We are a family of strong 800+ people including 470+ professionals working from 14 locations across India.
We have a rich heritage and enduring legacy which are pivotal in shaping trust, excellence, and unparalleled legal expertise, thus building a strong reputation and a trusted brand.
We started in 1985 in a single room set up by the two founders with no prior experience of working in a law firm. Both the founders had outstanding academic records and focused on their deep understanding of the law to form the foundation of the firm.
Integrity, Knowledge and Passion are the principles that resonate with every member of our LKS family and the work that we do. These values drive us to build a community of legally sound professionals and well-serviced clients.
Everything we have accomplished over the last four decades is a result of our unique way of thinking which is deeply influenced by our core values and principles that define us.
We and our professionals consistently garner appreciation for the quality of our services and the depth of our legal expertise. This consistent acknowledgment serves as a testament to our unwavering commitment to exceed expectations.
We are pleased to present the latest edition of our quarterly newsletter, where we have covered significant amendments which are aimed at improving ease of doing business in India for stakeholders. On the foreign exchange front, there has been a major overhaul of the legal framework for overseas investment by resident Indians which is expected to usher in a liberalised regime by dispensing with the requirement of obtaining RBI approvals and thereby reducing compliance burden on Indian investors. It be noted that rules governing round tripping, deferred payments and investments made in financial services sector by Indian companies have been relaxed as the requirement of obtaining prior RBI approval with respect to the said actions has been done away with. The revised framework has redefined certain concepts such as ODI besides defining concepts such as foreign entity, step-down subsidiary, overseas portfolio investment, control and subsidiary.
SALIENT FEATURES
Limit for raising external commercial borrowings (“ECB”) under the automatic route increased
RBI introduces revised framework for overseas investment
Key amendments in Companies Act, 2013
Introduction of 9 Company forms on MCA21 V3 portal
Companies (Accounts) Fourth Amendment Rules, 2022
The Companies (Incorporation) Third Amendment Rules, 2022
Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022
Companies (Specification of Definition Details) Amendment Rules, 2022
Key amendments in Securities Law
Securities and Exchange Board of India ("SEBI") releases framework for social stock exchange
Zero coupon zero principal instruments declared as securities
Advisory under Regulation 46 and 62 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”)
Digital signature certificates to be used for announcements submitted by listed entities
