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…

Compiled by Gyanendu & Muskan Our article on Director’s Resignation is one of our most popular blogs, probably because it is a small write-up that clearly states the fundamentals revolving around the subject of Director’s resignation. We have been receiving numerous queries over past many years and many of the questions revolved around…

The Ministry of Corporate Affairs (MCA) vide its notification dated 24.03.2021 brought a new concept of “Audit Trail” by introducing a new proviso in Rule 3, sub-rule (1) of the Companies (Accounts) Rule, 2014. Pursuant to the said rule w.e.f., 01st April, 2023 now every company is required to use…

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…