The article in this 100th issue of L&S Corporate Amicus discusses at length the consequential effect of the implementation of Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019. As per the Rules, an online databank of persons eligible to be appointed as Independent Directors (ID) will be placed on the website of Indian Institute of Corporate Affairs and any ID whether already appointed or is proposed to be appointed must undergo the process of passing online pr
The article in this issue of Corporate Amicus explains the key features of the draft Consumer Protection (e-commerce) Rules 2019 proposed by Ministry of Consumer Affairs. The draft Rules, issued in the wake of the movement against deep discounts offered by e-commerce giants, propose to create liabilities on the e-commerce companies with respect to quality control of products offered, removal of counterfeits, and mandatory returns on non-match of products with their advertisements.
The article in this issue of Corporate Amicus discusses the scope of new provision related to product liability introduced in the newly enacted Consumer Protection Act, 2019.
The first article in this issue of Corporate Amicus elaborately discusses various features of the Draft Employees’ Provident Funds and Miscellaneous Provisions (Amendment) Bill, 2019 which was recently released by the Ministry of Labour and Employment.
The article in this issue of Corporate Amicus discusses the merits of Liquidation Preference (LP) which is an active option with the investors who seek to secure their investments. Liquidation preference ensures returns on a predetermined price for an investment in the event of liquidation.
SEBI approves shares with differential voting rights - A welcome move By L. Badri Narayanan and Pooja Vijayvargiya SEBI has recently approved a framework for issuance of shares with differential
Liquidation preference - Relevance in private companies By Priyanshi Singhal Liquidation preference (LP) is essentially a tool for protection of investor in an event of liquidation. The advantage of
Recovery proceedings for debt for period prior to approval of resolution plan By Ankit Parhar In the event of liquidation of a corporate debtor, operational creditors being unsecured do not get any
Supreme Court restates law vis-à-vis an arbitrator’s power to grant interest By Ankit Parhar The Supreme Court has recently restated the law vis-à-vis an Arbitrator’s power to gra
Companies (Significant Beneficial Owners) Amendment Rules, 2019 - Significant clarity at last By Sudish Sharma, Samad Ali and and Anantha Desikan S The first article in this issue of Corporate A
Banning of Unregulated Deposits Schemes Ordinance, 2019 By Sudish Sharma and Vishakha Singh In order to address the illegal deposit taking activities and to regulate them, Government of India in
Indemnity clause in Share Purchase Agreement By Anurag Pareek Indemnity clauses in share purchase agreements (SPAs) have a wide scope than that provided under Section 124 of the Indian Contract Act, 1872.