Blog Posts
-
Contractual Mergers a Possibility
[Posted by Umakanth Varottil] Presently, accomplishing a merger of two or more companies involved a fairly detailed process that lasts about four to six months, if not more. Under Sections 391 to 394 of the Companies Act, 1956, apart from the approval of the shareholders (and sometimes creditors) the merger also requires the sanction of…
-
Department of Economic Affairs Internships; For Law Students Too
[Posted by Umakanth Varottil] The Economic Times carries a story that the Department of Economic Affairs (DEA), which is part of the Ministry of Finance, has devised an internship programme to enable interaction between its officials and students pursuing higher studies in the field of economics, finance and management. It offers interesting options for law…
-
Expanding Investment Horizons for Trusts
[Posted by Umakanth Varottil] Historically, investment avenues for funds held by trusts have been limited. This is on account of Section 20 of the Indian Trust Act, 1882 which contains very specific instruments in which trusts can invest. These are in the nature of risk-free instruments such as government securities, bank deposits and the like,…
-
M&A: Tackling Ambiguity in Deal Documentation
[Posted by Umakanth Varottil] M&A lawyers are accustomed to drafting and negotiating contracts that contain complex terms and conditions relating to the performance of obligations by parties and remedies for their breach. It is not out of place for acquisition agreements to contain clause A that operates “notwithstanding any other provision contained in this Agreement”,…
-
About this Blog
[Posted by Umakanth Varottil] Welcome to the Indian Corporate Law Blog! At the outset, it is appropriate to set out the goals and objectives of this blog, and what it seeks to encompass. Very simply, it is nothing more than a humble effort to track key developments in the sphere of corporate law in India…