The issue pertaining to dispute resolution in case of unstamped or inadequately stamped instruments is an oft — debated question, subject to judicial review since decades. This post presents the transition in the thought process of courts considering the pre – 2021 position and the present view on the issue as it stands today.
The Ministry of Corporate Affairs notified amendments to the Companies (Specification of Definitions details) Rules, 2014 on 19th February 2021 (“Amendment Rules”). The aforesaid amendment has excluded certain classes of companies from the ambit of the definition of “listed companies”. As per the Amendment Rules, following companies are exempted: Public companies that do not have... Continue Reading →
The nature of instrument to be issued by a company depends to a large extent on the valuation of the company obtained through different mechanisms.
On 11th March 2020, World Health Organisation, declared Novel Coronavirus Disease (“COVID-19”) outbreak as a pandemic and reiterated the call for countries to take immediate actions and scale up response to treat, detect and reduce its transmission. The Prime Minister's Office, Group of Ministers, Ministry of Health and Family Welfare and Cabinet Secretary are closely... Continue Reading →
Since our previous posts on Corporate Social Responsibility (CSR) [which can be accessed here, here and here], there have been numerous changes to the governance of CSR in India. Key Changes in 2019 Exemptions to Start-ups: Complying corporations which are freshly incorporated and have not completed 3 years of establishment, the amount to be spend... Continue Reading →
The ECB Circular attempts to overhaul the nature of uses for which borrowers may adopt the ECB route and therefore, avail debt funding from foreign lenders. The relaxation in permitted end uses via the ECB Circular conveys the RBI’s intent to liberalise external debt funding opportunities for Indian entities thereby reducing their dependence on equity based funding.