Articles

[vc_row][vc_column][vc_column_text]INTRODUCTION The change in the 57 years old legislation has shown a very illuminating light towards corporate development as it has brought about a more realistic approach to the present increasing corporate frauds and discrepancies. One of the major steps taken by the Indian legislature in order to do away with such problems is inclusion …

Blazoning the concept of class action suits under the companies act, 2013 Read More »

The Union Cabinet approved liberalisation of FDI norms in a dozen sectors including PSU oil refineries, commodity bourses, power exchanges, stock exchanges, clearing corporations, asset reconstruction companies, tea plantations and courier services . The following amendments have been made to the Consolidated Foreign Direct Investment Policy (Circular 1 of 2013) (the “FDI Policy”) which have …

Amendments To The Consolidated Foreign Direct Investment Policy Read More »

(As passed by the Lok Sabha on 18.12.12, by the Rajya Sabha on 08.08.13 and received assent from the President on August 29, 2013) Reason behind new law? The promulgation of the new law is a step towards globalization and is a successful attempt to meet the changing environment and is progressive and futuristic duly …

Highlights Of Companies Act, 2013 Read More »

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 …

Validity of Non-Compete Clause Read More »

INTRODUCTION Liberalization is sparkling in India like a rising star as evidenced from many of the foreign investment deals which are on the verge of finalization. As per the circular issued by the government of India in the year 2012, a total 49% equity investment could be made by a foreign investor in aviation industry …

Takeaways from the Jet-Etihad Deal Read More »

This article is an attempt at analyzing the issue of shares by companies with differential rights as to voting, dividend etc., Introduction: The Companies Act, 1956 (hereinafter referred to as the “Act”) was amended in the year 2000, with effect from 13.12.2000, whereby issuance of shares with differential voting rights (“DVR’s”) was introduced by inserting Section …

Issue of Share Capital with Differential Voting Rights Read More »

[vc_row][vc_column][vc_column_text]INTRODUCTION In this developing era, development is not cynical but institutionalizing the path for development is arduous, climbing only the first stair is cumbersome because the other stairs will automatically show its way. As an already running company does not have much difficulty to touch the sky of pinnacle but laying down the foundation for …

Angel Investor Read More »

Every type of company, must once in a year hold an annual general meeting as per Section 166 of the Companies Act, 1956. Not more than 15 months must elapse between the date of one annual general meeting and that of the next. However, a company may hold its first annual general meeting within 18 …

Annual General Meeting and Consequences of Default in holding Annual General Meeting Read More »

Introduction E-Voting is an internet based system through which participation of shareholders in larger numbers in the decision making process of companies is made easy through login and registration of their votes on company resolutions. This is a more efficient, convenient and cost effective method. The system would process, record votes automatically and facilitate declaration …

E-Voting in pursuit of Better Corporate Governance Read More »

With the Intent to facilitate the Globalized Corporate structure in their endeavor to meet the Statutory Compliance’s in adherence to good Corporate Governance practices, the Ministry has introduced the much awaited concept of enabling participation of Directors in the meeting of the Board/Committee through video conferencing. This initiative is not only a big boom for …

Board Meeting through Video conferencing Read More »