CYRIL AMARCHAND MANGALDAS
ET Circle: Cyril Shroff’s time-honoured lessons in law, legacy, and leadership and crafting timeless institutions
In this episode of the ET Circle multimedia series, discover what differentiates leading a legal services firm compared to a conventional business, the significance of a value system for building institutions that outlive physical assets, and enduring leadership lessons that blend the purity of purpose with resilience, the spirit to absorb adversities, and the vision to lead with empathy. Learn these invaluable insights from none other than Cyril Shroff, the Managing Partner at Cyril Amarchand Mangaldas, a legal services firm with a rich heritage spanning over a century.
NCLT admits personal insolvency plea against Rajkumar Dhoot of Videocon
The NCLT in Mumbai has admitted SBI's application against Rajkumar Dhoot of Videocon Group for a Rs 5,353-crore default by Videocon Industries, where Dhoot was a personal guarantor.
Facing parking space manipulation by the builder? MahaRERA empowers home buyers against the defaulting promoters
MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
Indian AI firms may face extra costs as EU’s AI Act kicks in
The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
ET Circle: Watch Cyril Shroff of Cyril Amarchand Mangaldas unravel his legacy in law and leadership
Wondering what’s the secret sauce to leading people-centric businesses, or what quality a leader must possess to lead people-centric businesses? The answer lies in empathy and emotional intelligence, which Cyril Shroff, Managing Partner at Cyril Amarc...
Law firm Cyril Amarchand Mangaldas opens Middle East office in Abu Dhabi
With this development, CAM will have six offices in India and three international offices at IFSC (GIFT City) and Singapore and Abu Dhabi Global Market (ADGM) in the UAE. ADGM is the international financial centre of the UAE’s capital city, Abu Dhabi. Located across Al Maryah Island and Al Reem Island.
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Making home abroad: Hybrid work for corporate honchos means moving to London, Dubai & Singapore
Key reasons stoking this trend include better infrastructure, quality of life, wealth preservation and growth. Many of these promoters told ET on the condition of anonymity that India is important as a growth market, but many countries outside offer ease of living.
Client data: Banks now fret over liability
Bank CEOs are tapping top legal minds, alerting their compliance teams, and discussing with each other to spot the pitfalls of the Digital Personal Data Protection Act (DPDPA) - a statute under which hundreds of crores of fines can be imposed on organisations for breaches.
Greater awareness helping staff report sexual harassment
There was a 31% increase in the number of complaints in FY23 versus FY22, show data of 370 of the BSE500 companies put together for ET by Complykaro, which advises companies on PoSH compliance. The increase was across sectors: IT (84%), financial services (27%), telecom (58%), manufacturing (50%) and metals (65%).
What the Data Protection Law means to streamline privacy for children
Backed by emotions, drama, hope, the latest version titled Digital Personal Data Protection Bill, 2023, was introduced in the lower house of Parliament this week. While it still has a few hoops to jump through, it feels like we are almost there.
Capital expenditure outlay hiked to Rs 10 lakh crore in Budget 2023-24
The centre on Wednesday gave a boost to infrastructure development and earmarked Rs 10 lakh crore as capital expenditure for financial year 2023-24. This is significantly higher than the Rs 7.5 lakh crore allocated in the fiscal 2022-23 of which around 60% has been spent till December-end.
How effective are market regulations in controlling manipulations through Twitter
The dramatic twists and turns of negotiating a corporate deal, which are typically confined to the boardrooms, were played out for the world at large, with Musk never shying away from expressing his views on the micro-blogging platform he wished to acquire.
IT companies tighten governance process and legal framework to fight rampant moonlighting
A crackdown is on against moonlighting at India’s IT companies. From random sampling of provident fund records, identifying prolonged absenteeism to video and physical audits of remote workspace, these companies are stepping up vigilance, according to experts at recruitment services and law firms.
IBBI amends regulations to boost value of stressed companies
The Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations with the "objective to maximise value in resolution" and they came into effect from September 16.
Bose Varghese of Infosys joins Cyril Amarchand Mangaldas to head the firm’s ESG practice
An alumnus of the University of Houston from the 1997 batch in Environmental Engineering and the University of Calicut from the 1990 batch in Chemical Engineering, Varghese was managing corporate sustainability/ESG and climate change programs for Infosys Ltd.
Govt amends rules for physical verification of companies' registered office addresses
Under the Companies Act, 2013, a Registrar of Companies (RoC) can do a physical verification of a company's registered office if he or she has a reasonable cause to believe that the company concerned is not carrying out business in a proper manner. Now, the process for such physical verifications has been put in place under the Act.
Ministry of Corporate Affairs introduces detailed CSR disclosure framework
Under the Companies Act, 2013, certain class of profitable entities are required to shell out at least 2 per cent of their three-year annual average net profit towards CSR activities in a particular financial year.
'Comprehensive dispute resolution mechanism will need specialised commercial courts within GIFT City'
Rajendra S Rele, Senior Director - Financial Institutions Group at Cyril Amarchand Mangaldas, on Wednesday said a comprehensive dispute resolution mechanism will be said to be in place only when there are specialised commercial courts within GIFT City with judges equipped with commercial knowledge.
Legal experts split over crypto regulation
Legal experts are divided over regulating crypto assets. While one section is advising the government not to take a hasty decision without understanding the use cases, the other is against continuing the status quo despite the difficulty in defining crypto.
DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO
Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co had made presentations before the Department of Investment and Public Asset Management (DIPAM) on September 24.
Govt eases listing norms for companies having over Rs 1 lakh cr m-cap
Such entities will be required to increase its public shareholding to 10 per cent in two years and raise the same to at least 25 per cent within five years.
Former officials from RBI, Sebi and IRDAI join law firm Cyril Amarchand Mangaldas
These three senior officials include RBI’s former executive director Lily Vadera, former executive director of Sebi, PK Nagpal and Nilesh Sathe, former Whole Time member of IRDAI.
Max Estates leases 80,000 sq ft to Cyril Amarchand Mangaldas at Noida Max Towers
Max Estates recently started construction of its third commercial realty project in Noida to be built at a cost of Rs 400 crore, having New York Life Insurance Company as a financial partner.
SBI initiates insolvency proceedings against Videocon promoters
In a petition filed by Videocon resolution professional Asish Narayan on behalf of the group's largest lender State Bank of India (SBI), insolvency petitions have been initiated against the Dhoots in their capacity as personal guarantors to recover dues from the company.
Cyril Amarchand Mangaldas appoints Arjun Goswami Director - Public Policy Practice
Before joining the Firm, he was with Asian Development Bank (ADB), Manila, Philippines as a Chief, Regional Cooperation and Integration Thematic Group (RCI) from 2009 and with ADB since 1996.
Cyril Shroff, Paridhi Karan Adani buy Rs 36 crore apartment in Mumbai's Worli
The project is nearly ready for possession and has applied for an occupation certificate from the civic authority. Many buyers have taken possession to start their interior and fit-out work.
Future Group deal: RIL says Shardul Amarchand Mangaldas, EY, Deloitte among advisors
It was also assisted by consultancy firms like Ernst & Young, Deloitte Haskins & Sells and Price Waterhouse & Co.
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