Category - Business Law

DIFFERENTIAL VOTING RIGHTS AND ITS TREATMENT UNDER COMPANIES ACT,2013

A corporation is a web of contractual arrangements. Post the infamous Satyam case, the need of structured and democratic governance is felt by one and all. The concept of Differential Voting Rights is a traditional one and has received acceptance from other jurisdictions as well. The approach of the author in understanding the treatment of… Read More

Insolvency and Bankruptcy Board notifies IBBI (Inspection and Investigation) Regulation,2017

The Insolvency and Bankruptcy Board of India notifies the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 . Under this Regulation, the board shall order to inspect or inspect the service providers defined under Section 2(1)(j) of regulation to ascertain whether adequate internal control systems, procedures and safeguards have been established and… Read More

Insolvency Professional to obtain Certificate of Registration under Insolvency Code:IBBI

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA PRESS RELEASE 15th June, 2017 No person to function as an Insolvency Professional without Certificate of Registration Section 3 (19) of the Insolvency and Bankruptcy Code, 2016 (Code) defines ‘insolvency professional’ to mean a person enrolled under section 206 with an insolvency professional agency (IPA) as its member and… Read More

IBBI notifies Fastrack Insolvency Resolution Process for Corporate Persons Regulations

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA PRESS RELEASE 15th June, 2017 Insolvency and Bankruptcy Board of India notifies Fast Track Insolvency Resolution Process for Corporate Persons Regulations The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by sections 58, 196 and 208 read with section 240 of the Insolvency and… Read More

Limited Liability Partnership (Amendment) Rules, 2017- Amendment in Rule 37

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS   Notification                                                                                                       New Delhi, dated the 16th May, 2017.   G.S.R (E)…… -In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership… Read More

Insolvency and Bankruptcy Code, 2016 – Clause (a) to clause (d) of section 2 of the Code relating to voluntary liquidation or bankruptcy shall come into force from 1st April, 2017

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th May, 2017 S.O. 1570(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) (hereinafter referred to as the ‘Code’), the Central Government hereby appoints the 1st April, 2017 as the date on which the… Read More

Foreign Trade Policy, 2015-20 – Amendments in Paras 2.72, 2.73, 2.74, 2.81 & 2.82 and Appendix 2S of the Handbook of Procedures, 2015-2020 with immediate effect

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE OF FOREIGN TRADE) PUBLIC NOTICE New Delhi, the 24th April, 2017 No. 4 /2015-20   Subject:- Amendments in Paras 2.72, 2.73, 2.74, 2.81 & 2.82 and Appendix 2S of the Handbook of Procedures, 2015-2020   F. No. 01/91/171/37/AM10/EC.—In exercise of the powers conferred under Paragraph 1.03… Read More

Exemption from section 5 of the Competition Act to certain enterprise

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th March, 2017 S.O. 988(E).—In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts the enterprises being parties to –– (a) any acquisition referred to in clause (a) of… Read More

Amendments in Chapter 4 of the Foreign Trade Policy 2015-20

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 21st March, 2017 No. 42/2015-2020 Subject: Amendments in Chapter 4 of the Foreign Trade Policy 2015-20 S.O. 905(E).— In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with paragraph 1.02 of the Foreign… Read More

Amendment in Para 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-20

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 22nd February, 2017 No. 39 /2015-2020   Subject: Amendment in Para 4.44 of Chapter 4 of the Foreign Trade Policy (FTP) 2015-20 S.O. 596(E).—In exercise of powers conferred by Section 5 of FT (D&R) Act, 1992, read with… Read More

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