Corporate Law

Insolvency and Bankruptcy Code, 2016: Role of Insolvency Professional – A timely review

With pulsating heart beats and anxiety, when my computer advised me to complete the examination conducted by Insolvency and Bankruptcy Board of India (IBBI) for Insolvency Professional certification purposes on August 9, 2018 at Meerut, I decided to write this article on the role of insolvency professionals with adequate information and a...

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Oxygen for Insolvency Resolution

This series of articles on THE CODE, looks at the elephant from the different perspectives, to understand how the economy is changing at a deep structural level, beyond the inferno of NPAs raging all around us....

Read More

A framework for restructuring a Limited Liability Partnership

After the introduction of the Limited Liability Partnership Act, 2008 (LLP Act), it was anticipated that many corporate houses would consider Limited Liability Partnership (LLP) as a vehicle to run their business operations, mainly due to lower administrative compliances and ease of repatriation of profits to its partners. ...

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Condonation of Delay Scheme, 2018- Decoded

Looking at the humongous number of affected people, combined with the pressure from the Industry, the MCA opened a window for redressal in the form of CONDONATION OF DELAY SCHEME, 2018(CODS)....

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Section 29A of Insolvency and Bankcruptcy 2016: Harsh on Promoters?

Section 29A of Insolvency and Bankruptcy Code, 2016 is a restrictive provision which impedes any person falling in the negative list from submission of a resolution plan....

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Governance of Insolvency Professional Agencies and Information Utilities

The IPAs have responsibility to develop and regulate the profession of IPs. They carry out quasi-legislative, executive and quasi-judicial functions. While they are public utilities and front-line regulators, they must compete with one another in terms of service rendered by their members acting as IPs....

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LIC to acquire controlling stake of IDBI Bank- Impact

LIC to acquire controlling stake of IDBI Bank Cabinet approves dilution of Government shareholding below 50% The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved conveying of no objection to reduction in Government of India shareholding in IDBI Bank Limited to below 50% by dilution.  It has also approved acquisitio...

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Arbitration and Conciliation (Amendment) Bill, 2018

Arbitration And Conciliation (Amendment) Bill, 2018 is introduced in Lok Sabha on 18th July 2018 to amend the Arbitration and Conciliation Act, 1996 to minimise the need to approach the Courts for appointment of arbitrators with a view to make India a hub of institutional arbitration for both domestic and international arbitration....

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Banning of Unregulated Deposit Schemes Bill, 2018

Non-banking entities are allowed to raise deposits from the public under the provisions of various statutes enacted by the Central Government and the State Governments. However, the regulatory framework for deposit taking activity in the country is not seamless....

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Negotiable Instrument (Amendment) Bill, 2018 passed by Lok Sabha

Lok Sabha passes Negotiable Instrument (Amendment) Bill, 2018 a bill further to amend the Negotiable Instruments Act, 1881 by which it has proposed to  insert section 143A -Power to direct interim compensation and Section 148-Power of Appellate Court to order payment pending appeal against conviction. Bill No. 281-C of 2017 THE NEGOTIABL...

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SC on Rebuttal by Accused against Presumption in Cheque Bounce Cases

Kishan Rao Vs Shankargouda (Supreme Court Of India) - Kishan Rao Vs Shankargouda (Supreme Court Of India) In the present case, the trial court as well as the Appellate Court having found that cheque contained the signatures of the accused and it was given to the appellant to present in the Bank of the presumption under Section 139 was rightly raised wh...

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While deciding stay application Tribunal can only consider prima facie case of merits: HC

Maharashtra State Road Transport Corporation Vs Commissioner of Central Service (Bombay High Court) - Bombay High Court held in the case of Maharashtra State Road Transport Corporation Vs Commissioner of Central Service that While deciding an application for stay of demand, the Appellate Tribunal can only consider the prima facie case of merits. It cannot give a final finding on the merits and dec...

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RBI, ED and CBI looked upon as ‘guardians of citizens’ rights’ : Bombay HC

New Delhi Television Limited Vs RBI (Bombay High Court) - We are concerned in this petition with the actions of the RBI and the Enforcement Directorate, both of whom refer to the criminal proceedings launched by the CBI. Those in-charge of their affairs and those in power giving them directions ought to realise that nothing would be achieved if foundation...

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Personal information like T.A. bill cannot be directed to be given under RTI Act, 2005

Chhattisgarh Board of Secondary Education Vs Public Information Officer (Chhattisgarh High Court) - Personal information like T.A. bill etc. cannot be directed to be given under the Right to Information Act, 2005 in view of Section 8(1)(j) of the said Act....

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CCI penalises All India Chess Federation for abuse of dominant position

Hemant Sharma & Others Vs. All India Chess Federation (Competition Commission of India) - CCI issues order against All India Chess Federation for abuse of dominant position and imposition of unreasonable vertical restraints on chess players and organisation of chess events; Imposes penalty of Rs. 6.92 lakhs on AICF for the Anti-Competitive conduct....

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Criminal Law (Amendment) Act, 2018

NO. 22 OF 2018 - (11/08/2018) - THE CRIMINAL LAW (AMENDMENT) ACT, 2018- An Act further to amend the Indian Penal Code, Indian Evidence Act, 1872, the Code of Criminal Procedure, 1973 and the Protection of Children from Sexual Offences Act, 2012....

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Circular- Notice for Meetings of the Committee of Creditors

Circular No. IBBI/CIRP/016/2018 - (10/08/2018) - The Committee deliberated on who should be on the creditors committee, given the power of the creditors committee to ultimately keep the entity as a going concern or liquidate it. The Committee reasoned that members of the creditors committee have to be creditors both with the capability to assess v...

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Requisitioning and Acquisition of Immovable Property (Amendment) Act, 2018

No. 21 of 2018 - (09/08/2018) - (1) This Act may be called the Requisitioning and Acquisition of Immovable Property (Amendment) Act, 2018. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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Negotiable Instruments (Amendment) Act, 2018

NO. 20 OF 2018 - (02/08/2018) - This Act may be called the Negotiable Instruments (Amendment) Act, 2018. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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The Fugitive Economic Offenders Act, 2018

NO. 17 OF 2018 - (31/07/2018) - Govt notifies Fugitive Economic Offenders Act, 2018. It shall be deemed to have come into force on the 21st day of April, 2018. The provisions of this Act shall apply to any individual who is, or becomes, a fugitive economic offender on or after the date of coming into force of this Act....

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Recent Posts in "Corporate Law"

Insolvency and Bankruptcy Code, 2016: Role of Insolvency Professional – A timely review

With pulsating heart beats and anxiety, when my computer advised me to complete the examination conducted by Insolvency and Bankruptcy Board of India (IBBI) for Insolvency Professional certification purposes on August 9, 2018 at Meerut, I decided to write this article on the role of insolvency professionals with adequate information and a...

Read More
Posted Under: Corporate Law |

Oxygen for Insolvency Resolution

This series of articles on THE CODE, looks at the elephant from the different perspectives, to understand how the economy is changing at a deep structural level, beyond the inferno of NPAs raging all around us....

Read More
Posted Under: Corporate Law |

Criminal Law (Amendment) Act, 2018

NO. 22 OF 2018 (11/08/2018)

THE CRIMINAL LAW (AMENDMENT) ACT, 2018- An Act further to amend the Indian Penal Code, Indian Evidence Act, 1872, the Code of Criminal Procedure, 1973 and the Protection of Children from Sexual Offences Act, 2012....

Read More

A framework for restructuring a Limited Liability Partnership

After the introduction of the Limited Liability Partnership Act, 2008 (LLP Act), it was anticipated that many corporate houses would consider Limited Liability Partnership (LLP) as a vehicle to run their business operations, mainly due to lower administrative compliances and ease of repatriation of profits to its partners. ...

Read More
Posted Under: Corporate Law |

Governance of Insolvency Professional Agencies and Information Utilities

The IPAs have responsibility to develop and regulate the profession of IPs. They carry out quasi-legislative, executive and quasi-judicial functions. While they are public utilities and front-line regulators, they must compete with one another in terms of service rendered by their members acting as IPs....

Read More
Posted Under: Corporate Law |

Condonation of Delay Scheme, 2018- Decoded

Looking at the humongous number of affected people, combined with the pressure from the Industry, the MCA opened a window for redressal in the form of CONDONATION OF DELAY SCHEME, 2018(CODS)....

Read More
Posted Under: Corporate Law |

Section 29A of Insolvency and Bankcruptcy 2016: Harsh on Promoters?

Section 29A of Insolvency and Bankruptcy Code, 2016 is a restrictive provision which impedes any person falling in the negative list from submission of a resolution plan....

Read More
Posted Under: Corporate Law |

Insolvency Case Study – Alok

On 26th Feb 2016, Alok Industries communicated to the Stock Exchange, informing them about the Extra Ordinary General Meeting of the Company to be held on 14th March. Among other things the special agenda had items that affected its creditors....

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Posted Under: Corporate Law |

“Minimum Government – Maximum Governance” is just a phrase only & not a reality

When we look this slogan of Minimum Government – Maximum Governance from the perspective of Income Tax law, then also it seems that picture is quite different. In year 2014, when tax audit report format is changed by CBDT and schemas are released very late, many trade and tax consultant associations had opposed it....

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Posted Under: Corporate Law |

Moratorium under Insolvency And Bankruptcy Code, 2016

The Moratorium, as envisaged in the Insolvency and Bankruptcy Code comes into effect immediately after the application under section 7, 9 or 10 of the Code, as the case may be, is admitted by the adjudicating authority. The day the insolvency application is admitted and moratorium is applied is referred to as the 'Insolvency Commencement...

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Posted Under: Corporate Law |
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Corporate Law News

Corporate law deals with the operations and formation of corporations and is related to contract and other commercial law. Corporations are legal entities which are created through the incorporation laws of the state, the corporation is a legal and a distinct person which can sue and can be sued, separate from the stockholders. Until a corporation formally dissolves, it has a perpetual life; the demise of its stockholders or officials does not amend the structure of the corporation. Creation, operation, and their dissolution are governed by several laws such as the Company Law, Insolvency and the Bankruptcy law, Real Estate law, Gratuity Act, Minimum wages Act, Negotiable Instrument Act, Essential Commodities, SRFAESI Act, Competition Act, FDI Regulations etc.

At Taxguru, we provide you the latest corporate law news and corporate law articles. Learn about all the important developments in the corporate laws with our extensive coverage of the latest news on corporate law. Our group of expert law professionals provides a cohesive and comprehensive understanding of all the Indian corporate and other allied laws. At Taxguru, we cover all the aspects of corporate law and all the major laws and regulations as mentioned above. We regularly post blogs and articles on corporate law for the benefit of our viewers. Keep a track of all the significant notifications and updates on corporate law with us. Get to know more on the corporate law here at Taxguru.