The Companies Bill, 2012 passed in both the Houses of Parliament received the Hon’ble President’s assent on 29th August, 2013 and was published in the Official Gazette on 30th August, 2013, and finally became the “Companies Act, 2013”. Introduction Corporate governance generally places a fair amount of emphasis on board independence, and it is no …
Position of Independent Directors under the Companies Act, 2013 Read More »
Overseas Direct Investments – Rationalization/Clarifications – Reserve Bank of India has vide notification RBI/2013-14/220 A.P. (DIR Series) Circular No.30 dated 4th September, 2013 issued clarifications on revised guidelines pertaining to Overseas Direct Investment (ODI) by Indian companies, which was notified on August 14, 2013 wherein RBI has clarified as under: That all the financial commitments …
Securities and Exchange Board Of India (Buy Back of Securities) (Amendment) Regulations, 2013. The Securities and Exchange Board Of India (“SEBI”) has made certain amendments to the SEBI (Buy Back of Securities) Regulations, 1998. The SEBI (Buy Back of Securities) (Amendment) Regulations, 2013 have come into force on 8th August, 2013, the day on which …
INTRODUCTION Under the wider ambit of the Contractual law which gives perseverance to different clauses in anAgreement, the non-compete clause stands erect neither leaning nor bending with perpetual sanctity. But enhancing its validity especially in Employment Agreement is a matter of minute scrutinisation.By virtue of this non-compete clause, the employee undertakes and gives his acceptance …
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