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Clasis Law is a full service Indian law firm that is truly international in its experience and capability. Clasis Law has offices in New Delhi and…
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Clasis Law | India | 27 Sep 2022

Court provides guidance on copyright issues of dubbing

The Delhi High Court recently held that dubbing a movie based on work copyrighted by another person, to whom separate rights are assigned in relation to the copyrighted work, does not constitute infringement. The case concerned an assignment agreement under which the plaintiff was granted the Hindi remaking rights to a film, the rights to remake and dub the film in Hindi and the right to add......
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Clasis Law | India | 20 Sep 2022

Earnest money for purchase of land does not constitute "financial debt" under Insolvency and Bankruptcy Code

The National Company Law Appellate Tribunal (NCLAT) recently clarified whether the payment of earnest money for the purchase of land falls under the category of financial debt under section 5(8) of the Insolvency and Bankruptcy Code 2016. The NCLAT held that "[the] essential condition to be proved is that the debt is disbursed against the consideration for the time value of money and has a......
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Clasis Law | India | 2 Sep 2022

Overview of the Directions issued by cert-in related to cyber security

The Indian Computer Emergency Response Team ("CERT-In") which is the nodal agency to deal with cyber security threats, formed under the aegis of…
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Clasis Law | India | 27 Jul 2022

Representation of body corporates at general meetings of companies

The Companies Act, 2013 ("Act") defines the term 'Member' in relation to a company which, inter alia, includes every person whose name is entered in…
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Clasis Law | 19 Jul 2022

India M&A: Challenges in Cross-Border Mergers

"While the Companies Act 1956 (1956 Act) permitted an inbound merger,2 there was no provision for an outbound merger..."

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Clasis Law | India | 12 Jul 2022

Cannabis - the development of the regulatory and legal landscape and the investment opportunities in this sector

Cannabis in India has been known to be used since as early as 2000 BCE. In India, common terms for cannabis preparations include charas (resin)…
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Clasis Law | India | 7 Jul 2022

RBI amends M&A norms for non-bank payment system operators

The Reserve Bank of India (RBI) has, vide notification dated 4 July 2022 (Notification), amended the M&A norms for non-bank payment system operators…
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Clasis Law | India | 28 Jun 2022

Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

On 13 May 2022, the Securities and Exchange Board of India ("SEBI") decided to provide relaxation upto 31 December 2022, from Regulation 36 (1) (b)…
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Clasis Law | India | 28 Jun 2022

Declaration required from resident of neighbouring countries before incorporation of companies in India

MCA notified the Companies (Incorporation) Second Amendment Rules, 2022 ("Amendment") to further amend the Companies (Incorporation) Rules, 2014 vide…
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Clasis Law | India | 28 Jun 2022

Annual General Meetings (“AGM”) to be held through video conference till December 31, 2022

In continuation to the MCA's circular dated May 5, 2020, January 13, 2021, December 8, 2021 and December 14, 2021, the MCA vide its circular dated…
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