Somasekhar Sundaresan


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 15 years.
In addition to a commercial transactional practice in the area of Securities laws and M&A of listed companies, he acts as counsel before the Securities and Exchange Board of India, the Securities Appellate Tribunal and the Supreme Court in connection with Securities Regulatory Litigation.
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 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.

He is currently serving on a committee of the Reserve Bank of India to review corporate governance in the Indian banking sector.

Somasekhar is an active member of FICCI’s Steering Committee and its Capital Markets Committee. He sits as an independent director on the Board of Oxfam India, a rights based NGO.

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 law and justice in the mainstream Mirror newspaper that is published in Mumbai, Bangalore, Ahmedabad and Pune.

The Firm has an active Capital Markets & Securities Laws practice covering the entire spectrum of Capital Markets activities for listed entities (i) Initial Public Offerings (IPO’s); (ii) Rights issues; (iii) Private placements in both bond & equity markets; (iv) Advisory services to listed companies & market intermediaries in the areas of statutory & regulatory compliances, including signing off on day-to-day compliance obligations, assisting with registrations for operating in the Indian market with the Securities & Exchange Board of India (SEBI), for various types of intermediaries ranging across Mutual funds, Venture Capital funds, Asset Management companies, Stock Brokers, Underwriters; (v) defending regulatory action in various fora including SEBI, Securities Appellate Tribunal, High Courts and the Supreme Court of India; and (vi) Acquisition involving the Takeover code.

We maintain an ongoing interface with the Securities regulators. Our Partners are members of Capital Market Committees of various Chambers of Commerce including Federation of Indian Chambers of Commerce & Industry (FICCI) and the Bombay Chamber of Commerce & Industry (BCCI). Our Partners hold faculty positions in Securities Law course conducted by law schools. We actively participate in Capital Market reform projects conducted by the United States Agency for International Development (USAID) as part of the Financial Institutions Reform and Expansion (FIRE) program.

J. Sagar Associates (JSA) is a leading national law firm in India comprising over 290 lawyers and consultants, including 80 partners with offices in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai and New Delhi. For over two decades we have provided legal advice and services to international and 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 and 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.

Our practice areas are Banking & Finance; Capital Markets & Securities; Dispute Resolution; General Corporate Commercial; Mergers & Acquisitions and Private Equity; Projects; Tax, Customs & Trade; Regulatory & Policy; and Corporate Compliance, Anti-Corruption & Investigation.

Our sectors include Agriculture & Plantations; Asset Management & Financial Institutions; Communications (Telecom & Broadcasting); Construction & Engineering; Defence & Internal Security; Education; Energy (Power, Oil & Gas); Hospitality & Leisure; Insurance; Knowledge Based Industries (IT / ITES / Life Sciences); Manufacturing, Consumer Products, Industrial Products & Durables; Media, Entertainment & Sports; Mining; Municipal & Developmental Infrastructure; Non-Government Sector; Real Estate; Retail & Franchising; Services; and Transportation (Aviation, Railways & Metro, Surface Transport and Ports).


Widely respected practitioner Somasekhar Sundaresan heads the securities practice. Clients describe him as “a well-informed and creative thinker: there’s no one in the market who understands the regulatory environment better.”
Chambers Asia & Pacific, 2014