The Hon’ble NCLAT has held that the jurisdiction exercised by the Adjudicating Authority is vested in it and cannot be termed improper. Despite being of the view that the claim initially left out by the Respondent No.1 was payable, the Liquidator proceeded to reject the same without any justifiable reason which cannot be supported.
While everyone agrees that businesses are an integral and the most binding factor of the economy, there emerged multiple opinions as to the extent of responsibility of businesses. Do the businesses have responsibility beyond merely complying with laws? Do businesses have any additional moral or social obligation to commit resources to the welfare of society?
E-Form DIR-3KYC – Annual Filing The Ministry of Corporate Affairs introduced the e-Form DIR-3KYC whereby “every individual who has been allotted a Director Identification Number
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
SECTION 185 OF COMPANIES ACT, 2013 – LOANS TO DIRECTORS AS AMENDED BY COMPANIES (AMENDMENT) ACT, 2017: BACKGROUND As we are already aware, Government of
MCA AMENDS THE INCORPORATION RULES TO PROVIDE FOR THE RECENT AMENDMENTS MADE TO THE COMPANIES ACT, 2013 The Ministry of Corporate Affairs (MCA), vide its
PRIVATE PLACEMENT AND PREFERENTIAL ALLOTMENT: AN ANALYSIS The two concepts of private placement and preferential allotment seem to be similar and we end up landing