Adjudicating Order for violation of Section 117(3)(g) read with 179(3) of the Companies Act, 2013 relating to non-filing of resolutions by the Nidhi Company Contributed By: Yogesh Kukreja Email ids:yogesh@simplybiz.in Reference of Section 179(3) along with Section 117 of the Companies Act, 2013 (‘Act’) – Powers of Board & Resolutions to be filed. The Board of Directors […]

Grey Areas of Competition Law Policies Contributed By: Anant Agarwal  Email ids:anant@simplybiz.in Introduction India’s made its first official body to regulate competition in May 2009 and the Competition Commission of India (CCI) was set up under the Ministry of Corporate Affairs. It is a stand-alone body which is responsible for investigating mergers, acquisitions, and pricing strategies […]

Understanding Exit Rights: An Investor’s Perspective Contributed By: Sharanya Ramakrishnan Email ids:sharanya@simplybiz.in Introduction As much time and energy is spent entering into a business relationship, the same, if not more, attention is paid to getting out of one. Although each company and its dynamic between its shareholders differ on a case-to-case basis, the need for a […]

Significance of Director’s Disclosures and Declarations [MBP-1 & DIR-8] Contributed By: Jhansi Rani Guddeti Email ids:jhansi@simplybiz.in Introduction A Company is an artificial legal entity that requires natural persons, specifically the Board of Directors, to represent it on various fronts and oversee its daily activities. The Board of Directors is a panel of people elected by shareholders […]

Trends on Due Diligence Process Contributed By: Anant AgarwalEmail ids:anant@simplybiz.in Introduction Due diligence is something that is here to stay; over the years the practice of due diligence has only grown and showed how effective it is. But its importance has grown more than ever; But what is it exactly? Due diligence is the process […]

Sources of borrowing for Startups in India Contributed By: Sai Sunanda Email ids:sunanda@simplybiz.in Today buzz word in any country’s economy is “Startup”. They play a big role in the economic development. Over the last few years, the Indian Startup ecosystem has grown rapidly, and more support has become available in all dimensions. They have been […]

Key Features of the Digital Personal Data Protection Bill, 2022 Contributed By: Sharanya RamakrishnanEmail ids:sharanya@simplybiz.in Introduction We Indians live digital lives in vast numbers. Internet users in India have been growing astonishingly, and each digital transaction leaves a trail of information or data vulnerable to misuse. It is not an overstatement to say that privacy […]

Adjudicating Order for Violation of Section 42(7) of the Companies Act, 2013 relating to Public Advertisement in process of Private Placement of Securities Contributed By: Yogesh KukrejaEmail ids: yogesh@simplybiz.in Reference to Section 42 of the Companies Act, 2013 (‘Act’) Section 42(2) of the Act: Meaning of private placement: A private placement shall be made only […]