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Corporate Offences are broadly classified as civil and criminal offences. The offences committed by the directors and officers of a corporate body, which is criminal in nature, also fastens on the corporate body, being an independent legal entity, in the same manner and to the same extent as the perpetrators of the offence.

The Insolvency and Bankruptcy Code, enacted in 2016, revolutionized India's approach to corporate insolvency. It established a time-bound process aimed at either reviving financially...

"The Hob'ble Supreme Court in the case of Commissioner of Customs v. Canon India Private Limited (Review Petition no 400 of 2021) allowed the review petition filed by the Customs Revenue Department.

Deferred consideration mechanism and indemnity escrows form an integral part of the mergers and acquisition transactions and play an important role in structuring the transaction.

The National Company Law Appellate Tribunal (NCLAT), New Delhi Bench recently considered oppression and mismanagement under section 241-242 of the Companies Act, 2013...

"There has been a debate about building into statutes, criminal liability for acts that are civil in nature. Hence, for Companies Act, certain amendments are proposed to be made that will correct this."

The banking business around the world has witnessed several changes and started practicing a developed system.

As noted, effective July 1 all Indian companies will have to comply with the provisions of the Act, articles of association, applicable rules and SS-1.

In the interplay of corporate governance and law, the principle of vicarious liability is an often discussed and contentious subject.

A discussion on the Principle of Double Majority.

The Ministry of Corporate Affairs (MCA) plays a pivotal role in ensuring corporate governance and transparency in India. In recent times, it has been stepping up efforts...

This is the last post in the four part blog series. It takes long time to shut down a company in India. The procedural aspects are long and there can be delays in these processes.

With a focus to ease doing business in India, the Government of India through this Bill addresses inconsistencies and procedural restrictions in the present Companies Act, 2013.

The best practices in business require the establishment faith of fulfilment of obligations by the transacting parties.

The Hon'ble Supreme Court of India in the matter of TRF Limited vs. Energo Engineering Projects Ltd. (decided on July 3, 2017) dealt with a case in which an arbitrator under the arbitration clause became ineligible to act as an arbitrator ...

Directors and officers of companies have had the responsibility to ensure that the best interests of the company, its employees and stakeholders, the community at large, are adequately safeguarded.

As has been the case since time immemorial, directors and officers of companies have had the responsibility (and indeed the duty) to ensure that the best interests of the company, its employees and stakeholders, the community at large, as well as the environment, are adequately safeguarded.

Securities Exchange Board of India ("SEBI"), caretaker of investors' interest, introduced some amendments in the Securities and Exchange Board of India ...