Education
B.A. LL.B., ILS Law College Pune – 1977
Practice Area/Industry Focus
Corporate and Commercial Laws, Banking Laws, Employment and Labour Laws, and Real Estate Laws
Highlights of Professional Journey
Mr. S. N. Verma has a comprehensive experience of 40 years and specialises in human resources portfolio, corporate and commercial laws, banking laws, employment and labour laws, and real estate laws. He has been heading the corporate practice of the Firm for over 15 years. Prior to joining the Firm, he was head of Human Resources (HR) in two japanese leading banks, Sumitomo Mitsui Banking Corporation and The Sakura Bank Limited. He has also handled similar portfolio at the middle management cadre in a public sector bank (Union Bank of India) and a private sector manufacturing unit during his early years.
At Union Bank of India, he handled service law litigations (employment laws) for over 14 years at different levels of judicial forums including Labour Court, High Court, and Supreme Court of India. He also acted as Disciplinary Authority, Inquiry Officer and Management Representative in disciplinary proceedings. At the Sakura Bank Ltd. and the Sumitomo Mitsui Banking Corporation, he handled the entire HR portfolio including service law matters. He was also appointed as the compliance officer for Reserve Bank of India compliances. He was actively involved in handling global mergers of foreign banks operating in India, with particular reference to unification of terms and conditions of employment of the employees. He has also been successful in designing and implementing Voluntarily Retirement Scheme for employees.
At the Firm, Mr. Verma has assisted and advised various multi-national companies in incorporating their companies in India and in acquiring other Indian companies. One of his key transactions has been advising and assisting a German company in acquiring 100% stake in an Indian company. He also assisted them in integration of terms and conditions of employment of the employees of the two companies in a phased manner over two years. He has also assisted foreign government departments in setting up their liaison office in India. His clients have lauded him for his grasp of the complex regulatory environment, his eye for detail and his ability for establishing business operations in India with ease and efficiency. He also has an expertise of incorporating protective clauses in commercial contracts and safeguarding clients from business risks.
With respect to his employment law practice, Mr. Verma has been instrumental in reviewing and drafting employment-related agreements and policies; and advising several multinational corporations on various employment related issues such as provident fund, gratuity etc. One of his cherished transactions has been finalizing employment contracts and leave plans for the liaison office of a foreign client in two different states in India. This transaction involved studying the nuances and complexities of labour and employment laws of different Indian states and advising accordingly. He has also represented and defended corporate clients before the Labour Courts. He has been successful in procuring an order from the Labour Courts in favour of our corporate client, where the workman had alleged illegal dismissal from the services.
With respect to real estate practice, Mr. Verma has assisted several foreign companies in negotiating, drafting and finalising their Leave and License agreements for their office spaces and warehouses across cities in India. He has conducted in-depth legal due diligence of the immovable property for his clients and has helped them in mitigating the risks involved in real estate transactions. He also specialised in assisting clients is establishing Information Techonology (IT)/Information Technology Enabled-Services (ITES) units in Mumbai and Navi Mumbai, and procuring the requisite registrations under the IT/ITES Policy of the Government of Maharashtra.
Mr. Verma brings a wealth of knowledge and experience to the Firm. He has led from the front and is passionate about helping the clients as well as the associates to tap into their highest potential. He regularly holds brainstorming sessions in the Firm and advises the associates on the best practices to follow while engaging with clients. His commitment to excellence is unquestionable and he encourages everybody with his work ethics. He also assists with Human Resources at the Firm and ensures that the best employee policies are implemented at the Firm. He contributes to several newsletters and writes opinion pieces on the latest developments in law.
Education
- B.A. LL.B., ILS Law College Pune – 1977
- Masters Degree in Personnel Management, Symbiosis Institute of Business Management (SIBM), Pune University – 1980
- Passed Certified Associates of the Indian Institute of Bankers (C.A.I.I.B.) Part 1 in 1990
Insights
Critical changes in FDI, Competition Law, SEBI’s new guidelines, Direct Listing provisions, and RBI clarifications on AIF investments.
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Recently, India and Europe have bolstered economic ties, fostering increased cross-border business. The European Union stands as India’s third largest trading partner, accounting for about 11 perce...
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What Our Clients Say
“The lawyers at K Singhania & Co. have regularly advised and represented our Company in various legal disputes, relating to recovery of dues from our customers for freight. In most of our cases, they have been successful in helping us recover our dues even before initiating litigation. We appreciate their efficient and effective dispute resolution strategies.We have been given sound legal advice with patience, care and due diligence”
By Mr. Allan Aranjo, Vice President, Hindustan Logistics Pvt. Ltd.
“Our Company has been seeking legal advice from the law firm for about 8 years now. They have been regularly advising us from drafting and reviewing our commercial contracts to representing us in various commercial disputes before the Bombay High Court and National Company Law Tribunals across the country. They have been successful in getting favourable orders for us in our commercial suits and have ensured that our matters are disposed in a timely manner. They have also regularly advised us on our commercial and property matters. ”
By Mr. Nandagiri Raghavendra Rao, Head of Finance & Controlling, Doka India Private Limited
“Best known for its commercial disputes, shipping and construction practices…The firm’s disputes group has specialisations in international commercial arbitration, domestic arbitration, insolvency and bankruptcy, and civil and commercial litigation. Industry sector strengths include shipping, oil and gas, construction and aviation. Offshore, the firm has an alliance with the Dubai office of Goodwins and Russian law firm, Maxima Legal.
Firm founder and managing partner Krrishan Singhania serves as the key contact for all dispute resolution work.
Mr. Krrishan Singhania provides all-in-one solutions and good communication skills.”
By Benchmark Litigation Reviews
“We had initiated criminal proceedings against the opposite party. The opposite party initiated proceedings under Section 482 of the Code of Criminal Procedure, 1973 before the Bombay High Court to quash our criminal proceedings. The Firm has been successful in defending us in the quashing proceedings and arguing that the contractual default was in fact criminal in nature and was a case of cheating. The Bombay High Court gave us an order in our favour and held that the criminal proceedings have to continue in the lower court in Daman. We appreciate the Firm’s support and expertise in helping us win this case.”
By Mr. Pradeep Gupta, Director, Narsingh Dass & Company Pvt. Ltd.
“The Firm has been our legal counsels from 2014 and have assisted us in incorporating our company in India under the Companies Act, 2013. They support us constantly with company secretariat services and by advising us on our legal queries arising out of our day-to-day operations. They also assist us in company law compliances and Reserve Bank of India (RBI) compliances arising out of Foreign Direct Investment (FDI), and in negotiating, drafting and executing various business agreements. The Firm’s legal support is invaluable and it is as if they are working as a part of our organisation. We highly appreciate their accessibility, prompt delivery and practical legal solutions.”
By German Garnacho, Country Head India, Alsina Formwork (India) Private Limited
“We would like to extend our thanks to the law firm for their exceptional service when it came to protecting our intellectual property. They have assisted us in getting our trademarks registered across six different classes and did so in an efficient manner. They constantly intimate us about any conflicting trademarks and have assisted us in filing and defending oppositions. They have acted not only as our lawyers but as our business advisers. It is a pleasure working with them”.