LEXSTREET ADVISORS LLP
SEBI RELAXATION IN JULY, 2020
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(a  Relaxation from compliance with provisions of the SEBI (Issue and Listing of Debt  Securities)  Regulations,  2008(“ILDS  Regulation”),  SEBI  (Non-Convertible Redeemable  Preference  Shares)  Regulations,  2013 (“NCRPS Regulations”) andSEBI Circulars relating to Listing of Commercial…
LEXSTREET ADVISORS LLP
Legal Updates
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A.   INSOLVENCY AND BANKRUPTCY CODE, 2016  V/s. Arbitration and Conciliation act, 1996 In the matter of Indus Biotech Pvt. Ltd. vs. Kodak India Venture Fund-I, NCLT, Mumbai Bench, referred the parties to Arbitration by allowing an application filed by the corporate debtor u/s 8 of the Arbitration & Conciliation Act, 1996 seeking…
LEXSTREET ADVISORS LLP
ACHIEVEMENTS IN 2018
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Our achievements in 2018... 1. Our law firm LexStreet Advisors LLP, Advocates & Solicitors, started by 3 highly experienced law professionals, successfully completed 4 years of operations. We made remarkable presence in legal fraternity in Mumbai & we expanded our operations to Ahmedabad, Baroda, Pune & New Delhi. 2. We, joined Mr. Bhumesh…
LEXSTREET ADVISORS LLP
INSOLVENCY AND SECTION 138 OF NIA MATTERS
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Landmrak Judgement by NCLAT Pendency of case U/S Section 138&141 NI Act amounts to admission debt, not existence of dispute under IBC NCLAT dismissed an appeal filed against the order of NCLT,New Delhi. NCLT had admitted the application filed by the respondent operational creditor U/S 9 of IBC & passed order of moratorium. The appellant corporate…
LEXSTREET ADVISORS LLP
DIAMOND INDUSTRY
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Diamond Industry - Loss of jobs About 20% of Surat’s diamond workers — nearly one lakh people — could lose their jobs over the next six months, Economic Times reports. The reasons range from the government’s recent move to raise import duty on diamonds and tighter norms for getting loans to the rupee devaluation. “A lot of diamonds which used to come…
LEXSTREET ADVISORS LLP
BUSINESS DEVELOPMENT
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Lexstreet Advisors LLP, Advocates & Solicitors, Mumbai & Gujarat and NOW New Delhi & Pune.We are growing. We are expanding to Pune city.In July, 2016, I created Whats app Group " Corporate Legal " comprising of 220+ senior professionals like Chartered Accountants, Corporate lawyers, In-house Counsels and Company Secretaries. First meeting…
LEXSTREET ADVISORS LLP
INSOLVENCY
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INSOLVENCY PROCEEDINGS AGAINST ANOTHER COLLECTIVE INVESTMENT SCHEME ( PONZY SCHEME). INSOLVENCY & BANKRUPTCY CODE, 2016 V/s. SEBI In yet another Ponzy Scheme of HBN Dairies & Allied Ltd, NCLT, Principal bench has triggered insolvency. RBI referred the case to SEBI for investigation for illegal mobilisation of funds. SEBI concluded that HBN,…
LEXSTREET ADVISORS LLP
MY INTERVIEW BY LAW & PRACTICE BLOG
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My interview taken by law and practice blog editor...for aspiring Corporate Lawyers.Link is given belowhttp://lawandpracticeblog.com/career-talk-jaydeep-mehta-designated-partner-lexstreet-advisors-llP
LEXSTREET ADVISORS LLP
SEBI PROPOSES STRINGENT RULES FOR AUDITORS, MONITORING AGENCIES ETC
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SEBI PROPOSES STRINGENT RULES FOR AUDITORS, VALUERS, MERCHANT BANKERS, LAW FIRMS... There are, certain other fiduciaries such as Practicing CAs, CSs, CMAs, Valuers, Monitoring Agencies, etc. that are neither registered nor regulated by SEBI. However, as per the various SEBI Regulations, they are engaged by the issuers, intermediaries, pool investment…
LEXSTREET ADVISORS LLP
BACK DATED RESIGNATION FROM DIRECTORS
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DIRECTORS' RESIGNATION - EFFECTIVE FROM BACK DATE -  DOES IT SERVE ANY PURPOSE..?....LEGAL POSITION UNDER CA, 2013. Recently many Directors of defaulter listed companies have issued resignation letters to the Board of their respective companies with a back date.  Let us look at legal provisions under the CA, 2013. Section 168 (2) of the CA,…
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