3,601 total views
3,601 total views SARFAESI Act, 2002 was formulated to promote the establishment of Asset Reconstruction Companies (ARCs) and Asset Securitization Companies (ASCs) to deal with rising NPAs that the banking and financial institutions deal with. The Act provides three important tools or methods into asset management of banking and FIs for recovery of NPAs: Securitization of […]
1,973 total views
1,973 total views Introduction Banking and financial institutions are the backbones of finance sector of an economy. The well being of such institutions is extremely important for the capital to flow into the economy as their two-way functionalities i.e. accepting deposits and lending. These are the channels for capital flow. However, clogging of these channels endanger […]
3,077 total views
3,077 total views Introduction In today’s scenario when many companies are taking over the operations and management of other companies in order to diversify, grow and scale-up, you might have heard the term “Takeover” a lot. However, do you know the exact legal meaning of this term? who regulates the process of takeover? In this article, […]
2,367 total views
2,367 total views Introduction Voluntary delisting means delisting of equity share of a company voluntarily on the application of the company. Provisions related to voluntary delisting are covered under SEBI (Delisting of Equity Shares) Regulations, 2009. Regulation 5 – 21 of the aforementioned regulations deal with voluntary delisting. Subject to provisions of these regulations, a company […]
1,683 total views
1,683 total views Introduction As per SEBI (Delisting of Equity Shares) Regulations, 2009, delisting of security means the removal of listed security from the stock exchange platform and thus no longer be traded on the bourse (stock market). This usually takes place when a company ceases operations, declares bankruptcy, merges, does not meet listing requirements, or […]
2,436 total views
2,436 total views Introduction As per section 92 of the Companies Act, 2013, MGT-8 is a mini secretarial audit which is submitted as an attachment to the annual return of the companies in form MGT-7. It is mandatory to get this form certified by a company secretary in practice. MGT-8 form is required to certify the […]
2,248 total views
2,248 total views Reduction of share capital is a process to lower down/reducing the share capital of a company. It means reducing the issued, subscribed and paid-up share capital of the company. Separate provisions and procedure for have been envisaged under the Companies Act, 2013 and rules made thereunder for reduction of share capital. Section 66 […]
2,111 total views
2,111 total views Valuation of any business is very important to understand the real worth of the business. The correctness of valuation is very crucial as any deviation from the real worth of any business may result in wrong decision making and adversely impact the business. The sanctity of valuation depends on the knowledge and experience […]
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1,821 total views Introduction Digital Signature Certificates or DSC or Digital Signatures are being adopted by various government agencies and now is a statutory requirement in various applications. From filing statutory returns to authenticating documents, Digital Signature Certificates are required in almost all digital filings. In coming times, it will become mandatory in almost every digital […]
3,279 total views
3,279 total views A company registered under the Companies Act, 2013 is required to have a registered office in India. It is required to keep all books of accounts, other relevant books, papers and financial statements at the registered office of the company. However, it is not necessary to keep the books at the registered office […]