Photo of Rajalakshmi Natarajan

Rajalakshmi Natarajan

Rajalakshmi Natarajan is an Of Counsel in the General Corporate Practice at CAM, Bangalore. She advises on mergers and acquisitions, including public and private transactions, as well as private equity and foreign investment matters. Rajalakshmi has extensive experience advising Indian and international companies, private equity funds, foreign institutional investors, and startups on complex transactions and general corporate matters, including listed company compliance. Prior to joining CAM, she was a Senior Associate in the international mergers and acquisitions team at Herbert Smith Freehills Kramer LLP, London, where she advised on cross-border transactions. She can be reached at rajalakshmi.natarajan@cyrilshroff.com

Decoding India’s Labour Codes: Strategic Insights for M&A Transactions

Summary: India’s consolidation of 29 central labour laws into four Labour Codes marks a landmark transformation of the country’s regulatory landscape, with far-reaching implications for M&A transactions. The introduction of Labour Codes is not just a compliance issue, but one that actively impacts deal making. While the Labour Codes promise a more streamlined compliance framework in the long term, the current transitional phase — where central rules remain unfinalised and most states are yet to implement the Labour Codes — introduces significant near-term complexity for dealmakers. In this blog, we aim to highlight some of these considerations, including on valuation impact, penalty enhancements and heightened due diligence requirements. This blog also serves as a summary of ongoing considerations for transactions in light of the new Labour Codes.

Continue Reading Decoding India’s Labour Codes: Strategic Insights for M&A Transactions

The ‘Appointed Date’ Conundrum – Has the MCA Now Resolved This?

‘Appointed Date’ versus ‘Effective Date’

A scheme of arrangement is usually conditional upon the satisfaction of specified conditions. The date on which the conditions to a scheme are satisfied is referred to as the ‘effective date’ of the scheme. Schemes often provide that once all conditions are satisfied, they shall be deemed to have become effective on an identified date (which is not necessarily the same as the effective date) – this is usually referred to as the ‘appointed date’ of the scheme. Accordingly, while the conditions to a scheme are satisfied on an effective date, the transactions under the scheme are deemed to have occurred on an appointed date.
Continue Reading The ‘Appointed Date’ Conundrum – Has the MCA Now Resolved This?