KYC of Active Companies – MCA’s spree to clean up the waste – CS Aditi Jhunjhunwala – Mayank Kumar In its further endeavour to eradicate the sham companies the Ministry of Corporate Affairs has come up with Notification dated 21st February, 2019 inserting Rule 25A vide Companies (Incorporation) Amendment Rules, 2019 providing for KYC of companies […]
Detailed analysis on Issuing Bonus Debentures – By CS Shreya Jain Issue of Bonus Debentures, though not a recent phenomenon yet a unique concept does seem to see its glory days ahead. This method is seldomly used by companies, only a handful of companies have has dealt with the idea of issuance of bonus debentures […]
Exploring the application of Duomatic Principle in Indian Courts – Adv. Priyanka Jain – CA Sourav Khandelwal In a significant legal victory, the Supreme Court of India sided with Mahima Datla and Ors. in their appeal against the High Court of Madras. The case centered around a director’s resignation in a company, and the court […]
Compliance with RBI reporting for FDI – By Khushboo Jain To strengthen two of the major agendas currently being perused by the Government of India i.e. “Identification of Beneficial Ownership” and “Ease of Doing Business”, The Reserve Bank of India (“RBI”), apex Central Bank of India, in pursuance of regulation of foreign capital flows, has issued […]
‘High risk’ NBFC’s due to PMLA non-compliance – By Ishanah Santhalia The Financial Intelligence Unit (FIU) has released a list of 9,491 NBFCs that have been categorized as ‘high-risk’ due to non-compliance of one of the stipulated conditions mentioned in the PMLA Act and Rules. According to the FIU, these 9,491 NBFCs did not comply with […]
– By CS Shreya Jain The realm of technology is developing at a much-needed accelerated rate in view of the recent changes happening across the globe. The advancement technology is also getting infused in the corporate world gradually. A prime example of the same is the blockchain method. In this article we discusses about the […]