The Economic Times
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| 08 August, 2020, 02:40 AM IST | E-Paper
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    Pandemic provides unique opportunity to expand business by acquiring distressed assets

    In this ‘new normal’, deal making in distressed assets is a beacon of hope for the sluggish economy to create synergies and economies of scale. With the plethora of disinvestments in the stimulus package announced by the Government of India, investment in such distressed assets of public companies may also be on the rise.

    Decriminalisation of Companies Act: Decoding the COVID economic relief

    Historically, corporate India has suffered the rigours of a strict penal regime for violations and non-compliances under the erstwhile Companies Act, 1956, a...

    Independent Directors, the governance-guardians of the board, need to revitalise their role

    At a time when financial markets and mutual funds are reeling under unforeseen economic pressure, independent directors will have to ensure that public stake in the company that they represent is protected while the company itself takes measures to ensure seamless continuity.

    Companies Act reforms amid Covid-19: A primer

    The Bill introduces a regime of direct listing of securities of domestic public corporations in certain foreign jurisdictions, thereby allowing domestic corporations to access a larger pool of capital.

    Independent directors - The evolving company resource during a pandemic

    Independent directors are appointed for their expertise in particular areas of corporate governance. Their tenure of five years on their company’s Board of Directors prescribes the statutory duty to secure risk management, balanced decision-making, and deterrence of fraud.

    In times of COVID-19, the rules for national protection against opportunist investment needs greater clarity

    Clarity regarding applicability of the PN3 to share issuance in the form of Bonus and Rights issue to the existing shareholders from the Bordering Countries would relax the larger investor community.

    Government’s Covid-19 insolvency relief may be a double-edged sword

    The directives of the Central Government to tide over these trying times are laudable. However, many of these changes are myopic and will create problems for stakeholders in the long run.

    Getting a move on: Is it time for pre-packaged insolvency in India?

    While restructuring outside the Code is a possible option, it would not offer certain benefits available under the Code, such as the moratorium on legal proceedings and the relaxation of/exemption from statutory provisions or approvals.

    What is force majeure? The legal term everyone should know during Covid-19 crisis

    The term that has assumed relevance in contractual context today for businesses is “force majeure”.

    The Code on Wages, 2019: Understanding the key changes to wages, remuneration and bonus

    The Code has expanded the definition of “employer” as well as “employee”, resulting in a broad based applicability of the regulations and is now applicable to employees in both organised and unorganised sectors.

    Key things to know when registering a LLP

    Key things to know when registering a LLP

    Registering a LLP requires an Application for Digital signature Certificate, Designated Partner Identification Number, Reservation of name of the LLP and finally Registration of LLP.

    The one man show: Understanding the concept of One Person Company

    The one man show: Understanding the concept of One Person Company

    OPC under the Companies Act, 2013 is a separate legal entity having perpetual succession, which is required to be registered as per the provisions of the Companies Act, 2013.

    Change in the location of a registered office: how to go about it

    Change in the location of a registered office: how to go about it

    There are special provisions for the shifting of a registered office to another State or Union Territory, within the same state under the jurisdiction of the same Registrar and shifting of registered office from the jurisdiction of one RoC to another RoC in the same state.

    Pitfalls of not having a co-founders’ agreement

    Pitfalls of not having a co-founders’ agreement

    A co-founders’ agreement outlines the rights and responsibilities of the co-founder that can help in avoiding any conflict that might arise among co-founders in future.

    Key things to know when incorporating a company

    Key things to know when incorporating a company

    Thanks to the structural changes brought about by the GOI, incorporating a company has now become much easier and streamlined.

    Getting your dues: Procedure for creditors to file under IBC

    Getting your dues: Procedure for creditors to file under IBC

    The recent Insolvency and Bankruptcy Code (IBC) has been a big sigh of relief for MSMEs which would, ensure faster debt recovery or liquidation process.

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