Tuesday, 16 May 2017

Ex-LLS, Shabnam joins Alpha as IP partner


We are delighted to announce that Shabnam Khan has joined Alpha Partners as an Associate Partner. She is a partner and head of intellectual property practice of the firm.

Shabnam Khan has obtained her law degree from Delhi University and is enrolled as a member of the Bar Council of Punjab and Haryana. With over 13 years of work experience as an Intellectual Property lawyer, she is the Partner and Head of the intellectual property practice of the firm. Prior to joining Alpha, Shabnam was a partner with Lall, Lahiri and Salhotra, a leading Intellectual Property firm in India.

Shabnam’s practice focuses on legal and commercial aspects of trademarks, copyrights, patents and other Intellectual Property rights services including advise on pre litigation Intellectual Property matters. Shabnam advises clients in sectors such as pharmaceutical, healthcare, hospitality, real estate, ecommerce and technology, FMCG, oil and gas, education, and is also advising government departments/organizations in developing, protecting and strengthening their brands in India. She also advises clients regarding the protection of their IP in other jurisdictions through associate attorneys’. Shabnam has also advised clients on data privacy and data protection issues and she has handled trademark portfolios of a number of fortune 500 companies assisting and advising them regularly with their brand watches, clearance and protection in India.

Shabnam has attended several international conferences and has authored a number of articles in various leading legal and IP publications. She has been featured in the Superlawyer portal and also advises start-ups and various NGOs, on a pro bono basis.

She can be contacted at shabnam@alpha-partners.org


Sunday, 7 May 2017

Reported Comments

RERA Updates May 2017

RERA Updates May, 2017

On May 1, 2017, the state of Haryana has notified the draft Haryana Real Estate (Regulation and Development) Rules, 2017.

On May 1, 2017, the state of Bihar has notified Bihar Real Estate (Regulation and Development) Rules, 2017

On May 2, 2017, the state of Kerela has notified Kerela Real Estate (Regulation and Development) Act, 2015.


On May 2, 2017, the state of Rajasthan has notified Rajasthan Real Estate (Regulation and Development) Rules, 2017.

RERA Updates April 2017

On April 17, 2017, following regulations have been notified:

State/UT
Relevant Rules/notifications
Gujarat 

Odisha


On April 20, 2017, rest of all of the provisions of the Act, whichever not notified in April, 2016, have now been notified to come into effect from May 1, 2017.

On April 20, 2017, state of Maharashtra has notified the Maharashtra Real Estate (Regulation and Development) (Recovery of Interest, Penalty, Compensation, Fine payable, Forms of Complaints and Appeal, etc.) Rules, 2017 and Maharashtra Real Estate (Regulation and Development)(Registration of real estate projects, Registration of real estate agents, rates of interest and disclosures on website) Rules, 2017, Maharashtra Real Estate Appellate Tribunal Officers and Employees (Appointment and Service Conditions) Rules 2017, Maharashtra Real Estate Regulatory Authority (Form of Annual Statement of Accounts and Annual Report) Rules, 2017.


On April 28, 2017, the state of Uttarakhand has notified Uttarakhand Real Estate (Regulation and Development) (General) Rules, 2017.

RERA Updates


Real Estate (Regulation and Development) Act, 2016 (the ‘Act’ or ‘RERA’) is an important and much talked about piece of legislation for the real estate sector of India. RERA proposes to establish a Real Estate Regulatory Authority for regulation and promotion of the real estate sector and to ensure sale of plot, apartment or building or sale of real estate project, in an efficient and transparent manner. Further, the Act proposes to protect the interest of consumers in the real estate sector and to establish an adjudicating mechanism for speedy dispute redressal.

The Act partially came into force on April 4, 2016 and since then various states have formulated their respective rules under the Act for implementation of the Act in the respective states.


Under RERA Updates, we will provide a snapshot of what latest is happening. This note will provide a date wise implementation of the Rules by various states, following by updates commencing from April, 2017. 

Date
State/UT
Relevant Rules/notifications
4 April, 2016
_
October 22/26, 2016
Madhya Pradesh
October 27, 2016
Uttar Pradesh
October 29, 2016
Gujarat
October 29, 2016
Gujarat
October 31, 2016
Lakshadweep
October 31, 2016
Daman & Diu
October 31, 2016
Dadra and Nagar Haveli
October 31, 2016
Chandigarh
October 31, 2016
Andaman and Nicobar Islands
November 4, 2016
Karnataka
21st November, 2016
National Capital Territory of Delhi
Until the establishment of Regulatory Authority in National Capital Territory of Delhi, the Ministry of Urban Development hereby designates Vice Chairman, Delhi Development Authority as the Regulatory Authority
November 24, 2016
National Capital Territory of Delhi
National Capital Territory of Delhi Real Estate (Regulation and Development) (Agreement for Sale) Rules, 2016
National Capital Territory of Delhi Real Estate (Regulation and Development) (Agreement to Sell) Rules, 2016

Thursday, 4 May 2017

Firm News: April 2017

Ex CAM Kunal joins Alpha as Associate Partner

We are delighted to announce that Kunal Arora has joined Alpha Partners as an Associate Partner. He will be part of the corporate team and shall head the real estate practice of Alpha. 

Kunal has obtained his law degree from Symbiosis Law School, Pune and is enrolled as a member of the Bar Council of Delhi. Prior to joining Alpha Partners, Kunal was working with the Corporate M&A and Real Estate team at Cyril Amarchand Mangaldas.

Kunal is a corporate and commercial lawyer who focuses on advising clients in relation to M&A, private equity investments, joint ventures and real estate transactions. He has advised clients on all aspects relating to these transactions including formulating legally viable structures, carrying out due diligence, drafting and negotiating transaction documents and assistance in closing related compliances.

Kunal has also advised leading investors and financial institutions on the real estate aspects in relation to their transactions with developers in India, including undertaking title and approval diligence of various residential and commercial projects and rendering advice on the real estate aspects of the transaction documents. Additionally, Kunal has advised clients engaged in various sectors in relation to their real estate transactions involving acquisition of rights (both leasehold and ownership) over properties across various parts of India.

Kunal also has significant experience in advising clients on company law, corporate compliance, entry strategies and setting up of business, employment laws and exchange control regulations in India. Kunal has advised clients engaged in various sectors including media, healthcare, financial services, real estate, manufacturing, ecommerce (startups) and technology.

Kunal has also co-authored articles titled “Conflicting views on the buyback of shares continue to baffle investors” and “Foreign companies need to put at least one share of their Indian subsidiaries in other hands” published in the India Business Law Journal.

He can be contacted at kunal@alpha-partners.org