Browsing Category »Corporate Law«

Procedural aspects of De-merger of a Company

September 7, 2012

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Procedural aspects of De-merger of a Company

Demerger is a mode of industrial restructuring. Demerger is often used to describe division or separation of different undertakings of a business. The companies act does not contain the concept of de-merger as such but indirectly it does recognize it in- Sec 391/394 (scheme of compromise, arrangement or reconstruction) and Sec 293(1) (a)(sale, lease or […]

Status of a Private Company which is a Subsidiary of a Public Company

March 23, 2012

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Status of a Private Company which is a Subsidiary of a Public Company

Introduction: Public company is defined under Section 3 (iv) of the Companies Act, 1956 (“Act”) as a company which is “not a private company; has a minimum paid-up capital of five lakh rupees or higher paid-up capital, as may be prescribed; is a private company which is a subsidiary of a company which is not […]

Corporate Social Responsibility: The Lessons from the Corporate World

June 26, 2011

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Corporate Social Responsibility: The Lessons from the Corporate World

Introduction The recent economic meltdown reminds us of the damage caused by the uncontrolled private economic independence blended along with irresponsible behaviour of the corporate world.  Through the years, the corporate entities have redefined their role in this multifarious society. From a raw idea of ‘profit maximization’, its objective was changed to ‘profit optimization’. This […]

Corporate Social Responsibility and its Enforceability

May 20, 2011

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“Corporate social responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it… because it is good for our business” – – Niall Fitzerald, Former CEO, Unilever The phrase Corporate Social Responsibility was coined in 1953 with the publication of Bowen’s Social […]

SEZ: The Way Forward For IT Companies

May 13, 2011

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The Software Technology Parks Scheme (“Scheme”) was launched on June 5, 1991 to provide much needed boost to the Indian IT sector. The Scheme, as expected, brought about a revolution in the sector. The small and medium IT companies in the sector, in particular, gained majorly from the Scheme over the years due to the […]

Restructuring –The Agenda adopted by Companies to Merge

May 6, 2011

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“Equity and efficiency are complimentary, not contradictory, and we must move forward on both these while maintaining a high degree of fiscal and financial discipline and a robust external economic profile”[1]. The agenda of escalation of Indian market can be empathized from the above quoted opinion. The unleashing of the Indian economy has led the […]

Easy Exit Scheme, 2011

April 8, 2011

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With a view to provide simplified liquidation opportunity to the non-operating and defunct companies for getting their names struck off from the records of the Ministry of Corporate Affairs, the Ministry of Corporate Affairs has again introduced the Easy Exit Scheme 2011 (EES 2011), on huge demands from the corporate sector, after the success of […]

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