Somasekhar Sundaresan Private Equity - India

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J. Sagar Associates
Vakils House, 18 Sprott Road,
Ballard Estate, Mumbai
400 001, India

Tel: +91 22 4341 8504
Fax: +91 22 4341 8617


Somasekhar heads the Securities Law and Financial Sector regulatory practice at JSA, a national Indian law firm. He has been in practice for the past 16 years.
While his commercial transactional practice covers M&A of listed businesses and regulatory advisory work for market intermediaries, his contentious practice covers securities regulatory litigation, acting as counsel before the Securities and Exchange Board of India, the Securities Appellate Tribunal and the Supreme Court of India.

He has also been actively involved in regulatory policy and legislative drafting. He has been:

• Member of the Working Group on Foreign Investment in India under the chairmanship of Mr. U.K. Sinha, which submitted its report in July 2010.

• Member of the Securities and Exchange Board of India’s Takeover Regulations Advisory Committee, and drafted Takeover Regulations, which has been substantially implemented.

• Consultant to the Financial Sector Legislative Reform Commission, which submitted its report in 2013, containing the draft Indian Financial Code, which contains new financial sector legislation for India.

• Member of the Securities and Exchange Board of India’s High-Level Committee to review and draft new regulations governing insider trading in India.

• Member of a committee of the Ministry of Finance to write new policy for issuance of global depository receipts, foreign currency convertible bonds and external commercial borrowings.

• Member of a committee of the Reserve Bank of India to review corporate governance in the Indian banking sector.

He is currently serving on a Task Force of the Ministry of Finance to set up a Financial Sector Appellate Tribunal in India.
Somasekhar is an invitee to FICCI’s Steering Committee and an active member of its Capital Markets Committee. He serves as a director of rights-based NGO Oxfam India.

Somasekhar authors a fortnightly column titled Without Contempt on investment law and policy in the Business Standard, a national business newspaper in India, and a weekly column on mainstream law and justice in the mainstream Mirror newspaper. He is a guest contributor to the Indian Corporate Law Blog.

Private Equity Law Practice:

We provide legal services to Private Equity and Venture Capital funds across the full range of their operations and activities.

The areas in which we provide legal advice include (i) Fund formation; (ii) Onshore & Offshore structuring; (iii) Drafting offer documents for the raising of funds; (iv) Tax & Securities registration issues in India; (v) Registration with regulatory authorities in India; (vi) Due Diligence of prospective investee companies; (vii) Negotiation assistance from term sheet stage till closing; (viii) Documentation & overall transactional support, including working closely with regulators like the Reserve Bank of India (RBI), the Foreign Investment Promotion Board of India (FIPB) and the Securities & Exchange Board of India (SEBI); and (ix) Structuring incentives and sharing of the ‘carry’ for fund managers & research analysts.

We are also familiar with the other side of the equation as we represent Investee Companies in diverse sectors.

We are actively involved in policy issues affecting Private Equity & Venture Capital industry on a national level, including legislative & regulatory matters.

We provide ongoing support, advice and views to the various committees of Securities & Exchange Board of India (SEBI). Our Partners are also on Capital Market committees of leading National Chambers of Commerce, and on an ongoing basis, interact with regulators in the evolution of regulations in the Capital Market.

J. Sagar Associates:

J. Sagar Associates (JSA) is a leading national law firm in India comprising over 350 professionals, with offices in Ahmedabad, Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai and New Delhi. For over two decades, we have provided legal advice and services to international & domestic clients.

Our mission is to provide outstanding legal solutions, in our chosen practice areas with a strong emphasis on ethics. Our clients benefit from our expertise & experience as a large firm while still enjoying the privilege of personal attention and responsiveness of a small firm.

Our advice is delivered by well-informed, accessible, partner-led teams, which strive to provide the highest quality of service to our clients, by listening, understanding their needs, responding promptly and living up to the commitments that we make. We use plain English to communicate verbally and in our documentation.
JSA’s practice extends across diverse sectors of industry and services, such as Consumer & Industrial Products, Consumer Durables, Financial Services & Banking, Infrastructure, and Energy & Transportation. We understand and appreciate the different challenges that our clients face in the current business environment as a result of technological changes, evolving government regulations, and competitive pressures in the marketplace. We provide a diverse set of legal services to our clients and assist them to meet these challenges successfully.

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