Have you ever wondered why some professionals work as permanent employees while others choose the path of independent consulting? What truly distinguishes an employee from an independent contractor, and why does this classification matter for businesses and workers alike? As companies increasingly lean on outsourced talent to manage their core…

For enterprises that have successfully expanded within India and are now considering tapping into international markets or forming strategic partnerships, Overseas Direct Investment (ODI) often presents a clear path forward. This document is intended as a practical guide for professionals advising clients on ODI transactions, offering clarity on the Overseas…

Imagine this: You’re a director at a Company, attending occasional board meetings, providing strategic insights to the Board, and staying far removed from the day-to-day operations of the Company. Then one day, you are blindsided by legal papers, accusing you of being responsible for a Company’s cheque that bounced. It…

Imagine this: You’re a director at a company, attending board meetings, steering corporate strategy, and drawing a handsome remuneration. One day, you receive a notice from the Employees’ State Insurance Corporation (ESIC) demanding contributions based on your pay. You’re perplexed, thinking, “Am I considered an employee under the ESIC Act?”…

In a quiet office nestled in a bustling business district, two companies operated side by side. From the outside, they seemed like distinct entities, engaging in entirely different lines of work. Yet, a closer look revealed a striking overlap: a common registered address, shared directors, and even the same Managing…

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…

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…

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,…