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  • BGH: Removal of a shareholder managing director for good cause

    BGH: Removal of a shareholder managing director for good cause

    Published: 25 Jun 2018

    When it comes to the removal of a shareholder managing director of a GmbH, a type of German private limited liability company, for good cause, it is a matter of whether there was in fact good cause at the time the decision was taken. Disputes among the shareholders of a GmbH are not uncommon. If these give rise to a situation whereby the shareholder managing director is set to be removed and his...

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  • Fallout of barring CAs from valuation of unlisted shares

    Fallout of barring CAs from valuation of unlisted shares

    Published: 22 Jun 2018

    In an attempt to enhance transparency in the valuation of the unlisted shares or unlisted companies, the Central Board of Direct Taxes (CBDT) has expressly barred the chartered accountants (CAs) from the valuation process of unlisted shares or unlisted companies for income tax purposes. The reason behind the prohibition of CAs from valuation of unlisted shares and unlisted companies may be the f...

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  • COMPANY FOR CRYPTOCURRENCY EXCHANGE

    COMPANY FOR CRYPTOCURRENCY EXCHANGE

    Published: 22 Jun 2018

    WHY THE CRYPTO EXCHANGE IS NEEDED? A properly registered cryptocurrency exchange allows its users to buy and sell cryptocurrency, exchange the cryptocurrency (one for another, or for money). Crypto exchange allows you to exchange cryptocurrency for state currencies and transfer to bank cards or electronic purses. Operations with cryptocurrency on crypto-exchange are possible both between the us...

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  • Analysis of the IBC Amendment Ordinance, 2018

    Analysis of the IBC Amendment Ordinance, 2018

    Published: 20 Jun 2018

    It has been almost a year and half that the Insolvency & Bankruptcy Code ('Code') aimed at solving and easing out insolvency process was enacted. An unprecedented framework was established with this as the board of directors of the company was dissolved, a moratorium was effected, Committee of Creditors was made in-charge of the day-to-day affairs of the company and a new institution / profess...

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  • Grace Period in Japan extended from 6 months to 1 year

    Grace Period in Japan extended from 6 months to 1 year

    Published: 19 Jun 2018

    Grace Period in J Article 30 of the Japanese Patent Law defines “Exceptions to lack of novelty of invention”. Under the current Japanese patent law, there is a 6 months grace period for an invention that has lost its novelty against the will of the inventor or due to the inventor’s own act. However, the Japanese patent law has been revised, and the new grace period is 1...

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  • Towards better governance - restrictions on independent directors' relatives

    Towards better governance - restrictions on independent directors' relatives

    Published: 19 Jun 2018

    In the corporate world it is common practice that relatives of promoters and even independent directors are conferred with contracts, loans and so on. This practice is considered to be one of the main causes for the prevalence of monopoly and fraudulent acts in the company management. To put an end to this practice, the Ministry of Corporate Affairs has amended the Companies (Appointment and Qua...

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  • Clipping fleeing fraudsters' wings

    Clipping fleeing fraudsters' wings

    Published: 18 Jun 2018

    The Ministry of Corporate Affairs (“MCA”) is deliberating the proposal of gathering the information related to the passports of the persons acting as directors on board of directors of Indian companies with the objective to restrain the fraudsters from absconding the nation to foreign territories. This proposal has garnered prominence following the flurry of incidents of corporate fraudsters abs...

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  • LEGAL REGULATIONS OF CRYPTOCURRENCY IN USA

    LEGAL REGULATIONS OF CRYPTOCURRENCY IN USA

    Published: 18 Jun 2018

    With no doubt crowdsale is one of the most discussed topics in the world today. Of course, this is a great alternative to venture funds. Therefore, this way of investing will necessarily be considered at the legislative level. In order to register crypto exchange in America, it is necessary to comply with a number of conditions, where the released token can be considered as a security or currenc...

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