Companies Appointment and Qualification of...

The Ministry of Corporate Affairs (MCA) in order to widen the scope for the Companies to appoint an independent director has amended clause B of sub-rule 4 of Rule 6 of Companies...

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MCA omits Rule 4 of Companies Meetings of Board...

Ministry of Corporate Affairs (MCA) in order to take precautionary steps to overcome the outbreak of COVID-19 has decided to relax the requirement of holding Board meetings with physical...

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PREPACKAGED INSOLVENCY RESOLUTION PROCESS

What is Pre-pack? In common parlance, pre-packaged insolvency resolution process (or pre-packs as popularly known) is essentially a negotiated agreement between the founders/management...

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PARKING OF UNUTILISED ECB PROCEEDS IN TERM...

External Commercial Borrowings (“ECB”) are basically loan from the permitted foreign source taken by the Indian businesses in accordance with the Foreign Exchange Management...

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LATEST AMENDMENTS COMPANIES ACT 2013

Ministry of Corporate Office (“MCA”) vide its three separate notifications dated 24th March, 2021, has issued commencement of the provisions of the Companies (Amendment)...

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DOWNSTREAM INVESTMENNT

Downstream investment means the indirect foreign investment in the Indian company (i.e. investee company) as a result of investment by other Indian company (i.e. investor) having foreign...

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LATEST AMENDMENTS INSOLVENCY AND BANKRUPTCY ...

Insolvency and Bankruptcy Board of India (IBBI) vide its Notification No. IBBI/2020-21/GN/REG070 dated 15th March, 2021 further amended the Insolvency and Bankruptcy Board of India...

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LATEST AMENDMENTS COMPANIES ACT 2013

Ministry of Corporate Office ("MCA") vide its three separate notifications dated 18th March, 2021 has issued commencement of the provisions of the Companies (Amendment) Act,...

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NONPAYMENT OF SUBSCRIPTION MONEY BY SUBSCRIBERS

A company requires capital to do business. Such capital is infused by subscribers, who can be an individual or a body corporate, by subscribing the shares of the company. A...

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LATEST AMENDMENTS COMPANIES ACT

Ministry of Corporate Office (MCA) has issued three notifications dated 5th March, 2021, to further amend the process for filing of annual return by small companies and the incorporation...

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COMPARATIVE ADVERTISING AND PRODUCT DISPARAGING

COMPARATIVE ADVERTISING: My Product is better than yours The battle between the brands to compete and promote their product has become widespread as advertisements have become the...

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INDIA TOWARDS MAKING SOCIAL MEDIA ENTITIES AND...

The Central Government has recently issued Information Technology (Intermediary Guidelines and Digital Media Ethics) Rules, 2021 in supersession of the Information Technology...

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AMENDMENTS UNDER IBC THROUGH SECOND AMENDMENT...

The Cabinet has accorded its approval, on its meeting held on 12th December, 2019 for certain amendments in the Insolvency and Bankruptcy Code, 2016 (“IBC”) through IBC...

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DEVELOPMENT IN LABOUR LAWS

Government of India has recently initiated the process of overhauling and reforming bulk of its labour legislations (around 40 plus).This is the right step in the right direction at the...

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LIABILITY OF PERSONAL GUARANTOR UNDER IBC

Another leg of corporate insolvency reforms has been added in India as the Ministry of Corporate Affairs has recently notified Insolvency and Bankruptcy (Application to Adjudicating...

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