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…

Overview Restricted Stock Units (RSU) are a form of equity compensation given to the employees / directors of the company in lieu of any cash bonus. This is given free of cost by the company but with some restrictions. The grant of RSU is “restricted” because it is subject to…

It is a general practice by foreign entities to compensate the employees / directors of their India entity (subsidiary / office) by way of Employee Stock Ownership Plan (ESOP). Prior to August 2022, the employees were permitted to acquire shares under ESOP and there was a reporting requirement of submission…

Maintaining the Registered office is very crucial aspect under the Companies Act, 2013 (“the Act”). It determines the territorial jurisdiction of regulators, and they are using the same for correspondence with the Company. The ministry has observed an increase in the number of companies formed with non-operational addresses. Additionally, it…

RBI has made mandatory LEI registration for all cross border transactions such as capital or current account transactions of INR 50 crore and above, w.e.f  1st October, 2022. Previously, LEI registration was made compulsory for all RTGS and NEFT transactions of INR 50 crore and above, w. e. f. 1st…

Why the Government mandates a company to hold board meetings, a company where public is not interested? Even a One Person Company, a small company and a dormant company is required to hold couple of meetings through the year. On the other hand, there is no such requirement for an…

Have you ever come across a case where a notice has been issued by the Enforcement Directorate or any regulatory authority for violation of foreign exchange laws or any other law(s) to a Company that has been struck off or dissolved?  Can any inquiry or investigation be initiated against a…

A non-resident individual or entity, holding an investment in an Indian entity by way of equity instruments on repatriation basis may choose to divest its holding by transferring its shares to another person. A transfer of equity instrument can be effectuated by way of sale or by way of gift.…

Ironically, records of what you do is more important than what you do. Write it down and then it's real …. Allan Watts.  Affidavit is a written statement confirmed by oath or affirmation, for use as evidence in court. In order to enhance the mutual relationships between the government and…

Business can be a force for good. In his uplifting book, Grow the Pie: How Great Companies Deliver both Purpose and Profit (a Financial Times Book of the Year 2020), Professor Alex Edmans provides powerful examples, as well as evidence, that socially responsible businesses generate even higher long term profits. While…