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Corporate Amicus: March 2017

Companies Act, 2013 has been amended by Insolvency and Bankruptcy Code, 2016. The amendment now defines the term “winding up” as “winding up under this Act or liquidation under the Insolvency and Bankruptcy Code, 2016.”

Corporate Amicus: February 2017

Slump sale is a commonly used method of business acquisition and in order to give effect to the transaction, the parties typically enter into a Business Transfer Agreement (BTA).

Corporate Amicus: January 2017

Benami Transactions (Prohibition) Amendment Act, 2016 covers comprehensively all aspects of transactions or arrangements where the source of funding for acquisition of a benami property has no permissible links to the ownership structure.

Corporate Amicus: December 2016

Recent Bombay High Court judgement has sparked a debate on the issue of stamp duty payable on the order sanctioning the scheme of amalgamation where the transferor and transferee companies have registered offices in two different States in India.

Corporate Amicus: November 2016

Taking cognizance of instances where promoters, directors and key managerial personnel (Senior Management) of certain listed entities received rewards from private equity investors, SEBI has issued a Consultative Paper on “Corporate Governance Issues in Compensation Agreements” for public comments.

Corporate Amicus: September 2016

While E-commerce has touched all forms of business transactions at present, E-wallets or mobile wallets are slowly taking over the traditional system of payments.

Corporate Amicus: August 2016

Real Estate (Regulation and Development) Act, 2016 has been promulgated with the objective of establishing institutional infrastructure to ensure that the real estate sector functions in an efficient and transparent manner and consumer interests are protected.

Corporate Amicus: July 2016

Banking Laws (Amendment) Act, 2012, introduced Exception 3 to Section 28 of Indian Contract Act, 1872 as a saving clause for a guarantee agreement of a bank or a financial institution.

Corporate Amicus: June 2016

Under Power Purchase Agreements (PPAs) while quoting the capacity charge and the energy charge, bidders have to also indicate their escalable/ variable component and non-escalable /fixed component.

Corporate Amicus: May 2016

Larger Bench of the Bombay High Court has held that stamp duty is payable on a High Court Order sanctioning a scheme of merger/reconstruction, as an instrument of conveyance.

Corporate Amicus: April 2016

'Control' is a term of wide connotation and, by its very nature, is not amenable to any precise standard definition of general application.

Corporate Amicus: March 2016

Law relating to the establishment of Commercial Courts, Commercial Division and Commercial Appellate Divisions has recently been enacted.