Modes of Closure/Winding Up of a Company Under the Indian Legal System

A. INTRODUCTION: A company may be required to be wound up for various reasons including closure of business, operational losses etc. In this article, we have provided various options available with the Company for closure/winding up and the liabilities of a director upon such closure/winding up of a company. B. VARIOUS MODES OF CLOSURE OF A […]

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Benami Transaction: A Curse to Indian economy

A. INTRODUCTION: After the demonetization led by our Hon’ble Prime Minister, Mr. Narendra Modi, the aim of whom was to wash away the black money out of the economy and get it into the licit, banked as well as taxable part of the economy, the next target of our Prime Minister is Benami Properties.The term […]

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Willful Default- A Curse to Economic Growth

Recently, Vijay Mallya shifted his base from India to London and news has been filled with news items such as “Vijay Mallya tagged as Willful defaulter”, “PNB Declares UB as Willful Defaulters”. After reading all these headlines, the questions that crop up are: Who is a willful defaulter? In what circumstances the default becomes willful? […]

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Bankruptcy Code, 2016 – Features and Analysis

A. BACKGROUND: The strength of economy of a country depends on the strength and efficiency of the financial system, which depends on sound and solvent system of the banking system. While credit growth is one of the drivers of economic growth, Non Performing Assets (NPAs) are a curse to the economic growth of the country. […]

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Ray of Hope Reaches the Small Scale Enterprises

Scarcity of capital, shortage of resources, delayed payments, technological obsolesce, increasing competition and harsh clean up of loans are leaving the small scale entrepreneurs at cross roads. It is high time that they reinvent their methods and appropriately utilize the opportunities available, in order to compete in the arena of Indian market. Let us first […]

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Indian Legal Landscape in the Context of Cross Border Business

A. INTRODUCTION:                                                                  India is the second most populous country in the world and the seventh largest in the world by nominal Gross Domestic […]

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Article on Startup India

A. CONCEPT OF START-UP IN INDIA: Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start-ups with jobs creation. The campaign was first announced by our Prime Minister Shri. Narendra Modi on 15th August, 2015. It is focused on to restrict role […]

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Goods and Service Tax Bill (GST), 2014

A. BACKGROUND: 1. The Reason to bring GST into the present Tax regime: Cascading Effect (Taxes over Taxes): Cascading effect of taxes is one of the major distortions of the Indian taxation regime. Federal structure of our democracy, allows both states and center to levy taxes separately and this has caused this cascading effect. While […]

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Significant Amendments in Foreign Direct Investment Policy

A. SIGNIFICANT AMENDMENTS IN FOREIGN DIRECT INVESTMENT POLICY: With a view to encourage the ease of doing business in India and to simplify the process of foreign investments into the country by putting more FDI proposals on automatic route instead of government route, the Department of Industrial Policy and Promotion vide Press Note dated November […]

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Make in India Policy

A. MAKE IN INDIA POLICY 1. What is ‘Make in India’ program? The Make in India program is an initiative launched to encourage companies to increase manufacturing in India. This not only includes attracting overseas companies to set up shop in India, but also encouraging domestic companies to increase production within the country. Make in […]

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