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Akshaya K

Associate in General Corporate Practice at the Bangalore Office of Cyril Amarchand Mangaldas. Akshaya can be reached at k.akshaya@cyrilshroff.com

Summary: This article examines the legal framework governing director removal under Section 169 of the Companies Act, analysing the balance between shareholder democracy and directorial protection through recent judicial pronouncements. It explores the procedural safeguards, compliance requirements, and practical challenges companies face when removing directors, especially if they are also shareholders.Continue Reading Removal of Director: Balancing Corporate Democracy with Procedural Safeguards

Special Rights to Shareholders: Analysis of Regulation 31B of SEBI LODR Regulations

Summary: This article analyses Regulation 31B of SEBI’s LODR Regulations, which requires listed companies to obtain shareholder approval every five years for special rights granted to certain shareholders, addressing concerns about perpetual rights that survive dilution. Whilst the regulation seeks to balance commercial flexibility with shareholder protection, its broad scope has generated debate about proportionality, with most companies deferring approval requests until the 2028 deadline.Continue Reading Special Rights to Shareholders: Analysis of Regulation 31B of SEBI LODR Regulations

Summary: This blog post provides an overview of the Maharashtra’s new Global Capability Centre Policy, approved in September 2025, which aims to position the state as India’s premier innovation hub by attracting 400 new GCCs. This policy is important because it transforms Maharashtra into a strategic competitor to traditional GCC hubs like Bangalore and Hyderabad, offering businesses substantial benefits including capital subsidies, tax exemptions, dedicated infrastructure, and access to a skilled talent pool, whilst supporting India’s broader vision.  Continue Reading Maharashtra Pushes Toward Claiming a Bigger Piece of the GCC Pie: MH GCC Policy 2025