Corporate Law Articles

Knowledge Update for the month of May

Posted by Akansha Rathi and Associates 05 June 2020 1981 Views

Know all the recent updates that were notified in the month of May. This article provides the latest announcements for Finance and Tax Professionals.

MSME: Further revision in definition

Posted by Jasmeen Marwah 05 June 2020 2097 Views

MSME definition has further been revised by the ministry. The investments and turnover limits have been increased for the medium enterprises to 50 crores and 250 crores.

Corporate Loans & Applicability of Section 185 & 186

Posted by Dipen Thakkar 05 June 2020 13689 Views

After the introduction of Section 185 and 186, transactions related to inter-company loans and guarantees become complicated to go ahead along with the compliance to such provisions.

Legal Identity Identifier- A Bar Code for Corporates

Posted by Dhanesh 04 June 2020 6867 Views

At the time of the 2008 financial crisis, a single identification code unique to each financial institution was unavailable worldwide. It means that each country had different code systems to recognize the counterpart corporation of financial transactions and calculate the total risk amount.

MSME: New forms for classification

Posted by CS Lalit Rajput 04 June 2020 5909 Views

MSME new definition was given by the FM while giving the details of the Economic Relief Package. MSME new definition will take effect from 1st of July 2020.

Brief on Slump Sale

Posted by Vikram Sirohi 04 June 2020 15061 Views

A slump sale is mainly affected by the way of Business Transfer Agreement ("BTA"). BTA's are typically subject to negotiations.

New definition of MSMES approved by Cabinet

Posted by CS Lalit Rajput 02 June 2020 1881 Views

The definition of MSMEs has been further revised. The definition for medium enterprises has been revised upwards to an investment of Rs 50 crore and a turnover of Rs 250 crore.

MSME Definition: Changes in the definition of MSMEs

Posted by Jasmeen Marwah 02 June 2020 6207 Views

The definition of MSMEs has now been revised by the government of India due to the outbreak of the COVID-19 pandemic. The investment and turnover limit has been enhanced.

Analysis of Buy Back of shares

Posted by CA LOKESH KASAT, FCA, M.Com 01 June 2020 2443 Views

Section 68 of the Companies Act 2013 contains provisions with respect to Buy Back of Shares.Every Buy-Back shall be completed within 12 months from the date of passing the Special Resolution, and between two Buy Backs, there must be a difference of at least 12 months.