Old Notes Disclosure by Companies

Old Notes Disclosure by Companies The Lok Sabha has recently passed  the Specified Bank Notes (Cessation of Liabilities) Bill, 2017. The  Bill related to the holding, transfer and receiving of old Rs.500 and Rs.1000 denomination currency makes it unlawful to hold, transfer or…

Voluntary Liquidation of LLP

Voluntary Liquidation of LLPs Limited Liability Partnership (LLP) are easy to start and maintain business entities. After starting a LLP,  in some cases there might be a requirement to windup or liquidate the LLP due to various reasons. LLPs can…

Cross Border Insolvency and Bankruptcy

Cross Border Insolvency and Bankruptcy Cross-border insolvency, which is also known as international insolvency, regulates the treatment of financially distressed debtors where such debtors have assets or creditors in more than one country across globe. When the Bankruptcy Code was first unveiled…

Income Tax Raid – Rules & Regulations

Income Tax Raid - Rules & Regulations The rules and regulations pertaining to income tax raid or search and seizure by the Income Tax Department was first framed by provisions related to search and seizure made in the Income Tax…

Insolvency and Bankruptcy Board of India

Insolvency and Bankruptcy Board of India Since its constitution, the Insolvency and Bankruptcy Board has issued draft rules on the regulation of insolvency professionals (IPs) and insolvency professional agencies (IPAs) to handle bankruptcy issues in India. In this article, we look…

Changes to MOA of Company

Changes to MOA of Company Changes to Memorandum of Association (MOA) can be effected through a special resolution at the shareholders meeting. Changing the MOA of a company is a complex and extensive procedure, hence due professional care must be taken…

Donation to Political Parties

Donation to Political Parties Political parties are allowed to receive contributions from Indians under the Representation of People’s Act. On receiving contributions, according to Section 29B of the Representation of People’s Act, every political party is required to acknowledge contribution offered to it…

Can a domain be trademarked?

Can a domain be trademarked? Entrepreneurs often wonder if their domain names can be trademarked or if there is a requirement to trademark their domain name. In this article, we address this FAQ with examples. General Rule Domain names are…

Debt Recovery Bill, 2016 – An Overview

Debt Recovery Bill, 2016 - An Overview The Debt Recovery Tribunals (DRT) was primarily set up for the organized and speedy recovery of debts payable to banks and financial institutions. In this article, we review the Debt Recovery Tribunal (DRT), purpose and resultant legislative…

Powers of an Executor of Will

Powers of an Executor of Will The powers of an executor who administrates a will are varied and range from taking legal action, actual disposal of the property and the related maintenance of the property, etc. In this article, we review…