The IBC 2016 or insolvency Codes discusses amendment and consolidation of the laws relating to recognition and insolvency resolution of the corporate individual and partnership firms. These are introduced to work in a time-bound manner to maximize the value of assets of such person to encourage enterprise ship, credit availability and balance interests of all stakeholders including alteration in t......

Over the years of its operation, ITC has developed into a famous brand in the food and household items manufacturing sector. For investors, it has given healthy returns from its operations and came with bonus dividends from time to time. Thus, if someone had holdings of just 300 shares of ITC older than 25 years, then the investment in today’s scenario turned into a million-dollar returns ex......

If you have just found some of the old forgotten stocks of Nestle India in your father’s name or you have old certificates of investment in Nestle from the 90s then this blog is for you. Stocks of Nestle India Limited were floating at a price of more than Rs. 16, 000 per share in the stock market as of February 2021. If you haven’t kept a note on share growth of Nestle in the past two ......

Sexual Harassment is among the foremost basic dangers to any association or company. Workplace harassment isn’t just an unlawful activity restricted to the workplace. Harassment within the work environment has transformed into an important field of concern. Since the introduction of the POSH Act, the no. of cases of sexual harassment have shot up as the female employees now have a tool to ad......

Dormant shares have become a common thing in the Indian financial market. This is especially true for companies who are operating for decades and had their IPO released in the 70s or 80s. Now, even a small amount invested in these firms at that time could value a lot more in these times. This is especially true for firms like Eicher motors whose shares had a low value for most of their business hi......

What is ROC? Registrars of Companies (ROC) appointed under Section 609 of the Companies act covering the various states and Union Territories are vested with the primary duty of registering companies and LLP’s floated on the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory requirements under the ACT. The Registrar of Companies (ROC)......

Suppose your father brought some shares of a company 30 or 40 years ago and forgot about them. Now, after so many years, you find the physical share certificates and don’t know how to claim the associated dividends. If that is the case, then you are not in the possession of these shares anymore, although you are the rightful owner of the same. As per the Government’s regulations regard......

The Delhi High Court recently passed an order for removal of directors’ disqualification of petitioners who were directors of Kushal Power Projects Private Limited (struck-off) and Koksun Papers Private Limited (Active). They were disqualified due to the retrospective application of the Companies Amendment Act 2018, in June 2017. The Court also considered the role of Companies Fresh Start Sc......

Genesis of GST The Goods and Services Tax (GST) was initiated in India in the year 2000 but was implemented in 2017 after becoming an Act. Hailed as the most important indirect tax reform since independence, the GST Act has been framed with the intention to streamline taxes and introduce a comprehensive and uniform system of taxation for goods and services across India. Main Features of GST App......

In its objective to usher ineffective economic reforms, the government passed the Insolvency and Bankruptcy Code (IBC), 2016. This was hailed as a positive step by all stakeholders as it shifted the focus from ‘debtor in possession’ to the much needed ‘creditor in control’ when dealing with debts, defaults and financial failures of Corporates.   IBC 2016 is a com......

Role of MSMEs in India The contribution of MSME i.e. Micro, Small and Medium Enterprises, in a country’s economic growth & development, has been recognized by all countries and hence, is of paramount importance for India too. The benefits drawn from MSME in India are: A catalyst for the economy’s growth Creates job on a large scale Helps in sustaining economic growth Propel......

When the Insolvency and Bankruptcy Code, 2016 (IBC) was implemented in August 2016, it brought great cheer in the Indian market and was hailed by all stakeholders and industry experts as “The Act”.  It was believed that IBC is a comprehensive, consolidated and single law that lay down a robust framework for Insolvency and Bankruptcy, would resolve cases of the bad loan in the spe......

With a strong determination to cleanse the economic environment, make the processes transparent and improve India’s ranking in ‘ease of doing business index’, the Modi government embarked on introducing several economic reforms. In a series of new regulations, Insolvency and Bankruptcy Code 2016 (IBC), which came into force in August 2016, is undoubtedly a remarkable piece of le......

"The intent of the Code cannot be questioned and the hurdles arising can be said to be teething problems as it is in its infancy." - Kritika Chabbra  The Insolvency and Bankruptcy Code, 2016 (Code) is a Codification of Sections of various previous Acts to deal with corporate insolvency and bankruptcy. Hailed as a comprehensive economic reform, IBC was hailed as the fastest and most effectiv......

"The Insolvency and Bankruptcy Code, 2016 is still in its infancy and hence, evolving gradually as the ambiguities, gaps and loopholes emerge, case after case." IBC: A reform welcomed by All! The Modi government, in tandem with its poll promises and manifesto, has been sincerely working on improving the economic environment by taking up several reforms. One more step in this direction is the imp......

Like big companies, Small and Medium-sized Enterprises (SME) owners want to get their companies listed on the stock exchanges. This can give them access to capital that could be invested in driving economic development. However, not all SMEs fulfil their dream of getting listed as they fail to meet the SME IPO Listing requirements for listing on the BSE and the NSE. The significance and role of S......

IBC 2016 The Insolvency and Bankruptcy Code (IBC) is one of the most well-intentioned and ambitious piece of economic legislation passed by the government. The objective of the Code can be said to be: “An Act to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner for maximization ......

Supreme Court’s landmark judgement: Essar Steel insolvency case has seen a satisfactory closure of what was seen as an intriguing saga of insolvency, with numerous twists & turns! - Kritika Chabbra (Market Analyst, MUDS Management Pvt. Ltd.) Insolvency and Bankruptcy Code In its sincere desire to usher in economic reforms and improve the financial ecosystem, the Modi government has co......

SMEs: Driver of Economic Growth Small and medium enterprises are a major contributor towards the economy of a nation, and more so, in a developing country like India. An estimated number of 52.50 million, registered and unregistered SMEs account for 95% of the total industrial units in India, providing employment to almost 60 million people. Direct Advantages of SMEs   Generates Jobs&n......

Has Strike Off Of The Company Shattered Your Dreams? You are aware that implementation of Companies Act 2013 has brought about lots of vital changes and amendments in comparison to Companies Act 1956. One of the major clauses, under Section 248, is that non-compliance of Annual Returns and Financial Statements for the previous three years, would lead to dire consequences and the company shall be......