Corporate Amicus: March 2020

Reserve Bank of India in 2016 had issued a framework for imposing monetary penalties on Authorised Payment Systems Operators / banks under Payment and Settlement Systems Act, 2007. This Framework which provides a procedural guidance on levy of penalties and compounding under the PSS Act, has been recently updated by the RBI.

Corporate Amicus: February 2020

The article in this issue of Corporate Amicus discusses issues related to recently introduced system of Convertible Notes (C-notes). C-Notes have been defined as an instrument of debt, which can be converted to equity or redeemed. The author believes that C-notes are similar to optionally convertible debenture (OCD) and fall under its definition under Section 2(30) of the Companies Act, and hence their issuance should mandatorily comply with Section 71 of the Companies Act read with Rule 18 of t

Corporate Amicus: January 2020

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

Corporate Amicus: December 2019

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.

Corporate Amicus: November 2019

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.

Corporate Amicus: October 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.

Corporate Amicus: September 2019

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.

Corporate Amicus: August 2019

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

Corporate Amicus: July 2019

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

Corporate Amicus: June 2019

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