One of the most critical decisions you will face as a business owner is whether to incorporate (i.e. form a private limited company) or to operate your small business as a proprietor. You should consider three aspects before answering this question: Number of...
The rule that minority shareholders must approve the merger does not come from the Companies Act. It comes from a SEBI circular of February 2013. Accordingly – The special resolution approving the scheme of arrangement (merger) shall be acted upon only if the votes...
The fact that money lying in trading accounts does not earn any interest income is often a big problem for those who trade in multiple trading accounts, particularly asset managers, stock-brokers and their authorized persons who may not be able to transfer funds...
Today’s question comes from Vijay who is the promoter of a Kolkata based company which he plans to take public over the next 3 years. His question dealt with improving business communication to reach more people. In today’s post I will talk about steps which every...
I have long been convinced that not more than 0.1% of retail investors look at the (Draft Red Herring) Prospectus (the DRHP) before applying for shares in an IPO. As a lawyer (and an Attorney) who spent 6 years drafting these documents, this has never been a happy...
I cannot count the number of times I have spotted people confusing between directors, promoters and management. Even read articles in national newspapers with the wrong classification. I believe that there are 2 reasons for this. First, often the same person(s) act in...
