Under the Insolvency and Bankruptcy Code, 2016 (the Code), a financial creditor can initiate a Corporate Insolvency Resolution Process (CIRP) by filing an application before the jurisdictional National Company Law Tribunal (the NCLT) upon the occurrence of a default in
Initial Coin Offerings (“ICOs”) has gained prominence in the world of crypto-currencies and startups as a relatively-easy fundraising mechanism. News about raising millions of dollars in a few seconds upon opening of the ICO is adding to the frenzy. Many
Compulsorily Convertible Debentures (CCDs) are considered to be hybrid instruments / and equity linked instrument, i.e. they are treated as debt till the time they are converted into equity. When they are issued it is a debt, after a period
Independent Directors (ID) bring objectivity and an independent opinion to the decisions made by the directors of the company. IDs play a supervisory role and take into account the interests of shareholders, creditors, employees and other stakeholders in general. While
Employee Stock Option or ESOP is a mechanism through which companies provide options to their employees to purchase equity shares and become stakeholders in the companies, at a pre-determined price, and upon “Exercise”. To read more on the basics of
Junior Partner Ms. Sohini Mandal appeared on the Prathibha Sastry Show talking about the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act 2013 (POSH). She also talks about her experience in conducting Internal Complaints Committee procedures. The
Background The Ministry of Corporate Affairs (the MCA) on 26 December 2016 notified the process of strike-off of the company from the register of Registrar of Companies (the RoC). The strike-off can be either suo-moto by RoC or on an
Background The Insolvency and Bankruptcy Code, 2016 (Code) was notified effective 28 May 2016 with an aim amongst many others, to complete insolvency resolution process in time bound manner, to revive the entity and to ensure/safeguard the value of creditors
Proprietary algorithms are developed to analyse vast amounts of data for trends, patterns and hidden nuances by businesses. These algorithms are typically trade secrets developed by the businesses to aid them in taking commercial decisions or could be their business
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