Overview
ELP has an active Securities Law & Capital Markets practice covering the entire spectrum of capital markets activities for listed companies. Our lawyers have significant experience in transaction structuring, transaction advisory and regulatory matters. Being result oriented, our approach focuses on building a deep understanding of every client’s requirements and the complexity of their transactions in order to offer effective legal solutions.
Our Securities Laws & Capital Markets team acts as domestic counsel to fund raising programs such as IPOs, QIB placements, rights offerings, Institutional Placement Program, follow-on public offers. The team also acts as legal advisors to acquirers / merchant bankers in public takeovers, corporate restructuring (buy-backs, delisting, relisting, mergers, reverse mergers, demergers). We have advised promoters and institutions on dealings in secondary markets including block deals and have undertaken regulatory audits of listed companies. We regularly advise clients on securities law issues pertaining to insider trading laws, disclosures under the listing agreements to mitigate the possibility of litigation arising out of unfair trade practices in the securities market and on corporate governance issues. The team handholds unlisted companies and their promoters by providing guidance from the preparatory stage for an IPO down to meeting all the post-IPO disclosure obligations.
Due to unparalleled understanding of securities regulations, ELP also provides advisory services to market intermediaries/investors like mutual funds, foreign institutional investors, stock brokers, merchant bankers, portfolio managers, depository participants etc. in the area of regulatory compliances that is prescribed by the Securities and Exchange Board of India. Our team also provides legal assistance by representing clients before the investigating authorities, the adjudicating officer and the Securities Appellate Tribunal.
Services
ELP’s Securities Laws & Capital Markets practice covers the entire spectrum of capital markets activities. The team’s services include advising on:
- Substantial acquisition of shares/control (takeover) of a listed company;
- Voluntary delisting by promoters and squeezing minority post delisting;
- Company buybacks;
- Offer for sale by promoters through stock exchange;
- Amalgamations/demergers/restructuring involving listed companies;
- Reverse merger (listing without an IPO);
- IPOs by unlisted companies (main board and SME);
- Fund raising by listed companies:
- Follow-on public issue;
- Rights issue;
- Institutional Placement Program;
- Preferential issues; and
- QIB placement.
- Potential regulatory issues under various SEBI regulations e.g. restructuring existing promoter shareholding, de-classification as promoter, disclosure requirements, pledge of shares, insider trading; and other interest like strategic exits (full/partial), further acquisitions, dilution;
- Regulatory issues faced by intermediaries such as:
- Stock brokers;
- Commodity brokers;
- Mutual funds;
- Portfolio managers;
- Merchant bankers and Underwriters; and
- FIIs and Sub-accounts.
- Setting up of intermediaries under various SEBI regulations;
- Issues relating to insider trading in general e.g. insider trading code of conduct for listed companies and intermediaries, monitoring and supervisory issues/chinese walls;
- Drafting responses to investigating authorities;
- Appearing before SEBI Adjudicating Officer, Securities Appellate Tribunal;
- Consent mechanism (compounding of offences);
- ESOPs for listed companies;
- Informal guidance;
- Takeover panel exemption;
- Public issue and private placement of debt securities by listed and unlisted companies and listing; and
- Opinions on various regulatory issues affecting listed companies/promoters and intermediaries registered with SEBI in relation to above.
Thought Leadership
Work likely to get affected as SAT now has only one member
5 Jan 2024 |
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From taking down Baap of Chart to a regulatory overhaul, 7 reasons ...
30 Dec 2023 |
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SAT emphasizes on need for fair procedure to levy penalties by exchange
30 Nov 2023 |
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A Compliance Officer Doesn’t Need Prying Eyes
30 Nov 2023 |
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Whether SEBI has the power to initiate multiple proceedings for the same ...
16 Jan 2023 |
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SEBI overhauls appointment, removal process of IDs
16 Nov 2022 |
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Modest success for new settlement scheme
18 Apr 2024 |
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Apex Court directs SEBI to disclose: Cherry-Picking not an option while adhering ...
16 Aug 2022 |
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Board gets more teeth: SEBI widens ambit to proceed against intermediaries
4 Aug 2022 |
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SEBI moves SC against stay on order rejecting Brickwork's consent plea
18 Apr 2024 |
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ELP Knowledge Series India Update Part 2 0f 2022
3 Jun 2022 |
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Rana Kapoor v. Securities and Exchange Board of India ‘Crossing’ into a ...
1 Apr 2022 |
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ELP Capital Markets Update: February 2022
26 Feb 2022 |
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ELP Knowledge Series – India Update Part 3 of 2021
24 Feb 2022 |
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Union Budget - An Analysis by Economic Laws Practice
1 Feb 2022 |
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ELP Knowledge Series – Part 2 of 2021
15 Sep 2021 |
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One Code To Rule Them All – Asian Legal Business India
28 Apr 2021 |
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ELP - Knowledge Series – Part 1 of 2021
27 Apr 2021 |
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Union Budget 2021: An Analysis
2 Feb 2021 |
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Union Budget 2020: An Analysis
2 Feb 2020 |
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ELP - Knowledge Series - India Update - Part 4 of 2019
22 Jan 2020 |
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ELP - Knowledge Series - India Update - Part 3 of 2019
3 Sep 2019 |
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ELP Knowledge Series - India Update Part 2 of 2019
7 May 2019 |
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ELP Knowledge Series - India Update Part 1 of 2019
19 Feb 2019 |
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Budget 2019: Judicial Reform Is What This Economy Needs Now
2 Feb 2019 |
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Interim Union Budget 2019 - An Analysis
1 Feb 2019 |
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ELP Knowledge Series - India Update Part 2 of 2018
10 Sep 2018 |
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ELP Regulatory Update
30 Mar 2018 |
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ELP Knowledge Series - India Update Part 1 of 2018
14 Jun 2018 |
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The firm has a well-established capital markets team, which also has expertise in financial regulatory matters.
