News

Fillip to CSR: Govt relaxes impact assessment fee cap for CSR projects, allows cos to spend over ₹50 lakh
  • Business Line - 22-09-2022

The Corporate Affairs Ministry (MCA) is taking several measures to give a further boost to CSR spending by corporates. The government has relaxed the impact assessment fee cap for CSR projects. This rule change would enable corporates to pay more than ₹50 lakh for impact assessment. Our Co-Founding Partner Sawant Singh said the latest move by the MCA, is likely to give a fillip to CSR activities and make it easier for companies to comply with their CSR obligations. He further shared, ‘Also expenditure booked for impact assessment need not be restricted to ₹50 lakh as a higher 2 percent threshold has been prescribed. These are all steps in the right direction.’

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Leading Lawyers
  • IFLR1000 - 21-09-2022

We are pleased to share that our lawyers have been ranked by IFLR1000 in its 2023 edition. Congratulations Abhishek Saxena, Saket Shukla, Sawant Singh, Harsh Arora, Pranav Srivastava and Aditya Bhargava.

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Ranked Practitioners
  • Asialaw - 19-09-2022

We are pleased to share that our lawyers have been ranked by asialaw in its 2023 edition. Congratulations Manjula Chawla, Abhishek Saxena, Saket Shukla, Sawant Singh, Aditya Bhargava and Harsh Arora.

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Industry Sector Rankings
  • Asialaw - 19-09-2022

Phoenix Legal is pleased to share that it has been ranked across several practice areas and various industry sectors by asialaw in their 2023 edition.

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Ranked Practice Areas
  • IFLR1000 - 19-09-2022

Phoenix legal is pleased to share that several of its practice areas have been ranked by the IFLR1000 guide in their 2023 edition.

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https://www.livemint.com/opinion/online-views/will-cci-concerns-further-delay-sony-zee-entertainment-merger-11662577487707.html
  • Business Line - 14-09-2022

Recently the #IBBI has brought in two key changes in the regulations around fees charged by resolution professionals (RPs). Our Associate Partner, Neha Naik in conversation with BusinessLine shared insights on the new changes.

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