Author: sarin@Partners

The Companies (Amendment) Bill, 2019 (“Bill”) was introduced in Lok Sabha on July 25, 2019 by the Minister of Finance, Ms. Nirmala Sitharaman. The Bill was passed by the Parliament on July 30, 2019 and was later published in the Gazette on July 31, 2019. It amends the Companies Act, 2013 and is now a Companies (Amendment) Act, 2019 (“Amendment Act”).  The Bill was introduced to...

On 21st February 2019, the Ministry of Corporate Affairs (“MCA”) introduced the Companies Amendment (Second) Ordinance, 2019 (“Ordinance”) to amendment certain provisions of the Companies Act, 2013 (“Act”). In this regard, a review committee was formed by the MCA to re-analyze the provisions of the Act which led to the introduction of Companies (Amendment) Bill, 2019 (“Bill”). The said Bill...

Who are “Other Service Providers” (OSPs) The New Telecom Policy, 1999 (“Policy”) was introduced by the Government of India to regulate the telecom sector and attract investments by developing the communication infrastructure. The regulations for Other Service Provider (“OSP”) were introduced under the said Policy. The terms & conditions for OSPs were introduced later in February 2000...

One of the overarching aims of a company is to infuse capital timely in order to ensure hassle free working. One of the many ways it could be done is through issue of shares also called the subscription of shares. The owners of the shares are called shareholders who, depending on the nature and type of shares held, have control and decision-making powers in the company. It includes the rights...