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Showing posts from October, 2022

Legal Capsule by SAMVĀD: PARTNERS

Dual Employment or Moonlighting in India ‘Moonlighting’ or dual employment, refers to the practice of taking up a second job, often covertly, outside normal business hours, while continuing to be formally employed with another employer. In India, moonlighting is often perceived as a way of acquiring an additional source of income and improving one’s skillset, especially amongst certain categories of skilled employment. With the introduction of ‘Work-From-Home’ (" WFH ”) policies during the pandemic, this concept appears to have gained traction recently and different companies have sought to address it - albeit in different ways, however, the concept of dual employment has been rampant in the unskilled sector in India, due to a lack of job security and low levels of income. The intent behind moonlighting therefore, clearly differs across sectors in the labour market. At the outset, there are limited provisions that actively restrict moonlighting. However, most companies adopt co

Legal Capsule by Acuity Law

Private placement memorandum Alternative Investment Funds (“AIFs”/ “Funds”) are privately pooled investment vehicles which collects funds from investors, whether Indian or foreign, for investing such funds in accordance with a defined investment policy for the benefit of their investors. AIFs in India are governed by the Securities and Exchange Board of India (Alternative Investment Regulations), 2012 (“AIF Regulations”) and regulated by the Securities and Exchange Board of India (“SEBI”). AIF Regulations are based on the premise that AIFs are a high-risk asset class, in which only sophisticated and well-informed investors participate. AIF Regulations, therefore, emphasize on the investors being informed of all material information regarding the AIFs and whenever any material changes are introduced therein, investor consent is sought prior to executing such changes. To read more about the structure of an AIF and key participants involved in the AIFs, please click here . Private Placeme