Splitting of top roles deadline postponed, provides resurgence to India Inc.
A surge of relief washed over India Inc. as the Markets regulator Security Exchange Board of India (SEBI) deferred by two years to April 2022 (through a gazette notification published on January 13, 2020) its directive for listed companies to split the roles of chairman and managing director in view of demand from corporates, and […]
Rise In Frauds: A Matter Of Concern
There has been a scary rise in the number of frauds that have come to fore in recent times. The Indian Economy has been highly shaken by the recurring frauds that are being brought to light in recent times. So what is exactly fraud? According to the Black’s Law Dictionary, Fraud means “An intentional perversion […]
Bala v. Ujda Chaman:
The contours of originality under the Indian copyright law will be put to test again as the two popular Bollywood movies, Ayushmann Khurrana’s “Bala” and Abhishek Mangat’s “Ujda Chaman”, propose to enter into a legal battle. The makers of the movie Ujda Chaman have alleged that the creators of the movie Bala have infringed their […]
Trust in India’s ‘Growth Ambassadors’ –
India, in 2013, under the United Progressive Alliance (UPA) regime had enacted section 135 of the Indian Companies Act which prescribes that the companies having a net worth of Rs. 500 Crores or more, or turnover of not less than Rs. 1,000 Crores or net profit of Rs. 5 Crores or more in any financial […]
Personality Rights Law In India
With great popularity comes its own set of rights commonly known as personality rights. Personality rights are typically associated with people who have acquired status of being a celebrity and further seeks to prevent unauthorised use of the name, image, likeness, or some other identifying aspect of identity of a famous personality and including their […]
Arbitrability Of Torts In India
Arbitration is a creature of contract. Generally disputes relating to rights in personam are considered to be arbitrable and disputes pertaining to right in rem are non-arbitrable and are required to be adjudicated by a court of law. Some of the disputes that are considered to be non-arbitrable are Matrimonial disputes, matters relating to Guardianship, […]
SC strikes down RBI Circular
The Hon’ble Supreme Court in the matter of Dharani Sugar and Chemicals Ltd. vs. Union of India (“the Judgment”) on 2nd April 2019, quashed the much debated Circular of the Reserve Bank of India (RBI) dated 12th February 2018 on “Resolution of Stressed Assets –Revised Framework (the Circular). The Circular was introduced to substitute the […]
NSEL scam – Brokers CONUNDRUM
The National Spot Exchange Limited (NSEL) which was incorporated pursuant to the Government of India’s vision to create a single market across the country for both manufactured and agricultural produce, recently filed a criminal writ petition in the Hon’ble Bombay High Court, blaming the Government of Maharashtra for not taking action against the brokers and […]
Integrating Foreign Investments in India
For a country where capital is not readily available, Foreign Direct Investment (FDI) has been an important source of funds for companies. Under FDI, overseas money, either by an individual or entity, is invested in an Indian company. In India, foreign direct investment policy is regulated under the Foreign Exchange Management Act, 2000 governed by […]
Binani Cement Insolvency:
The Insolvency and Bankruptcy Code, 2016 (hereinafter referred as “Code”), a legislation with dynamic features, underwent many key changes to benefit the process of insolvency. The central dogma, on which IBC is based, is to resolve a plan for a company inefficient to pay its creditors and to revive the company back to its normal […]
