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“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...

Dividend: Dividend means that portion of the profit received by a shareholder from the company’s net profit which is available for distribution among the members. Definition of dividend as per Secretarial Standards -3 (SS-3) issued by Institute of Company Secretaries of India (ICSI): “Dividend” means a distribution of any sums to Members out of profits...