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The Securities and Exchange Board of India (Sebi) has decided to relax entry norms for foreign portfolio investors (FPIs), seeking to counter their continued withdrawal from the nation’s equity market. The regulator eased initial public offering (IPO) issue sizes for large Indian companies to strengthen an already impressive pipeline of share sales that could hit a record this year. At its board meeting on Friday, Sebi decided to allocate a quota to insurance companies and pension funds in the anchor books of IPOs, while reducing the minimum investment limit in long-value private equity (PE) funds to boost investor participation, among several steps to bolster the capital markets. “This will pave the way for larger unlisted companies to become public more seamlessly,” said Arka Mookerjee, partner, JSA Advocates & Solicitors. “Most importantly, Sebi has adopted a multi-pronged approach to increasing institutional participation in IPOs, with public shareholding threshold relaxations, additional QIB (qualified institutional buyer) participation and increasing timeline for compliance.” Read more

India’s proposed out-of-court debt resolution route will be open only to a narrow set of well-regulated financial creditors, two persons familiar with the discussions in the government said. The framework, now before Parliament as part of amendments to the Insolvency and Bankruptcy Code (IBC), promises a quicker, more flexible alternative to tribunal-led proceedings, which will also help reduce the backlog at the insolvency tribunal. Read more

 Artificial intelligence is rapidly transforming the global music industry. With AI bands and synthetic performers emerging, the question of who owns music and whose rights are at stake has become more urgent than ever. In India, courts have begun grappling with these issues, but the legal framework still has significant gaps. Akshaya Suresh, Partner, JSA Advocates & Solicitors explains that Indian courts have repeatedly recognised the “right of publicity” or personality rights to protect individuals against unauthorised commercial exploitation of their identity. This includes voice, image, and likeness. Read more

Consumer goods makers are hiring law firms for implementing the revised goods and services tax (GST) norms and taking pre-emptive measures to safeguard against any inadvertent anti-profiteering complications and allegations, said executives at companies and legal firms. The development comes amid buzz that the government is considering re-invoking anti-profiteering provisions, though only in the short term, to ensure companies pass on tax benefits to consumers. “While legal provisions require any benefits to be passed on by Way of commensurate reduction in prices, it is not practical to do so for all commodities, on account of package size, low retail price per package, and stock in transit, etc,” said Manish Mishra, partner and head of practice, indirect tax, JSA Advocates & Solicitors. Read more

India’s market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources. The Securities and Exchange Board of India (SEBI) will try to approve a majority of the IPOs within three months of filing, the two regulatory sources said. Previously, such clearances sometimes took up to six months. “In a market that is overcrowded with issuers wanting to catch the right window to list, SEBI’s approach in recent times has helped ease the pressure,” said Madhurima Mukherjee Saha, partner at JSA Advocates & Solicitors. Read more

India’s market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources. The Securities and Exchange Board of India (SEBI) will try to approve a majority of the IPOs within three months of filing, the two regulatory sources said. Previously, such clearances sometimes took up to six months. “In a market that is overcrowded with issuers wanting to catch the right window to list, SEBI’s approach in recent times has helped ease the pressure,” said Madhurima Mukherjee Saha, partner at JSA Advocates & Solicitors. Read more

India’s market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources. The Securities and Exchange Board of India (SEBI) will try to approve a majority of the IPOs within three months of filing, the two regulatory sources said. Previously, such clearances sometimes took up to six months. “In a market that is overcrowded with issuers wanting to catch the right window to list, SEBI’s approach in recent times has helped ease the pressure,” said Madhurima Mukherjee Saha, partner at JSA Advocates & Solicitors. Read more

India’s market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources. The Securities and Exchange Board of India (SEBI) will try to approve a majority of the IPOs within three months of filing, the two regulatory sources said. Previously, such clearances sometimes took up to six months. “In a market that is overcrowded with issuers wanting to catch the right window to list, SEBI’s approach in recent times has helped ease the pressure,” said Madhurima Mukherjee Saha, partner at JSA Advocates & Solicitors. Read more

India’s market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources. The Securities and Exchange Board of India (SEBI) will try to approve a majority of the IPOs within three months of filing, the two regulatory sources said. Previously, such clearances sometimes took up to six months. “In a market that is overcrowded with issuers wanting to catch the right window to list, SEBI’s approach in recent times has helped ease the pressure,” said Madhurima Mukherjee Saha, partner at JSA Advocates & Solicitors. Read more

India’s market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources. The Securities and Exchange Board of India (SEBI) will try to approve a majority of the IPOs within three months of filing, the two regulatory sources said. Previously, such clearances sometimes took up to six months. “In a market that is overcrowded with issuers wanting to catch the right window to list, SEBI’s approach in recent times has helped ease the pressure,” said Madhurima Mukherjee Saha, partner at JSA Advocates & Solicitors. Read more

India’s market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking sources. The Securities and Exchange Board of India (SEBI) will try to approve a majority of the IPOs within three months of filing, the two regulatory sources said. Previously, such clearances sometimes took up to six months. “In a market that is overcrowded with issuers wanting to catch the right window to list, SEBI’s approach in recent times has helped ease the pressure,” said Madhurima Mukherjee Saha, partner at JSA Advocates & Solicitors. Read more

The market regulator is speeding up clearances of initial public offerings (IPOs), boosting an already strong pipeline of share sales that could hit a record this year, according to regulatory and investment banking officials. The Securities and Exchange Board of India (Sebi) will try to approve a majority of the IPOs within three months of filing, the two regulatory officials said. “In a market that is overcrowded with issuers wanting to catch the right window to list, Sebi’s approach in recent times has helped ease the pressure’ said Madhurima Mukherjee Saha, Partner at JSA Advocates & Solicitors. Read more