Introduction: The two charter documents for the formation of the company and its operations are the memorandum of association and articles of association. The ‘Memorandum of Association,’ shortened as MOA, is the company’s founding document, which contains all of the company’s essential information. On the other hand, the ‘Articles of Association,’ or AOA, is a…
Shark Tank is a business reality TV show that started in the United States in 2009. The show has come up with an Indian version and it has become the ‘talk of the town’ in every conversation, especially among the youth. For those unfamiliar with the show’s premise, Shark Tank allows prospective entrepreneurs to pitch…
White-collar crime is not new to India. The scale is. –R.V. Raman Introduction: For the first time in 1939, Edwin Hardin Sutherland, the most famous criminologist of the twentieth century and also a sociologist, characterized white collar crimes as “crimes committed by people who enjoy high social standing, considerable renown, and legitimacy in their employment.”…
Introduction: In Swiss Ribbons Private Limited and Anr. v. Union of India and Ors.[i], the Supreme Court upheld the constitutionality of various provisions of The Insolvency and Bankruptcy Code, 2016. The judgement backs up all of the arguments by establishing the premise on which it is based. The application of such situations to the interpretation…
DUE DILIGENCE Due Diligence is a process by which confidential legal, financial and other material information is exchanged, reviewed, and appraised by the parties to a business transaction, which is done before any M&A transactions, etc. India presents a sophisticated economic, regulatory, and legal landscape for doing business. Hence, business venture success in India is…
Foreign company” means any company or body corporate incorporated outside India which,— (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and, (b) conducts any business activity in India in any other manner. For U.S. federal tax purposes, where “foreign corporation” means a corporation…
What is a Foreign Company : Foreign company” means any company or body corporate incorporated outside India which,— (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and, (b) conducts any business activity in India in any other manner. For U.S. federal tax purposes,…
Introduction An ESOP (Employee Stock Ownership Plan) is a type of employee benefit plan that gives employees a share of the company’s ownership. Employee stock ownership schemes come in the form of direct shares, profit-sharing plans, or incentives, and the employer has ultimate control over who is eligible to participate. Employee stock ownership plans, on…
Directors are agents of the corporate in transactions they enter into on behalf of the corporate, although they’re not agents for individual shareholders or members. A director could also be a worker, a servant or maybe a “worker” of the corporate. He occupies the position of a trustee, although he’s not a trustee within the…
INTRODUCTION A multinational corporation (MNC) has operations and assets in at least one country other than its own. A multinational corporation often has offices and/or factories in many countries, as well as a centralised headquarters from which worldwide management is coordinated. Certain of these corporations, also known as international, stateless, or transnational business entities, may…
