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Amendment to SEBI Alternative Investment Funds Regulations, 2012 The Securities Exchange Board of India (“SEBI”) vide notification dated January 8, 2021, has added a provision after Regulation 20(6)(iv) of the SEBI (Alternative Investment Funds) Regulations, 2012. In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11,...
The 6 Pillars 1- Health and Wellbeing 2- Physical & Financial Capital, and Infrastructure 3- Inclusive Development for Aspirational India 4- Reinvigorating Human Capital 5- Innovation and R & D 6- Minimum Government and Maximum Governance Health and Wellbeing: – PM Atma Nirbhar Swasth Bharat Yojana -Merge of Supplementary Nutrition Programme and the Poshan...
Google Inc. USA (Google) gets a fair order in its favour whereby the use of a deceptively similar domain name has been rightly held as infringement of domain name. The matter flows as below: In 2007, the alleged infringer had applied for the domain name of “googlee.in” with .IN Registry which was granted to him...
Maheshwari & Co. Advocates and Legal Consultants with a view to provide an efficacious and speedy conclusion of the insolvency and bankruptcy resolution had introduced its Insolvency and Bankruptcy Department. Our aforesaid insolvency Team is fully and exclusively dedicated with the sole aim of providing such services to our clients with would result into a...
Section 138 of the Negotiable Instruments Act, 1881 creates a statutory offence in the matter of dishonour of cheques on the ground of insufficiency of funds in the account maintained by a person with the banker. Objective The objective of the act is to define the various negotiable instruments such a, promissory notes, bills of...
With a view to simplify and expedite the process of registration of trademarks in India, Government of India took forth the initiative to draft a new set of rules that are in alignment with the objective of fastening the procedure of trademark filing while decreasing red-tapism and delays . A notification regarding the draft rules...
The Insolvency and Bankruptcy Code, 2016 (IBC) was passed by the Parliament on 11th May 2016, received Presidential assent on 28th May 2016 and was notified in the official gazette on the same day. It is one of the most comprehensive futuristic consolidated pieces of legislation introduced by the Government lately aimed at covering the...
Employee’s Compensation (Amendment) Act 2017 has been introduced with effect from 15th May, 2017. Major changes in the Employee’s Compensation (Amendment) Act 2016 are as follows: Every employer shall immediately at the time of employment of an employee, inform theè employee of his rights to compensation under this Act, in writing as well as...
NCLAT quashes insolvency order, declares actions of Interim Resolution Professional (IRP) as illegal
The National Company Law Appellate Tribunal (NCLAT) in the case of Mobme Wireless Solutions Ltd. (MWSL) vs Bhash Software Labs Pvt Ltd (BSLPL) declared all actions taken by the Interim Resolution Professional (IRP) to be illegal. The act was declared illegal pursuant to NCLAT setting aside the order passed by Chennai bench of the NCLT...