Shardul S. Shroff Explained

Shardul Suresh Shroff is an Indian corporate lawyer. He is the executive chairman of the law firm Shardul Amarchand Mangaldas & Co. Prior to the split in the Amarchand & Mangaldas & Suresh A Shroff & Co", which was India's largest law firm, Shardul used to be the managing partner of the north India region of the firm headquartered in New Delhi.^[1]

Early life and education

Shroff completed his B.Com (Hons.) from Sydenham College, Mumbai and LL.B. from Government Law College, Mumbai.^[2]

Legal career

On 1 July 1980, Shroff was enrolled in the bar and he started his practice at Mumbai.^[3] He started to head the Delhi office of Amarchand & Mangaldas & Suresh A Shroff & Co in September 1980.^[4]

Past

Committee memberships

• Chair, Committee for Asset Valuation and Principles of Disposal of Corporate Properties, Assets and Shares; Indian government Ministry of Corporate Affairs
• Chair, Review of Offences and Penalties under the Company Law; Indian government Ministry of Corporate Affairs
• 1996Dr. Jamshed J. Irani Committee for amending The Companies Act, 1956^[5]
• 1996–97, 2000Securities and Exchange Board of India (SEBI)-appointed Bhagwati Committees for redrafting and modifying the SEBI Takeover Code
• Confederation of Indian Industry (CII) Task Force on Corporate Governance, which drafted the Corporate Governance Recommendations for Voluntary Adoption by directors^[6]
• second Naresh Chandra Committee appointed to look into aspects of small and medium enterprise and simplification of Company Law (LLPs and joint ventures)
• Dr. Amit Mitra Committee, appointed by the Ministry of Information and Broadcasting to revamp Radio Broadcast Policy, to recommend changes to license conditions for privatisation of the radio sector, and to propose a national broadcast regulator
• M. Damodaran – Federation of Indian Chambers of Commerce and Industry (FICCI) Committee on Corporate Governance

Current

Bar memberships

• Supreme Court Bar Association of India
• Delhi Bar Association
• International Bar Association (IBA)

He is an advocate-on-record of the Supreme Court of India.^[7]

Affiliations

Shroff is Associate President of Society of Indian Law Firms (SILF),^[8] a collective of India's top corporate law firms that has opposed entry of foreign law firms into India.^[9]

Personal life

Shardul Shroff is a grandson of Amarchand Shroff, who founded the law firm Amarchand & Mangaldas & Suresh A Shroff & Co in 1917. He is a son of Suresh A. Shroff, a former managing partner of the firm and Bharati Shroff, also the co-owner of the firm.^[10]

After the death of Bharti Shroff, the old firm was split into two with Shardul heading the Shardul Amarchand Mangaldas and brother Cyril Shroff heading the Cyril Amarchand Mangaldas.^[11]

Shroff is married to Pallavi Shroff, an advocate and daughter of former Chief Justice of India, PN Bhagwati. They have two daughters, Shweta Shroff and Natashaa Shroff.

Notes and References

1. News: Nath . Shloka . 26 July 2010 . India's Biggest in Law, Amarchand Mangaldas . . India . . May 1, 2014.
2. Web site: Idfc Ltd (IDFC:Natl India), People, Board Members, Other Board Members On Board, Shardul Suresh Shroff B.Com (Hons.), LLB . . . . May 1, 2014.
3. News: Vyas. Maulik. We'll have over 450 partners by end of 2015: Shardul Shroff, Shardul Amarchand Mangaldas & Co. 12 May 2015. Economic Times. 12 May 2015.
4. News: Nath . Shloka . 4 August 2010 . Shardul Shroff: My father would write the firm's balance sheet on the back of an air ticket . . India . . May 1, 2014.
5. Web site: Report on Company Law . Irani . Dr. Jamshed J. . 31 May 2005 . primedirectors.com . Prime Database / National Stock Exchange of India Ltd. (NSE) / BSE (The Stock Exchange Investors' Protection Fund) . May 1, 2014.
6. Web site: Corporate Governance Recommendations for Voluntary Adoption . Chandra . Naresh . November 2009 . Ministry of Corporate Affairs, Government of India . May 1, 2014.
7. Web site: 24 July 2023 . List of Advocate-on-Record as on 24-07-2023 . https://web.archive.org/web/20230803124150/https://main.sci.gov.in/pdf/other/aorlist24072023.pdf . 3 August 2023 . 3 August 2023 . Supreme Court of India.
8. Web site: SILF – Office Bearers & Executive Committee . . SILF Society of Indian Law Firms . May 1, 2014.
9. News: Venkatesan . J. . 27 July 2010 . Entry of foreign law firms opposed . The Hindu . May 1, 2014.
10. News: Dispute over will rocks law firm Amarchand Mangaldas; Shardul & Cyril Shroff in legal battle over assets. https://web.archive.org/web/20141117222047/http://articles.economictimes.indiatimes.com/2014-11-15/news/56115231_1_law-firm-amarchand-mangaldas-suresh-a-shroff-co. dead. 17 November 2014. 16 December 2014. The Economic Times.
11. Web site: Amarchand & Mangaldas: Understanding the Shardul versus Cyril Shroff battle. Moneylife. 16 December 2014.