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Recent News From Corp Comm Legal

  • Overhauling IBC

    Overhauling IBC

    Published: 28 Apr 2018

    Ever since the enactment and enforcement of the Insolvency and Bankruptcy Code (IBC), it has got amended multiple times to sidestep impediments barricading the course of IBC implementation. However, one way or the other, hardships are creeping in hindering the effective implementation of the IBC causing teething troubles to all the stakeholders involved. The government with the intent to wipeout...

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  • GST profiteering complaint form made easy

    GST profiteering complaint form made easy

    Published: 27 Apr 2018

    Giving in to public outcry, the Finance Ministry has simplified the GST profiteering complaint form (Form) with the objective to reduce the application process. The idea behind the move is to ensure that the common man finds it convenient and easy to fill the Form and report any profiteering activities employed by businesses post-GST roll out. This should be possible for a common man without requi...

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  • Angel Funding for startups

    Angel Funding for startups

    Published: 26 Apr 2018

    It is a herculean task for companies (more so for startups) to induce investors to entrust their funds with them. Due to the evolution of angel funding concept, the teething troubles in discovering an investor are somewhat assuaged for the startup companies. These days, it is a common practice for startup companies to generate funds via angel funding.  Angel funding is a boon to the start...

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  • Another Quit India Movement

    Another Quit India Movement

    Published: 25 Apr 2018

    India is observing a spree of migration of millionaires at an alarming rate and is listed among top among countries registering high rate of millionaires migration followed by France and China.   On the other hand, Auckland, Dubai, Montreal, Tel Aviv and Toronto are rated as the most popular destinations for the world’s high net worth individuals. However, for Indian high net worth ind...

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  • Starting up the Startups

    Starting up the Startups

    Published: 24 Apr 2018

    Either you make your own dreams come true or someone else’s. Cliche, isn't it? In the last few years, corporate world observed a flurry of the startup establishments as most of the business minded people are eager to be leader of their own startup establishment rather than working under someone else’s leadership roof. However, this is one side of the coin. On the other side, time taken by mo...

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  • Applying IBC across countries and to individuals

    Applying IBC across countries and to individuals

    Published: 20 Apr 2018

    Necessity is the mother of invention. Corporate fugitives and fraudsters like Nirav Modi and Vijaya Mallya have given new shape and dimension to several Indian laws. In particular, they are the role models to understand the severity of the recovery problem faced by the Central Government to get a hand on overseas assets of loan defaulters’ like them. Central government is considering creation ...

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  • Fixed term employment - win win for all ?

    Fixed term employment - win win for all ?

    Published: 19 Apr 2018

    The government has been promoting Ease of Doing Business in India and labour reforms have been one of its tall promises. Employers have been seeking the flexibility to offer fixed term employment for long. Their objective was to ensure flexibility to adjust the workforce in view of changing market conditions from time to time. Particularly, apparel manufacturing and exports sectors have very sea...

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  • Joint audit of banks - allocation of work

    Joint audit of banks - allocation of work

    Published: 17 Apr 2018

    The Institute of Chartered Accountant of India (ICAI) dispensed a directive mandating the Chartered Accountants working on joint audit in the banks that allocation of work should be done with the agreement of the respective management of the banks. The reason behind the issuance of the directive is that the Reserve Bank of India has informed the ICAI that certain issues are exploded up amid the ...

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