Month: March 2020

What is a Limited Liability Partnership? Limited Liability partnerships (“LLP”) is viewed as an alternative corporate business vehicle that provides the benefits of Limited Liability while allowing its partners the flexibility of organizing their internal structure as a partnership based on mutually arrived agreement.Owing to its flexibility in its structure and operation, the LLP often …

LLP Settlement Scheme 2020 & Modified LLP Settlement Scheme 2020 Read More »

The Tata-Mistry clash has been one of the most high-profile and publicly fought corporate battles in India. On December 18, 2019 the NCLAT (National Company Law Appellate Tribunal) jolted the corporate world with its judgment on the Cyrus Investments Pvt. Ltd. & Anr. VS Tata Sons Ltd. & Ors. The two-judge Bench headed by Justice …

Tata vs. Mistry – Case Analysis Read More »

What is an Offence? The term offence is not defined under the Companies Act, 2013 but in general parlance, an offence means an illegal act or crime. As per Section 3(38) of the General Clauses Act, 1897 the term “Offence” shall mean any act or omission made punishable by any law for the time being …

Compounding of Offences under Section 441 of Companies Act 2013 Read More »