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The Insolvency and B...

The Insolvency and Bankruptcy Code, 2016 (Code) has been amended through promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (Ordinance) on December 28, 2019. The Ordinance amends the Code to inter-alia, prescribe the threshold for financial creditors of…

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MCA amends the thres...

The Ministry of Corporate Affairs ("MCA") on 18th November 2019 vide notification of the Companies (Meeting of Board and its Powers) Second Amendment Rules, 2019 ("Second Amendment Rules, 2019") issued further amendment to rule 15 of the Companies (Meeting of…

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Proposed changes in ...

Proposed changes in the Companies Act, 2013 - Decriminalization of various offences October, 2019 Since the inception of the Companies Act, 2013 ("Act"), the Government of India ("Government") has undertaken and continues to undertake various amendments to the Act including…

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Finance Minister ann...

Finance Minister announces major reduction in Corporate Tax Rates September, 2019 Finance Minister Smt. Nirmala Sitharaman at the 37th GST Council Meet held today i.e. September 20th 2019 has announced to reduce the corporate taxes for domestic companies and new…

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IBC proceedings main...

The Hon’ble National Company Law Appellate Tribunal (“NCLAT”) has held that the Corporate Insolvency Resolution Process (“CIRP”) can be initiated against a company whose name has been struck off by the Registrar of Companies (“ROC”) on an application filed under…

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Union Cabinet approv...

On August 28th, 2019 the Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved proposal for review of the Foreign Direct Investment (“FDI”) policy. The proposed changes in the policy will result in easing the FDI rules for…

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Law News

Ahlawat & Assoc...

We are pleased and delighted to share with you that Ahlawat & Associates has been ranked amongst the top 50 law firms of 2019 by RSG Consulting in its India Report. The rankings were unveiled at th...

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New criteria for cla...

In a significant move, the Union Cabinet decided in February 2018 to change the basis of categorisation of micro, small and medium enterprises from the quantum of investment in plant and machinery/equ...

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IPR Issues in Defenc...

The stupendous 30-point jump in the global ease-of-doing business index this year, catapulting India to the 100th position, has overshadowed many factors that impact the business climate in India both...

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New Avenues for Disc...

The Defence Offset Policy introduced in 2005 has been revised in bits and pieces over the years. The only time it was completely revamped was in August 2012 when new Defence Offset Guidelines were pro...

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Rationalization and ...

The Reserve Bank of India (RBI) after receiving suggestions from the corporates and other entities on relaxing the existing External Commercial Borrowings (ECB) framework has decided, in consultation ...

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Supreme Court Says F...

The Supreme Court today ruled that foreign law firms cannot practice in India, but allowed international lawyers to “fly in and fly out” to provide legal advice to their clients in India. The Apex...

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