Category: Act & Rules

What Is The Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 About? This is an amendment, which involves Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 to the Insolvency and Bankruptcy Code, 2016 (IBC). The original IBC has been adopted to give a streamlined and time limit framework of resolving insolvency of companies, partnership firms...

What Is the Finance Act, 2017 About? Finance Act, 2017 is a parliamentary law in the process of the Union Budget. Although the Finance Acts mainly concern taxation issues, they more often than not modify other legislations to introduce policy and structural changes. The Finance Act, 2017 is especially significant to the tribunal practice due...

What Is the Competition Act, 2002 About? The Competition Act, 2002 is the most important law of competition that regulates the market in India. It is designed to provide fair competition whereby it discourages activities that exploit consumers, limit free trade or manipulate market conditions. This Act supersedes the previous Monopolies and Restrictive Trade Practices...

What Are These NCLAT Rules, 2016 About? The NCLAT Rules, 2016 are procedural regulations that have been designed by the Central Government in the regulation of the filing, hearing, and determination of cases before the National Company Law Appellate Tribunal (NCLAT). These regulations have an impact on the operation of NCLAT in cases of appeals...

The​‍​‌‍​‍‌ Companies Act, 2013, is the most prominent piece of legislation governing the corporate sector in India. Its primary objective was to bring the outdated Companies Act, 1956, into line with current corporate governance standards, introduce transparency in business dealings, and ease compliance for companies, directors, and stakeholders.  What Is This Act About? The Companies...

The​‍​‌‍​‍‌ NCLAT Amendment Rules, 2017 clearly identify and regulate the representatives of the parties before NCLAT, thus further facilitating and speeding up the appellate ​‍​‌‍​‍‌proceedings. What Is This Act About? The National Company Law Appellate Tribunal Rules, 2018, which amend the National Company Law Appellate Tribunal Rules, 2017. Execution of the appeals and applications, as...

The Insolvency and Bankruptcy Code (IBC), 2016, is a revolutionary Indian statute that aims to remedy the financial difficulties of both companies and individuals. It lays down a swift insolvency resolution procedure, aligns the interests of creditors and debtors, and makes business operations in India easier. Through the IBC, the Government of India eliminates a...

What Is the Companies Amendment Act, 2020About? One of the reform laws is the Companies Amendment Act, 2020, which promotes further amendments of the Companies Act, 2013. It develops on the previous amendments, in particular, the Companies Amendment Act, 2019, and is dedicated to decriminalisation of the offences, simplification of doing business and corporate compliance....

What Is the Companies Amendment Act, 2019 About? The Companies Amendment Act, 2019 is a significant change in legislation of the Companies Act, 2013. It was passed to amend some provisions in the current law in an attempt to enhance the corporate governance, curtail unnecessary criminal penalties, and enhance the mechanisms of compliance. The main...

The Competition Act of 2023 is significant because it makes a number of key changes to the competition law in India. The amendments to the Competition Act of 2002 have been made by the government to modernise the competition law to keep pace with fast-changing technological and global business environments. The amendments provide for a...