INTRODUCTION The Micro Small and Medium Enterprises (MSMEs) are often termed as the backbone of the Indian Economy as they facilitate economic development and provide vast employment opportunities across every spectrum to the people. Before 2012, Small and Medium Enterprises (SMEs) could not access the Capital Markets as the Eligibility Criterions of the Stock Exchanges... Continue Reading →
INTRODUCTION The recent LinkedIn India case has brought Significant Beneficial Ownership (“SBO”) rules under the spotlight. The concept of SBO was introduced in India with the Companies Act 2013 (“the Act”), to promote corporate transparency and uncover ultimate beneficiaries with significant control over companies. Under the Act, there is a requirement for the identification of... Continue Reading →
PART II This blog post is a continuation of Part I for Directors and Appointment under Companies Act. The first part describes the types of directors, their respective responsibilities and appointment procedures and the second part, discusses the liabilities of the directors as detailed in the Companies Act, 2013 and under Securities law. LIABILITIES OF A DIRECTOR 1.... Continue Reading →
Introduction Corporate governance is one of the important elements for the functioning of a company. In today’s times the merit of companies is also evaluated based on their corporate governance practices by the stakeholders and potential clients, investors, and customers. Efficient corporate governance is sometimes synonymous with compliance with laws, regulations and guidelines issued by... Continue Reading →
Introduction On 1 February 2023, Hon’ble Finance Minister Nirmala Sitharaman, in her budget speech stated that “[f]or enhancing ease of doing business, more than 39,000 compliances have been reduced and more than 3,400 legal provisions have been decriminalized. For furthering the trust-based governance, we have introduced the Jan Vishwas Bill to amend 42 Central Acts.... Continue Reading →
PART II This blog post is a continuation of Part I for CCPA Guidelines for Misleading Advertisements and Endorsements, 2022. The first part describes the prescriptions of the guidelines and do’s and don’ts for advertisers and owners of brands. This second part deals with the duties and obligations of various stakeholders. Duties of manufacturer, service... Continue Reading →
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