Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

  • Connect
Sep 30, 2020

Recording of Encumbrances in Depository System

By its Circular dated July 24, 2020, SEBI has required depositories to implement (within one month of the Circular) a system for capturing and recording all types of encumbrances required to be disclosed under Regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (‘Takeover Regulations’), as the current system only provides a framework for pledges, hypothecations and non-disposal undertakings (‘NDUs’). Depositories have been advised to follow processes and other norms similar to those stipulated for NDUs. The Circular further provides that freeze and unfreeze instructions executed by depository participants for recording encumbrances will be subject to 100% concurrent audit and the depository participant will not facilitate or be party to any type of encumbrance outside this system.

TAGS

SHARE

Subscribe

DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

RELATED READING

Inter Alia

‘Fully Accessible Route’ for Investment by Non-Resident in Government Securities

Oct 30, 2024 | Financial Services Regulatory & Securities
Inter Alia

Frequency of Reporting of Credit Information by Credit Institutions to CIC

Oct 30, 2024 | Banking & Finance
Inter Alia

Tamil Nadu Implements Shops and Establishments Registration Requirement for Employers

Oct 30, 2024 | Employment Labour & Benefits