Service Overview
Spiritus Legal, Advocates and Legal Consultants, has an active Securities Law & Capital Markets practice covering the entire spectrum of capital markets activities for listed companies. Our lawyers have significant experience in transaction structuring, transaction advisory and regulatory matters. Being result oriented, our approach focuses on building a deep understanding of every client’s requirement and the complexity of their transactions in order to offer effective legal solutions.
Our Securities Laws & Capital Markets team acts as domestic counsel to fund raising programs such as IPOs, QIB placements, rights offerings, Institutional Placement Program, follow-on public offers. The team also acts as legal advisors to acquirer’s / merchant bankers in public takeovers, corporate restructuring (buy-backs, delisting, relisting, mergers, reverse mergers, demergers). We have conducted regulatory audits of listed companies and provided advice to promoters and institutions on secondary market transactions, including block deals. We frequently give clients advice on securities law matters, such as insider trading regulations, disclosures required under listing agreements to lessen the risk of legal action due to unfair business practises in the securities market, and corporate governance concerns. The team supports unlisted firms and their promoters by offering direction throughout the IPO preparation process and all post-IPO disclosure requirements.
Spiritus Legal provide advisory services to market intermediaries/investors like mutual funds, foreign institutional investors, stock brokers, merchant bankers, portfolio managers, depository participants, etc. in the area of regulatory compliances as required by the Securities and Exchange Board of India due to its unparalleled understanding of securities regulations. Our team also provides legal assistance by representing clients before the investigating authorities, the adjudicating officer and the Securities Appellate Tribunal.
Service Highlights
Spiritus Legal’s Securities Laws & Capital Markets practice covers the entire spectrum of capital markets activities. The team’s services include advising on:
- Substantial acquisition of shares/control (takeover) of a listed company
- Voluntary delisting by promoters and squeezing minority post delisting
- Company buybacks
- Offer for sale by promoters through stock exchange
- Amalgamations/demergers/restructuring involving listed companies
- Reverse merger (listing without an IPO)
- IPOs by unlisted companies (main board and SME)
- Fund raising by listed companies
- Follow-on public issue
- Rights issue
- Institutional Placement Program
- Preferential issues
- QIB placement
Potential regulatory issues under various SEBI regulations e.g. restructuring existing promoter shareholding, de-classification as promoter, disclosure requirements, pledge of shares, insider trading; and other interest like strategic exits (full/partial), further acquisitions, dilution;
Regulatory issues faced by intermediaries such as:
- Stock brokers;
- Commodity brokers;
- Mutual funds;
- Portfolio managers;
- Merchant bankers and Underwriters; and
- FIIs and Sub-accounts.