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