June 2020 On June 5, 2020, the Ministry of Corporate Affairs (“MCA”) amended the Companies (Share Capital and Debentures) Rules, 2014 (“SCD Rules”) and issued the Companies (Share Capital and Debentures) Amendment Rules, 2020 (“Revised SCD Rules”). This alert apprises you with the amendment pertaining to issue of Sweat Equity Shares (“Sweat Equity”). Background: As per section 54 of...

May 2020 The Companies Act, 2013 (“the Act”) does not contain any provision with respect to convening general meetings through electronic mode. Earlier, by general circular 14/2020 and 17/2020, the Ministry of Corporate Affairs (“MCA”) allowed EGMs through video conferencing (“VC”) or any other audio-visual means (“OAVM”) with a view to support corporate India on...

April 2020 In view of the 21-day lockdown and the notification of March 25, 2020, the Delhi High Court directed suspension of work at its premises and all subordinate courts to continue till April 15, 2020. This is being followed by almost all courts and tribunals. This alert is a follow-up to our litigation alert dated March...

April 2020 In the wake of COVID-19, the Ministry of Corporate Affairs (“MCA”) has announced a Companies Fresh Start Scheme, 2020 (“the CFSS Scheme”) through a general circular 12/2020 dated March 30, 2020 and a Limited Liability Partnership Settlement Scheme, 2020 (“the LLP Scheme”) through general circular 6/2020 of March 4, 2020 read with general circular 13/2020...