Tata Mistry Feud – The Climax!
Business

Tata Mistry Feud – The Climax!

The feud that shook the corporate world has reached its bitter end. The battle, which lasted for almost 5 years, saw its conclusion as the Supreme Court of India issued the hearing on the case between Tata Sons and Cyrus Mistry. 

Continue Reading about 3 years ago
The Archegos Capital fiasco: Leverage gone wrong
Finance

The Archegos Capital fiasco: Leverage gone wrong

Archegos Capital is making headlines, not for good reasons, though! But what's the matter exactly? Why is everyone talking about this? No idea? Well, read on to know.

Continue Reading about 3 years ago
What are Debentures?
Invest

What are Debentures?

Tired of old stuff? Wanna try something new? Then, why not debentures? Stocks, mutual funds and bonds are the most common form of investment options we were offered with. But there is also another less known investment path -- debentures. 

Continue Reading about 3 years ago
Major Dividend Dates: Ex Dividend Date, Record Date
Stock Market

Major Dividend Dates: Ex Dividend Date, Record Date

There are some days in life when you can't help but smile. They drop in like a ray of hope in tough times. Like the month-end salary credit date, date of credit of interest on deposits and even the date of receipt of dividend. Hence, it's imperative for us to have an idea of these due dates.

Continue Reading about 3 years ago
The Saradha Chit Fund Scam: Explained
Invest

The Saradha Chit Fund Scam: Explained

Imagine this: You're walking down the street, and suddenly, you meet someone, who stops you and says, "We have this scheme, where you invest with us and your money doubles in three years." Will you be tempted to invest in such a scheme? Will you invest your hard-earned savings in a scheme like this? 

Continue Reading about 3 years ago
Understanding National Company Law Tribunal (NCLT)
Business

Understanding National Company Law Tribunal (NCLT)

In today's world where arbitration, compromise, arrangements, reconstructions, and the winding up of companies are as usual as the sunrise. The opportunity for shareholders and debtors to lose their money also escalates.

Continue Reading about 3 years ago
Everything about Deepak Kochhar & Money Laundering case
News Platter

Everything about Deepak Kochhar & Money Laundering case

The dispute between India and China has come out openly in front of the entire world, and it wants the two Asian giants to make peace with each other. Still, despite several diplomatic talks and statements, the issue is far from over. In the current times, a traditional war cannot be an option unless either side triggers something big. Hence, both the nations resort to indirect attacks (proxy-wars) at each other. One move at this series of ‘proxy-war’ was the recent mobile app ban of Chinese applications by the Indian government, which resulted in a direct financial loss to China. The proxy war is a technique through which you can attack your enemy through indirect techniques.

Continue Reading about 3 years ago
Unfolding the Harshad Mehta Scam
Invest

Unfolding the Harshad Mehta Scam

What do you think is common between Harshad Mehta, Ketan Parekh, Nirav Modi, and Vijay Mallya? Well, they all found loopholes in the Indian banking system and used it to create an insane amount of wealth. 

Continue Reading about 4 years ago
What is the Recent Jagdish Khattar Case About?
Macro Moves

What is the Recent Jagdish Khattar Case About?

Maruti Suzuki India Ltd has been winning its consumer’s hearts since its inception. However, the former Maruti top executive has definitely disassociated himself with the company’s values by indulging himself in unscrupulous behavior.

Continue Reading about 4 years ago
Manpasand Beverages Fraud Still Unfolding
Big Shots

Manpasand Beverages Fraud Still Unfolding

Manpasand Beverages has logged the limelight this year for all the wrong reasons. From the arrest of its Managing Director and its Chief Financial Officer for GST fraud in May to the recent allegations of a hostile takeover by Finquest Finance, it has seen all.

Continue Reading about 4 years ago
A guide to Corporate Insolvency Procedure
Legal

A guide to Corporate Insolvency Procedure

Insolvency and Bankruptcy Code,2016 (IBC,2016) came in to force on 28th May 2016. The law relating to reorganization and insolvency of corporate body is dealt with by this act.

Continue Reading about 4 years ago
Concept of Corporate Personality
Legal

Concept of Corporate Personality

Corporate personality is the creation of law. And as per the law, a corporation is an artificial person created by the personification of a group of individuals. The theory of corporate personality mainly states that a company has a legal identity different from its member. Both English and Indian laws follow the concept of corporate personality.

Continue Reading about 4 years ago
Impact of Corporate tax cuts on Banks and NBFC’s
Invest

Impact of Corporate tax cuts on Banks and NBFC’s

On September 20th, 2019, the Finance Minister Nirmala Sitharaman announced Corporate Tax Cuts in order to stimulate the economy. While in our previous article, we have already discussed at length the impact of Tax Cuts on the Corporate Sector. 

Continue Reading about 4 years ago
Corporate Tax Slashed: An Early Diwali for Corporates
Macro Moves

Corporate Tax Slashed: An Early Diwali for Corporates

A significant bang reform has been introduced by the Finance Minister Nirmala Sitharaman on 20 September 2019. A reform that has been called "historic" by the Prime Minister himself because it will stimulate the market for the "Make in India" scheme. Many experts believe that this tax reform will eliminate the gloom surrounding the Indian economy.

Continue Reading about 4 years ago
Liquidation of Company
Legal

Liquidation of Company

Company being artificial person can only be dissolved by striking off the register of companies. This is called liquidation of company.

Continue Reading about 5 years ago
Letter of Undertaking: How does it Work?
Legal

Letter of Undertaking: How does it Work?

Letter of Undertaking (hereinafter referred to as LoU) can said to be a sort of guarantee that is issued by a banking entity to the concerned person for attaining short term credit from the overseas branch of an Indian bank. Such LoUs are not issued against retail transactions, but are employed in business or trade transactions.

Continue Reading about 5 years ago
Internal Audit
Big Shots

Internal Audit

Internal audits are subjected to company’s internal controls which includes corporate governance and accounting processes. It operates and manages legal compliance along with efficient financial reporting and collection of data. It also helps in maintaining operational efficiency by identification of problems and reforming lapses before they get discovered and identified in conduction of external audit. It is a way which provides an opportunity for firms to undo their wrongs and work effectively. It essentially focuses on possible areas for reformation and how that can be strengthened. Also, adding value to firm’s governing mechanism.

Continue Reading about 5 years ago
Registration of a Public Limited Company| Explained
Legal

Registration of a Public Limited Company| Explained

A public limited company is an incorporated business and is said to be a separate legal entity from its owners like that of the Private Limited Company. Shareholders are termed to be its owners and they enjoy the benefit of the limited liability. The limited liability is a benefit to each of the shareholder of that company. According to Section 3(1) (IV) of Indian Companies Act 1956 that ‘’a public company is not a private company” also the articles do not restrict the transfers of shares of the company. There is no restriction on the maximum number of the companies. It invites general members and public to purchase the shares and debentures of the company. If one wants to register a public company there are many advantages or benefits related to the registration of a public Company which are -

Continue Reading about 5 years ago