AZB has a deep understanding of governance related issues, many of which are unique to India. We understand that being one of the prominent law firms in India, we are responsible for taking part in public policy initiatives. As such, there has been a substantial increase in the participation by members of AZB in regulatory committees. Please see below a list of memberships and affiliations that some of our members are currently / or have been previously a part of:

  • Member, Governing Board of the International Council for Commercial Arbitration (ICCA) (2017 till date)
  • Invitee to the SEBI Working Group on redrafting the SEBI (Foreign Portfolio Investors) Regulations, 2014 under the Chairmanship of Shri. Harun R. Khan (2018 – Present)
  • Foreign Arbitrator, Panel of Arbitrators of the China International Economic and Trade Arbitration Commission (CIETAC) (2017 till date)
  • Member, various advisory committees of the Confederation of Indian Industry (CII) including its National Council and its committees on Corporate Governance, Financial Services, Capital Markets and Legal Services
  • Special Invitee Member, Competition Law Review Committee, formed by the Ministry of Corporate Affairs, that is in the process of reviewing the Competition Act, 2002, to suggest any changes (2018)
  • Member, Committee on Corporate Governance formed by SEBI under the chairmanship of Uday Kotak (2017)
  • Panel of experts, set up by the Law Commission of India on ‘Amendment to the Arbitration and Conciliation Act, 1996,’ to review the provisions of the Act in view of the several inadequacies observed its functioning (2014)
  • Member, Reserve Bank of India (RBI) Committee on Comprehensive Financial Services for Small Businesses and Low–Income Households, chaired by Dr. Nachiket Mor (2013)
  • Member, Committee on Rationalisation of Investment Routes and Monitoring of Foreign Portfolio Investments formed by SEBI, under the chairmanship of Shri K.M. Chandrashekar (2013)
  • Member, Godrej Committee on Corporate Governance set up by the Ministry of Corporate Affairs (2012)
  • Member, World Bank Administrative Tribunal, Washington D.C. (2007 – 2012)
  • Vice President and Member of the London Court of International Arbitration (LCIA) (2010 – 2013)

Bahram N. Vakil

 

  • Member, International Insolvency Institute (III), a non-profit, limited membership organization set up to promote greater international cooperation and coordination in the insolvency field through improvements in the law and in legal procedures (2019)
  • Member, Task Force on the Development of Secondary Market for Corporate Loans set up by the RBI (2019)
  • Member, Dr. T. K. Viswanathan Committee on Bankruptcy Law Reforms, constituted by the Ministry of Finance, Government of India, to draft the Insolvency and Bankruptcy Code (2015)
  • Member, Financial Sector Legislative Reforms Committee, SEBI Advisory Group (2011)
  • Member, U.K. Sinha Committee – Working Group on Foreign Investment in India, set up by the Ministry of Finance, Government of India (2010)
  • Member, Company Law Committee, constituted by the Ministry of Corporate Affairs, Government of India (2019)
  • Member, Confederation of Indian Industry (CII) Economic Growth and Investments Council (2012 – Present)
  • Member, Board of Governors of the Indian Institute of Corporate Affairs (IICA), nominated by the Ministry of Corporate Affairs, Government of India (2017 – Present)
  • Member, the Appellate Panel, formed by the Institute of Insolvency Professionals of ICAI (IIIPI), set up to address disciplinary issues pertaining to insolvency professionals (2017 – Present)
  • Chairman, the CII Task Force on Judicial Reforms (2019 – 2020)
  • Members, Committee to review the offences under the Companies Act, 2013, constituted by the Ministry of Corporate Affairs, Government of India (2018)
  • Member, Committee to simplify the provisions of the Income Tax Act, 1961, constituted by the Ministry of Finance, Government of India (2015)
  • Member, Limited Partners + Manage in India Council, Indian Private Equity & Venture Capital Association (IVCA) (2018 – Present)
  • Invitee to the SEBI Working Group on redrafting the SEBI (Foreign Portfolio Investors) Regulations, 2014 under the Chairmanship of Shri. Harun R. Khan (2018 – Present)
  • Invitee to the SEBI Working Group to reconcile the SEBI (Mutual Funds) Regulations, 1996 with the Companies Act, 2013 and the Insolvency and the Bankruptcy Code, 2016 (2018 – Present)
  • Member, Investment Funds Committee, International Bar Association (2014 – 2018)
  • Special Invitee Member, Competition Law Review Committee formed by the Ministry of Corporate Affairs, that is in the process of reviewing the Competition Act, 2002 to suggest any changes (2018)
  • Member, Confederation of Indian Industry (CII) delegation that appeared before the Parliamentary Standing Committee on Finance on the proposed amendments to the Competition Act (2012 – 2013)
  • Member and Journal Editor, Antitrust Committee of the International Bar Association (2012)
  • Member, Special Operations Group of the Section on Antitrust Law of the American Bar Association (2012)
  • Non–governmental adviser, ICN and also involved in formulating a framework competition policy for the Islamic Republic of Afghanistan (2010)
  • Additional Commissioner of Income Tax, Indian Revenue Service (“IRS”), Income Tax Department, Government of India (1986 – 2006)
  • Visiting Faculty on International Taxation/Transfer Pricing at IRS Officers’ Training Institute of Government of India (National Academy of Direct Taxes)
  • Invitee to the SEBI Working Group on redrafting the SEBI (Foreign Portfolio Investors) Regulations, 2014 under the Chairmanship of Shri. Harun R. Khan (2018 – Present)
  • Invitee to the SEBI Working Group to reconcile the SEBI (Mutual Funds) Regulations, 1996 with the Companies Act, 2013 and the Insolvency and the Bankruptcy Code, 2016 (2018 – Present)
  • Member, Committee formed by the Indian Private Equity & Venture Capital Association (IVCA) to implement the request from SEBI to standardize the private placement memorandum for all Alternative Investment Funds (2018 – Present)
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