The Hon’ble Finance Minister of India in budget speech for the Year 2022-2023 has laid down the foundation for digitalised economy along with Ease of Doing business 2.0 which emphasize on easy entry and exit to market players, integration of centre & states level systems and removal of overlapping compliances.…

There is no explicit section under the Companies Act, 2013 (“the Act”) which specifically deals with the provisions concerning the loan from directors. However, the subject needs to be understood and manoeuvred through restrictions that the law imposes on borrowings by the company. Most of the borrowings by the company…

India has progressed to the point that its citizens are financially literate and actively trade in equities through stock exchanges. As a result, it is prudent for investors to understand their rights. Given the large number of shareholders, every company faced the difficult responsibility of educating all of its shareholders.…

    What if the dividend had been declared and the same has not claimed or paid to the investors by the company?   Is there any specific fund is created by the Government of India fromwhere an investor can claim their part of dividend?   We are going to…

In view of the multifarious activities of a welfare state, the legislature cannot work out all the details to fit the varying aspects of complex situations. It must necessarily delegate the working out of details to the executive or any other agency. In the context of governance of companies in…

The lockdown restrictions imposed by the Government of India to fight the COVID-19 pandemic posed a great difficulty to the Companies in conducting their General Meetings. Ministry of Corporate Affairs (MCA) had earlier allowed Companies to conduct Extra-ordinary General Meeting (EGM) through Audio-Visual means vide General Circular No. 14/2020 dated…

A lack of transparency results in distrust and a deep sense of insecurity – Dalai Lama It is the cardinal principle of the corporate law that speaks about the concept of corporate governance being the rule of shareholders, for shareholders and by the shareholders. The provisions of Companies Act 2013…

In his book Homo Deus, celebrated author Yuval Noah Harari writes that Microsoft is developing a very sophisticated system called Cortana. Cortana is an AI personal assistant that Microsoft hopes to include as an integral feature of future versions of Windows. Users will be encouraged to allow Cortana access to…

We have been receiving multiple queries on closure / strike-off of company where the subscribers have failed to pay for the shares subscribed. There are situations where subscribers have paid towards share subscription but have not commenced business or may be the company has stopped doing business but has not…

Dividend represents a participation in the profit, based on the amount of share held by the shareholder. A Company works in a way through which an investor can flow their money to the industry and result into nation building. It is thus a matter of more than a private interest…