Nidhi Ladha's Blog on Corporate News and Laws

[...] position of trustees or having fiduciary relation with the Company or its shareholders. Non-executive directors (NEDs) or independent directors (IDs) are those not charged with the day-to-day affairs [...]

[...] and documents to be checked before initiating prosecution against directors including non-executive directors, nominee directors, government nominated directors and the other officers in default. [...]

[...] . However, banks cannot accept interest free deposits other than in current account. Nidhi Ladha nidhiladha@vinodkothari.com [...]

[...] who have not availed this scheme and are still in default in filing of documents on time. Nidhi Ladha nidhiladha@vinodkothari.com [...]

[...] and hence, are to treated as contracts requiring sanction as per section 297 of the Act. Nidhi Ladha nidhiladha@vinodkothari.com [...]

[...] 68 The FAQs on the process can be seen at http://www.mca.gov.in/MCA21/Refund_faq.html Nidhi Ladha nidhiladha@vinodkothari.com [...]

[...] Act, 1956 which are not engaged primarily in financial business as mentioned in section 45IC of RBI Act, 1934 may start lending business without falling within the purview of NBFC. However, if the [...]

[...] valid under section 18A of SCRA. To clear this ambiguity, suitable amendments were made in RBI Act effective from January, 2007. Section 45V of RBI Act, 1934 lays down that notwithstanding [...]

[...] or trust or a body corporate model. Unincorporated bodies, which are not even allowed by RBI Act, are not allowed to raise funds. The fund should be a private fund engaged in pooling [...]

[...] has defined ‘Public Deposit’ as a 'deposit' as defined under Section 45 I(bb) of the RBI Act, 1934 and further excludes the following: i. Amount received from Public financial institutions [...]

[...] winding in one newspaper within 14 days of receipt of consent from creditors • Appoint a LLP Liquidator (any practicing professional in the panel notified by the CG in this behalf) with a simple [...]

[...] is of money for money and hence, in substance, a deposit only. Deposit within the meaning of RBI Regulations: The term ‘deposit’ has been defined separately for banking and non-banking [...]

[...] engaging in LAS business. Applicable Rules and Directions to NBFCs If the lender is an NBFC, RBI Regulations applicable to NBFCs apply to the lender. Below, we discuss significant provisions.  RBI& [...]

[...] complete freedom in these agreements. Courts have either refused to recognize clauses in shareholders agreements or, even when consistent with company legislation, enforced such clauses only if they [...]

[...] on stock exchanges. The salient features of the guidelines are: Effective Date of the Guidelines These guidelines shall be applicable on every offer document on which in-principal/ final approval is [...]