Beyond the Words: When Should We Read the Law Literally and When Should We Look at Its Purpose or intent?

Background: We all must have experienced this multiple times that we read the…

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From Rats in the Kitchen to Gaps in Compliance….

From Rats in the Kitchen to Gaps in Compliance…. The “Clean and Hygienic”…

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Identification of Material Subsidiary where Subsidiaries / Consolidated Net Worth is Negative

Background The concept of “material subsidiary” under the SEBI Listing Obligations and Disclosure…

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Issuance of NCDs by Private Companies: A Compliance Anomaly under the Companies Act, 2013

Background The Companies Act, 2013 (herein referred to as “the Act/Act”) has introduced…

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Restriction on Layers of Subsidiaries: Wholly Owned, Not Wholly Exempt

Introduction: Corporate groups often adopt multi-tier structures for operational efficiency, regulatory compliance, business…

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