Board Observers : Directing From Shadows?
What happens when board observers appointed by investors go beyond the act of merely ‘observing’ the board proceedings? Can such observers be held accountable for breach of duty in the capacity of shadow directors? In this article published by Mondaq, our Principal Associate Sameer Raina spells out the difference between board observers and shadow directors, further supported by […]
Adani Enterprises FPO : Can India’s largest-ever issue sail through?
Our Principal Associate, Sameer Raina, shares his views on Adani Enterprises Limited‘s Rs 20,000-crore follow-on public (FPO) offer – India’s largest ever issue – and how it can sail through, in an article published by Business Today. Read the full article here: https://lnkd.in/d_vDEaMf #PioneerLegal #MediaBuzz #AdaniEnterprises #FPO #BusinessToday #InvestmentOpportunity #IndiaStockMarket
Personal hearing as a pre-requisite for disqualifying directors – Are courts on the same page?
INTRODUCTION The Ministry of Corporate Affairs has been taking note of corporate compliances by companies and the same is evident from the steps taken by the Registrar of Companies (“RoC”) in the recent past. The RoC has been targeting the directors of defaulting companies under Section 164(2) of the Companies Act, 2013 (“CA 2013”). Section […]
Invocation of Arbitration under inadequately stamped instruments
Commercial arbitration has been pivotal in the transactional space in India. Although often criticised for its high costs, when arbitration has been invoked, it has proven to be a time efficient option for parties looking to settle their disputes when compared to the process of approaching courts for dispute resolution in India. The process of […]