Introduction The process of striking off a company from the official register, governed by the Registrar of Companies (RoC) under the provisions of Section 248 of the Companies Act 2013, represents a significant legal action that results in the dissolution of a company, stripping it of its corporate identity and…

Insolvency and Bankruptcy Code (IBC), 2016 is an effective and adequate framework for insolvency resolution of corporate debtors. The IBC has been a game-changer for handling stressed assets in India. Designed to streamline the process of insolvency resolution, the IBC provides a robust framework that not only safeguards creditors' interests…

INTRODUCTION: The Compulsorily Convertible Debentures or CCDs offer the benefits of both debt in terms of interest payment and equity in terms of ownership after conversion at a specified time or event. This dual nature of the CCDs – being a debt instrument initially and later converting into equity has…

Updated on 08.08.2024 An idea doesn't become a business without effort! Budding entrepreneurs understand the effort necessary to create a business, however, they might not be familiar with the micro details of launching and running a business venture in India. You can visit our blog on Incorporating an Indian Business…

In the intricate world of corporate governance, few sections wield as much influence as Section 185 of the Companies Act, 2013. It's not just a set of regulations; it's a safeguard against potential conflicts of interest, a beacon guiding companies towards transparency and ethical conduct. In this article, we explore…

In the dynamic landscape of corporate finance, companies often find themselves needing to raise additional capital whether it’s for expansion, investment, or other strategic purposes. When a company decides to increase its authorized capital, several steps come into play: Board Resolution and Shareholders’ Approval. The board of directors passes a…

INTRODUCTION In the ever-evolving landscape of corporate governance, the winds of change are sweeping through India's boardrooms, leaving in their wake a trail of digitized securities and a narrative of transformation. The government, in a bold move, has introduced the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023,…

The Insolvency and Bankruptcy Board of India (IBBI) introduced the IBBI (Voluntary Liquidation Process) (Amendment) Regulations, 2024 on 31st January, 2024. The amendment aims to make the process of voluntary liquidation of a company a smoother and a more transparent process. The amendment comprehensively addresses the procedural requirements for the…

The Voluntary Liquidation (VL) process in India was introduced to streamline business closure, aligning with the Government of India's objective of facilitating 'ease of doing business.' Despite this, there are situations post-commencement of VL where factors such as regulatory amendments, new government policies, or changes in market dynamics necessitate a…

With the burning issue of disqualification of Directors since last few years, the Ministry of Corporate Affairs has become proactive in its initiatives to identify Directors who have fallen under the ambit of non-compliances and have penalised them by disqualifying them or de-activating their DIN. These have affected not only…