Tag: corporate law
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Foreign Direct Investment: The Conundrum Explained
By Bhumesh Verma, Managing Partner, Corp Comm Legal. Foreign Direct Investment or FDI, as it is called in common parlance, has become the fuel which is essential to sustain and develop any country’s economy. Developing countries such as India, require significant and consistent infusion of foreign investments in their economy in order to maintain a…
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Importance of law firm internships in the life of a law student
By Akash Agarwal, Amity Law School, Noida. Ignorance is the curse of God; knowledge is the wing wherewith we fly to heaven.-William Shakespeare As rightly pointed out by the legend of literature that with the power of knowledge, one can have access to the doors of heaven. It is not only he, who recognised the importance and…
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Financial Restructuring: Issue of Corporate Debt
By Rajiv Kulkarni, IGNOU. Financial restructuring is the rearrangement of a business assets and liabilities. The process is often associated with corporate restructuring where an organization’s overall structure and its processes are reanalyzed. It helps to improve the financial stability and increases in prospects for future growth and expansion. While financial restructuring relates to changes in the capital…
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Constructing Indoor-Management: A Critical Analysis of the Doctrine of Constructive Notice
By Sudipta Bhowmick, KIIT School of Law, Bhubaneswar. “When there are persons conducting the affairs of the company in a manner which appears to be perfectly consonant with the articles of association, those so dealing with them externally are not to be affected by irregularities which may take place in the internal management of the company.”[1] –…
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The Companies (Amendment) Bill, 2014
By Sudipta Bhowmick, KIIT School Of Law, Bhubaneswar. The new Companies Act, 2013 has been operationalized for only nine months, yet a new Companies Amendment Bill, 2014 has been passed by the Lower House on 17th December, 2014 to ‘ease the doing of business’. After the Companies Act, 1956, it took 57 years to replace…
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Piercing of Corporate Veil
By Palak Pathak. Piercing the corporate veil describes a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors. Usually a corporation is treated as a separate legal person, who is solely responsible for the debts it incurs and the sole beneficiary of the…
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An Expository Analysis of One Person Company Concept: Is it an Arrow shot in the Dark or is it Serving its Purpose?
By Aashna Jain, National Law University, Jodhpur. The 1956 Act had been in need of a substantial revamp for quite some time to make it more contemporary and relevant to corporates, regulators and other stakeholders in India. The Companies Act, 2013 brought the much needed changes in the corporate arena. Amongst those major changes, the introduction of…