In our previous post we had discussed the provisions of the then Companies Bill, 2012 relating to the establishments of special courts to ensure speedy trial of offences violating the provisions of the said bill.  Section 2 (29) (iv), Section 435 to Section 438 and Section 440 of the Companies Act 2013 (“Act”) dealing with the... Continue Reading →

To reduce the burden of High Court and to take up all matters relating to company law and other corporate laws, Supreme Court in Union of India v. R. Gandhi[1] and Madras Bar Association v. Union of India[2] upheld and allowed the constitution of NCLT and NCLAT under Companies Act, 2013. On 1st June, 2016 Ministry of... Continue Reading →

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 →