Sep 2024 – May 2025 · 8 mos · Mumbai, Maharashtra, India

Jul 2024 – Aug 2024 · 1 mo · New Delhi, Delhi, India

May 2024 – Jun 2024 · 1 mo · Bengaluru, Karnataka, India

• ▪ Analyzed the feasible routes of Foreign Debt Funding by non-residents in an Unlisted Private NBFC in India. Mind mapped the same in a tabular format, to form a note.
• ▪ Examined the Legal Framework on Co-Branding Arrangements, for issuance of Co-Branded Debit Card, Credit Card, and PPI. Prepared a note, listing down in brief the Legal Framework on Credit Cards, Debit Cards & PPIs and the legal framework on co-branding arrangement of Credit Card, Debit Card & PPIs. To gain clarity on grey areas, I raised a query with RBI and got clarification on the matter.
• ▪ Comprehensively analyzed the Co-Lending Arrangements, and subsequently prepared a note on the same, mind mapping all possible arrangements with the help of diagrams.
• ▪ Examined the framework for Finance Activities in GIFT City, to prepare a comprehensive note, that included the legal framework of GIFT City as well as the legal framework of Finance Companies (inc. Aircraft & Ship Leasing).
• ▪ Analyzed the practical flow of taking up a Foreign Currency Transaction in a Bank. Visited a bank to gain clarification on the whole process.

Apr 2024 – Apr 2024 · 0 mo · Noida, Uttar Pradesh, India

• ▪ Analyzed the concept of Stock Appreciation Rights (“SAR”), with the help of SEBI (Stock-Based Employee Benefits) Regulations, 2014 applicable to listed companies. Examined the feasibility of issuing SARs by an unlisted private company, as the same has been recognized as a grey area by the Company Law Committee Report. Explored SEBI Informal Guidance and Market Practice on the same.
• ▪ Analyzed with the help of precedents, whether Compulsorily Convertible Debenture (“CCD”) are debt instrument or equity instrument. Found the same to fall in the ambit of equity instruments. Further examined the process of issuance of CCDs by a Foreign Owned & Control Company (“FOCC”) resident in India (by default) to a Third Party Foreign Entity.
• ▪ Analyzed the difference between Securities Class Action and Shareholder Derivative Action in the United States. Examined with the help of US precedents, the right of shareholders to bring shareholder derivative action, where such shareholder held no stock at the time of mismanagement.

Mar 2024 – Mar 2024 · 0 mo · Mumbai, Maharashtra, India

• ▪ Analyzed the concept of “Material Non-Public Information” (MNPI), in the context of the United States, to explore Possible defense against Tipping Violations, by attacking all fundamental elements and additional elements required to constitute a tipping violation. Discovered favorable precedent applicable to facts and circumstances of the matter in question. Afterward, a brief on Possible Defences against Tipping Violation was prepared, wherein MNPI and essential elements that constitute tipping violation were explained, and possible defences against tipping violation were mind-mapped with the help of precedent.
• ▪ Examined the ambiguous relationship between the Clearing Corporation of an exchange and that of a Clearing Member, to determine through the membership registration documents whether such a relationship was of a Principal-Agent form or a Principle-Principle form, as such relationship lacks statutory clarity in India, unlike Europe, where the said relationship is in Principle-Principal Form
• ▪ Examined the erstwhile framework of Non-Banking Financial Companies (NBFCs) and the present scale-based framework for NBFCs, subsequently analysed the legal basis for Interest Rate Policy & Related Party Transaction Policy concerning Base Layer NBFCs and Middle Layer NBFCs, explored market practice on the same.

Feb 2024 – Feb 2024 · 0 mo · Mumbai, Maharashtra, India

• ▪ Navigated through the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to ascertain the obligatory nature of disclosing administrative warnings issued by SEBI to Directors/KMP to the Stock Exchange.
• ▪ Examined Non-NEAT Frontend Trading facility through NSE Consolidated Circular dated June 28, 2023.
• ▪ Explored Code of Advertisement for Stock Brokers, as laid down by front-line regulators, I.e. Stock Exchanges.
• ▪ Analyzed the process for pledging of securities for digital loans against securities.
• ▪ Explored the process of reclassification of promoters under SEBI(LODR) Regulations.
• ▪ Analyzed Companies Act, 2013, and Rules made thereunder, as well as SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to compile Legal Framework on the Board of Directors, as well as mapped the developments undertaken in the framework by way of amendments or precedents.

Oct 2023 – Oct 2023 · 0 mo · New Delhi, Delhi, India

• ▪ Assigned to the Team of Harish Kumar & Itee Singhal (Fintech & Financial Services | Regulatory | Private Equity & Investment Funds ).
• ▪ Analyzed International Financial Service Center Framework in India with the help of SEZ Act, 2005, International Financial Service Centre Authority Act, 2019 and other sources, including but not limited to the Rules & Regulations framed thereunder. Also examined, the perks and benefits of benefits awarded to entities setting up in IFSC (GIFT City).
• ▪ Meticulously reviewed Alternate Investment Funds in Domestic Tariff Area through SEBI (Alternate Investment Fund) Regulations, 2012, to probe the feasibility of AIF’s in Domestic Tariff Area.
• ▪ Examined International Financial Service Centre Authority (Fund Management) Regulations, 2022, to probe the feasibility of Family Investment Fund ( also known as Family Office).
• ▪ Analyzed SEBI Informal Guidance on Contra Trading dated July 25, 2023, given by SEBI on the application for informal guidance letter dated May 18, 2023, under the Securities and Exchange Board of India (Informal Guidance) Scheme, 2003, to assist in giving out regulatory updates.
• ▪ Examined Companies Act, 2013 with relevant rules and forms to list out in a tabular form the compliance required by a company to comply, along with relevant forms and penalties in case of a default.

Aug 2023 – Sep 2023 · 1 mo · Green Park, Delhi, India

• ▪ Assessed RBI Master Direction on import and export of goods to clear dues withheld due to disputes, financial difficulties, etc., to effectively clear such dues through Authorized Dealer Category – I bank.
• ▪ Assessed whether proceedings encapsulated in a Minutes of Meeting(MOM) may be regarded as a contract and whether or not a new Memorandum of Understanding (MOU) can supersede a preceding legally binding agreement.
• ▪ Meticulously reviewed the RBI Master Guidelines on settlement proposals for stressed assets, to determine that 10% of the total amount due and payable should be enclosed with the settlement proposal.
• ▪ Determined whether an Asset Reconstruction Company has the right to reject any settlement amount to discharge the debt on analysis of the RBI Master Guidelines on Asset Reconstruction Companies was conducted.

Jan 2023 – Feb 2023 · 1 mo · New Delhi, Delhi, India

• ▪ Under guidance of Ld. Adv. K.K. Jha, Senior Panel Counsel to Government of India at High Court of Delhi.
• ▪ Drafted Legal Briefs on questions of law & and emerging developments in law for giving out advisory and consultations to clients(Municipal Corporation, PSU's (Miniratna, Navratna, etc)), for keeping compliances mandatory by law in check and for compliance of necessary due diligence and legal procedure in each and every transaction. Assisted in the filing of cases, relating to appeals and challenging arbitral awards as well as assisted in Drafting plaints, rejoinders, statements of claims, legal notices, etc.
• ▪ Analyzed SEBI’s Guidance Note on SEBI (Issue and Listing of Municipal Debt Securities) Regulation, 2015 (also known as Municipal Regulations) dated July 29, 2020, to examine clarifications on due diligence and disclosure requirements under the Municipal Regulations.

Jul 2022 – Sep 2022 · 2 mos · Shastri Bhawan, New Delhi, Delhi, India

• ▪ Worked under the guidance and supervision of Senior Additional Legislative Counsel Shri Ramisetty Sreenivas (Indian Legal Service) in drafting the Legislative Bills, Regulation & Notification, such as Multi-State Co-operative Society Bill, Coffee (Promotion & Development) Bill, Tea (Promotion & Development) Bill, Rubber (Promotion & Development) Bill, Electricity (Amendment) Bill, Registration of Births & Deaths Bill, Lakshadweep Value Added Tax Regulation, Lakshadweep Emergency Fire Service Regulation, Lakshadweep Co-operative Societies Regulation, Lakshadweep Panchayat Regulation & PAT Notification.
• ▪ Researched on previous Legislative Precedents, such as Andaman & Nicobar Islands Value Added Tax Regulation.
• ▪ Researched and discussed policy issues and the importance of legislative procedure.
• ▪ To aid and assist the legislative procedure within the department, worked under various divisions of the Legislative Department such as,
• Legislative Sections, wherein examined the Legislative proposals for drafting – Bill, Ordinances, etc. Examination of proposals for legislation with regard to the requirement of recommendations of the President under articles 110, 117(1), 117(3), etc. Constitution Amendment Bill], General Elections, Bye Elections, Lok Sabha/ Rajya Sabha, Presidential / Vice – Presidential Elections. Election Law and Rules Private Member’s Bills Examination of references from President Sect. relating to disqualification of MPs and MLAs and putting up draft orders for consideration of the President.] & Matters relating to entries 5, 6, 7, 8, 9, 10, 11, 12, 13 and 28 in the concurrent list of the Seventh Schedule to the Constitution of India including personal laws. Office of Profit.]
• General Statutory Rules and Orders (GSRO) Section, Correction Section, Printing Section & Publication Section (India Code Section-Management & Revision of India Code & Constitution of India, etc).

Jun 2022 – Jul 2022 · 1 mo · Shastri Bhawan, New Delhi, Delhi, India

• ▪ Gave out legal opinions to various ministries and departments of Government of India.
• ▪ Advised various ministries and departments of Government of India on legal matters, such matters included vetting of tenders, contracts and RFP.
• ▪ Helped other ministries and departments in working with legal procedure effectively, while maintaining the efficiency.
• ▪ Gave out advisory opinion on constitutionality of upcoming policies and rules drafted by the Departments & Ministries of Government of India..
• ▪ Helped in due diligence of Government deals & transactions.
• ▪ Gave advisory and assisted in due diligence of projects, under the Make in India initiative and Atmanirbhar Bharat Abhiyan.
• ▪ Conducted research for giving out advisory on various questions of law, some of the questions that were looked upon and answered were:
• Seperate fee payable to Arbitral Tribunal for claims and counter claims, when interpreting the Schedule 4 read with Section 38(1), Section 31(8) and Section 31A of the Arbitration & Conciliation Act, 1996, in light of the judgement of NTPC Ltd. V. Afcons R.N. Shetty & Co. Pvt. Ltd., 2021 SCC Online Del 5588.
• Public servant's information relating to service and tax returns can be regraded as “Personal Information” and stand exempted from disclosure under Section 8(1)(j) of Right to Information Act, 2005, in light of the judgement of Girish Ramachandra Guha V. Central Information Commissioner & Ors,2012 SCC Online SC 1245.

Aug 2021 – Sep 2021 · 1 mo · Saket, Delhi, India

• ▪ Under guidance of Adv. Vinod Sharma, President, Saket District Court Bar Association, District & Sessions Court, Saket, Delhi.
• ▪ Managed case files and made brief notes on the same.
• ▪ Assisted in filing of cases, relating to bail application, criminal liability and frustration of contract.
• ▪ Assisted in drafting notice of appearance.
• ▪ Observed court proceedings and assisted in the same.
• ▪ Conduct Legal Research, on a range of topics such as:
• Registration of FIR, not mandatory for anticipatory bail, in light of Gurubaksh Singh Sibba V. State of Punjab, (1980) 2 SCC 565.
• Offense under Section 138 of Negotiable Instruments Act, 1881 can not be made out if cheques issued as security, it can only be made out if cheques issued are in discharge of debt/liability, as provided in the judgment of Sudhir Kumar Bhalla V. Jagdish, (2008) 7 SCC 137.
• Landlord Tenant disputes under Transfer of Properties Act could be arbitrable, if there is no specific forum created by rent control laws, as per Vidya Drolia and others V. Durga Trading Enterprises, Civil Appeal No. 2402 of 2019.
• Under Proviso to Section 49 of Registration Act, 1908, unregistered sale deed is tendered in evidence not as evidence of a completed sale but as proof of an oral agreement of sale, as provided in the judgment of S. Kaladevi V. V.R.Somasundram, AIR 2010 SC 1654.

May 2020 – Jun 2020 · 1 mo · New Delhi, Delhi, India

• ▪ Undertook Legal Research and Drafted Articles & Research Paper on diverse areas of law, including Banking & Insurance Law, Insolvency and Bankruptcy Law, Tax Law, Company Law, Contract Law and Stamp Law.
• ▪ Researched & Drafted a piece on "Whistle-blower Protection in India", wherein previous instances of whistleblowing were looked upon, including the Judicial guidelines and Legislative policy framework which emerged through these instances such as the Satyendra Dubey case.
• ▪ Analyzed the three notifications issued by the Ministry of Corporate Affairs on February 3, 2020, i.e. “Commencement notification dated 03.02.2020”, “National Company Law Tribunal (Amendment) Rules 2020” and “Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020”, relating to new takeover mechanism in unlisted companies. Subsequently drafted an article on the same while comparing the new takeover mechanisms with the takeover mechanisms in existence.
• ▪ Analyzed the Real Estate Regulations, such as Real Estate Regulatory Authority & Drafted a research paper on Regulating Real Estate in India, wherein a comparative analysis of Real Estate Regulatory Mechanism of different states of India was undertaken.
• ▪ Analyzed Board Structure of Companies, while comparing the board structures in India and Abroad. Drafted a research article on the same while recommending the necessary reforms.
• ▪ Other works relate to analyzing and drafting articles on how to manage the effects of pandemic. One specific work related to identifying the effects of pandemic on stamping/ collection of stamp duties and working out the possible solutions. While other works related to effects of pandemic on insurance industry.