INTRODUCTION The changing market dynamics, from crashing stock markets to restaurants, airlines and businesses shutting down, the Coronavirus (“Covid-19”) has hit almost every sector. The pandemic has not only caused global business disruption by halting the international trade, it has also caused major economic unrest affecting the small companies and organizations that w......

1. Introduction 1.1   In ordinary parlance, a hostile takeover shall imply the acquisition of Target Company by the Acquirer which is accomplished by going directly to the company's shareholders or fighting to replace management to get the purchase approved. A hostile takeover can be achieved through either an open offer or a proxy fight. There have been very few instances of a hostil......

Introduction   Angel tax means the tax payable by unlisted companies during the raising of capital wherein the share price exceeds the fair market price of the share sold. The tax was initially conceptualized in the 2012 Union Budget by then finance minister Pranab Mukherjee with an endeavor to curtail the flow of illegitimate laundering of funds. The provision had a draconian impact on ang......

Introduction The recent slump in the real estate industry culminated in a grim situation where several major builders like Unitech, Jaypee Infratech and Amrapali are unable to complete their housing projects and hand over possession to their customers, leaving them in the lurch. As is the usual practice, many of these customers have taken home loans, and they have to continue paying EMIs on the......

Introduction The Government amended Insolvency and Bankruptcy Code, 2016 (IBC) by promulgating an ordinance which brought sweeping changes to both substantive as well as procedural aspects relating to the insolvency process. Changes were introduced by way of ordinance dated 23rd November 2017 and later on ratified through Amendment Act, 2018. Section 29A emanated from the above-mentioned amendme......

Introduction   Cash on delivery (“COD”) is the sale of goods by mail order where payment is made on delivery rather than in advance. The concept of COD was brought into e-commerce marketplace by home-grown e-commerce giant Flipkart way back in 2010. This was an innovative way to address the unique Indian trait of using cash for purchases, the discomfort of s......

Introduction The Indian Media and Entertainment (M&E) industry is a sunrise sector for the economy and is making high growth strides. Proving its resilience to the world, the Indian M&E industry is on the cusp of a strong phase of growth, backed by rising consumer demand and improving advertising revenues. India is one of the highest spending and fastest growing advertising market globall......

IntroductionThe complex nature of India's GST - which has four tax brackets ranging from a 5% to 28% - is bound to attract thousands of lawsuits in a legal system already grappling with a backlog of more than 24 million cases. Even before the planned 1 July roll out, about 100,000 indirect tax appeals were clogging India's judicial system at the end of March 2015, locking away some $23 billion in ......

Introduction: Nowadays people look for a cheap mode of travel, cabs services have made their service affordable to everyone. Taxis are an important part of our lives. According to recently released TechSci Research report, “India Radio Taxi Services Market Forecast and Opportunities, 2020”, radio taxi services market in India is forecast to grow at over 17% through 2020. The......