corporate law

The Supreme Court in a recent judgment namely Chairman cum Managing Director, Mahanadi Coalfields Limited V Sri Rabindranath Choubey Civil Appeal No. 9693 OF 2013delivered by Hon'ble Judge Arun Mishra and M.R. Shah on 27th May, 2020 overruled the decision in Jaswant Singh Gill V. Bharat Coking Coal Ltd.[1] The facts of the case..

WHAT WAS THE CASE ABOUT?   In the case of Guru Nanak Industries vs Amar Singh the supreme court bench of Justice NV Ramana, Sanjiv Khanna and Krishna Murari held that when there are only two partners in a partnership firm and one of them agrees to retire then the retirement amounts to the dissolutio..

​SYNOPSIS LLP is a simpler, more convenient, and easy to use form of an organization over a company considering the compliance and taxation point of view. It may be more beneficial for small entrepreneurs and professionals particularly operating in small and medium-sized businesses. The conversion from an existing company can e..

Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to ..

INTRODUCTION The Insolvency and Bankruptcy Code, 2016 (‘IBC/the Code’) was introduced as need of the hour, to consolidate and revamp the existing insolvency and bankruptcy framework in India by enacting a robust law that would give certainty of process, time and outcome to t..

The much notable news in Indian corporate circle in this gloomy situation of COVID19 is of Facebook's $5.7 billion investment in Reliance Jio. The Indian stock market celebrated it with much fanfare and Reliance's shares closing was almost 10% higher than the previous day closing. It reminds me of one of the unusual incident of 12 ..

In March 2020, when the Covid-19 Pandemic truly set foot in India, a nationwide lockdown was announced, resulting in the shutting down of almost all factories, offices, shops, and establishments. However, a lockdown of such magnitude, which brought the economy of more than 2.8 Trillion U.S. Dollars to a grinding halt, was bound to hurt all, including the workers emplo..

Federation of Oils, Seeds and Fats Associations Limited (FOSFA) is an association of various companies, firms, traders & organizations who are into the business of certain commodities. The above said Institution in addition to the other works and services of an association of its members, it also administers arbitrations and arbitration appeals, i..

Pradhan Mantri Garib Kalyan Yojana: A Scheme to implement the PMGKY package for credit of employee’s & employer’s shareof EPF & EPS contributions (24% of wages) for three months by Govt. of India. Overview: The Govt. of India on 26.03.2020 relief package under Pradhan Mantr..

INTRODUCTION Cartels, if not the biggest, are arguably one of the biggest barriers against competition in India. Cartels are formed and operate in conspicuous conditions and thus, are difficult to trace. Unearthing cartels is nearly impossible if conventional practices are resorted to, therefore, members/enterprises engaged i..

RBI Announces Rs. 50,000 crore Special Liquidity Facility for RESERVE BANK OF INDIA, vide press release 2019-2020/2276 dated 27th April, 2020 has Announces Rs. 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF) In view of the situation arising due to COVID-19 pandemic and extended lockdown period. Why RBI Announ..

Major relaxation is given under: • Certificate Received from Registrar under Regulation 74(5) of the SEBI (D & P) Regulations, 2018 • Reconciliation of Shares and Capital Audit : under Regulation 76 of the Securities and Exchange Board of India (Depositories and Part..

The novel coronavirus or COVID-19 outbreak has managed to take the whole world into hostage within less than four months, and disrupted the lives of millions across the globe and the global economy has been hit the hardest with the markets across the world also taking a tumble amid the virus outbreak. The businesses have suffered with multiple contracts and transactio..

“INDEPENDENT DIRECTOR - KMP TO CORPORATE GOVERNANCE' - can't remain in 'cosy club': stated by Sh. Injeti Srinivas The corporate affairs ministry, known as Corporate Governance Agency, is implementing the companies law, has take..

An arbitral tribunal need not give only one award in an arbitration, depending on the requirements in each case, it can give multiple awards but the last one would be the final award. The award pronounced in the end of the proceedings is known as Final award and the other awards are called as partial awards or interim awards. But some of the interim awards are legal..