Introduction: The law relating to issue of securities has been a very interesting topic of research as the law paves the way for companies to raise capital (either from public or from private investors). In the Companies Act, 2013 (‘Companies Act’) there is a...
Originally, the provisions of ‘Commencement of Business’ was introduced in Companies Act, 2013 but the same was omitted by the Companies (Amendment) Act, 2015. The initial life of the said provision was from April 1, 2014 to May 29, 2015. The said provisions were...
This blog is comment/ analysis of headline of newspaper article only, and not on the Supreme Court judgment. Recently, the Supreme Court observed that services by lawyers will not fall under Consumer Protection Act. Though the question posed before SC was, whether a...
It's been around 2 months that Rakesh Jhunjhunwala (RJ) is no more... RJ was the first person for me to have some interest in investing finance and Securities Market. On business channels, everyone was talking ‘technical’ concepts then, but RJ was talking companies,...
Last week, the LLP Rules, 2009 were amended (effective from April 1, 2022). The amendments are quite significant. One of the amendments relates to adjudication of penalties. Provisions are a bit similar to adjudication under the Cos. Act, 2013. These provisions in the...
MCA has issued a Notification (dated Feb. 11, 2022) and has stated that certain provisions of Cos. Act, 2013 will be applicable to LLP (with modifications). This post relates to analysis of the said notification: Provisions of maintaining register of SBO now applies...
3 months back, when the SEBI board approved the proposal, I had mentioned that RPT amendments are made extremely stringent and would require another round of amendment. In fact, on the SEBI consultation paper on RPTs, I had written an article titled - Regulating...
Background: Recently, an article was published in Economic Times on the topic of Related Party Transactions (titled, Related Party deals in Companies Act need a relook). The article was in relation to the Annual General Meeting of Tata Sponge Iron Limited...
Background: Government plans to have examinations for individuals who want to become independent directors (‘IDs’) as part of bolstering the corporate governance framework, according to Union Minister P P Chaudhary. While there are stringent provisions under the...
