Governance news links worth noting
The adjudicating authority penalized a company for not maintaining the required number of directors liable to retire by rotation. The violation continued for over 700 days before being rectified. The
The Supreme Court ruled that Section 66 of the Companies Act does not require a valuation report from a registered valuer for capital reduction schemes. The Court upheld the reduction after finding th
Conversion from a private company to LLP is permitted when eligibility conditions such as no outstanding loans or disputes are satisfied. The process involves board approval, shareholder resolution, a
The Gujarat High Court stayed a tax adjudication order after discovering that the officer relied on inaccurate case law citations without independent verification. The post AI-Hallucination – Le
The regulator suggests making nomination the default option in single-holder accounts, requiring investors to actively opt out to simplify succession and reduce unclaimed assets. The post SEBI’s Propo
The revised FDI policy formally defines “beneficial owner” using anti-money laundering standards, bringing clarity to investment approval requirements for investors linked to neighbouring countries. T
The Budget 2026 proposes shifting buyback taxation from dividend to capital gains. Promoters will face an additional tax to prevent tax arbitrage in corporate payout decisions. The post Budget 2026 Bu
SEBI alleged that Standard Chartered Bank acted as a DDP, and failed to report instances of delay exceeding six months.
The bank has invited bids as part of its recovery proceedings against the defaulting borrowers.
Adani Enterprises has secured NCLT approval for its resolution plan for Jaiprakash Associates, with the plan envisaging no recovery for equity shareholders due to inadequate liquidation value.