In this post, the author analyses the regulatory issues associated with SPACs in India, and suggests certain changes to the existing legal framework in order to tap the benefits provided by SPACs alongside protecting investors’ interests.
Introduction Sections 391 to 394 of the Companies Act, 1956 have bestowed upon the High Courts, to sanction the scheme of arrangements. Sections 230 to 240 in the Companies Act, 2013 gives similar power to the National Company Law Tribunal (NCLT). Section 391(1) granted the High Court with the power to order a meeting of …
In this post, the author briefly compares the recent edition of the corporate purpose debate in the US, UK and Australia, and argues that rather than creating a big shift to stakeholder centric governance, these developments, at least in the UK and Australia, signify a focus on corporate culture and the relationship of company management with employees.