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Recent News From Corp Comm Legal

  • SEBI tightening up share transfer, dividend process

    SEBI tightening up share transfer, dividend process

    Published: 26 May 2018

    Recently, Securities & Exchange Board of India (‘SEBI’) has issued detailed guidelines in relation to transfer of securities and payment of dividends. The objective of the guidelines is to streamline and reinforce certain procedures related to transfer of securities/payment of dividends by the registrar and share transfer agents and handling and maintenance of records. The guidelines seek ...

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  • SEBI to prescribe stricter norms for professionals

    SEBI to prescribe stricter norms for professionals

    Published: 25 May 2018

    It is common knowledge that Chartered Accountants, Company Secretaries, Cost Accountants and Valuers play quite a vital role in authentication and substantiation of legal and financial records of companies as well as alerting and exposing any fraudulent acts or mismanagement of funds therein. The reports (covering, inter alia, legal and financial aspects of any company) issued by such Profession...

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  • Most excited lot over Flipkart deal? The taxmen :)

    Most excited lot over Flipkart deal? The taxmen :)

    Published: 24 May 2018

    The newspapers (particularly the pink ones) are full of news, reports, analysis and everything else about the Walmart acquisition of Flipkart which was announced last week.   This supposedly biggest e-commerce acquisition deal in the world whereby Walmart has agreed to acquire a 77% stake in India’s showcase e-commerce unicorn Flipkart, marks the global giant’s much-delayed entry into the I...

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  • Decoding the General Data Protection Regulations (GDPR)

    Decoding the General Data Protection Regulations (GDPR)

    Published: 22 May 2018

    With the advent of the internet, privacy has become a much sought yet elusive luxury for people. Personal data of individuals is freely stored and shared globally, making the world more transparent than ever. I recall a speaker on Ted Talk comparing individuals on internet with ones walking naked on Chhatrapati Shivaji Terminus (CST), Mumbai. Needless to say, such a brazen onslaught on personal ...

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  • Cleaning the FPI route

    Cleaning the FPI route

    Published: 21 May 2018

    In the last 25 years, Indian government has conferred diversified incentives on Foreign Portfolio Investors (FPI) with the objective to generate flow of funds into capital markets via foreign investments. Unfortunately, certain businessmen of Indian origin are taking advantage of FPI policies to evade taxes which is detected by the Securities Exchange Board of India (SEBI). Taking note, SEBI h...

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  • Monitoring CSR activities

    Monitoring CSR activities

    Published: 20 May 2018

    Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. The Companies Act, 2013 (Act) mandated certain category of companies to comply with the CS...

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  • Regulating e-pharmacies

    Regulating e-pharmacies

    Published: 18 May 2018

    With the spurt in internet and e-commerce in the last few years, the need for effective governance of e-pharmacies was overdue. In view of this, the Central Government has circulated the much-awaited new set of draft rules relating to the e-pharmacies (online pharmacies) to States seeking their opinion thereon. The objective of the draft rules is to ensure that the patients are able to procure...

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  • Relaxation in stressed assets norms

    Relaxation in stressed assets norms

    Published: 15 May 2018

    In an attempt to reduce the woes of the companies (owning stressed assets and carrying bad debts on their shoulders), the Central Government has urged the Reserve Bank of India (RBI) to relax the norms related to resolution of the stressed assets. The perspective of the Central Government on the norms related to stressed assets resolution is that these rules are practically difficult to implemen...

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