Corporate Law

The simplicity of the Shakespearean adage ‘A Rose by any other name would smell just as sweet' unfortunately does not apply to the word ‘slump sale. While the corporate world is familiar with this word, its precise, legal definition is still under scrutiny. ......

The Social Security Code, 2020 ("SS Code") has been passed by both houses of the Parliament and received Presidential assent on September 28, 2020. The SS Code has been enacted to amend and consolidate the laws relating to social security with the goal to extend social security to all employees and workers either in the organised or unorganised or any other sectors. ......

The Occupational Safety, Health and Working Conditions Code, 2020 ("OSH Code") received the President's assent on September 28, 2020 along with two other codes, all of which are yet to be notified by the Government. The OSH Code has subsumed several key pieces of legislation on the working conditions of labour and consolidated it into one comprehensive act, including, inter alia, the Contract Labour (Regulation and Abolition) Act, 1970, the Factories Act, 1948, etc. ......

On September 28, 2020, three new labour law codes namely, the Industrial Relations Code, 2020, the Occupational Safety, Health and Working Conditions Code, 2020 and the Code on Social Security, 2020 ("Codes"), received the President’s assent. ......

Corporate Social Responsibility (CSR) has been a soft law in most countries and is considered voluntary, self-regulated and beyond the scope of legislation. The concept of CSR is usually associated with companies voluntarily undertaking activities to achieve social and environmental objectives during the course of their daily business operations. ......

With the addition of more startups every year, India has developed and is witnessing one of the largest startup ecosystems in the world. While, the number of startups is on a continuous and stark rise, in May 2020, Nasscom was seen as reporting – “COVID 19 Impact – 9 out of 10 Startups Bleeding in India”. Majority of startups in India, are bleeding more so than ever before due to the grim economic condition of the country thanks to COVID-19. ......

In a recent order issued by the National Company Law Appellate Tribunal ("NCLAT") in the case of Sushil Ansal Vs. Ashok Tripathi , the NCLAT has held that a decree-holder cannot be treated as a financial creditor for the purpose of triggering insolvency proceedings against a company. ......

McDonalds, Subway, Pizza Hut, KFC, Domino's Pizza, and The Hard Rock Café - iconic brands, household names but above all, franchise behemoths. These franchises have made inroads to the farthest corners of the planet, from the barbed wire surrounding the single McDonalds in Cuba, Guantanamo Bay to Dominos’ Almond Citrus Seafood pizza in Vietnam. ......

In the light of disruptions caused by outbreak of Covid-19, the Government of India has announced a slew of measures in the past few months. One such significant measure is the Ministry of Finance’s proposal to decriminalize thirty-nine minor economic offences including decriminalization of offence of dishonour of cheques under Section 138 of the Negotiable Instruments Act, 1881 (“NI Act”). ......