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Extension For Annual Filings 2021

The Ministry of Corporate Affairs (“MCA”) extends the due date for annual filings for Financial Year (“FY”) 2020-21. It will provide companies an opportunity to remain compliant by filing annual filing forms without payment of any additional fee.

•November 2021•PSA•no comments

Equity To Preference Is It Permissible

Equity To Preference: Is It Permissible?

By Arya Tripathy on October 29, 2021 Introduction Conversion of different kinds of preference shares into equity is a well-recognized practice for Indian companies, and is specifically permitted under the Companies Act, 2013 (CA 2013). The reverse scenario involving conversion...

•October 2021•PSA•no comments

ISSUE VII: Economic growth regulations

In keeping with its profile of regulating and liberating the Indian economy, the Reserve Bank of India (“RBI”) issues series of circulars and notifications from time to time

•October 2021•PSA•no comments

The Changing Face Of Corporate Crime Liability

A corporation is a separate legal entity in law and exposed to liability, civil and criminal, for any wrongdoing. The latter is premised on the maxim actus non facit reum nisi mens sit rea which means an act...

•October 2021•PSA•no comments

New SCCS Under GDPR

New SCCS Under GDPR: Are Organizations Ready?

Article 46 of the General Data Protection Regulation (GDPR) lays out the alternative grounds that would allow a controller or processor to transfer personal data (PD) to a foreign jurisdiction which is not recognised as adequate. One of...

•September 2021•PSA•no comments

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