Tag: Companies Act 2013

Use of proceeds clauses in India need monitoring, audit rights and enforceable remedies are beyond covenants

Delhi HC sets aside interim injunction in director removal dispute, highlights corporate governance limits under arbitration law

India plans to widen the fast-track merger process to ease corporate restructuring

Section 32A’s clean slate protection is weakened by prolonged enforcement overlaps

Should directors be personally liable for wrongdoing when impleaded in a case?

The board of directors oversees top-level decisions and sets the tone for a company’s operations and public image

Growing awareness of the impact of environmental, social and governance (ESG) standards is pushing companies around the globe

The Supreme Court’s 3 May judgment, in MK Rajagopalan v Dr Periasamy Palani Gounder & Anr, shows insolvency resolution plans must be approved by a committee of creditors before being put to an adjudicating authority

By recognising the state government as a secured creditor, the Rainbow Papers judgment exposes the Insolvency and Bankruptcy Code to incongruous uncertainty

The NSE scandal comprising a mysterious Himalayan yogi, a “group operating officer” who had never worked in the securities market, and a board that looked the other way shows that it takes only a few key individuals to tarnish even a hallowed institution.

The markets regulator has begun a process to move away from the broad concept of promoter to controlling shareholders in order to better identify who’s in charge. Shivanand Pandit reports