Currents News Related to Business Law Issues in the Artfashion Industry
Karaikal Port admitted for insolvency, Adani Ports & SEZ frontrunner
In a rare instance, the National Company Law Tribunal heard and admitted a instance for insolvency same day the lender, Omkara Asset Reconstruction Company applied.
View: Why India needs a new law regarding corporate criminal liability
The new arroyo needs to take into account the travails faced past people facing such prosecutions. Mechanisms have to be congenital to ensure that no blameless person has to disproportionately face up the rigours of the police and court process.
Free speech absolutist Elon Musk may chafe at laws of country, say experts
Musk wants to "control the media platform" for the benefit of his own firms, and it may mean the end of "free speech platform Twitter" every bit we know it today, said Virag Gupta, a columnist and an advocate.
Later bargain with Reliance Retail collapses: Future lenders probable to go for Group insolvency
Depository financial institution of India, Future Retail's lead lender, filed a petition seeking insolvency proceedings confronting Kishore Biyani's flagship company at the Mumbai bankruptcy court on April 21.
Futurity flagship to face insolvency proceedings
The collapse of the bargain with Reliance Industries and default on payments on bank loans in the last week of March as per the terms of ane times restructuring has prompted lenders to pursue insolvency proceedings, the people said.
Indian-American Arun Venkataraman sworn in every bit Assistant Secretary of Commerce for Global Markets
Venkataraman was appointed past President Joe Biden and confirmed by the US Senate on April 7 to lead the federal authorities'due south efforts to promote exports abroad and attract inward investment, an official release said.
Information protection, privacy laws, skilling key for Indian tech to become $ane trillion contributor: business leaders
Accenture Bharat chairperson Rekha Menon, Adobe India's vice president and managing director Prativa Mohapatra, and Indiaspora founder Yard R Rangaswamy expressed confidence that the $227-billion Indian Information technology services and technology industry can raise its level of play to contribute $1 trillion in total acquirement to achieve Prime Minister Narendra Modi'south $v trillion economy target.
Mass shooting wave rattles communities large and small in The states
The gunfire has rattled big population centers such as Dallas, Pittsburgh and Sacramento, California, as well as much smaller communities, including Hampton County, Due south Carolina, which has a population of 18,000, and Dumas, Arkansas, which is dwelling house to well-nigh 4,000 people.
Proposal to exempt SPACs from 'shell visitor' tag
Under Companies Act, every company needs to carry out concern later incorporation, declining which the name of the company will be struck off. This dominion is aimed at curbing the creation of shell companies which do not undertake any business simply are used as a front for illegal activities.
Over 1.67 lakh companies incorporated last year: MCA
In a statement on Monday, the ministry said the increase is significant considering that number of companies incorporated during the financial year 2020-21 was the highest in any of the previous years.
Debt recovery via insolvency cases at 31 pc; 47 pc cases liquidated: Report
Of the Rs 7.52 lakh crore claims made past the creditors on their borrowers, the lenders could realise merely Rs 2.5 lakh crore, reflecting the pains of liquidation that lenders were forced to endure, Icra Ratings said in its analysis.
Company Law Commission suggests fractional shares issuance, easier fund raising norms for distressed cos
The console, currently chaired by Corporate Affairs Secretary Rajesh Verma, has as well suggested prohibiting the conversion of branch societies into a company and replacing requirement of furnishing affidavits with the filing of self-certification/ proclamation.
Enforcement Directorate summons quondam Xiaomi head Manu Jain in investigation
The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing manager, to appear before its officers, the sources said.
Enforcement Directorate summons former Xiaomi head Manu Kumar Jain in investigation: Sources
The bureau has been probing the visitor since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi'south former India managing director, to appear earlier its officers, the sources said.
Zilingo suspends CEO Ankiti Bose, she calls it a 'witch hunt'
Sources said Bose has disputed the allegations and contested her intermission, calling the company's deportment a 'witch hunt' that was triggered by harassment complaints she raised confronting an investor in the visitor.
Singapore investigates Indian business-linked pedagogy company
A provisional order for zipper of the properties has been issued under the Prevention of Coin Laundering Act (PMLA) against Educomp Professional Education Ltd, a group company of the Educomp Group, it said in a statement.
Trouble-hit Trell gets a lifeline; crypto trading volumes dip amid new tax laws
Trell, which has been under a probe for financial irregularities, has sold around 10% stake in AppsForBharat to one of its existing investors Mirae Asset, multiple sources briefed on the matter said, equally it runs out of cash.
Draft rubber bill proposes one-fourth dimension registration, removal of some archaic provisions
The commerce ministry has proposed the repeal of decades-old laws on rubber and introduced new legislation that seeks to accost the challenges faced by the sector and remove some of the archaic provisions of nowadays police to create a conducive surroundings for businesses.
ETSA2021: India will depict upwardly information laws to ensure business growth, privacy, says Rajeev Chandrasekhar
Minister of state assures business customs almost rules that build on favourable business environment
Benguluru-based boutique police house's realty, litigation team joins IndusLaw
During the fiscal twelvemonth March 2021, the combined legal toll of all the companies was near Rs 36,973.75 crore, a marginal turn down of 1.67% compared to a twelvemonth ago period due to pandemic and subsequent lockdown. All the same, this is expected to better at present due to growing business activities such equally M&A, fund-raising, IPOs as well as litigation and dispute resolution
Bharat needs to take a serious await at its concern laws. Hither's why
In the Observer Enquiry Foundation (ORF) study, 'Jailed for Doing Business organization: The 26,134 Imprisonment Clauses in India'southward Business Laws' (bit.ly/ 3sU0Kdm) released earlier this calendar month, Avantis RegTech CEO Rishi Agrawal and I explore the root crusade for bureaucratic rent-seeking, bribery and extortion. The report isolates imprisonment clauses that surround doing business in India, of which there are hundreds of anecdotes but no macro data.
Source: https://economictimes.indiatimes.com/topic/Business-Law
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