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Loans to Directors by a Company is governed by Section 185 of the Companies Act, 2013. This Section deals with prohibitions, relaxations and exemptions relating to lending of loan and providing guarantee and security. It also deals with the penalty for contravention of the provisions of the section. The original Section prohibited the companies from...

“Gandhi’s trusteeship principle is with which profit-making cannot be devoid of social responsibility”, said the country’s Corporate Affairs Minister, Nirmala Sitharaman during the session in Rajya Sabha for the passing of the Companies (Amendment) Act, 2019. The Companies (Amendment) Bill, 2019 was passed by the Lok Sabha on 26th July 2019 and by the Rajya...

The two types Mergers/Amalgamations being referred to in this blog are: Merger (Outbound Merger- domestic company merges with foreign company) or Amalgamation between Indian Company and Foreign Company; Merger (Inbound Merger- foreign company merges with domestic company) or Amalgamation between Foreign Company and Indian Company; Foreign Company: Foreign company means any company or body corporate...

What is a debenture? Section 2 (30) of the Companies Act, 2013 defines inclusively debenture as “debenture” includes debenture stock, bonds or any other instrument of a company evidencing a debt, whether constituting a charge on the assets of the company or not. Further, pursuant to Section 2(30) of the Companies Act, 2013 and notification...