article-image

“SEBI ENHANCED THE PROMOTERS CREEPING ACQUISITION LIMIT FROM 5% TO 10% DURING COVID-19 CRISES”

by Abhishek Bansal I Partner, Iram Naaz I Senior Associate

With a view to facilitate the listed companies to raise funds during COVID-19, the SEBI vide its notification dated June 16, 20201 has relaxed the provisions of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 (‘Takeover Code’), which shall come into force from the date of notification.

article-image

-Doctrine of Severability- How Operates?-

by Abhishek Bansal I Partner, Pavish Singhla I Senior Associate

Severability Clause, or Separability Clause, a boilerplate clause often finds its little space in the last pages of a contract. This clause, since bearing considerable implications, is never overlooked by the parties to a contract. The Severability Clause is based on the ‘Doctrine of Severability’ or ‘Doctrine of Separability’, in according to which, in the event, any provision of a contract is rendered illegal or void, and therefore, not enforceable, the remaining provisions shall be severed and enforced independent of the unenforceable provision, provided such severance does not adversely affect the effectuation of the intention of parties to such contract.

article-image

-Doctrine of Severability- How Operates?-

by Abhishek Bansal I Partner, Pavish Singhla I Senior Associate

Severability Clause, or Separability Clause, a boilerplate clause often finds its little space in the last pages of a contract. This clause, since bearing considerable implications, is never overlooked by the parties to a contract. The Severability Clause is based on the ‘Doctrine of Severability’ or ‘Doctrine of Separability’, in according to which, in the event, any provision of a contract is rendered illegal or void, and therefore, not enforceable, the remaining provisions shall be severed and enforced independent of the unenforceable provision, provided such severance does not adversely affect the effectuation of the intention of parties to such contract.