201803.31
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Foreign Exchange Management (Cross Border Merger) Regulations, 2018

Cross Border Merger Regulations Enacted – A Boost to Foreign Investment in India   INTRODUCTION The Reserve Bank of India has finally enacted the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 vide notification No. FEMA 389/2018-RB dated 20th March 2018. Before the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 coming into force, the…

201803.21
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IBC – A Savior for Employees

   IBC – A Savior for Employees The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “Code”) provides that all the employees and workmen must be considered within the meaning of the operational creditors as defined under Section 5 (20) of the IB Code which states that: “”Operational creditor” means a person to whom…

201803.15
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Companies Act Vs Limitation Act

BENGAL CHEMIST AND DRUGGISTS ASSN. vs KALYAN CHOWDHURY In the Supreme Court of India, Civil Appeal No. 684 of 2018 RATIO 1: Section 421(3) of the Companies Act, 2013 is peremptory in nature. RATIO 2: Under Section 433 of the Companies Act, 2013 the provisions of the Limitation Act shall not apply”.   BRIEF FACTS:…