadened to prohibit front-running by non-intermediaries and individuals, with effect from February 1, 2019. The offence attracts a penalty which may extend to Rs 25 crore, or three times the amount of profits made out of such practice, whichever is higher, upon conviction".

• Legal500 - 13-01-2023

We are pleased to share that The Legal 500 (Legalease) has ranked several of our practice areas in their 2023 edition.

• Legal500 - 13-01-2023

We are pleased to share that our Co-founding Partners Abhishek Saxena, Manjula Chawla; Partners Gautam Bhatikar, Pallavi Bedi; Associate Partner Akshay Sachthey and Principal Associate Nikhil Suresh Pareek have been ranked by The Legal 500 (Legalease) in their 2023 edition.

• A-List 2022-2023 - 12-01-2023

We are pleased to share that our Co-Founding Partners Abhishek Saxena, Manjula Chawla and Sawant Singh have been recognised as India's Top Lawyers by India Business Law Journal in their A-List 2022-2023.

• Mint - 07-01-2023

Our Associate Partner Neha Naik, in conversation with LiveMint, shared her views on the interim order by the Delhi High Court against unauthorised use of celebrities’ names in promotional activities such as advertising.

• Business Line - 03-01-2023

In an effort to facilitate strategic disinvestment, the Finance Ministry has said a listed public sector undertaking will continue to be exempt from Minimum Public Shareholding (MPS) norm for a ‘specified period’, even after change of control. For a listed company, the norm is that it must maintain a minimum public shareholding of 25 percent. Our Co-founding Partner Sawant Singh shared with businessline that the amendment introduces an explanation to clarify that despite a change in control, the exemption would continue to apply.