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Directors’ Vicarious Liability in the Current Legal Landscape of the Negotiable Instruments Act

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Directors’ Vicarious Liability in the Current Legal Landscape of the Negotiable Instruments Act: A Review of Developing Judicial Precedents Introduction Section 138 of the Negotiable Instruments Act, 1881 (“NI Act”) holds individuals criminally liable for dishonoring a cheque. This provision aims to enhance the efficiency of banking operations and ensure trustworthiness in transactions involving cheque […]

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Draft Board Resolution for Allotment of Equity Shares on Private Placement basis

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Resolved That pursuant to the provisions of Section 42 of the Companies Act, 2013, read with Rule 14 of Companies (Prospectus and Allotment of Securities) Rules, 2014 and such other provisions (including any statutory modifications or re-enactment thereof) as may be applicable for the time being in force, the consent of the Board of Directors of

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Draft Board Resolution for Issue of Shares on Private Placement basis and approval of Letter of Offer in Form PAS-4 & Record of Private Placement in form PAS-5

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Resolved That pursuant provisions of Section 42 of the Companies Act, 2013 read with Rule 14 of Companies (Prospectus and Allotment of Securities) Rules, 2014 and such other provisions (including any statutory modifications or re-enactment thereof) as may be applicable for the time being in force, and subject to the approval of members in general meeting,

Draft Board Resolution for Issue of Shares on Private Placement basis and approval of Letter of Offer in Form PAS-4 & Record of Private Placement in form PAS-5 Read More »

Draft Special Resolution for Alteration of Articles of Association of the Company

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Resolved That pursuant to the provisions of Section 14 and other applicable provisions, if any, of the Companies Act, 2013 read with Rules thereunder (including any statutory modifications or re-enactment thereof, for the time being in force), the consent of the members of the Company be and is hereby accorded for alteration of the Articles of

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Delhi High Court Embarks on Live-Streaming of Chief Justice’s Court Proceedings from October 11

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In a significant leap towards transparency and accessibility, the Delhi High Court has announced the initiation of live-streaming for court proceedings, set to commence from October 11, Wednesday. The initial phase of this transformative initiative will be limited to proceedings in the Chief Justice’s court. Key Highlights: Limited Rollout: The live-streaming will initially be implemented

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Delhi High Court Orders Removal of Misleading YouTube Videos Alleging Pulse Candy Causes Cancer

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In a recent development, the Delhi High Court issued an order mandating the removal of YouTube videos that falsely claimed popular candy Pulse could lead to cancer. The ruling, in the case of Dharampal Satyapal Foods Limited v. Study Lover & Ors, was delivered by Justice Prathiba M Singh, who also directed Google to unveil

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AAP MP Raghav Chadha Takes Rajya Sabha Suspension Battle to Supreme Court, Cites Constitutional Violations

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Aam Aadmi Party (AAP) leader and Member of Parliament from Punjab, Raghav Chadha, has filed a civil writ petition before the Supreme Court challenging his indefinite suspension from the Rajya Sabha. Chadha’s suspension, which occurred on August 11, is under scrutiny by the Privileges Committee for allegedly proposing names to a Select Committee without obtaining

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President and Finance Minister Commend Company Secretaries at ICSI’s 55th Foundation Day Celebration

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In a prestigious event held in New Delhi, the President of India, Smt Droupadi Murmu, and Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, graced the 55th foundation day celebrations of the Institute of Company Secretaries of India (ICSI). The occasion witnessed the presence of eminent personalities from the corporate and governance sectors.

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Finance Minister Encourages CA Fraternity to Embrace Technological Advancements Amidst Technical Infrastructure on part of Government Wesbites

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In a recent address at the 90th Year Valedictory Celebrations of The Society of Auditors in Chennai, Union Finance Minister Nirmala Sitharaman emphasized the imperative for Chartered Accountants (CAs) to upgrade their skills, acknowledging the influence of technology-driven changes in the profession. Sitharaman highlighted the need for CAs to gain proficiency in deep tech and

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Karnataka High Court Grants Access to ‘@theliverdr’ Account Amidst Defamation Suit Against Himalaya Corp

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In a significant development, the Karnataka High Court has intervened to modify a trial court’s order, allowing Dr. Cyriac Abby Philips, popularly known as ‘The Liver Doctor’ operating under the Twitter handle ‘@theliverdr,’ to access his account. The decision came after Dr. Philips provided an undertaking to conceal alleged defamatory tweets against Himalaya Wellness Corporation

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