August 2018

Madras High Court grants relief to disqualified directors of private companies


Taxmann Corporate Professional Today Vol. 42. 33 [August 18 to 24, 2018]

In Bhagavan Das Dhananjay Das Vs UoI, the Madras High Court granted reprieve to such disqualified directors. In the judgment, the High Court addressed some pertinent issues relating to revival of de-registered companies, powers of Registrar of Companies, disqualification of directors, it’s retrospective or prospective application, etc. The High Court considered a large group of writ petitions that various disqualified directors had filed before it. In doing so, the High Court interpreted the provisions of the Act and found that the actions of the Registrar of Companies were inconsistent with the statutory provisions of the law. This article is an analysis of the relevant facts of the case, key observations of the HC and conclusion drawn. In my view, the observations made by the HC about the contentious issues are quite interesting.

Discalimer

Article has been first published on Taxmann and Copyright belongs to Taxmann. The article has been published on this portal for the benefit of the visitors. Material contained is not intended to replace appropriate professional advice required before acting on any matter. Neither Taxmann nor Author is responsible for in respect of anything done or omitted to be done by person in reliance upon contents of published article.

 


December 2017

Analysis of Condonation of Delay Scheme, 2018 [CODS, 2018]


Even before the calendar year 2017 is over, the Ministry of Corporate Affairs has issued a Scheme for 2018 – Condonation of Delay Scheme, 2018 – ‘CODS, 2018’. The Scheme has been introduced by issuing a Circular [No. 16 / 2017 dated Dec. 29, 2017]. The write-up is an analysis of the Scheme introduced by Ministry.


December 2017

Condonation of Delay Scheme, 2018 – MCA Circular No. 16, December 29, 2017


Condonation of Delay Scheme, 2018 (CODS, 2018) has been introduced by issuing MCA Circular [No. 16 / 2017 dated Dec. 29, 2017]. It is a write-up analysing the of the Scheme w.r.t. its introduction, background, liability and prosecution, applicability, key features of the eForm CODS, 2018


July 2017

MCA extends exemptions under Company Law to Private Companies & Start-Ups


Sampada [MCCIA’s Monthly Magazine] July 2017 issue

Article is an analysis of the exemptions granted to the Private Companies and Start-Ups by MCA notication dated June 13, 2017

Disclaimer

Article has been first published by MCCIA and Copyright belongs to MCCIA. The article has been published on this portal for the benefit of the visitors. Material contained is not intended to replace appropriate professional advice required before acting on any matter. Neither MCCIA nor Author is responsible for in respect of anything done or omitted to be done by person in reliance upon contents of published article.

 


July 2017

Critical Analysis of the Exemptions granted to Private Companies under Companies Act, 2013


Corporate Law Adviser [[2017] 139 CLA (Mag.) 1]

Article is a critical analysis of the exemptions granted to the Private Companies and Start-Ups by MCA notication dated June 5, 2015 and June 13, 2017

Disclaimer

Article has been first published by in CLA and Copyright belongs to CLA. The article has been published on this portal for the benefit of the visitors. Material contained is not intended to replace appropriate professional advice required before acting on any matter. Neither CLA nor Author is responsible for in respect of anything done or omitted to be done by person in reliance upon contents of published article.

 


December 2016

SEBI’s New Initiative – SEBI eases norms for start-up funding, increases investment avenues for FPIs


Taxmann [[2016] 76 taxmann.com 182 (Article)]

This article is a summary of the key decisions taken by the SEBI Board (at its Board Meeting held November 23, 2016) and its impact on the concerned market intermediary or market.

Disclaimer

Article has been first published by Taxmann and Copyright belongs to Taxmann. The article has been published on this portal for the benefit of the visitors. Material contained is not intended to replace appropriate professional advice required before acting on any matter. Neither Taxmann nor Author is responsible for in respect of anything done or omitted to be done by person in reliance upon contents of published article.

 


December 2015

Proposed Start-up Policy: A Review


ICSI Bangalore Chapter Communique

With an intention of boosting entrepreneurship, innovation and job creation, DIPP is in the process of rolling out a separate legislation for start-ups. The objective is to refine the extant cumbersome process of compliances under different legislations, article is an analysis of the proposed Act / Policy for start-ups.

Disclaimer

Article has been first published by Bangalore Chapter of ICSI and Copyright belongs to Bangalore Chapter of ICSI / ICSI. The article has been published on this portal for the benefit of the visitors. Material contained is not intended to replace appropriate professional advice required before acting on any matter. Neither Bangalore Chapter of ICSI nor Author is responsible in responsible for in respect of anything done or omitted to be done by person in reliance upon contents of published article.

 


July 2015

SEBI’s new initiatives Timeline reduction of public-issue, Start-up listing, Reclassification of promoters


published by – Taxmann: Corporate Professional Today

SEBI in its board meeting (held on June 23, 2015) introduced some dynamic proposals in the securities market which will have an impact on the overall securities market and on the market participants over a period of time. Some key decisions of SEBI include: Timeline reduction of public issue process by mandating ASBA, introduction of platform for start-ups for raising capital on the Institutional Trading Platform, reclassification of ‘promoters’ to ‘public’, etc. The article gives an analysis of SEBI’s key decisions and summarizes their impact on the securities market.

Disclaimer

The article has been first published by Taxmann and the copyright belongs to the Taxmann, the same has been published on this portal for the benefit of the visitors. The material contained in the journal is not intended to replace appropriate professional advice required before acting on any matter. Neither Taxmann nor the Author is responsible for in respect of anything done/omitted to be done by the person in reliance upon the contents of the published article.

 


April 2015

SEBI proposes listing for start-ups with easier compliance norms


Published by – Taxmann: SEBI & Corp. Laws

In India there are many incubation and research centers, which provide excellent opportunities for youngsters to work on projects and develop their mind and entrepreneurial skills. To exploit such ideas ‘commercially’, the young entrepreneurs need capital and, accordingly, they approach institutional/ strategic investors. With an intention of promoting the entrepreneurial spirit, SEBI has proposed listing of such new-age companies/start-ups. The recently issued SEBI discussion paper on Alternate Capital Raising Platform has been discussed in this article by giving detailed background of the same and analysis of the proposed exemptions.

Disclaimer

The article has been first published by Taxmann and the copyright belongs to the Taxmann. The articles has been published on this portal for the benefit of the visitors. The material contained in the journal is not intended to replace appropriate professional advice required before acting on any matter. Neither Taxmann nor the Author is responsible for in respect of anything done/omitted to be done by the person in reliance upon the contents of the published article

 


April 2015

SEBI’s new initiatives : Listing of start-ups & introduction of IFSC


Published by – Taxmann: Corporate Professional Today

The market watchdog, SEBI, in its board meeting (held on March 22, 2015) introduced dynamic proposals and vibrant changes in the securities market. Some of the proposals were in relation to the Finance Minister’s announcements in the Union Budget 2015-2016, while some were due for ‘formal announcement’ for a longtime. The article is an analysis of the SEBI’s key decisions and summarizes the impact of the decision on the overall economy and on the securities market.

Disclaimer

The article has been first published by Taxmann and the copyright belongs to the Taxmann. The articles has been published on this portal for the benefit of the visitors. The material contained in the journal is not intended to replace appropriate professional advice required before acting on any matter. Neither Taxmann nor the Author is responsible for in respect of anything done/omitted to be done by the person in reliance upon the contents of the published article.