This post deals with the process of registering a Start-up as provided by DIPP Registration through the Start-up India Platform. Submission of application along with any of the following supporting documents: a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from any Incubator established in a post-graduate college in... Continue Reading →
Start-up India Action Plan – Devil is the detailing (Part 1)
Start-ups in India have been witnessing a favourable environment for their growth and development. New laws are being formulated and outmoded laws are being amended to suit the best of their interests. On 16 January 2016, Prime Minister Narendra Modi unveiled the landmark Start-up Action Plan (“Action Plan”) which set the ball rolling on the Government of... Continue Reading →
Recommendations for Amendments to Specific Relief Act
In light of Union Government’s ‘Make in India’ initiative, and to propel the ease of doing business in India, the Ministry of Law and Justice constituted an expert committee, around the end of January, 2016, to review and suggest amendments to the Specific Relief Act, 1963 (“Act”). The Expert Committee, headed by Mr. Anand... Continue Reading →
Update: Special courts – Blurring of boundaries or an unnecessary evil?
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 →
Establishment of National Company Law Tribunal (“NCLT”) and National Company Law Appellate Tribunal (“NCLAT”)
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 →
FDI in E-commerce – Framework Underway
The Department of Industrial Policy & Promotion (“DIPP”) issued the Press Note No. 3 for 2016 on March 29, 2016 (“Press Note”), through which it has clarified the government’s standpoint on the permissible models of conducting e-commerce in India for such entities who have received foreign direct investment. While the policy still remains unequivocal in... Continue Reading →
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