SEBI : The term ‘subsidiary’ or ‘subsidiary company’ as defined under the Companies Act, 2013[1] (‘Act’) refer to a company i...
Company Law : MCA has issued several notifications either to clarify or broaden the ambit of Schedule VII. This Notification is yet another step...
Company Law : Background With the advancement of web-based facilities, the world is becoming technology driven to a very large extent. Connectin...
Fema / RBI : In this article we shall discuss the concept of Payment Aggregator and Payment Gateway. Further, we intend to cover the applicabil...
Company Law : Currently, only companies that follows calendar year as financial year have been granted a 3-months relaxation from holding their ...
Income Tax : The manner of distribution of the assets of a company during liquidation is fraught with ambiguity and settlement of such claims a...
Company Law : NCLT held that the principle of imposition of minimum penalty is non-mandatory in compounding of offenses cases, it is necessary t...
SEBI : In one of the recent rulings of the SAT, Mumbai, the interim order passed by SEBI in the matter of Neesa Technologies Limited(Comp...
Fema / RBI : Securities and Exchange Board of India (hereinafter known as SEBI) in its Board Meeting held on 21st January, 2015 has approved pr...
The number of benami transactions in the real estate sector has increased astronomically. In the absence of an effective regulation, the black or ill-gotten money is easily parked in the opaque real estate industry. In the recent last couple of years, there has been immense hue and cry about curbing benami transactions and black money.
In one of the recent rulings of the SAT, Mumbai, the interim order passed by SEBI in the matter of Neesa Technologies Limited(Company) has been quashed qua one of the directors i.e. Mr. Nimain Charan Biswal who had joined and resigned from the directorship of the Company before the issuance of Non-convertible Debentures (NCDs),the subject matter of the case.
Recently, MCA has come up with General Circular No. 08/2016 which although came on 31st August, 2016, but been dated 29th July, 2016, provides relief to all the stakeholders in filing of annual e-Forms by providing them extended time line without paying additional fees.
Looking at last 12 months, the market regulators in India have been on action to come up with suitable avenues to strengthen the bond market in India. Recently, there have been changes sought to stimulate the action in bond market. On August 18, 2016, in a bid to deepen the corporate bond market in India a report of the Working Group on Development of Corporate Bond Market in India
Compensation packages of employees of financial institutions are designed in a manner to encourage them to align their interest to that of the organisation. Often the structure of packages comprises of bonuses and incentives linked with the short term profitability of these institutions whereas long-term growth and stability is aligned with stock options, pension plans and so forth.
Winding up is a process by means of which the affairs of a company are wound up in a manner to dissolve the company and put an end to the life of a Company. In the process of winding up, the company’s assets and properties are administered for the benefit of the members and creditors of the Company. The administrator, called liquidator, realises its assets, pays its debts and finally distributes the surplus, if any, among the members/creditors, in accordance with their right as provided in the article of the Company.
Seems the continuing foreign tours taken up by the Prime Minister of our country is indeed resulting in tremendous international alliances for the country. One of the main focus areas of such international tie-ups and alliances is Foreign Direct Investment (FDI).
In this write-up we have analysed the amendments proposed vide The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016 which are specific to the SARFAESI Act, 2002 and their impact:
With the markdown of valuations in start-ups last year, many fintech start-ups are now resorting to creating new market and products. As it shall be a faraway vision for these fintech firms to be earmarked as venture capitalists, they need to invest more in solving real world problems rather than merely addressing new problems.
It has been a very welcome move from the government to promote start ups in the era of sliding out through dip in valuations or non crystallization of their unique business ideas. The government is resorting to all possible mechanisms where these start-ups could provide an impetus to the country’s GDP.
