Finance Regulations

Category: Finance Regulations

Update: Issuance of Convertible Notes By Start-Up Companies in India

Introduction In recent times, convertible notes have become a popular instrument of fund-raising for start-up companies, particularly at the seed stage. A convertible note is essentially a short-term debt that converts into equity, typically linked to a future financing round. While convertible notes are structured as debt instruments and include terms like maturity date and…

InFinance Regulations Fintech

PROTECTING THE “INTERMEDIARY”: CURRENT LAW TRENDS

The Government of India has issued a draft e-commerce policy titled Electronic Commerce in India:Draft National Policy Framework, 2018. This inter alia proposes to revisit and modify the exemption from liability granted to intermediaries under Section 79 of the Information Technology Act, 2000 (“I.T Act”). In this note, we highlight the current exemptions given to…

InFinance Regulations

PRACTICE NOTE: THE CATEGORY II AIF

Alternative investment funds (“AIFs”) are regulated by the Securities and Exchange Board of India (“SEBI”) which is the regulator of the Indian securities market. In particular, the SEBI (Alternative Investment Funds) Regulations, 2012, (“AIF Regulations”) govern the formation as well as investment criteria of AIFs. In effect, any privately pooled vehicle established in India which…

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