Introduction Throughout modern history of corporate governance, the world has witnessed countless episodes of corporate fraud and financial greed, unfettered with any remorse or responsibility whatsoever. The response has often oscillated from intense criticism to moderate policy action. Calls around the world from the society are made towards the companies for being more responsible. Among […]
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Introduction India Inc. has witnessed an enormous boom in the number of corporate marriages, causing a paradigm shift in investor sentiment, both in domestic and international markets. There was been a large number of deals witnessed in the recent decade. Although we lost a couple of years to a direct hit from the Covid virus, […]
Introduction A director is an individual who directs, supervises, or oversees the company’s affairs. According to the Companies Act, 2013 (“the Act”), a director is someone who is appointed to undertake the functions and duties of a company. The directors elected by the shareholders hold a fiduciary duty, and their decisions significantly impact the company’s […]
Publications
BENEFICIAL INTEREST AND SIGNIFICANT BENEFICIAL OWNERS FOR LLPS – A SHIFT TO A MORE TRANSPARENT CORPORATE REPORTING REGIME
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Introduction With a view to increase transparency in reporting for Limited Liability Partnerships (“the LLPs”), the Ministry of Corporate Affairs (“the MCA”) introduced Rule 22A and Rule 22B in the Limited Liability Partnership Rules, 2009 (“LLP Rules”) on 27/10/2023 and introduced the Limited Liability Partnership (Significant Beneficial Owners), Rules, 2023 (“LLP SBO Rules”) on 09/11/2023. […]
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Introduction The world marks International Women’s Day on the 8 March, 2023 as a celebration of “the social, economic, cultural, and political achievements of women”. The theme this year is #EmbraceEquity with a call to get the world talking about “why equal opportunities aren’t enough.” Imagine a gender equal world. A world free of bias, […]
Introduction The growing presence of Foreign Investments, whether in the form of Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI), necessitates significant attention to the Foreign Exchange Management Act, 1999 (FEMA 1999) Regulations and their adherence. Compliance with these regulations has become an integral aspect of business operations for entities involved in such investments. […]
“Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, […]
The Ministry of Corporate Affairs (‘the MCA’) vide its notification dated October 27, 2023, amended the Companies (Prospectus and Allotment of Securities) Rules, 2014 (‘PAS Rules’). This move has heightened compliance requirements for large private companies. For the purpose of this article, private companies imply all private companies which are not small companies as per […]