Amongst start-ups particularly the question of employee retention and reward (for working with a start-up) is asked very frequently. This blog post seeks to identify and discuss the legal parameters surrounding both mechanisms arming promoters with answering the question of whether ESOP or Sweat Equity. What is an ESOP? An ESOP is a type of employee... Continue Reading →

The Ministry of Corporate Affairs has notified yesterday exemptions for private companies, nidhi companies, government companies and Section 8 companies. The much awaited relief for private companies, we would say is almost here – as the notification issued is yet to published in Gazette of India. The following are some of the key changes that... Continue Reading →

Arrangements have been completed for integration of Name Availability, allotment of Direct Identification Number (DIN), Company Incorporation and Commencement of Business with the unified e business portal being developed by the Ministry of Industries and Commerce.

The Supreme Court has observed “All told whatever be the format of the game and whatever be the commercial angles to it, the game is what it is, only if it is played in its pristine form free from any sporting fraud….. Conflict of interest situation is a complete anti-thesis to everything recognized by BCCI... Continue Reading →

The MCA vide a notification dated January 19, 2015 has made changes to the Companies (Corporate Social Responsibility Policy) Rules, 2014. The copy of the notification available on the MCA Website is an unpublished copy and the same will come into effect upon its publication in the official gazette. Previously, the board of directors of... Continue Reading →

In our previous post, we discussed the changes proposed to be brought about by an amendment to the Companies Act, 2013. At the time the text of the Amendment Bill had not been circulated and information was only available through a Press Release. The draft bill is now in the public domain and can be... Continue Reading →