Corporate Law Articles

IBBI's New Proposal: Streamlining MSME Resolution with Registration and Disclosure Reforms

CS Peer mehboob 28 August 2024 at 14:09

On August 23, 2024, the Insolvency and Bankruptcy Board of India (IBBI) introduced a discussion paper proposing crucial amendments to the IBBI(Corporate Insolvency Resolution Process) Regulations, 2017 (CIRP Regulations).

Buyback of Shares - Process and Taxation

CS Akansha Rathi 27 August 2024 at 08:32

The buyback of shares is a corporate financial strategy where a company repurchases its own shares from existing shareholders. This process reduces the number of outstanding shares, thereby increasing the ownership stake of remaining shareholders.

Unpaid and Unclaimed Dividend - Treatment and Transfer to Investor Education and Protection Fund IEPF

Affluence Advisory 27 August 2024 at 08:32

The shareholders in a Company except a Company registered under Section 8, are eligible to get a portion of the Company's profit depending on the number of shares held, this is known as a dividend. It is a distribution of gains by a Company to its members/shareholders.

Unified Pension Scheme (UPS)

CA Suresh Kumar Agarwal 26 August 2024 at 08:32

Under the new scheme, staff will receive 50 percent of the average basic pay of their last 12 months before retirement as a pension; provided they have served for a minimum of 25 years.

The Process of Management Transition Following NCLT Approval of a Resolution Plan

CS Akshi Jain 23 August 2024 at 09:32

This article outlines the procedures, legal requirements, and practical steps involved in the management transition of a corporate debtor.

Forfeiture of Shares: Guide to the Process and Implications

Affluence Advisory 22 August 2024 at 08:28

Share forfeiture can be defined as the process of a cancelling the shares allotted to the defaulting investors by the company.

Best Practices to be followed in Corporate/Industry

Chhaviraj Joshi 19 August 2024 at 14:25

Promoters should have appropriate qualifications and requisite experience. If the promoter has studied at a foreign university and knowledge of law, etc., in the Indian context is not known to him, then another director should have that knowledge or experience.