The current issue of Legal Eye gives an update on the recent material developments in the area of securities laws in India. Three important developments in recent times have been analyzed. The first article pertains to Multi Class Fund Structures which fall under the FII regulatory framework. This is followed by an analysis of the implications of a recent case concerning restrictive covenants in Shareholders' arrangements. The last article in this edition gives a gist of the AAR's ruling in the E*Trade case.
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