SC JUDGEMENT ON PERSONAL GUARANTORS OF CORPORATE DEBTOR UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 The Supreme Court of India in its landmark judgment in the case of Lalit Kumar Jain v. Union of India and Others has validated the sections related to personal guarantors enforced via notification dated November 15, 2019 and the Insolvency […]
SEBI vs PNB Housing Finance tussle relating to valuation of shares & Corporate Governance Issues SEBI ORDER ON PREFERENTIAL ISSUE OF SHARES BY PNB HOUSING FINANCE TO CARLYLE GROUP The PNB Housing Finance in its Board Meeting held on 31st May, 2021 has approved the preferential issue of equity shares to Carlyle Group, Ares SSG, […]
MCA allows Companies to transact all items through Video Conferencing or Audio-Visual means The Ministry of Corporate Affairs (Ministry) vide its notification dated 15th June, 2021 has allowed Companies to conduct Board Meeting on all matters without restriction through Video Conferencing or other Audio-Visual Means by making amendment in Companies (Meetings of Board and its […]
Section 204 of Companies Act, 2013 provides for Secretarial audit for bigger companies. It was hailed as an important step in improving corporate governance and ensure effectives compliances of the rules and regulations applicable on the company.
UNION BUDGET 2020 HIGHLIGHTS The analysis of Budget is divided into 2 major categories: (a) Direct Tax (b) Indirect tax with major focus on the Amendment proposed for the Direct Tax. The budget was very high on hopes for individual taxpayers as the hopes for tax relief was very high. The major themes for this […]
