Social Impact

Our social impact practice includes working at the intersection of for-profit and non-profit entities, advising social enterprises and enabling impact funding through grant-makers as well as impact investors, including social venture funds.

A. Business Structuring – Structuring and incorporating businessesand non-profits, business expansions and cross border structuring, including setting up of social enterprises, trusts, SPVs and JVs.

B. Legal Documentation – Drafting, reviewing and advising on contracts and policies, including documents for funding, grant making, service engagements, memorandum of understanding (MOU) and employee documents.

C. Due Diligence – Conducting legal due diligence on for-profit as well as non-profit organizations, including for investors and donors; and generating due diligence reports, specific observations and recommendations.

D. Deal Advisory & Management – Advising and representing ‘buy side’ or ‘sell side’ of commercial transactions, including private equity, venture capital, debt capital, mergers, acquisitions, cross border transactions, share swaps, shareholder exits and buy backs.

E. Legal Research – Undertaking specific legal research projects on social impact laws to assist in business structuring, transaction structuring, business expansion and innovation.

F. Policy Advisory – Conducting legal research and analysis and opining on research for think tanks, policy institutions, government departments, autonomous bodies, industry leaders and associations.

G. POSH Compliance – Providing end-to-end assistance in ensuring compliance with the law on prevention of sexual harassment at workplace; and helping create a safe, harassment-free workplace.

Area Of Practice

  • Alternative Investment Funds – AIFs are investment vehicles constituted under the Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012. These are privately pooled funds and are largely used to invest in Social Ventures.
  • Capital Markets – The Indian capital markets are regulated by the Securities and Exchange Board of India (SEBI). SEBI regulates commercial transactions involving listed companies; and seems to be exploring the same for non-profits in India by introducing social stock exchange.
  • Corporate Law – Corporate law refers the set of laws regulating the structure, functioning and relationship of corporations, organizations and businesses. It may sometimes be referred to as business law, company law or enterprise law.
  • External Commercial Borrowings – ECBs refers to commercial debt raised by Indian entities for commercial purposes, from foreign entities. It is regulated by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act, 1999.
  • Foreign Contribution Regulation – The Foreign Contribution (Regulation) Act, 2010 regulates the foreign grants and/ or donations received in India. All associations, groups, and NGOs who wish to accept foreign philanthropy are required to comply with this law.
  • Foreign Direct Investment – FDI refers to investments made by foreign entities in Indian entities and is subject to the FDI Policy of India, as revised from time to time. It is regulated by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act, 1999.
  • Intellectual Property Rights – The IP Law practices covers protection, transfer, assignment and/ or licensing of different types of intellectual property like brand identities, creative works, processes and inventions; through copyright, trademark rights, patent rights, design rights etc.
  • Micro Small & Medium Enterprises – MSMEs are specifically identified under the Micro, Small and Medium Enterprises Development Act of 2006, and regulated by the Ministry of Micro, Small and Medium Enterprises. MSMEs are generally engaged in production, manufacture, processing, or preservation of goods and commodities and are entitled to various schemes to promote their growth.
  • Non-Banking Financial Companies – NBFCs are special companies licensed to operate as financial institutions that may be allowed to raise money, lend money, accept deposits or engage in microfinance, and the like. Though NBFCs do not hold a banking licence, they are regulated by the RBI.
  • Non-Banking Financial Companies – NBFCs are special companies licensed to operate as financial institutions that may be allowed to raise money, lend money, accept deposits or engage in microfinance, and the like. Though NBFCs do not hold a banking licence, they are regulated by the RBI.
  • Prevention of Sexual Harassment – This practice involves advisory, documentation and compliance under the Sexual Harassment of Women at Work Place (Prevention, Prohibition and Redressal) Act, 2013; which requires employers to have policies, systems and processes to provide a safe workspace for women employees.
  • Trusts & Societies – Apart from non-profit companies, trusts and societies have evolved as common structures to carry out non-profit work in India. Creation, structuring and compliance for most trusts and societies may be under the Indian Trusts Act, 1882 and the Societies Registration Act of 1860, respectively. Certain trusts and societies may also be subject to local state-specific regulations.