Tag Archives: corporate

National Guidelines on Responsible Business Conduct released: Govt.

Indian Ministry of Corporate Affairs has revised the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGs) and formulated the National Guidelines on Responsible Business Conduct (NGRBC). These guidelines urge businesses to actualize the principles in letter and … Continue reading

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Active Company Tagging Identities and Verification rules: Govt.

Ministry of Corporate Affairs (“MCA”) vide its notification dated February 21, 2019 amended Companies (Incorporation) Rules, 2014 by insertion of new rule 25A  – “Active Company Tagging Identities and Verification (ACTIVE)” with effect from February 25, 2019. Per the notification, every … Continue reading

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LLP Incorporation made online: Govt.

Indian Ministry of Corporate Affairs has launched incorporation of Limited Liability Partnership (LLP) through a complete online system through a web service titled “RUN-LLP (Reserve Unique Name – Limited Liability Partnership)”. Name can also be allotted to LLP through an … Continue reading

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IBBI strengthens its Due Diligence Framework under IB Code, 2016: Govt.

Insolvency and Bankruptcy Board of India (IBBI) has amended its Corporate Insolvency Resolution Process Regulations to ensure that as part of due diligence, prior to approval of a Resolution Plan, the antecedents, credit worthiness and credibility of a Resolution Applicant, … Continue reading

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Limitation Act not applicable to Insolvency Code: NCLAT

The National Company Law Appellate Tribunal recently ruled that the Limitation Act, 1963 is not applicable to the Insolvency & Bankruptcy Code, 2016 (“I&B Code”) as the latter is not a code for recovery of money claim, rather it relates … Continue reading

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Association or body corporate can maintain writ petition: KolHC

The Calcutta High Court recently held that an association or body corporate has a clear right to maintain a writ petition on behalf of its members or shareholders if the cause of action effects them both. The Court clarified that … Continue reading

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Measures to curb ‘Inversions’ announced: US Treasury

United States Department of Treasury and Internal Revenue Service has announced measures to curb ‘Inversions’ by US corporations. https://goo.gl/hsGD0P

Posted in Banking Law, Company Law, Contract Law, FDI, General Law, Income Tax Law, International Law, Notifications/Publications/Circulars, Securities Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment