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Amalgamation between Different Body Corporates: An Analysis of Companies Act, 2013 and Limited Liabi

Alok Bhardwaj is a third-year B.A.LL.B. (Hons.) student at Dr. Ram Manohar Lohiya National Law University, Lucknow. There are broadly two types of amalgamation under the Indian corporate law regime viz. amalgamation of companies under the Companies Act, 2013 (Act of 2013), and amalgamation of limited liability partnerships under the Limited Liability Partnership Act, 2008 (LLPA). However, an amalgamation of different body corporates is not expressly provided under the said Acts. Such type of amalgamation last found mention under the Companies Act, 1956 (Act of 1956), but after the enactment of the Act of 2013, the provision has not been carried forward. The relevant provisions of various leg

FRDI: The Bill that Alarmed Bank Customers across India

[Aman Bahl is a student at Maharashtra National Law University, Nagpur.] Almost a year after being tabled in Parliament, the Financial Resolution and Deposit Insurance Bill, 2017 (Bill) stands withdrawn following the apprehensions expressed by the public as regards it consequences. The Bill was introduced in Parliament on August 10, 2017 and later referred to the Joint Committee of Parliament for further consideration with the objective of carrying out a speedy and efficient resolution of financial firms in distress. In order to meet this objective, the Bill provided for a ‘bail-in’ clause, by virtue of which banks could issue securities in lieu of the money deposited with them. In case of a

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