• News

Recent News From Corp Comm Legal

  • 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...

    Read More

  • 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...

    Read More

  • 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...

    Read More

  • 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...

    Read More

  • Ensuring reliable, uniform valuation norms

    Ensuring reliable, uniform valuation norms

    Published: 15 Jun 2018

    The Ministry of Corporate Affairs (MCA) is mulling on the prospect of drafting valuation standards for listed and unlisted companies. This would be done to establish uniform guidelines for defining the process to be adopted in relation to valuation of the listed and unlisted firms. The factor that contributed to the prospect of drafting valuation standards is that the diversified practices are b...

    Read More

  • A panacea in IBC Ordinance ?

    A panacea in IBC Ordinance ?

    Published: 10 Jun 2018

    Following the recommendations received from the Insolvency Committee, the Union cabinet has approved much-awaited ordinance amending the Insolvency and Bankruptcy Code (IBC) which is to be ratified by the President. The underlying intent in approving the ordinance with such alarming urgency is to modify the IBC to eradicate the roadblocks barricading the smooth enforcement of the IBC and facilit...

    Read More

  • New Industrial Policy in the pipeline - emphasis on SMEs

    New Industrial Policy in the pipeline - emphasis on SMEs

    Published: 06 Jun 2018

    The Indian Small and Medium Enterprise (SME) sector and Indian economy are about to eyewitness significant changes as a consequence of introduction of new industrial policy by the central government. This policy is expected to be rolled out soon and it would emphasise on promotion and development of the SME sector in the best possible and fastest way to enhance the global supply chain. Following...

    Read More

  • Facilitating FPIs

    Facilitating FPIs

    Published: 04 Jun 2018

    Ever since India registered a significant jump from 130th place to 100th place in the World Bank Ease of Doing Business Report, the central government and the Reserve Bank of India (RBI) have re-examined certain norms related to overseas investors – the objective being to encourage overseas investors to invest more funds in India and to sustain the prospect of ease of doing business sentiment in I...

    Read More

Find a Global Law Expert

Awards

Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.

Sign up for the latest legal briefing and news within Global Law Experts community, as well as a whole host of features, editorial and conference updates direct to your email inbox.

Naturally you can unsubscribe at anytime.