Lifting of Corporate Veil

Introduction The concept of ‘Corporations’ dates back to the 16th century when institutions were established for the public good and not for generating profits. These corporations were in the form of non- profit organizations, hospitals and educational institutions working for

Principles of Corporate Governance

“Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance

Corporate Insolvency Resolution Process is Team Work

With the enactment of the Insolvency and Bankruptcy Code, 2016 (Code) [1], India put in place a robust market mechanism for timely and time bound resolution of corporate distress. It enables revival of companies in financial distress and facilitates closure of companies in economic distress. It, however, incentivises and empowers the stakeholders to resolve the distress when a company starts experiencing financial misery, much before it experiences economic distress.

A Company’s legal existence

A corporation is a fictitious entity. An organisation is a corporate body that exists independently of its owners (shareholders). It is a legitimate entity in the eyes of the law, but it is incapable of acting on its own. It must work by a board of directors that has been elected by the shareholders. As a result, a corporation has its own legal identity.

Corporate Insolvency and Resolution Process

From an economic perspective, the Insolvency and Bankruptcy Code institution, 2016, had been a significant amelioration in our country’s economic system. It has enhanced the global economic image of India. India is a foremost part of the global economy, so India needed to compete with other emerging nations and large economies. We had distinctive overlapping laws concerning Insolvency, which was not adequate to settle down corporate and individual debt. Another imperative purpose of establishing this code was to attract foreign nations to invest in India. India aimed to be at par with these foreign nations who play a vital role in the global economy.

How can a Corporate Person liquidate voluntarily?

The author in this article focuses on the Voluntary Liquidation of Corporate Persons and the procedure provided for it, under Companies Act, 2013 and Insolvency and Bankruptcy Code, 2016.

TYPES OF CORPORATE SOCIAL RESPONSIBILITY

INTRODUCTION Corporate Social Responsibility (CSR) is old but dynamic concept which cannot be given any straight-jacketed definition. It emerged in 1930s to 1940s but was formalized by Howard Bowen in his book “Social Responsibilities of a businessman” in 1953. However,

CORPORATE GOVERNANCE COMMITTEE IN INDIA: A LEGAL STUDY

INTRODUCTION We all are well aware of the term ‘corporate governance.’ In general understanding, it means the steps to set up a firm that will look over the framework of a company along with the principles and system based on

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