Author: Legal Parivar

Ambuja Cements Limited, part of the Adani Group and one of India’s leading cement manufacturers, has received approval from the National Company Law Tribunal (NCLT), Ahmedabad Bench, to proceed with the next steps in the amalgamation of Penna Cement Industries Limited with Ambuja Cements. Tribunal Order and Shareholder Meeting Details The NCLT order, dated October 31, 2025, directs Ambuja Cements to convene a meeting of its equity shareholders via video conferencing on December 30, 2025, at 11:00 a.m. IST, to approve the proposed Scheme of Arrangement for amalgamation. The appointed date for the merger is August 16, 2024. The Tribunal…

The Federal Bank Limited has announced the allotment of 3,98,444 equity shares to employees under its Employee Stock Option Schemes (ESOS), as approved by the Nomination, Remuneration, Ethics and Compensation Committee. According to the bank’s filing with the BSE and National Stock Exchange (NSE), the allotments were made upon receipt of consideration from eligible employees exercising their stock options. The breakdown of the allotment is as follows: Following this allotment, the newly issued shares will rank pari passu with the existing equity shares of the bank in all respects. The company’s Secretary, Samir P. Rajdev, confirmed the allotment in the…

Ahmedabad, November 2, 2025: Adani Total Gas Limited (ATGL) announced that Mr. Shailesh Haribhakti has completed his term as an Independent Director of the company, effective from the close of business hours on November 2, 2025. The company, in a filing to both the BSE and the National Stock Exchange (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirmed the cessation and expressed appreciation for Mr. Haribhakti’s valuable contributions and guidance during his tenure. In its official statement, Adani Total Gas said, “The Board of Directors and the Management of the Company place on…

India’s exports to the United States have continued their downward slide for the fourth straight month, plunging 37.5% between May and September 2025, as steep US tariff hikes hit multiple sectors, according to an analysis by the Global Trade Research Initiative (GTRI). Exports to India’s largest trading partner fell from USD 8.8 billion to USD 5.5 billion during the period — one of the sharpest short-term declines in recent years. The GTRI report attributed the fall to the series of tariff increases imposed by the US beginning April 2, 2025, when duties started at 10%, rose to 25% in early…

Chief Justice of India-designate Justice Surya Kant on Sunday called upon members of the legal community to uphold empathy and compassion while dealing with those seeking justice. Speaking at the 125th Foundation Day celebration of the Oudh Bar Association (OBA) at the Lucknow Bench of the Allahabad High Court, Justice Kant emphasized that both the Bar and the Bench play an equally vital role in the administration of justice. “For the weak and poor, the Bar is the first stop for access to justice. When someone approaches the court seeking justice, their first interaction is with a lawyer. Therefore, lawyers…

Mass layoffs have become increasingly common across industries — from tech to manufacturing — leaving thousands of skilled professionals suddenly facing job insecurity. While losing a job can be an emotional and financial setback, it can also be a turning point for career reinvention. The key lies in adopting a structured job search strategy, optimizing your professional presence, and actively rebuilding momentum. Here’s a practical, step-by-step guide to help professionals bounce back stronger after layoffs. 1️⃣ Job Search Strategy: Create a Structured Plan for Momentum Instead of sending out random job applications, build a systematic plan with measurable goals. ✅…

In India, corporate borrowing and asset-based financing are closely regulated to ensure transparency and protect creditors’ interests. The Ministry of Corporate Affairs (MCA) mandates companies to disclose all charges — that is, any form of security or lien created on their assets — to the Registrar of Companies (RoC). This disclosure framework, governed by the Companies Act, 2013, relies primarily on two key e-forms: Failure to comply with these filings can lead to severe penalties, affect a company’s creditworthiness, and complicate future fund-raising or asset transfers.File your Form CHG-1 and CHG-4 compliances seamlessly with Legal Parivar. 🏦 Form CHG-1: Registration…

As India’s corporate and technology sectors continue to navigate economic pressures, a new HR buzzword has quietly emerged — the “silent layoff” or “quiet firing.” While the term sounds informal, its implications are far from harmless. It represents a growing ethical and legal challenge for companies that attempt to sidestep the formalities and costs of a legitimate layoff process. Under Indian law, there is no such legal category as a “silent layoff.” Any form of employment discontinuation must fall within the defined parameters of labour law — primarily under the Industrial Disputes Act, 1947 (IDA) or the employment contract —…

Employee Stock Option Plans (ESOP ‘s) have become a vital part of compensation in India’s startup ecosystem. They help young companies attract top talent, retain key employees, and align incentives with long-term growth. However, the regulatory, compliance, and taxation aspects surrounding ESOPs are evolving rapidly, and both employers and employees need to stay updated. This guide explains the latest ESOP rules, compliance requirements, and tax implications for 2025 — designed for startup founders, HR teams, and employees to understand how to structure, manage, and report ESOPs effectively. What’s New in 2025 Regulatory Framework The ESOP process is governed by multiple…

Transactions through the Unified Payments Interface (UPI) reached a new record high in both volume and value in October, driven by strong festive season spending and economic policy support, according to data from the National Payments Corporation of India (NPCI). Market participants attributed the surge to increased consumer spending during the festive period, further supported by the rollout of Goods and Services Tax (GST) 2.0 and the income-tax relief announced in the Union Budget. In terms of numbers, UPI transactions grew nearly 25% year-on-year, touching 20.70 billion in October. The total transaction value stood at ₹27.28 lakh crore, NPCI data…