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India’s New Companies Law- Impact on M&A and Private Equity
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| Wednesday, September 25, 2013, 6 PM TO 8:30 PM (IST) |
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MUMBAI - BKC AUDITORIUM, Nishith Desai Associates, 2nd Floor, 3, NORTH AVENUE, MAKER MAXITY, BANDRA-KURLA COMPLEX, MUMBAI- 400 051, India |
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| INTRODUCTION |
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The much awaited Companies Act, 2013, ("Act") which is set to replace the existing Companies Act, 1956, was passed by the upper house of the Parliament on August 8, 2013 and received the Presidential assent on August 29, 2013. Further in exercise of the powers conferred under the Act, the Central Government of India has notified 98 sections of the Act, which have come into effect from September 12, 2013. In an effort to keep the process rolling, the Ministry of Corporate Affairs has also released the first set of draft rules pertaining to 16 chapters of the Act. These draft rules are currently placed on an e-platform for receiving suggestions and comments from stakeholders. |
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The Act proposes substantial changes to the existing companies law in India. We will be analysing the impact of the new law on various stakeholders involved in M&A and private equity investments in India and discuss the changes in the law relating to M&A, shareholders rights, duties of directors and corporate social responsibility.
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Join us for an interactive Round Table + Webinar as we examine the “India’s New Companies Law- Impact on M&A and Private Equity”
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Focus Area |
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Private Equity
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Transferability of Shares |
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Definition of "subsidiary" |
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Listed Companies |
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Control |
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Voting Rights |
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o Rights of Preference Shareholders |
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o Differential Voting Rights |
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o Entrenchment Provisions |
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o Voting on Related Party Matters |
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Applicability of Preferential Allotment to Private Companies |
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Exit Options to Investors |
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Class Action Suits |
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Board and Governance Issues |
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o Number of Directors |
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o Independent Directors |
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M&A |
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Restriction on Multi-Layered Structure |
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Cross Border Mergers |
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Merger of Small Companies with their Parent |
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Reverse Mergers |
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Squeeze Outs |
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Corporate Social Responsibility |
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Speakers |
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| Vaibhav Parikh |
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Nishchal Joshipura |
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Partner, M&A & Fund Investment, Nishith Desai Associates
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Partner, M&A & Fund Investment, Nishith Desai Associates
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Vaibhav Parikh is a partner and heads the Bangalore office of Nishith Desai Associates. In addition to his management responsibilities,
he heads the Fund Investment practice of the firm. He is also regarded as an expert in IT, Telecom and Media. He has been nominated by
‘Who's Who Legal’ as one of the world's leading practitioners for Regulatory Communications. He is a Charter Member of TiE, Bangalore Chapter and is also on the executive council of the Franchising Association of India
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Nishchal Joshipura is a partner in the firm. He heads the Mergers & Acquisitions Practice Group at Nishith Desai Associates.
He specializes in legal and tax structuring of cross-border transactions and assists clients on documentation and
negotiation of mergers and acquisition (M&A) deals. He also handles private equity / venture capital transactions.
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| Simone Reis |
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Co-Head - M&A,
Nishith Desai Associates |
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Simone Reis is Co-Head of the Mergers & Acquisitions practice and also a senior member of the Fund Investment practice of the firm. She focuses on Mergers & Acquisitions, competition law,
private equity and venture capital investments, domestic and international, capital markets, general corporate
laws and also advises a wide spectrum of clients.
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Flow of the session
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6:00 PM TO 6:30 PM (IST): |
Registration |
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6:30 PM TO 7:45 PM (IST): |
Webinar |
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7:45 PM TO 8:30 PM (IST): |
Q & A |
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Partner |
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| Indian Private Equity and Venture Capital Association (IVCA) |
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Indian Private Equity and Venture Capital Association (IVCA) is the oldest, most influential and largest member-based national organization of its kind. It represents venture capital and private equity firms to promote the industry within India. It seeks to create a more favorable environment for equity investment and entrepreneurship. It is an influential forum representing the industry to governmental bodies and public authorities.
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IVCA members include leading venture capital and private equity firms, institutional investors, banks, corporate advisers, accountants, lawyers and other service providers to the venture capital and private equity industry. These firms provide capital for seed ventures, early stage companies, later-stage expansion and growth finance for management buyouts/ buy-ins. |
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Magazine
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Lex Witness |
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India’s 1st Magazine on Legal & Corporate Affairs |
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LEX WITNESS vows to be a high quality monthly magazine with the powers of fresh and original content that would deal exclusively with subjects pertaining to legality. Country's top notch practitioners and experts are being invited to contribute in WITNESS with what we feel is relevant to all stakeholders in this profession, aiming at brainstorming between the legal luminaries and hence bettering this practice in all its aspects. |
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Participants who cannot attend in person, may dial-in to the numbers below at 6:25 pm (IST) |
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| Location (Country): |
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| New York (USA):
Wednesday, 25 September 2013, 08:55:00 EDT UTC-4 hours
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| Silicon Valley
(USA):
Wednesday, 25 September 2013, 05:55:00 PDT UTC-7 hours
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| Singapore:
Wednesday, 25 September 2013, 20:55:00 SGT UTC+8 hours
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| London (UK):
Wednesday, 25 September 2013, 13:55:00 BST UTC+1 hour
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| Tokyo (JAPAN):
Wednesday, 25 September 2013, 21:55:00 JST UTC+9 hours
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| Munich (GERMANY) :
Wednesday, 25 September 2013, 14:55:00 CEST UTC+2 hours
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Dial–in Details |
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Primary Number: +91 22 6629 0347 |
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Secondary Number: +91 22 3065 0347 |
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For participants who can attend in-person, |
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please join us at the venue by 6:00 pm (IST) |
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| Venue (in-person): |
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Nishith Desai Associates
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MUMBAI – BKC AUDITORIUM
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| 2nd Floor, 3, North Avenue, |
| Maker Maxity, Bandra - Kurla Complex |
| MUMBAI- 400 051, India |
| Tel: +9122-6159 5000 |
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| RSVP : |
| Email : rsvp@nishithdesai.com |
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| About Nishith Desai Associates |
| www.nishithdesai.com |
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| Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, Mumbai-BKC, New Delhi and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner. |
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| Core practice areas include Mergers & Acquisitions, Fund Investments, International Tax, International Tax Litigation, Fund Formation, International Litigation & Dispute Resolution, Corporate & Securities Law, Capital Markets, Employment and HR, Intellectual Property, Competition Law, JVs & Restructuring, General Commercial Law and Succession and Estate Planning. Our specialized industry niches include financial services, IT and telecom, education, retail, pharma, life sciences, healthcare, media and entertainment, real estate and infrastructure. |
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