EX-5 2 a04-15358_1ex5.htm EX-5

EXHIBIT 5

 

OPINION AND CONSENT OF LEGAL COUNSEL

 

9th December, 2004

 

Rediff.com India Limited

Mahalaxmi Engineering Estate

L. J. Road no. 1

Mahim (West)

Mumbai 400 016

Republic of India

 

RE: OPINION OF COUNSEL

 

This opinion is furnished in connection with the registration by Rediff.com India Limited (“the Company”), pursuant to a Registration Statement on Form S-8 (the “Registration Statement”) under the Securities Act of 1933, as amended (the “1933 Act”), of 358,000 equity shares, par value Rs. 5 per share, each represented by 2 American Depositary shares (“the Shares”) (i.e., 716,000 ADRs), which are to be offered and sold by the Company through the ADR Linked Employee Stock Option Plan – 2004 (“the Plan”).

 

This opinion is being furnished in accordance with the requirements of Item 601 (b) (5) of Regulation S-K under the 1933 Act.

 

As Corporate counsel of the Company, I am of the opinion, based upon my familiarity with the affairs of the Company and upon my examination of the law and pertinent documents, and subject to the qualifications hereinafter appearing, that the Shares have been duly and validly authorized for issuance and, when issued and paid for in accordance with the terms of the Plan, will be validly issued, fully paid and non-assessable.

 

This opinion is subject to the following qualifications:

 

1.               I express no opinion as to any laws other than the laws of the Republic of India as the same are in force on the date hereof and I have not, for the purpose of giving this opinion, made any investigation of the laws of any other jurisdiction.

 

2.               I express no opinion in relation to any representation made or given in the Registration Statement.

 

3.               This opinion is furnished to you solely in connection with the Registration Statement and is not to be used, circulated, quoted or otherwise referred to for any other purpose without my express prior written permission.

 



 

I hereby consent to the filing of this opinion with the U.S. Securities and Exchange Commission as Exhibit 5.1 to the Registration Statement.

 

 

 

Very truly yours,

 

 

 

 

 

/s/ JYOTI DIALANI

 

 

Jyoti Dialani

 

Company Secretary & Manager Legal

 

Rediff.com India Limited