Lakshmi Kumaran & Sridharan AttorneysAn ISO 9001 / 27001 certified law firm

Corporate Articles

Search From Date To Date
Holding-subsidiary loans prohibition - Respite under company law

By Dinesh Babu Eedi Prelude On 2nd December, 2014, the Union Cabinet, approved the Companies (Amendment) Bill, 2014 (‘Amendment Bill’) for introduction in Parliament (Lok Sabha) to make certain amendments in the Companies Act, 2013 (‘2013 Act’).  The 2013 Act was brought into force partly on 12th September, 2013, and on 1st April, 2014, of 470 Sections of the 2013 Act, 283 Sections and 22 s...

Insider Trading Regulations, 2014 – An Overview

By Rohit Subramanian The malfeasance of insider trading has attracted the attention of regulators from jurisdictions across the world, especially in the light of discovery of massive frauds, both in the Indian and international capital markets. The lacunae in the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 (the “existing regulations”) has had a de...

An overview of Real Estate Investment Trusts in India

By Kritika Krishnamurthy Real estate is the second largest employer after agriculture and is slated to grow at 30% over the next decade. The Indian real estate market size is expected to touch $180 billion by 2020[see end note 1]. The sector has attracted a host of major Indian businesses in the last few years but continues to remain largely unorganized and poorly regulated with no technical...

Responsibilities of independent director - A magic bullet or unnecessary appendage?

By Devaditya Chakravarti and Varun Chablani The recently enacted Companies Act, 2013 (“Act”), has not only ushered in a new legislative framework but has also put in a place a new paradigm of corporate governance with detailed provisions as to appointment of independent directors. In the past few months, this model has been further bolstered by the clarifications issued by the Securities and ...

Recent FDI reforms in India

By Sonia Abrol Foreign funding is important to bridge the huge fund gap of investment in infrastructure in India, which in turn will spur economic growth. According to a recent report, the inflow of foreign direct investment (“FDI”) was US $ 28 billion in 2013, an increase of 17% over the previous year. The services sector attracted the highest FDI inflows in FY14 with US$ 2.25 billion, follo...

Understanding Corporate Social Responsibility (CSR)

By Divya Jain The Companies Act, 2013 (CA 2013) has introduced path-breaking changes in  governance mechanisms, compliances and disclosures, appointment and scope of  auditors, responsibilities of independent directors, investor protection  and mergers and acquisitions. Introduction of new concepts like   ‘corporate social responsibility’ for the first time anywhere in the world is in line wi...

Satellite Communications Policy in India – Time to revisit and revise

By Nikhil Singal Recently, the Indian Space Research Organization, popularly known as ISRO, launched a PSLV C-23 rocket carrying a French Earth Observation Satellite along with four other satellites belonging to Germany, Canada and Singapore. After the launch, the Indian Prime Minister congratulated the Department of Space, and mentioned that India’s space programme is the perfect example of ...

Committees under the Companies Act, 2013

By Anup Koushik Karavadi Introduction With an eye on improving governance the Companies Act, 2013 (2013 Act) mandates a number of Board committees for specified companies for audit, nomination and remuneration, Corporate Social Responsibility and stakeholders relationship. Clause 49 of the Listing Agreement also envisages such committees for listed entities. Audit Committee Under Sectio...

The perfect Share Purchase Agreement

By Barnik Ghosh Share Purchase Agreements (SPA) come in different colors and shapes - long, short, detailed, complicated, conditional, two or multi-party. One common thread is the need to make SPAs balanced and most importantly, enforceable. While keeping in mind the fundamentals of the transaction, a lawyer needs to prioritise the business aspects while ensuring that the legal  points are no...

Sports law reforms in India – Agenda for 2014

By Vidushpat Singhania The United Nations estimates that 3% of the total economic activity globally emanates from sports. This is significant, given that most leading industries cannot boast of such a large impact on the world GDP.  Further, the frenzy, patriotic fervor and passion generated by sports makes it the equivalent of war leading some legends like Bill Shankly to comment: “[football...

Voting rights of holders of depository receipts abroad

By Neha Yogi Depository Receipts (DR) are negotiable securities issued outside India by a depository bank against underlying rupee shares that are issued by a company incorporated in India. The DR can represent a fraction, single or multiple shares of an Indian issuer company (‘the Company’). Issuance of DRs to non-resident investors is allowed under the prevailing FDI Policy of India read wi...

Restraining legal proceedings - Recent trends

By Shikha S. Jaipuriar The general law of contract recognizes promises made for consideration as legally enforceable agreements. However, it frowns upon certain promises and prohibits their enforcement, including those that are in restraint of legal proceedings. Introduction Section 28 of the Indian Contract Act, 1872 contains one of the seven governing principles to determine when an agr...

Page(s) 1 2 3 4 5 
Please refer 'Archives' section to see older items.
Search People
Search People
Alphabetical by First Name
A|B|C|D|E|F|G|H|I|J
K|L|M|N|O|P|Q|R|S|T
U|V|W|X|Y|Z
Enter at least a name or a keyword to search