Category: Corporate Law

Abandonment of Contract, How is it different from Breach of Contract?

Contract, as according to Section 2(h) of the Indian Contract Act, 1872 is any agreement that can be enforced in the court of law. An Agreement as under section 2(e) of the act means any promise(s) made by one party for a standard consideration. When such promise or consideration is not fulfilled, the contract is … Continue reading Abandonment of Contract, How is it different from Breach of Contract?

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Factors Of Disruption In Economic Growth: Inefficacy In Due Diligence By Banks

OVERVIEW Factors Of Disruption In Economic Growth , Financial institutes play a vital role in the upliftment of the economy of any country as they are managers of the most powerful instrument that helps in the functioning of the whole economy, i.e., money. The financial sector broadly includes commercial banks, investment banks, insurance companies, and … Continue reading Factors Of Disruption In Economic Growth: Inefficacy In Due Diligence By Banks

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(SEBI) Security Exchange Board of India and The Capital Market Regulations: A Critique

Introduction The security exchange board of India (SEBI) was created to safeguard the interests of investors and traders in the Indian stock market by promoting the growth and regulation of the equity market and by ensuring a healthy atmosphere in securities. Furthermore, one of the primary reasons for the establishment of the security exchange board … Continue reading (SEBI) Security Exchange Board of India and The Capital Market Regulations: A Critique

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The Doctrine of Lifting the Corporate Veil: Origin, Evolution, Challenges

ORIGIN – THE DAWN OF THE DOCTRINE The theory of separate legal personality of a company is the one which lays the foundation and is a basic principle of corporate jurisprudence in modern legal systems all over the world. This theory gives an identity to the company which is distinct from its shareholders, members, or … Continue reading The Doctrine of Lifting the Corporate Veil: Origin, Evolution, Challenges

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Role Of Employees Pension Scheme 1995 In Social Security Of Employees

INTRODUCTION Labour regulations are generally concerned with the protective aspects of social security, encompassing laws and programmes that provide fallback mechanisms to help employees cope with the occasional crises that affect households. Social security regulations are crucial not only for the welfare of society, but also for the productivity of the workforce in any activity. … Continue reading Role Of Employees Pension Scheme 1995 In Social Security Of Employees

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Unpacking The Performance Of Contracts And Liability Of Indian Parties Under The Incoterms 2020

Introduction and nature of Incoterms The word “Incoterms” refers to the list of guidelines laid down by the International Chambers of Commerce for the sale of essential items of goods across the world. The Incoterms are a ready to use guiding principles which can be used during the agreement between international parties about their purchase … Continue reading Unpacking The Performance Of Contracts And Liability Of Indian Parties Under The Incoterms 2020

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New Corporate Social Responsibility Policy: A Social Conscience

Introduction Today, the corporate world is not only working with the objective of earning profits but, are also working for the benefit of society. The objective of serving society has been now a day a strategy for the corporates and this strategy is known as “Corporate Social Responsibility” (hereinafter referred to as ‘CSR’). For Example, … Continue reading New Corporate Social Responsibility Policy: A Social Conscience

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Winding Up/ Liquidation process under the Companies Act, 2013 vis-à-vis Insolvency And Bankruptcy Code, 2016

A firm (for convenience sake called “CD”) regularly supplies certain raw materials to a partnership firm (for convenience sake called “QR”) carrying out its business of manufacturing geysers. After 6 months of regular supply of goods, QR fails to clear the outstanding dues of “CD” amounting to principal amount of Rs.1,25,00/- with interest accrued thereon. … Continue reading Winding Up/ Liquidation process under the Companies Act, 2013 vis-à-vis Insolvency And Bankruptcy Code, 2016

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General Advisory Vis-A-Vis Responding To Legal Notices/Communications

Having been a part of the growth story at Khurana & Khurana (K&K), we, in the last 13 years, have come across and successfully handled legal issues across numerous industries, academic institutions, and individuals. Such legal issues range from complex shareholding agreement conflicts, to co-founder agreement disputes, to equity transfer mandates, to non-compliances of regulatory … Continue reading General Advisory Vis-A-Vis Responding To Legal Notices/Communications

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Advisory on Conducting Legal Audit to Review Legal Aspects / Functions Related to Business Operations

Amid Covid-19 outbreak, our Hon’ble Prime Minister of India while addressing the nation dated 24.03.2020 announced 21 days precautionary lockdown to break the chain of the existing pandemic situation. The step is indeed commendable; however, the same will surely have an economic impact on the businesses. With travel restrictions, cancellations of all types of transport, … Continue reading Advisory on Conducting Legal Audit to Review Legal Aspects / Functions Related to Business Operations

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