A TAKE ON THE JOURNEY OF THE INDIAN INSOLVENCY LAW
A TAKE ON THE JOURNEY OF THE INDIAN INSOLVENCY LAW The Insolvency and Bankruptcy Code, 2016 was enacted in India as an Economic Reformation Legislation to promote economic freedom of businesses in India ensuring that the economic assets of the Nation are put to best alternative use. Resolution of the stressed asset is at the
Read MoreUNION CABINET APPROVED AMENDMENTS UNDER IBC
UNION CABINET APPROVED AMENDMENTS UNDER IBC The Union Cabinet approved various amendments under the Insolvency Bankruptcy Code, 2016 (“IBC”) the salient feature of which are briefly provided through press release of the Ministry of Corporate Affairs dated July 17, 2019. It was stated in the press release that the amendments aim to fill critical gaps
Read MoreTHE NEWLY INSERTED SEC. 148 OF THE NI ACT SHALL APPLY RETROSPECTIVELY, RULES SUPREME COURT
THE NEWLY INSERTED SEC. 148 OF THE NI ACT SHALL APPLY RETROSPECTIVELY, RULES SUPREME COURT With the advent of technology and digital transformation of India and various digital payment options open in the Indian Economy, Businesses are slowly moving towards the online payment modes. However, cheque payments are so inherent in the Indian Businesses that
Read MoreTHE GREEK DEBT CRISIS – A Comical Take
THE GREEK DEBT CRISIS – A Comical Take A debt crisis is a situation in which a country is unable to pay back its government debt. It is not an over-the-night event which pushes an economy into the traps of debt crisis. A series of events, which at the moment of happening do not seem
Read MoreFLIPKART-WALMART: An analysis of the Takeover
A quick analysis of the takeover deal of Flipkart & Walmart.
Read MoreSIGNIFICANT BENEFICIAL OWNERSHIP – NEW WEAPON INTRODUCED BY THE MCA
SIGNIFICANT BENEFICIAL OWNERSHIP – NEW WEAPON INTRODUCED BY THE MCA [sg_popup id=”347″ event=”hover”][/sg_popup] The Ministry of Corporate Affairs (MCA) notified rules for determining Significant Beneficial Ownership in a Company with an aim to tackle shell companies and eliminate the same. This is not an initiative from the MCA, but globally this was felt as
Read MoreSECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017:
SECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017: BACKGROUND As we are already aware, Government of India enacted Companies (Amendment) Act, 2017 (“Amendment Act”) on the suggestions made by Company Law Committee (CLC) and notified the same in the official gazette on May 7, 2018 to
Read MoreTRADEMARK INFRINGEMENT MIGHT LEAD TO ARREST OF DIRECTORS
TRADEMARK INFRINGEMENT MIGHT LEAD TO ARREST OF DIRECTORS Order XXXIX Rule 2A of the Civil Procedure Code, 1908 provides for a consequence of disobedience or breach of injunction granted by a Court having jurisdiction to try the suit. Such a consequence may also include ordering such person to be detained in the civil prison for
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