COMPANIES ( WINDING UP) RULES, 2020 AND ITS IMPACT ON NCLAT

INTRODUCTION A company's dissolution is the final stage of its existence. It is the process by which the company is terminated, i.e. the process by which its corporate existence ends and it is finally dissolved. A company can be wound up by a National Company Law Tribunal ("Tribunal") or by voluntary winding up, according to... Continue Reading →

EXECUTION OF BILLS OF EXCHANGE

INTRODUCTION A bill of exchange is a type of paper that entitles the holder to pay a certain amount of money to the debtor named in the document. The bill of exchange is both a means of payment and an instrument for making payment. The bill of exchange is typically a paper on orders, but... Continue Reading →

RED HERRING PROSPECTUS

INTRODUCTIONUnderstanding Red Herring prospectus necessitates first understanding the definition of prospectus. A "prospectus" is defined in Section 2(70)[3] of the Companies Act, 2013 as follows:"Prospectus" means any document described or issued as a prospectus, including a red herring prospectus referred to in section 32 or a shelf prospectus referred to in section 31, as well... Continue Reading →

The Companies Act

Introduction The Companies Act, 2013 passed by the parliament has received the assent of the president of India on 29th August 2013.This Act was amended and the law was passed relating to companies. The Companies act, 2013 has been notified in the Gazette in 2013. Some of the other provisions has been passed and published... Continue Reading →

Employee Stock Ownership Plan (ESOP)

Introduction An ESOP (Employee Stock Ownership Plan) is a type of employee benefit plan that gives employees a share of the company's ownership. Employee stock ownership schemes come in the form of direct shares, profit-sharing plans, or incentives, and the employer has ultimate control over who is eligible to participate. Employee stock ownership plans, on... Continue Reading →

MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY

INTRODUCTION Every company once incorporated have to follow certain procedures. It becomes very crucial to know the scope within which a company can carry on its business activities i.e., a list of do’s and don'ts. Memorandum of Association and Articles of Association act as important corporate documents by laying down the same. MEMORANDUM OF ASSOCIATION... Continue Reading →

Insolvency and Bankruptcy Code, 2016

The Insolvency and Bankruptcy Code, 2016 (IBC) is an amalgamation of the existing legislations related to bankruptcy and insolvency. It has simplified the resolution of insolvencies and aims at making business more convenient. It also aims at protecting the interests of small-scale business owners. The IBC was introduced with the aim of helping tackle loan... Continue Reading →

PROSPECTUS

Introduction A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. A prospectus is filed for offerings of stocks, bonds, and mutual funds. The prospectus can help investors make more informed investment decisions because it contains a host of relevant... Continue Reading →

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