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.

  • Regulatory Update: Ministry of Electronics and Information Technology- Information Technology (Information Security Practices and Procedures for Protected System) Rules, 2018.

    Regulatory Update: Ministry of Electronics and Information Technology- Information Technology (Information Security Practices and Procedures for Protected System) Rules, 2018.

    The Ministry of Electronics and Information Technology (MEITY) vide notification dated 22nd May, 2018 has notified the Information Technology (Information Security Practices and Procedures for Protected System) Rules, 2018 (“Rules”) which shall come into force on the date of publication

  • Regulatory Updates: Ministry of Corporate Affair - the “Companies (Registered Valuer’s and Valuation) Amendment Rules, 2018.

    Regulatory Updates: Ministry of Corporate Affair - the “Companies (Registered Valuer’s and Valuation) Amendment Rules, 2018.

    MCA vide its notification dated 9 February 2018 has notified the “Companies (Registered Valuer’s and Valuation) Amendment Rules, 2018“, to amend Rule 11 on “Transitional Arrangement”, i.e. persons rendering valuation services. According to the provisions of these rules, any person

  • KBase - The Quarterly Newsletter from NovoJuris, June 2014

    KBase - The Quarterly Newsletter from NovoJuris, June 2014

    Business Gateway – Israel and India By Sharda Balaji, Founder, NovoJuris This May 2014, I attended the Israel Innovation Conference, at Tel Aviv, an event focused on Bio-Med and Hi-Tech. Having experienced Israel’s innovation capabilities from close quarters, from working with

    Sharda Balaji
    By Sharda Balaji over 5 years ago
  • Clarifications on appointment of Independent Directors under Companies Act, 2013.

    Clarifications on appointment of Independent Directors under Companies Act, 2013.

    With some open questions left on appointment of independent directors under the new Act, Ministry of Corporate Affairs has issued some clarifications on representations being made to it from various Industry Chambers, Professional Institutes. The clarifications are as follows: Pecuniary

    Sharda Balaji
    By Sharda Balaji over 5 years ago
  • How to choose your legal avatar?

    How to choose your legal avatar?

    With the new Companies Act 2013 introducing One Person Company, we thought of doing a refresh of our earlier comparative chart.   SL. NO. FEATURES ONE PERSON COMPANY (OPC) PRIVATE LIMITED COMPANY LIMITED LIABILITY PARTNERSHIP (LLP) SOLE PROPRIETORY PARTNERSHIP FIRM

    Sharda Balaji
    By Sharda Balaji over 5 years ago
  • Issue of sweat equity shares for a private company - Companies Act, 2013.

    Issue of sweat equity shares for a private company - Companies Act, 2013.

    Issue of sweat equity shares for a private company used to be regulated by Section 79A and Unlisted Companies (Issue of Sweat Equity Shares) Rules, 2003 under Companies Act, 1956. Now the same is regulated by Section 54 and Chapter

    Sharda Balaji
    By Sharda Balaji almost 6 years ago
  • Issuing of Shares with Differential Rights, Companies Act 2013

    Issuing of Shares with Differential Rights, Companies Act 2013

    Issuing shares with differential rights has become more prescriptive and restrictive  in Companies Act, 2013.New startups may  find it difficult to meet  the precondition of  consistent track record of distributable profits for last 3 years. Voting Rights when there are

    Sharda Balaji
    By Sharda Balaji almost 6 years ago
  • Criminal Liabilities of Directors under the Companies Act 2013

    Criminal Liabilities of Directors under the Companies Act 2013

      Companies Act 2013 has increased monetary penalties and imprisonment. The civil and criminal liabilities are not just on directors but includes “Officers in Default”.   There is heightened corporate governance requirements even for  startups and unlisted companies,  even though there

    Sharda Balaji
    By Sharda Balaji almost 6 years ago
  • Further issue of shares to existing shareholders -  Rights Issue / Preferential basis

    Further issue of shares to existing shareholders - Rights Issue / Preferential basis

    If the issuance of security is for a select group of people, called Private Placement, please refer to our post here.  If you wish to issue shares to existing equity shareholders, then read on. When a company proposes to increase

    Sharda Balaji
    By Sharda Balaji almost 6 years ago
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