On April 28, 2017

Rupee Denominated Bond / Masala Bond: Substitute Funding Route for Indian Corporates

INTRODUCTION Masala Bond (defined below) is a rupee denominated bond issued by certain Indian entities to the international investors to raise funds in international market. These Masala Bonds are offered to foreign investors who are interested in investing in India. These bonds favors the borrowers as the exchange risk rate is shifted to investors and the
On April 20, 2017

Legality of Gold Deposit Scheme/Gold Saving Scheme under the Companies Act, 2013

INTRODUCTION Many of the gold savings schemes offered by the jewellers, are facing closure after the commencement of Companies (Acceptance of Deposit) Rules, 2014, which came into force from 1 April 2014. In this Article we have discussed the legal aspects of such schemes and under what circumstances can such schemes be considered legal. DIFFERENT TYPES OF
On April 13, 2017

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

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. VARIOUS MODES OF CLOSURE OF A COMPANY
On December 7, 2016

Benami Transaction: A Curse to Indian Economy

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
On September 12, 2016

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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