Category: Corporate Law

The Doctrine of Lifting the Corporate Veil: Origin, Evolution, Challenges

ORIGIN – THE DAWN OF THE DOCTRINE The theory of separate legal personality of a company is the one which lays the foundation and is a basic principle of corporate jurisprudence in modern legal systems all over the world. This theory gives an identity to the company which is distinct from its shareholders, members, or … Continue reading The Doctrine of Lifting the Corporate Veil: Origin, Evolution, Challenges

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Role Of Employees Pension Scheme 1995 In Social Security Of Employees

INTRODUCTION Labour regulations are generally concerned with the protective aspects of social security, encompassing laws and programmes that provide fallback mechanisms to help employees cope with the occasional crises that affect households. Social security regulations are crucial not only for the welfare of society, but also for the productivity of the workforce in any activity. … Continue reading Role Of Employees Pension Scheme 1995 In Social Security Of Employees

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Unpacking The Performance Of Contracts And Liability Of Indian Parties Under The Incoterms 2020

Introduction and nature of Incoterms The word “Incoterms” refers to the list of guidelines laid down by the International Chambers of Commerce for the sale of essential items of goods across the world. The Incoterms are a ready to use guiding principles which can be used during the agreement between international parties about their purchase … Continue reading Unpacking The Performance Of Contracts And Liability Of Indian Parties Under The Incoterms 2020

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New Corporate Social Responsibility Policy: A Social Conscience

Introduction Today, the corporate world is not only working with the objective of earning profits but, are also working for the benefit of society. The objective of serving society has been now a day a strategy for the corporates and this strategy is known as “Corporate Social Responsibility” (hereinafter referred to as ‘CSR’). For Example, … Continue reading New Corporate Social Responsibility Policy: A Social Conscience

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Winding Up/ Liquidation process under the Companies Act, 2013 vis-à-vis Insolvency And Bankruptcy Code, 2016

A firm (for convenience sake called “CD”) regularly supplies certain raw materials to a partnership firm (for convenience sake called “QR”) carrying out its business of manufacturing geysers. After 6 months of regular supply of goods, QR fails to clear the outstanding dues of “CD” amounting to principal amount of Rs.1,25,00/- with interest accrued thereon. … Continue reading Winding Up/ Liquidation process under the Companies Act, 2013 vis-à-vis Insolvency And Bankruptcy Code, 2016

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General Advisory Vis-A-Vis Responding To Legal Notices/Communications

Having been a part of the growth story at Khurana & Khurana (K&K), we, in the last 13 years, have come across and successfully handled legal issues across numerous industries, academic institutions, and individuals. Such legal issues range from complex shareholding agreement conflicts, to co-founder agreement disputes, to equity transfer mandates, to non-compliances of regulatory … Continue reading General Advisory Vis-A-Vis Responding To Legal Notices/Communications

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Advisory on Conducting Legal Audit to Review Legal Aspects / Functions Related to Business Operations

Amid Covid-19 outbreak, our Hon’ble Prime Minister of India while addressing the nation dated 24.03.2020 announced 21 days precautionary lockdown to break the chain of the existing pandemic situation. The step is indeed commendable; however, the same will surely have an economic impact on the businesses. With travel restrictions, cancellations of all types of transport, … Continue reading Advisory on Conducting Legal Audit to Review Legal Aspects / Functions Related to Business Operations

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Vertical Overlaps in Merger Control

Introduction Indian Competition Law permits the Competition Commission (CCI) to consider the nature and extent of Vertical Integration in the market, in order to determine whether a combination will (or would be likely to) cause an Appreciable Adverse Effect on Competition (AAEC).[1]In this article, we discuss the compliance and reporting requirements applicable to parties to … Continue reading Vertical Overlaps in Merger Control

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SEBI on the Reporting of Artificial Intelligence and Machine Learning Systems

Introduction The Securities & Exchange Board of India released three circulars[1], on the 4th of January, 31st of January and most recently 9th of May owing to the increased usage of Artificial Intelligence & Machine Learning (AI & ML) Systems as product offerings. The Circulars increased reporting requirements for Market Intermediaries (MIs), Market Infrastructure Institutions … Continue reading SEBI on the Reporting of Artificial Intelligence and Machine Learning Systems

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Khurana & Khurana Opens Jalandhar (Punjab) Office

Khurana & Khurana, Advocates and IP Attorneys (K&K) along with its IP Asset Management Practice, IIPRD, are happy to announce that they are expanding to Punjab and opening up their new branch Office in Jalandhar,  w.e.f *insert date*, in wake of its growing Intellectual Property (IP) and Commercial Litigation Practice, and with an intent to … Continue reading Khurana & Khurana Opens Jalandhar (Punjab) Office

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