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Bombay High Court Upholds: Settlement with Creditors Alone Cannot Justify a Stay on Liquidation Proceedings Under the Companies Act
The Bombay High Court rules that creditor settlements alone do not justify a liquidation stay under Section 466 of the Companies Act.
Feb 43 min read
NCLT: Corporate Governance Safeguards Under Section 388B of the Companies Act, 1956
A landmark NCLT Hyderabad judgement examines corporate fraud claims and disqualifications under Section 388B of the Companies Act, 1956.
Dec 19, 20244 min read
Crossing Borders: Simplified Merger Processes for Foreign Companies & Their Indian Subsidiaries
The 2024 Amendment simplifies cross-border mergers, requiring RBI approval and easing the process for foreign firms and Indian subsidiaries.
Sep 14, 20243 min read
Corporate Fraud: Surfing the Legal Tides of Section 447 of the Companies Act, 2013
Explores the legal framework and investigation process of corporate fraud under s. 447, detailing its impact, consequences, and enforcement.
Sep 14, 202410 min read
Companies Act v. Stamp Act: Supreme Court’s Verdict on Stamp Duty on Increased Share Capital
SC's ruling redefines stamp duty on share capital, clarifying the supremacy of the Companies Act over the Stamp Act.
Apr 13, 20244 min read
The Power Play: Official Liquidators v. SFIO Investigations
Introduction In a landmark decision by the Allahabad High Court ( ‘the HC’ ), in the case of Reserve Bank of India v. Kubar Mutual...
Jan 2, 20243 min read
The Amendment to the Companies (Prospectus and Allotment of Securities) Rules, 2014
Introduction Recently, the Ministry of Corporate Affairs issued a notification [i] , amending the Companies (Prospectus and Allotment of...
Nov 8, 20232 min read
NFRA Imposes a Penalty on Auditors
NFRA imposes heavy fines and restrictions on auditors for misconduct and standards violations.
Jul 3, 20232 min read
NFRA issues clarifications on Statutory Auditors’ Responsibilities in relation to Fraud in a Company
The National Financial Reporting Authority ( “NFRA” ) issued a circular dated 26th June 2023, to the auditors of the entities regulated...
Jun 27, 20233 min read
[Delhi HC] Evasive replies during interrogation cannot disentitle a person from the grant of bail
The Delhi High Court, in Bindu Rana vs Serious Fraud Investigation 2023 SCC OnLine Del 276 , has recently held in a decision that evasive...
Jan 30, 20233 min read
[Delhi HC] Twin conditions for bail u/s 212(6) of Companies Act not applicable to women
The Delhi High Court, in Komal Chadha v SFIO 2022 SCC OnLine Del 4543 , has recently held in a decision involving custody of a woman...
Dec 28, 20223 min read