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.
Make SPACe: Changes and Challenges with the introduction of SPACs Read More »
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
Dispensation of Meetings under Section 230-232: Analysing the Overall Picture Read More »
In this post, the author comments upon the recent decision of the UK Supreme Court in Lehtimaki and others v. Cooper, wherein the Court provided clarification on the interplay between company law and charity law.
Case Comment: Lehtimaki and Others v Cooper [2020] UKSC 33 Read More »
In this post, the author critically examines the decision of the Hon’ble NCLAT in V. Padmakumar v. Stressed Assets Stabilisation Fund & Anr. The author differs from the majority’s widely debated view holding that the reflection of debt in the balance sheet of the Corporate Debtor does not amount to an acknowledgment under Section 18 of the Limitation Act, 1963, and argues that sole reliance on Section 92 of the Companies Act, 2013 is misplaced and the implication of the balance sheet along with the Directors’ Report and financial statement must be considered holistically.
Reflection of Debt in a Balance Sheet: Acknowledgment or a Statutory Compliance? Read More »
