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The role of an independent director (ID), amongst others, is to uphold ethical standards of integrity and probity, act objectively while exercising his / her fiduciary duties...

The modern-day business world is based upon multiple interdependent transactions.

In February 2019, Cognizant Technology Solutions Corporation ("Cognizant") agreed to pay USD 25 million to the US Securities and Exchange Commission ("SEC") to settle violations...

The Ministry of Finance, on 12 February 2020 notified the Banning of Unregulated Deposit Schemes Rules 2020 (Rules).

Proxy advisors often issue voting recommendations in relation to appointment of directors of listed entities, including for appointment of promoter directors and independent directors.

The Bombay High Court on 10 July 2017 revoked its earlier leave granted under Order I Rule 8 of the Code of Civil Procedure...

It is quite common to find in a joint venture agreement provisions regarding the transferability of shares held by the joint venture partners in such a company.

On 13 August 2020, the Reserve Bank of India (RBI) issued the "Review of Guidelines for Core Investment Companies" (Review Guidelines).

On 28 December 2021, the Securities and Exchange Board of India ("SEBI") has decided to tighten norms for raising funds through Initial Public Offering ("IPO") and preferential issue.

The Hon'ble Supreme Court in a recent case in Ravindranatha Bajpe v. Mangalore Special Economic Zone Ltd. and Ors. Etc., held that the chairman, directors, and other key managerial personnel of a company...

Amongst start-ups particularly the question of employee retention and reward (for working with a start-up) is asked very frequently.

The National Company Law Appellate Tribunal, New Delhi Bench in Dheeraj Wadhawan v The Administrator, Dewan Housing Finance Corporation Ltd. held that ‘supersession of directors' under the Reserve Bank of India Act, 1934 is different from 'suspension of directors' under the Insolvency and Bankruptcy Code, 2016.

Following an order in the matter of Leixir Resources Private Limited (discussed in our article here), the NCT of Delhi and Haryana has issued yet another order dealing...

Aggrieved by the aforesaid order, an appeal was filed before the Supreme Court.

The Covid-19 pandemic has resulted in a near extinction of primary market fundraising by companies in India.

March 1st 2020 to March 15th 2020

An independent director contributes significantly to corporate governance by offering an impartial and objective viewpoint during a company's decision-making processes.