Corporate Law

The Parliament has passed the Specific Relief (Amendment) Bill, 2018 ("Bill"), which brings about significant amendments to the Specific Relief Act, 1963 ("Act"). On July 23, 2018, the Rajya Sabha passed the Bill, which had been passed by the Lok Sabha on March 15, 2018. The Bill is currently awaiting President’s assent, following which it will be part of the law. In this article, we are providing a brief overview of the significant changes brought about by the Bill....

Clauses that usually appear at the end of a contract are called Boiler Plate Clauses. Although often grouped together, boilerplate provisions don't have much in common with one another except that they don't fit anywhere else in the agreement. For that reason, they are usually clubbed together at the end of the agreement under a title such as "Miscellaneous," "General," or "Standard." Most boilerplate clauses clarify the relationship between the contracting parties. Typically, when a dispute arises it is these boiler plate clauses which are first referred to. The effect of a boilerplate clause is most often noticed when it is omitted from a contract. In the present series, we are focusing on four significant boiler plate clauses of a contract – assignment, severability, notices and force majeure....

The Ministry of Corporate Affairs (“MCA”) vide its notification dated July 5, 2018 has notified the Companies (Appointment and Qualification of Directors) Fourth Amendment Rules, 2018 (“Rules”). The Rules shall come into force with effect from July 10, 2018. The Rules require that every person holding Director Identification Number (“DIN”) must get his KYC updated with the MCA within the due dates provided in the Rules....

Clauses that usually appear at the end of a contract are called Boiler Plate Clauses. Although often grouped together, boilerplate provisions don't have much in common with one another except that they don't fit anywhere else in the agreement. For that reason, they are usually clubbed together at the end of the agreement under a title such as "Miscellaneous," "General," or "Standard." Most boilerplate clauses clarify the relationship between the contracting parties. Typically, when a dispute arises it is these boiler plate clauses which are first referred to. The effect of a boilerplate clause is most often noticed when it is omitted from a contract. In the present series, we are focusing on four significant boiler plate clauses of a contract – assignment, severability, notices and force majeure....

Clauses that usually appear at the end of a contract are called Boiler Plate Clauses. Although often grouped together, boilerplate provisions don't have much in common with one another except that they don't fit anywhere else in the agreement. For that reason, they are usually clubbed together at the end of the agreement under a title such as "Miscellaneous," "General," or "Standard." Most boilerplate clauses clarify the relationship between the contracting parties. Typically, when a dispute arises it is these boiler plate clauses which are first referred to. The effect of a boilerplate clause is most often noticed when it is omitted from a contract. In the present series, we are focusing on four significant boiler plate clauses of a contract – assignment, severability, notices and force majeure....

The Reserve Bank of India (“RBI”) has introduced a system of the Single Master Form (“SMF”) for foreign investment reporting. Significantly, the RBI now requires all Indian entities having foreign investment to provide an update of the total foreign investment by July 12, 2018....

Clauses that usually appear at the end of a contract are called Boiler Plate Clauses. Although often grouped together, boilerplate provisions don't have much in common with one another except that they don't fit anywhere else in the agreement. For that reason, they are usually clubbed together at the end of the agreement under a title such as "Miscellaneous," "General," or "Standard." Most boilerplate clauses clarify the relationship between the contracting parties. Typically, when a dispute arises it is these boiler plate clauses which are first referred to. The effect of a boilerplate clause is most often noticed when it is omitted from a contract. In the present series, we are focusing on four significant boiler plate clauses of a contract – assignment, severability, notices and force majeure....

A number of amendments to the FDI Policy, 2017 have been approved by the Union Cabinet. Single Brand Retail Trading no longer requires government approval for FDI....

India is an attractive destination for Foreign Direct Investment (FDI). A foreign entity can establish its presence in India, depending on the proposed activities of such entity, either through the opening of a liaison office, a project office, a branch office or by directly investing in an Indian company or a partnership firm or a LLP. Here is a brief overview of each of the aforesaid entities and the activities permitted to be carried on by them....