Preface For years, the precise authority of the National Company Law Tribunal (‘NCLT’), a specialized forum established under the Companies Act, 2013 (‘2013 Act’), has been a subject of debate. Since it is not a traditional civil court, its power…
Introduction The online gaming industry in India has witnessed explosive growth in the last decade. The sector contributes more than INR 20,000 crore annually in direct and indirect taxes and is projected to grow at a Compound Annual Growth Rate…
An employment bond is a contractual arrangement requiring an employee to remain in service for a stipulated period, with a pre-determined sum payable if the employee exits prematurely. The idea is simple – the company wants to make sure it…
Introduction In recent years, many Indian companies have taken the opportunity to bring their foreign operations back home to India. This process of moving back to India has been termed as ‘reverse-flipping’ or ‘internalization’. This move has become much more…
Introduction What happens to a person’s shares in a company after they pass away? In earlier times, if a shareholder’s family wanted to claim those shares, they had to navigate a maze of time-consuming and expensive documentation – all to…
Introduction While capital reduction as part of corporate restructuring is not a novel concept, it has increasingly found center stage in Indian corporate jurisprudence. The recent case of Shirish Vinod Shah (HUF) v. Bharti Telecom Limited[1] (‘BTL Case’) offers a…
Introduction A company looking to raise funds (other than by way of borrowing) can do so by following the process prescribed under the Companies Act, 2013 (‘Act’) by way of either (i) preferential allotment; (ii) private placement; or (iii) rights…
Introduction Artificial intelligence (‘AI’), a versatile technology that dates back to the early 1950s, has experienced waves of excitement and innovation, often followed by phases of stagnation.[1] However, in the recent times the AI boom has significantly revolutionised various aspects…
Introduction Family-run businesses and conglomerates have long been a feature and cornerstone of India’s economy with names like Tata, Godrej, Reliance and Birla. However, with the growth of these companies over the generations across multiple family lines, comes the succession…
Introduction In recent years, companies have started to place more weight on Environmental, Social, and Governance (‘ESG’) considerations rather than solely concentrating on the financial performance and achievements. ESG considerations promote sustainability and ethical business practices among companies by assessing…