Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Mar 31, 2023

Amendment to Securities Contracts (Regulation) Rules

The MoF has amended Rule 19A(6) of the Securities Contracts (Regulation) Rules, 1957 (‘Securities Contract (Regulation) Rules’) by way of Notification dated January 02, 2023, granting power to the Central Government, in public interest, to exempt any listed entity in which the Central Government or the State Government or public sector company, individually or in combination, directly or indirectly, holds majority of the shares or voting rights or control of such listed entity, from the provisions of continuous listing requirements under Rule 19A(1) to (5) of the Securities Contract (Regulation) Rules. Earlier, the Central Government could exempt only a listed public sector company from such requirements. The Notification further specifies that such exemption is valid for the period specified therein irrespective of any change in control of such listed entity, post issuance of the exemption.

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DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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