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  • Shutting Down A Company - Fast Track Exit Under The New Companies Act 2013

    Shutting Down A Company - Fast Track Exit Under The New Companies Act 2013

    One of the quick ways to shut down a company, when non-operational over a period of time, was through a process called Fast Track Exit (FTE). In its place, under the Companies Act, 2013 has brought in a process called

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Regulatory Updates: Insolvency and Bankruptcy Laws, Company Law, Tax Laws, SEBI, RBI, Labour Laws

    Regulatory Updates: Insolvency and Bankruptcy Laws, Company Law, Tax Laws, SEBI, RBI, Labour Laws

    Insolvency and Bankruptcy Law MCA has notified Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 which provides for the procedure of making an application to the Insolvency and Bankruptcy Board of India by a financial creditor, operational creditor etc.

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • The Bankruptcy Code: A Brief Overview (Part Two)

    The Bankruptcy Code: A Brief Overview (Part Two)

    Introduction This article is the second in a 3-part series that discusses and analyses the new Insolvency and Bankruptcy Code, 2016 (the “Code”). With this 3-part series, we seek to provide a more extensive understanding and analysis of the important

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • FDI in Financial Services Companies

    FDI in Financial Services Companies

    Fintech companies which are not necessarily NBFC have some points to keep in mind while raising investment as FDI. Definition: Non-Banking Financial Company (NBFC) is defined in the Reserve Bank of India Act, 1934 as follows: a financial institution which

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Returning Excess Foreign Investment - Can There be an Efficient Way Bankers can Adopt?

    Returning Excess Foreign Investment - Can There be an Efficient Way Bankers can Adopt?

    Foreign investment in India is governed by the Consolidated FDI Policy (“FDI Policy”), the Foreign Exchange and Management Act, 1999 (“FEMA”) and related rules and regulations. Reporting Requirements A company receiving Foreign Director Investment (FDI) is required to intimate RBI

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Regulatory Updates: RBI & Foreign Exchange Management Act, Insolvency and Bankruptcy Law, Benami Law, SEBI

    Regulatory Updates: RBI & Foreign Exchange Management Act, Insolvency and Bankruptcy Law, Benami Law, SEBI

    RBI & Foreign Exchange Management Act a.) External Commercial Borrowings (ECB) by Registered Startups Reserve Bank of India (RBI) on 27 October 2016 vide AP (DIR Series) Circular No. 13 permits Registered Startups (details here) to raise external commercial borrowings (ECBs)

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Foreign Direct Investment (FDI) in LLP

    Foreign Direct Investment (FDI) in LLP

    Limited Liability Partnership (“LLP”) Act allows Indian nationals, body corporate, foreign nationals, companies incorporated outside India, as well as foreign LLPs to become partners in LLP. The Government of India, by a Press Note issued in April 2011, took a

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Promotion and Acceleration of Young and Aspiring technology entrepreneurs (“PRAYAS”) - Benefits for startups

    Promotion and Acceleration of Young and Aspiring technology entrepreneurs (“PRAYAS”) - Benefits for startups

    For nurturing knowledge based and technology driven ideas and innovations into successful Start-ups, the Innovation & Entrepreneurship Division, Department of Science & Technology (“DST”), Government of India developed an umbrella programme called National Initiative for Developing and Harnessing Innovations (“NIDHI”).

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Regulatory Updates: Company Law, Foreign Exchange, Bankruptcy Law

    Regulatory Updates: Company Law, Foreign Exchange, Bankruptcy Law

    Company Law Ministry of Corporate Affairs has notified Companies (Mediation and Conciliation) Rules, 2016. The Rules provides details of eligibility, qualifications for empanelling experts as mediators or conciliators. It is believed that the time limit for completion or mediation or

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Game of Drones - Drone (UAV, UAS, UA) Regulations

    Game of Drones - Drone (UAV, UAS, UA) Regulations

    Flying a drone, unmanned aircraft (UA), is gaining high traction for both utility and benefit. As we started researching, there are many countries who do not have information, excepting countries like US, Japan, Germany, Australia and a few more. While

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Warehouses - Checklist of Licenses and Registrations

    Warehouses - Checklist of Licenses and Registrations

    There are numerous licenses and registrations for operating a warehouse. With the new economy of  sharing warehouse space, it becomes essential to ensure compliances of both the operator and the depositor of the goods. Below is a checklist, listing the

    Sharda Balaji
    By Sharda Balaji over 8 years ago
  • Compliance Under the Prevention of Sexual Harassment Act

    Compliance Under the Prevention of Sexual Harassment Act

    Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 came into force from December 2013. Earlier, we had written a brief about the Act, constitution of the Internal Complaints Committee (ICC). In this presentation, we are capturing the compliances

    Sharda Balaji
    By Sharda Balaji over 8 years ago
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