Introduction The concept of gratuity has long served as a means of acknowledgement and appreciation for employees’ unwavering commitment to their employment and employers. In accordance with the applicable provisions of the Payment of Gratuity Act, 1972 (‘Gratuity Act’), establishments/businesses…
Introduction In the dynamic landscape of legal jurisprudence, where every ruling holds the potential to reshape precedents and redefine legal boundaries, a recent judgment by the division bench of the Calcutta High Court in Eastern Indian Motion Picture Association &…
Introduction The subject matter of this article is a question that has often plagued the Indian courts. Section 180(1)(a) of the Companies Act, 2013 (‘CA 2013’) places restrictions on the board of directors of a company in respect of selling,…
Introduction Arbitration, an alternative dispute resolution mechanism wherein parties consensually decide to submit a dispute between them, to an arbitral tribunal to the exclusion of domestic courts[1]. Arbitration provides a neutral, efficient, and expert process for dispute resolution at a…
Employees play a pivotal role in driving an organization’s growth. Recent times have witnessed a surge in startups and a thriving e-commerce sector. Consequently, this led to an increase in opportunities and an escalation in competition. Given the fact that…
In the complex landscape of mergers and acquisitions (M&A) transactions, the interplay between a buyer[1] and a seller[2], before a transaction closes, shapes the negotiation of the underlying transaction documents. Sandbagging (or Pro-Sandbagging) occurs when a buyer in an acquisition/…
The Supreme Court of India (‘Supreme Court’), in the case of PTC India Financial Services Limited v. Venkateswarlu Kari and Another[1] (‘PTC Ruling’), resolved the conundrum pertaining to the pledge of shares in dematerialized form and its enforcement thereof.
External Commercial Borrowings – Changing trends and its impact
OCTOBER 19, 2023
Introduction The economic development of a country is often dependent on a balance between domestic savings and foreign investment. In instances where the difference between domestic savings & internal investment requirements become prominent,
The Digital Personal Data Protection Act (Act) received the assent of the President of India on 11 August 2023 and was subsequently published in the official gazette. The introduction of the Act is a significant milestone in India’s rapid digital transformation process.The Act is expected to be brought in force in phases
In recent years, Indian companies have shown a growing interest in exploring overseas listing as a means to access international capital markets and expand their global footprint. Overseas listing involves the process of listing shares of an Indian company on a foreign stock exchange. This strategy offers numerous benefits, including access to a larger capital
