Background The initial law relating to Benami transactions was laid down in The Benami Transactions (Prohibition) Act, 1988. This Act consisted of only eight sections. The same was later amended…
The Prevention of Money Laundering Act, 2002 or the PMLA is an act of the Parliament to provide for confiscation of property derived from money-laundering. Section 3 of Prevention of…
We are entering a digitalized era due to which the question arises in every mind globally that revolves around the security of the information which is often compromised. Further in…
Insolvency and Bankruptcy laws were initiated in India to simplify the business procedures. This law has streamlined the winding up process of business organizations, which was prior divided because of complexity…
Facts On 15.12.2017, the Hon'ble Supreme Court delivered a landmark judgment in Macquarie Bank Ltd vs Shilpi Cables, Civil appeal 15135, on whether section 9(3)(c) of the Insolvency and Bankruptcy…
The bill comes as an amendment to not only the Companies Act 2013 but also an amendment to the Companies Amendment Bill 2019. This is the 4th amendment bill after the…
What are Merger and Acquisitions? Merger and acquisition are defined as the consolidation of companies, merger is the combination of two companies to form one entity. Whereas acquisition is one…
The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Ordinance, 2015 was promulgated on 23rd October, 2015 and subsequently enacted on 31st December, 2015. It is primarily…
In the last couple of years, two path-breaking legislations which have had a substantial impact on the real estate industry were introduced. On one side, Real Estate (Regulation and Development)…
Prevention of Money Laundering Act, 2002 enacted by the Parliament prevents money-laundering & provides for confiscation of property derived from money-laundering. The act was which has seen its share of amendments like any…