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18 July 2017 at 13:31

Impaired Asset & problems for small time borrowers

  POSTED BY AV Bagur Advocate

After demonetisation and bringing in Benami properties Act, value of real assets have fallen down sharply. This has worried the Banks as they had granted loans based on value of the assets. Such assets have been termed as Impaired assets. If an im

  1 comments |   147 Views


17 July 2017 at 17:23

Venue of International Arbitration can be the Seat Also - SC of India

  POSTED BY S. Ravi Shankar

It is well settled in law that if parties choose a seat in an international Arbitration clause it will amount to choosing the procedural law applicable to the arbitration proceedings. In the same way, if the procedural law is specified in the Arbitra

  3 comments |   230 Views


04 July 2017 at 11:15

Why NPA who is the root cause?

  POSTED BY dr g balakrishnan

Non performing assets (NPA) who is at the root? By Guru Balakrishnan,Emeritus professor (BU), Advocate,Bombay High Court, and Free Lance Jounalist NPA affects: A comment I wrote on 'ET on Bankruptcy issues blog' on 25th June 2017: (RBI can h

  4 comments |   515 Views


03 July 2017 at 12:48

Appointment of KMPs u/s 203 of the Companies Act 2013 - Issues

  POSTED BY Ramaswami Kalidas

IntroductionThe Companies Act, 2013 (hereinafter referred to as �The Act�) has ushered in a number of innovative changes as compared to its predecessor Act and one such novel feature relates to the mandatory appointment of �key

  2 comments |   1322 Views


30 June 2017 at 17:59

Online single window launched for ease of doing business in Chandigarh

  POSTED BY RSJ LexComply

Sh. V.P. Singh Badnore, the Governor of Punjab and Administrator, U.T., Chandigarh has launched an Online Single Window System for ease of doing business in Chandigarh.Investors can take online permissions and approvals in a time bound schedule from

  0 comments |   172 Views


26 June 2017 at 15:59

Abolition of Foreign Investment Promotion Board (FIPB) w.e.f 5th June 17

  POSTED BY RSJ LexComply

Central Government in continuation of its endeavours to promote Ease of Doing Business in India has passed proposal for abolishing the Foreign Investment Promotion Board (FIPB) and allowing concerned Administrative Ministries/Departments to process a

  0 comments |   162 Views


07 June 2017 at 10:44

Procedure of right issue of shares

  POSTED BY Nitin Jaiswal

Meaning of Right Share of Issue: Right Issue means offering shares to existing members in proportion to their existing shareholding through letter of offer.A rights issue is directly offered to all existing shareholders of the Company in proportion t

  3 comments |   2007 Views


05 June 2017 at 13:26

Liability of Directors under Negotiable Instruments Act, 1881

  POSTED BY Siddhartha Kulkarni

It is generally known that the directors are vicariously liable for the act of company, as the company is an artificial person and shall act on behalf of its directors only. However in this regard section 141 of the Negotiable Instruments Act, 1881 i

  1 comments |   670 Views


30 May 2017 at 10:49

Comparison between liability of a director and liability of a partner

  POSTED BY Maanvi Jain

LIABILITY OF A DIRECTOR SECTION WISE CIVIL/CRIMINAL LIABILITY TO BE PAID 166 of CA,2013 (Duties of director) 1.To act in accordance with article of association[1] 2.To act in good faith[2] and to promote the inter

  0 comments |   372 Views


10 May 2017 at 13:37

SPICe - Simplified proforma for incorporating company electronically

  POSTED BY cs yashree dixit

Ministry of corporate affairs came up with the new concept that incorporation of anew company with in one day. It is simplified procedure (SINGLE WINDOW FORM)to incorporate new company with Name reservation, DIN, PAN, TAN & CIN. Inglobal scenario

  0 comments |   451 Views


04 May 2017 at 16:11

Insolvency and Bankruptcy Code 2016 - Decoded

  POSTED BY Avik Sarkar

The Code has come into effect in phases from 05.08.2016 to 15.12.2016. Some provisions are yet to come into effect.

  0 comments |   1361 Views


04 May 2017 at 16:11

5 smart legal decisions for a start-up

  POSTED BY SAVITHA G ARUN

Today the number of startup concerns are quite increasing. The percentage of legal challenges faced by a startup is also proportionately increasing. Startups focus more on building their business and brand. Unfortunately, they ignore the legal compon

  0 comments |   276 Views


04 May 2017 at 16:11

Changing Facet of Law relating to Liability of Bankers

  POSTED BY Keshav Borhade

Changing Facet of Law relating to Liability of Bankers

  0 comments |   117 Views


04 May 2017 at 16:10

Compliance helps achieve cost saving in business

  POSTED BY RSJ LexComply

Compliance is a word that is resonating in the corporate world in recent times, more so after the debacle of an instant noodles brand last year. The Food Safety and Standards Authority of India (FSSAI) banned them for higher lead and MSG content. The

  0 comments |   58 Views


26 April 2017 at 10:43

ESOPs Foreign holding to Indian Subsidiary Employees

  POSTED BY RSJ LexComply

ESOPs BY FOREIGN HOLDING TO THE EMPLOYEES OF ITS INDIAN SUBSIDIARYList of Prescribed Compliances- Under FEMA and Companies Act, 2013A) Compliances Under FEMA:In compliance of Master Circular on Direct Investment by Residents in Joint Venture (JV) / W

  0 comments |   685 Views


17 April 2017 at 11:46

Due Date for Transfer of Shares to DEMAT Account

  POSTED BY RSJ LexComply

The Ministry of Corporate Affairs (MCA), in exercise of the powers conferred by sub-sections (1), (2), (3), (4), (8), (9), (10) and (11) of section 125 and sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 vide Notificat

  0 comments |   663 Views


21 March 2017 at 14:05

10 things a Nidhi Company cannot do as an NBFC in India

  POSTED BY Paras Mehra

IntroductionNidhi Companies are getting famous day by day in India as they are the cheapest way to register a Non Banking Financial Company (NBFC) in India. In India, NBFC's are governed by Reserve Bank of India (RBI) and need the net worth of

  1 comments |   417 Views


01 March 2017 at 12:06

Resignation of a Director - When does it take effect - Confusion caused by the Companies Act, 2013

  POSTED BY Ramaswami Kalidas

Section 168 of the Companies Act, 2013 (hereinafter referred to as "The Act") lays down the provisions relating to resignation of a director from his office. Section 165 of the Act,

  0 comments |   887 Views


09 February 2017 at 10:59

Fast Track Exit Route Under Companies Act, 2013

  POSTED BY RSJ LexComply

Fast Track Exit (FTE) is one of the quick ways to shut down a company, when it is non-operational over a period of time.

  2 comments |   448 Views


30 January 2017 at 10:31

Strong arm tactics of the MCA-Non-compliances under Section 135 - Whether justified

  POSTED BY Ramaswami Kalidas

IntroductionIt is a matter of great consternation that the Department of Company Affairs is working overtime to book companies for alleged violations of the provisions of Section 135 of the Companies Act, 2013(hereinafter the “Act”).Show cause Notice

  0 comments |   350 Views










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