Publications With our persistent aim of making our sincere effort in ensuring compliances under Companies Act 2013 more user friendly, we have release a new book titled “Procedures and Compliances- A Practical Approach to the Companies Act 2013” published by a well-known publisher. The book has been authored by seasoned professionals CS Milind Kasodekar & CS Shilpa… Continue reading Elementor #3258
Legal Due Diligence is an imperative part of several Corporate Transactions. We pride ourselves for conducting exhaustive and thorough examination of the proposed business or transaction, in order to help you unearth potential risks, liabilities, identify barriers and red flags. Our due diligence reports are comprehensive, integrated and present true valuations.
The Insolvency and Bankruptcy Code, 2016 has overhauled the existing framework dealing with insolvency of corporates, individuals, partnership firms and other entities. The advent of the code, has brought a paradigm shift in the manner in which the Insolvency matters in the country were litigated. Since the enactment of the Code in 2016, insolvency… Continue reading Insolvency and Bankruptcy
Factum Legal takes pride in advising clients across various sectors, on their most complex and critical Restructuring transactions. Our M&A team possesses an in-depth knowledge and expertise in all areas of M&A and Restructuring, which combined with an astute understanding of the business and commercial requirements, enables us to provide the best possible solution for… Continue reading M&A and Corporate Restructuring
INTRODUCTION: With the aim of enhancing “ease of doing business” and “promoting the principle of Maximum Governance and Minimum Government”, the Government of India abolished the Foreign Investment Promotion Board (“FIPB“) on May 24, 2017. In its place, the relevant administrative ministry/department in consultation with the Department for Promotion of Industry and Internal Trade (“DPIIT“)… Continue reading DPIIT ISSUED NEW SOPS FOR CLEARANCE OF FDI PROPOSAL
The Reserve Bank of India (‘RBI’) vide its circular dated August 13, 2020 has revised the regulatory framework applicable to core investment companies (‘CICs’) in order to ensure stability of the financial system and address systemic risks posed by CICs and their group companies. CICs are non-banking financial company holding not less than 90% of their… Continue reading Revised Framework for Core Investment Companies
Introduction The Finance Act, 2015 amended Section 6 (Capital Account Transaction), Section 46 (Power of Central Government to make rules) and section 47 (Power of RBI to make regulations) of the Foreign Exchange Management Act, 1999 (FEMA, 1999). These amendments have the effect of altering the powers of the Central Government and Reserve Bank of… Continue reading Analysis on Foreign Portfolio Investor under NDI Rules, 2019
Case Name BABU LAL VARDHARJI GURJAR VS VEER GURJAR ALUMINIUM INDUSTRIES PVT. LTD & ANR. Case Citation – 6347 of 2019 Corporate Debtor Veer Gurjar Aluminium Industries Pvt Ltd Appellant Babu Lal Vardharji Gurjar Respondent Veer Gurjar Aluminium Industries Pvt. Ltd & Anr. Respondent No. 2 JM Financial Assets Reconstruction Company Pvt. Ltd.… Continue reading ANALYSIS OF SUPREME COURT JUDGEMENT IN THE MATTER OF BABU LAL VARDHARJI GURJAR VS VEER GURJAR ALUMINIUM INDUSTRIES PVT. LTD & ANR.
Buyback of shares is the repurchase of its outstanding shares by a company. Companies generally buyback shares in order to reorganise its capital structure, return cash to shareholders and enhance overall shareholders’ value. Buyback leads to reduction in outstanding number of equity shares, which may lead to improvement in earnings per equity share and enhance… Continue reading BUY BACK OF SHARES BY UNLISTED COMPANIES
Preferential issue is one of the fastest ways of raising capital by the company. As per Regulation 2(1)(nn) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, (hereinafter referred as ‘ICDR Regulations’) Preferential Issue means an issue of specified securities by a listed issuer to any select person or group of persons on a… Continue reading PREFERENTIAL ISSUE