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
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
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
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
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
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