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corporate law

Step-By-Step Guide To Incorporating Private Company

Key Takeaways What is incorporation of a private limited company? Steps of incorporation of a company Case laws Important provisions FAQ's Introduction In India, forming a private limited a href="https://www.lawyersclubindia.com/articles/one-person-company-and-a-small-company-15228.asp" ta..

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Remedies for non-payment of salary by an employer

I. INTRODUCTION The payment of salaries is the basis for the employer-employee contract in the context of employment agreements. Payment of salary is an essential component of maintaining livelihoods as well as a representation of an employee's contribution. But regrettably, there are times when employees may have to deal with the problem of their employers failing to pay t..

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Theories of Corporate Governance

Abstract In this chapter, important ideas in corporate governance are briefly reviewed for the reader. Researchers and students can simply build up and develop their theoretical framework from this thorough base, depending on their particular research aims. Introduction A company is a formal organization or collection of people who work together to conduct busi..

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The LLP Act, 2008 MCA/Tax Filings

LLP Filing Compliances span styl..

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MSME Debt Recovery Provisions

Micro, small and medium enterprises have always been one of the main growth engines of the Indian Economy. In recognition of their contributions, the Indian Government has formulated various incentive plans to strengthen and improve the competitiveness of the MSME sector. The Government promulgated the "Micro, Small and Medium Enterprises Act 2006." This l..

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Draft Rules relating Employees Compensation under Code Social Security, 2020 notified

Ministry of Labour and Employment, Government of India has notified the draft rules relating to Employee’s Compensation under the Code on Social Security, 2020 on 03.06.2021 for inviting objections and suggestions, if any, from the stakeholders.  Such objections and suggestions are required to be submitted within a period of 45 days from the date of notification of the draft rules./..

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Landmark Judgments Of Corporate Law

Introduction There has been immense growth in the corporate sector all over the world. Mostly in many countries, the corporate sector is the backbone of its economy, especially in India. It contributes almost 53% to the Indian GDP. In this sector, an individual is offered ample opportunities to grow. So, this growth led to a ..

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Interim Resolution Professional IBC

JUDGEMENT DATE: 18th DECEMBER, 2020 Mr Rajnish Jain - The promoter, Stakeholder and Managing, Director of Suspended Board of Directors Vs. 1. (Manoj Kumar Singh - I.R.P.) Struck off as per Order dated 24.06.2020 2. Anupam Tiwari Resolution Professional for M/s Jain Mfg (India) Private Limited 3. BVN Trade..

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From SICA to IBC

Key Takeaways • Government introduced the SICA legislation to tackle the revival and rehabilitation of sick industrial units in 1985 but it was repealed in 2016 com..

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Insolvency and Bankruptcy Code suspension extended till 31st March

Background • The nationwide lockdown induced by the Covid-19 pandemic which began on 25th March, 2020 made the entire country come to a complete standstill. The process of gradually opening up the economy in a phased manner began on 1st June, 2020. • The government introduced v..

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EPFO facilitates multiple options for submission of Digital Life Certificate by EPS pensioners

All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension . In the current scenario of COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has facilitated multiple options for EPS pensioners to submit t..

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Government of India deletes Schedule VIII that banned foreign legal professionals

On 4th November 2020, Government of India Ministry of Law and Justice promulgated an ordinance in the name of Arbitration and Conciliation Amendment Ordinance 2020. The said ordinance brought in two major changes to the existing arbitration and cancellation act 1996 (herein after the Act), which is the procedural law governing the international and domestic arbitrat..

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Observance of Vigilance Awareness Week in ESIC

"Vigilance Awareness Week” was observed at Hqrs. Office, Delhi and Field offices /Hospitals of ESI Corporation located throughout the country with enthusiasm from 27th October to 2nd November 2020 by organising various programmes and activities to create awareness amongst the stakeholders and the public regarding vigilance activities being undertaken by t..

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Corporate Social Responsibility

Corporate social responsibility is a business model that is self-regulated and it holds the companies to be socially accountable to the stake holders and the public. There can be four business responsibilities. Environment efforts: A company can take efforts in making our surroundings better. It can con..

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CSR during times of COVID 19

Corporate Social Responsibility or CSR is mandated by the Section 135 read with Schedule VII of the Companies Act, 2013. It states that all companies, having net worth of 500 crore, or turnover of 1000 crore or more or a net profit of 500 crore or more during a financial year to constitute a Corporate Social Responsibility (CSR) Committee Board. The responsibilities..

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