Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • Modes of closing a business - Series IV: Voluntary Winding-up

    Modes of closing a business - Series IV: Voluntary Winding-up

    This is the last post in the four part blog series. It takes long time to shut down a company in India. The procedural aspects are long and there can be delays in these processes. Further, ensuring that the many

    NovoJuris
    By NovoJuris 8 months ago
  • Modes of closing a business - Series III: Obtaining status of Dormant by a Company

    Modes of closing a business - Series III: Obtaining status of Dormant by a Company

    The Covid situation has struck an adverse blow on many businesses big and small. It certainly is an unforeseen challenge for many companies, specially startups. This is a third part of the blog series on closing a business. Our Series

    NovoJuris
    By NovoJuris 8 months ago
  • Modes of closing a business Series II: Striking Off of the name of the Company by the Registrar of Companies

    Modes of closing a business Series II: Striking Off of the name of the Company by the Registrar of Companies

    The Covid situation has presented unprecedented challenges to businesses big and small. It has also struck a fatal blow to some of the young startups. In our previous Series I of the blog we covered steps involved in summary procedure

    NovoJuris
    By NovoJuris 8 months ago
  • Modes of closing a business - Series I: Summary procedure of liquidation

    Modes of closing a business - Series I: Summary procedure of liquidation

    The COVID-19 pandemic situation is challenging the economies of the world, including an impact on large and small businesses. Despite the many relaxations granted by the Government of India and various State Governments, the impact on businesses is high. While

    NovoJuris
    By NovoJuris 8 months ago
  • Remuneration to India Fund Manager of Offshore Funds

    Remuneration to India Fund Manager of Offshore Funds

    Pursuant to the recent notification by the Central Board of Direct Taxes (“CBDT”), there has been an amendment to the income tax rules in relation to the minimum remuneration payable by an offshore fund to its India based fund manager (“Fund

    Sharda Balaji
    By Sharda Balaji 10 months ago
  • Covid 19:  Relief Measures to small businesses in India.  Atmanirbhar Bharat Abhiyan.

    Covid 19:  Relief Measures to small businesses in India. Atmanirbhar Bharat Abhiyan.

    "Atmanirbhar" means self sufficient or self-independent   The Micro, Small and Medium Enterprise (MSME) sector plays an important role in India’s economy by making significant contribution to manufacturing output, creating employment, exports and especially by providing inclusive growth in the

    Sharda Balaji
    By Sharda Balaji 8 months ago
  • Workmen dues under the Employees Provident Fund Act and the Insolvency Code   

    Workmen dues under the Employees Provident Fund Act and the Insolvency Code  

    Section 53 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) provides for the order of priority in which the proceeds from the sale of liquidation assets is to be distributed. The Section includes workmen due and the amounts payable to

    Sharda Balaji
    By Sharda Balaji 8 months ago
  • Copyright issues in Audio Books

    Copyright issues in Audio Books

    Authors of original work in any form have copyright protection and audiobooks are no exception to this. Section 17 of the Copyright Act, 1957 sets out that the author or creator of work is the first owner of copyright. Copyright

    Sharda Balaji
    By Sharda Balaji about 1 year ago
  • Space: Liabilities in India and other countries

    Space: Liabilities in India and other countries

    Millions of pieces of space debris litter the space, be it defunct satellites (average lifespan of a satellite is 5-8 years) or the intentional destruction of satellites through anti-satellite missile testing (ASAT) demonstrated successfully by United States (US), Russia, China,

    Sharda Balaji
    By Sharda Balaji over 1 year ago
  • Valuation of shares: Choosing the Valuer

    Valuation of shares: Choosing the Valuer

    Valuation in early stage companies should be market driven, as in, there is an investor willing to invest and a company which is primed to grow. The discussion between them should be the guiding factor. However, this point is highly

    Sharda Balaji
    By Sharda Balaji over 1 year ago
  • Highlights of the Companies Amendment Act, 2019

    Highlights of the Companies Amendment Act, 2019

    The Ministry of Corporate Affairs has amended the Companies Act 2013 vide the Companies (Amendment) Act, 2019 (the “Amendment Act”) notified on 31 July 2019. The Amendment Act takes into account the amendments that were already notified in the Companies

    Sharda Balaji
    By Sharda Balaji over 1 year ago
  • Product Liability vis-a -vis the Consumer Protection Act, 2019

    Product Liability vis-a -vis the Consumer Protection Act, 2019

    In India, we do not have one specific statute which covers the legal framework for product liability claims. Product Liability prior to the Consumer Protection Act, 2019 Prior to the Consumer Protection Act, 2019 (“New Act”) there was no specific

    Sharda Balaji
    By Sharda Balaji over 1 year ago
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