Three state governments have announced that in order to fight with Covid-19 crisis on industrial sectors, State Governments are incentivising scaling up feasibility by suspending labour laws for 1200 days. What does each States say? Labour Laws Dissolution in Uttar Pradesh ‘All factories and establishments engaged in manufacturing process shall be exempted from the operation … Read more Dissolution of Labour Laws in states of UP, MP & Gujarat
Abstract The world is witnessing a digital revolution where the evolution of technology is at an unprecedented pace. Technological innovations like smartphones, big data technology, user experience, etc have brought a paradigm shift in the way humans live. Social networking sites like Facebook, Twitter, Instagram offer a unique experience of being connected to the world … Read more Changing Realms of Privacy in the Digital Age
Big relief for units in the government-owned special economic zones (SEZs) in COVID-19 pandemic. Seven government-owned SEZs located in Kandla, Chennai, Falta, Cochin, Noida, Santacruz and Visakhapatnam took this big step. Ministry of Commerce & Industry in its circular dated 11th May, 2020 said that: There will be “no increase in lease rent of the … Read more Relief to SEZ units related to lease rent for FY 2020-21
Regardless of whether your organization has a legal mandate to have a code of conduct (as public companies are) or not, every organization should have one. A well-designed code not only articulates the values the organization wishes to foster in leaders and employees but at the same time, CoC also acts as a central guide … Read more Why you must have a Code of conduct?
Resolution in a time bound manner is one of the main objects of the Insolvency and Bankruptcy Code, 2016 which has now become realistic by designing a tool which endeavours to provide the undisputed information called as an Information utility. In accordance with the legal provisions of National e-Governance Services Ltd. (NeSL), the single station enumerating all … Read more Information Utility under IBC
The Ministry of Corporate Affairs (MCA) vide notification dated January 30, 2020, has directed that the provisions of Section 460 of the Companies Act, 2013 shall apply to a limited liability partnership (LLP). This Section 460 of the Companies Act, 2013 talks about condonation of delay in cases where any application along with any document … Read more Condonation of Delay for LLPs
India until the introduction of the present “Insolvency and Bankruptcy Code 2016” had offered a multi-pronged solution to the problem of recovery of debt/revitalizing the failing business. As many as 13 enactments (such as SARFASEI, RDB Act, SICA, Company law, etc.) dealing with insolvency and bankruptcy existed and there was no single law in India … Read more Time-Limits under IBC – Critical Analysis
Bridging the gap between the Resolution Plan value and the Liquidation Value: Not a mandate Introduction Liquidation value as defined under Regulation 35 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, is the estimated realizable value of the assets of the corporate debtor if the corporate debtor … Read more Conundrum of Liquidation Value Vs Resolution Value