Legal

Price Waterhouse (PW) has petitioned the Securities Appellate Tribunal (SAT) against Sebi's order barring firms in its network from auditing listed entities for two years.   “We have moved SAT...
Jan 18, 2018
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Sebi is looking at whether Tata Sons’ plan of becoming a private limited company from a public one would impact shareholders, especially minority shareholders of listed Tata entities that own...
Jan 17, 2018
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The Income Tax Department has attached more than 900 properties worth about Rs 35 billion under the Prohibition of Benami Property Transactions Act, which came into force on November 1, 2016. The...
Jan 12, 2018
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The Ministry of Corporate Affairs (MCA) has asked the Serious Fraud Investigation Office (SFIO) to probe 57 suspected shell companies based on reports by regional directors of the office of the...
Jan 03, 2018
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Financial Year 2017-18 may well go down in India’s history as the period when the Government of India took some bold and drastic steps in its endeavour to overhaul the legal system in the country....
Dec 28, 2017
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A hostile takeover by an ‘insider’ appears counter-intuitive. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015 (Insider Trading Regulations) bars an...
Dec 07, 2017
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The IT department has served notices to more than 50 people named on the list of secret Swiss accounts with HSBC Geneva, informing them about the date of hearing of their cases.    The Income-...
Dec 04, 2017
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The government might next make Aadhaar linkage with property transactions mandatory.  Union Housing Minister Hardeep Puri has said that he has no doubt the linkage would happen.    Puri said...
Nov 22, 2017
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News of class action litigation seems to have got a new lease of life with Indian companies being sued in the United States, primarily under securities laws there. Class action suits against Indian...
Nov 09, 2017
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Today, the ascent of a shadow economy is no surprise. In fact, this system has existed since the very inception of the term ‘economy’. What’s surprising is how shadow economies are mushrooming...
Oct 30, 2017
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In a welcome move, the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017 have been noti­fied with effect from 16 August 2017...
Sep 28, 2017
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Business can be carried in various forms and structures in India. These structures include sole proprietorships, general partnerships, limited partnerships, limited companies, unlimited companies and...
Jul 27, 2017
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The whole point and principal behind arbitration is that the Arbitral Tribunal (“AT”) must act fairly and without any partiality while formulating the final award. However, does this come at the cost...
Jul 26, 2017
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The Government of India (GoI) had set up a Companies Law Committee (the Committee) in June 2015 to examine the need for further amendments in Companies Act, 2013 (Co-Act 2013). The Committee invited...
Jul 26, 2017
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In the last decade, the frequency of corporate frauds and gover­nance failures that have dotted the global corporate map have witnessed comparably vigor­ous efforts of improving corporate gov­...
May 16, 2017
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A fraud involving more than Rs 1000 crore is being investigated by the CBI at Syndicate Bank. The alleged fraud is said to include fake bills and providing overdraft limits against non-existent...
Mar 08, 2016
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Consider what happens when a ship that is expecting to dock at a Jordanian port decides to abscond when faced with hurdles? It is finally discovered in the waters, off Alexandria a month later. “We...
Oct 07, 2015
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Aggressive efforts by the state of Tamil Nadu have paid off in the form of deals worth Rs. 240,000 crores (USD 36.4 billion) having been signed at the two day Global Investor Meet early in the...
Oct 01, 2015
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