Category: Corporate Law

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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Vertical Overlaps in Merger Control

Introduction Indian Competition Law permits the Competition Commission (CCI) to consider the nature and extent of Vertical Integration in the market, in order to determine whether a combination will (or would be likely to) cause an Appreciable Adverse Effect on Competition (AAEC).[1]In this article, we discuss the compliance and reporting requirements applicable to parties to … Continue reading Vertical Overlaps in Merger Control

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SEBI on the Reporting of Artificial Intelligence and Machine Learning Systems

Introduction The Securities & Exchange Board of India released three circulars[1], on the 4th of January, 31st of January and most recently 9th of May owing to the increased usage of Artificial Intelligence & Machine Learning (AI & ML) Systems as product offerings. The Circulars increased reporting requirements for Market Intermediaries (MIs), Market Infrastructure Institutions … Continue reading SEBI on the Reporting of Artificial Intelligence and Machine Learning Systems

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Khurana & Khurana Opens Jalandhar (Punjab) Office

Khurana & Khurana, Advocates and IP Attorneys (K&K) along with its IP Asset Management Practice, IIPRD, are happy to announce that they are expanding to Punjab and opening up their new branch Office in Jalandhar,  w.e.f *insert date*, in wake of its growing Intellectual Property (IP) and Commercial Litigation Practice, and with an intent to … Continue reading Khurana & Khurana Opens Jalandhar (Punjab) Office

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The Companies Act (Amendment) Ordinance 2019 Highlights and Analysis

INTRODUCTION A Committee under the chairmanship of Mr. Injeti Srinivas formed by the Ministry of the Company Affairs (“MCA”) gave their recommendations to relook the offences under the Companies Act, 2013 (“Act”). Consequently ,The Ministry of Law and Justice had came out with an Ordinance dated 2nd November, 2018, further amending 31 provisions of the Act. … Continue reading The Companies Act (Amendment) Ordinance 2019 Highlights and Analysis

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