Obtaining a no objection certificate or prior permission under section 281 of Income Tax Act, 1961 (Section 281 Certificate) is a mandatory ‘conditions precedent’ in a merger, acquisition or a secondary transaction. A general disdain is the time it takes
There is a common and a convenient rule of one vote - one share practised by most of the companies. This rule is generally referred to as voting rights on ordinary shares. However, when there is a requirement to deviate
NovoJuris Legal through the presentation available at our SlideShare page analyses the various labour welfare fund rules in India. A short background is provided herein: There are 16 States and Union Territories which have enacted or adopted the Labour Welfare
M&As and Investment transactions have been growing rapidly in India and there is no doubt that in such transactions allocating the risk of a breach is extremely important. In the recent past, we are witnessing detailed indemnification clauses including the
We are pleased to share with you an article that our Founder Sharda Balaji along with our Associate Avaneesh Satyang contributed to the 2nd volume, Issue 2 of the KNOWLEDGEex Magazine released by Indian Association of Alternative Investment Funds (IAAIF).
Indian labour laws require certain notices to be displayed on their notice boards in order to educate its employees as well as visitors to the establishment. These display requirements are mandated to be in English as well as the local
EISAI Co. Ltd along with the patentee (“Plaintiffs”) have instituted a suit for permanent injunction against Satish Reddy and others (“Defendants”) for restraining the Defendants from manufacturing, selling, distributing, exporting or offering for sale any product that infringes the Plaintiff’s
Section 396 of the Companies Act 1956 (‘the Erstwhile Act’) (i.e. Section 237 of the Companies Act 2013) gives power to the Central Government to order "forced amalgamation" of two companies if it is satisfied that it is essential in
Introduction The Ministry of Corporate Affairs (MCA) had notified the Companies (Incorporation) Third Amendment Rules, 2019 on 29 March 2019 which introduced the e-form INC-35 [Application for Goods and services tax Identification number, employees state Insurance corporation registration pLus Employees
The Madras High Court delved into an important issue related to protecting children’s privacy in the context of web-based applications such as Tik-Tok, published by Bytedance (India) Technology Private Limited (“Company”). The petitioner contended that the app was “degrading culture”,
Determining the fair market value (FMV) of unquoted shares may prove to be challenging for companies owing to choose the valuation method. There have been multiple rulings by the Income Tax Appellate Tribunal (the “ITAT”) wherein the methodology adopted by
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