ArticleQualifications Of Independent DirectorThe Amendment Rules provides for additional criteria for appointment of independent director.IndiaCorporate/Commercial LawS.S. Rana & Co.
ArticleInterested Shareholders May Lose VoteThe Securities and Exchange Board of India (Sebi) has proposed to suitably amend a portion of Clause 166 of the Companies Bill, 2009, disallowing interested shareholders from voting on special resolutions required for related-party transaction. IndiaCorporate/Commercial LawJSA Advocates & Solicitors
ArticleCovid - 19 – How Does It Impact The Conduct Of Board Meetings?The ongoing Covid-19 pandemic has caused substantial business disruption across all walks of life. IndiaCorporate/Commercial LawGameChanger Law Advisors
ArticleDelhi High Court's Decision On Disqualification Of DirectorsDelhi High Courts decision on disqualification of Directors.IndiaCorporate/Commercial LawDSK Legal
VideoLeaning Out Of Group Consolidation & Simplification Of Group Structure (Video)Almost all corporate houses have a number of legal entities under their umbrella for various purposes. However, over a period of time, some of these entities become redundant...IndiaCorporate/Commercial LawCorporate Professionals - Advisors & Advocates
ArticleMCA Allows Multiple KYC Updates Throughout The Year For Directors By Paying FeesThe Ministry of The Ministry of Corporate Affairs vide its notification has inserted a proviso in Rule 12A of Companies Rules, 2014, by inserting Companies Rules, 2024 with effect from 1 August 2024.IndiaCorporate/Commercial LawNexdigm Private Limited
ArticleDirector Of Company Cannot Be 'Party' To Arbitration Against The CompanyThe Delhi High Court in its recent decision has held that Directors of a company cannot be made parties to the arbitration proceedings initiated against the company.IndiaLitigation, Mediation & ArbitrationLakshmikumaran & Sridharan
ArticleForeign Directors In Indian Company – Obtaining PAN Card Made Mandatory:Section 139A of The Indian Income Tax Act specifies the list of persons who are required to obtain Permanent Account Number (PAN card) within the prescribed time limits.IndiaCorporate/Commercial LawDNV & Co
ArticleMCA Issues Update For Directors On New DIR-3 KYC Web FormMCA had introduced significant amendments to the DIR-3 KYC (a form for periodic KYC compliances for directors) compliance framework vide notification dated 31.12.2025 ("Amendment"). IndiaCorporate/Commercial LawSagus Legal
ArticleShareholders Cannot Step Into Director's Shoes: Held NCLATIn a significant ruling, the National Company Law Appellate Tribunal (NCLAT), Chennai Bench while deciding IA Nos. 1293 and 1295 of 2024 in Company Appeal (AT) (CH) (Ins) No. 129/2024 vide order dated March 7, 2025 held that the shareholders cannot be substituted in place of the suspended director.IndiaCorporate/Commercial LawAJA Legal
ArticleHigh Court Of Punjab & Haryana Holds That Moratorium Under The IBC Does Not Bar The Criminal Proceedings Against The Directors Under The NI ActThe High Court of Punjab and Haryana through its judgment dated 20.07.2026 in Ajay Gupta and Another v. Can Bank Factors Limited dismissed a Petition filed under Section 482 of the Code of Criminal Procedure, 1973 seeking quashing of criminal proceedings under Sections 138 and 141 of the Negotiable Instruments Act, 1881 on the ground that insolvency proceedings had been initiated against the company under the IBC. IndiaCriminal LawSagus Legal
ArticleFAQs on Companies Fresh Start Scheme, 2020 and LLP Modified Settlement Scheme, 2020Vide its circular dated March 30, 2020, the Ministry of Corporate Affairs ("MCA") had introduced the Companies Fresh Start Scheme, 2020...IndiaCoronavirus (COVID-19)LexCounsel
ArticlePersonal Hearing Prior To Disqualification Of DirectorsThe Madras High Court in the case of Bhagavan Das Dhananjaya Das versus Union of India and Anr. [2018] has ruled that a director ought to be given an opportunity of personal hearing, before...IndiaCorporate/Commercial LawAZB & Partners
ArticleSEBI Proposes To Revise Preferential Issue GuidelinesVide it's Consultation Paper dated 26 November 2021, the Securities Exchange Board of India/SEBI has recommended changes in pricing norms, lock-in requirements, pledge, etc...IndiaCorporate/Commercial LawAlpha Partners
ArticleVerification Of Registered Office AddressOn 21st February, 2019, the Ministry of Corporate Affairs (MCA) notified the Companies (Incorporation) Amendment Rules, 2019 ("Amendment Rules")IndiaCorporate/Commercial LawObhan Mason
ArticleAlternative Investment Funds And Venture Capital FundsSEBI, vide SEBI (AIF) (Amendment) Regulations, 2024 dated January 5, 2024, amended the principal regulations, to mandate AIFs to hold their investments in dematerialised form.IndiaFinance and BankingJSA Advocates & Solicitors
ArticleRBI Notifies Master Directions On Authorisation To Operate A Payment System1. Applicability – Under the Payment and Settlement Systems Act, 2007 (“PSS Act”), no person can operate a payment system without an authorisation issued by RBI in accordance with the PSS Act. PS directions are applicable only on entities applying for authorisation or authorised to operate a payment system under the PSS Act. Such authorisation is based on an ‘on-tap basis’IndiaFinance and BankingSagus Legal
ArticleSupersession Of The Board Of Directors And Appointment Of Administrator – Reliance Capital Limited ("RCAP")The Reserve Bank of India ("RBI") has, in its capacity as the regulator of non-banking financial companies and under the powers conferred to it pursuant to Section 45-IE (1)...IndiaInsolvency/Bankruptcy/Re-StructuringJuris Corp
ArticleMCA Grants Extension For Filing Cost Audit Report Under Rule 6(5) Of The Companies (Cost Records And Audit) Rules, 2014Taking into consideration, the various representations received from the stakeholders for the extension in the last date of filing, the Ministry of Corporate Affairs (MCA) vide its General Circular No.15/2021...IndiaAccounting and AuditNexdigm Private Limited