Trilegal partner promotions down to one as Ashwyn Mishra promoted to head corporate M&A practice [Bar and Bench]

Luthra and Luthra to represent foreign hedge fund investor and 1 per cent stakeholder in CIL – TCI which alleges mismanagement by CIL board and violation of BIT by Indian govt [Mint] [Money Control] Luthra also acted for CIL IPO in 2011

SC steers clear of banking business, dismisses PIL seeking mandatory photos and signatures on ATMs, debit cards and credit cards [ET]

Katju wary of parallel bureaucracy “Frankenstein Monster” in Lokpal Bill, recommends standing committee referral [The Hindu]

New SEBI guidelines for stock exchanges on high frequency algorithmic trading: Economic disincentives and manual quantity checks against high daily orders, price checks, routing through Indian servers, permits, per order cap [Money Control] [Guidelines]

New FEMA guidelines on overseas investments of resident individuals: Can acquire foreign shares to become director, or for collecting compensation for professional services, or through ESOP scheme [RBI Notification]

RBI notification clarifies that NBFC certificate shall be granted only for actually conducting NBFC activities, instead of to dormant NBFCs [Indian Corporate Law] [Notification]

The US eases regulatory restrictions on its start-ups by passing the JOBS, Act [Economist]