Blogs – Bridgehead Law Partners

Blogs, Updates

Amendment to Section 43B of Income Tax Act, 1961: How it Benefits Micro and Small Enterprises

The Amendment Through a circular dated January 23, 2024, the Finance Ministry of India has amended Section 43B of the Income Tax Act, 1961 (“IT Act”). Section 43B of IT Act lists certain deductions which can be claimed only upon payment. The amendment has inserted a new sub-clause (h) which states that payments owed […]

Blogs, Updates

The EU AI Act: Shaping the Future of Artificial Intelligence

The EU AI Act, a groundbreaking development in the regulation of artificial intelligence, recently achieved provisional agreement, marking a pivotal moment in the governance of this transformative technology. Going beyond mere regulation, this comprehensive legal framework is poised to set international standards for AI development and deployment. This article explores the key aspects of the […]

Blogs, Updates

Regulatory Updates: Key Amendments to Companies Act and LLP Rules

The Ministry of Corporate Affairs has amended certain rules under the Companies Act, 2013 and the Limited Liability Partnership Act, 2009. A brief description of the changes are set out below: Every Company to have a designated person for providing information to the ROC in relation to beneficial interest in shares of the company […]

Blogs, Updates

DIGITAL PERSONAL DATA PROTECTION ACT, 2023: A FAQ

The Digital Personal Data Protection Act, 2023 (“DPDP Act”) is a new law in India that regulates the processing of personal data. This FAQ provides a brief overview of the DPDP Act, including its key definitions, the rights and duties of data principals and data fiduciaries, and the penalties for violating the Act. What […]

Blogs

Navigating a Shareholders Agreement – Part 3 – Anti Dilution

The shareholding percentage of a shareholder reflects the investment value of a shareholder. Commonly, a shareholder’s rights are tied to his shareholding percentage, special rights may be provided to a shareholder due to his higher shareholding percentage, and such rights fall away if such shareholder’s shareholding drops below a certain threshold. In an […]

Blogs

Navigating a Shareholders Agreement – Part 2 – Drag Along and Tag Along Right

One of the main aspects of a shareholders agreement for an investor is the mechanism through which the investor will be able to sell his shares and see the colour of money. Part 2 of this knowledge series covers the mechanism of Drag Along Right and Tag Along Right which are important mechanism pertaining to […]

Blogs

Navigating a Shareholders Agreement – Part 1 – Right of First Offer and Right of First Refusal

A Shareholders Agreement or SHA as commonly known, is a critical transaction document in an investment transaction, it governs the rights of the shareholders of a company, provides the manner in which shareholders can deal with their shares and other important matters concerning the management and operations of the company. This knowledge series seeks […]

Blogs

Legal Safeguards for a Company – Part 3 – Contracts with Service Providers

Knowledge Series Part 3 of 3 Part 3 – Contracts with Service Providers – Key points to consider Scope of Work and Fees: In most cases, disputes arise as expectations were not correctly set in the beginning, and both parties have a different expectation from the arrangement. It is important that both parties are aligned […]

Blogs

Legal Safeguards for a Company – Part 2 – Contracts with Customers

Knowledge Series Part 2 of 3 Part 2 – Contracts with Customers – Key points to consider Scope of Work and Fees: In most cases, disputes arise as expectations were not correctly set in the beginning, and both parties have a different expectation from the arrangement. It is important that both parties are aligned from […]

Blogs

Legal Safeguards for a Company – Part 1 – Employment Agreements

Knowledge Series Part 1 of 3 Part 1 – Employment Agreements – Key points to consider Job Description and Remuneration: Responsibilities of an Employee and terms of remuneration form the basis of an Employment Agreement. It is important that the Employee and the Company are aligned from the beginning on these points. Employee’s roles and […]

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