CS S.Abhinav

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As my title suggests, Corona virus or COVID-19 has merged into the Corporate scenario to create havoc on the smooth functioning of businesses worldwide. It is also leading to compliance issues in the Boards of many Companies around the world.   As you all know Corona virus or COVID-19 has affected the sporting industry tremendously for example the suspension of Indian Premier League (IPL), ......

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CSR has become a Compulsory Social Responsibility instead of its original term Corporate Social Responsibility after the Companies Amendment Act, 2019 got passed in Parliament few days ago. Even though the intention of the Government was to make the Companies fall in line and spend their allocated funds into CSR Activities in true letter & spirit, the overhaul of CSR provisions under the Amend......

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  • 22 Dec 2018
  • CS S.Abhinav
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The Lok Sabha on 20th December, 2018 passed the Consumer Protection Bill 2018 and once it comes into force it will apply to the whole of India except Jammu & Kashmir and will replace the existing Consumer Protection Act, 1986 as a whole. The 3 main highlights of the bill are: National Level Regulator: The Consumer Protection Bill, 2018 has paved the way for a regulator called Central Consum......

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  The recent controversy surrounding the PNB scam has thrown light to ‘Round Tripping’ which is said to be rampant in Indian economy especially in diamond trade. Many Indian Corporates are resorting to round tripping to dupe the banks and to realize abnormal revenue & gains. There has been a tremendous rise in corporate bosses indulging in financial mischiefs & fraud. So ......

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Dear Professional Colleagues, The Fugitive Economic Offenders Bill 2017 was drafted by the Union Government of India to prevent the economic offenders from evading the process of law by remaining outside the jurisdiction of Indian courts. The Fugitive Economic Offenders Bill is aimed squarely at the likes of Nirav Modi and Vijay Mallya. The bill after becoming an Act will be applicable to the who......

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A Cryptocurrency is a virtual or digital currency or money that uses Cryptography for security. Cryptography is a process that converts legible information into uncrackable codes Cryptography was born out of the need for secure communication in the Second World War. The Security feature of a cryptocurrency is so advanced therefore it becomes an uphill task to counterfeit it. Bitcoin was the firs......

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The Financial Resolution and Deposit Insurance Bill, 2017 was introduced in Lok Sabha during Monsoon Session 2017. The Bill is currently being examined by a Joint Committee of the two Houses of Parliament. Under this bill a new entity called ‘Resolution Corporation’ is established, which in case of failure of financial firms such as banks and insurance companies will monitor the risk f......

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