With the recent enactment of the Companies Amendment Act, 2017, the legislature’s attempt to clean up the provisions of the existing company law and to facilitate easy business for companies will get mixed reactions.
IBC ordinance, Uday Kotak panel recommendations are constraints on business; all promoters are not evil
Promoters, supposedly the founders and creators of corporations and wealth for other stakeholders, can’t always be termed as destroyers of the wealth they create, even when their corporations or businesses become NPAs.
Uday Kotak panel report is more disruptor than game-changer? Corporate governance norms may be obeyed in name only
“Not again!”—could be the reaction of the corporate sector on seeing the new proposals for corporate governance, made by the Uday Kotak committee that was constituted by Sebi.
Readers may recall that last year in March Sebi had floated a discussion paper for public consultation intending to comprehensively change the concept of control in a listed company.
It flows from the judgment that indemnity payments, too, may not need RBI permission though the bank insists on this at present.
What could have driven the creditor in Stayzilla’s case to file a criminal complaint alleging cheating by the start-up and its founders for non-payment of the dues?
Unlike in a takeover, in mergers, non-compete fee provided in the scheme is approved by majority shareholders
The government must keep a low threshold of shareholders or depositors needed to initiate class-action
This will speed up resolution of issues outside the companies Act and make doing business in India easier
The clamour of private firms seeking more exemptions should not be left unheard
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