Insights

Insights

An Entrepreneur’s guide to the M&A sale transaction process in India

The Indian economy is at a cusp of exponential inorganic business activity. The nuances of M&A transactions are relatively atypical and require understanding of such a process. This guide aims to enable business owners and entrepreneurs’ to understand M&A sale transaction process in India and...

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Stock Appreciation Rights and its Nuances

Stock Appreciation Rights is a scheme under which the participants, being directors, officers or employees of the company, are entitled to receive cash on account of appreciation in stock prices of the company, subject to fulfilment of certain vesting conditions.   1. Introduction SARs are...

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Insolvency and Bankruptcy Code and impact on existing BIFR schemes

In this article, an attempt has been made by the author to study the broad provisions of the Code (as defined hereinunder) and also examine the status of the cases pending under Sick Industrial Companies Act, 1985, in light of the recent judgement passed by...

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National Financial Reporting Authority Rules’ 2018 (NFRA)

Central Government has notified National Financial Reporting Authority Rules' 2018 dated 13/11/2018 and shall come into force on the date of their publication in the official Gazette. Such Authority shall have power to monitor and enforce compliance with accounting standards and auditing standards, oversee the quality...

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India Inc. performance impact on convergence to IND AS!

Backdrop to the research The fiscal year 2016-17 promises to be a watershed moment for financial reporting by Indian corporates. After much delay and deliberation Indian Inc. embraced to a bespoke version of International Financial Reporting Standards (‘IFRS’) aka IND AS. The IND AS were...

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Insolvency and Bankruptcy Code – An Overview

  One of the key factors that holds back the credit market is the mechanism of resolving insolvency or failure of a borrower to make good the promise made to the lenders. The structure of the bankruptcy and insolvency process in India before the enactment...

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Mergers and Acquisitions – Companies Act Framework and Broad Process

Businesses in modern-day economies are comprehensively different from their counterparts in earlier times. Modern-day economies are characterized by an extremely dynamic, rapidly evolving and vibrant environment under which business models are put to trial on a regular basis. The increasing adaptation and proliferation of technology...

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Combination under Competition Act 2002 Role and Impact in M & A

Combination under Competition Act 2002 Role and Impact in M & A The M&A game and the concept of Combination are, after the coming into force of the Competition Act, 2002, intertwined with each other. There is a growing need amongst M&A professionals to understand...

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Valuation Standards

Valuation Standards – An attempt to standardize subjectivity   [As first published in The Bombay Chartered Accountant Journal]   ‘Valuation is the process of determining the economic worth of a subject under certain assumptions and limiting conditions for a particular purpose on a particular date.’...

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Issues in valuation of Service sector companies

Business valuation is a set of processes and procedures used to determine the economic value of an entity or set of assets. Though there are standards and premises of value that must be established at the beginning of any engagement, it is equally important to...

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American Depositary Receipts

  This research paper attempts to provide an overview of American Depository Receipts (‘ADRs’) and its related aspects. ADRs are a common way for United States of America (‘US’ or ‘USA’ or ‘America’) resident investors to buy equity in non-US companies without the difficulties sometimes...

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Alternative Investment Market (London)

Introduction Alternative Investment Market (‘AIM’) is a sub market of the London Stock Exchange (‘Main Market’) that permits relatively smaller companies to float and list its securities with a more flexible regulatory system than is applicable to Main Market including no set requirements for capitalization...

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Alternative Investment Funds

Alternative Investment Fund An investment fund is an organisation, entity or firm that pools funds from a large number of small investors. By aggregating the funds of retail investors into a specific investment, in line with the objectives of the investors, an investment company gives...

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Taxation of Debt Instruments

Investing in a debt instrument is similar to giving a loan to the issuing entity in a manner wherein each holders’ component is separable from the others and also marketable in accordance with the terms of the issuance. The basic reason behind investing in a...

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Safe Harbour Concept

The year 1991 was a watershed moment for India. With the opening up of economy came in challenges in the international tax arena. This resulted in beginning of the Indian transfer pricing regime. Since 2002, there has been a steep escalation in transfer pricing disputes...

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Migration of existing taxpayers to GST regime

Goods and Services tax (GST), which is considered as a historic reform, is now around the corner. The target date to roll out the new indirect tax regime is scheduled on July 1st, 2017 after the decision reached at 9th meeting of all-powerful GST Council....

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Combination under Competition Act 2002 Role and Impact in M & A

Combination under Competition Act 2002 Role and Impact in M & A The M&A game and the concept of Combination are, after the coming into force of the Competition Act, 2002, intertwined with each other. There is a growing need amongst M&A professionals to understand...

Read More

Insolvency and Bankruptcy Code and impact on existing BIFR schemes

In this article, an attempt has been made by the author to study the broad provisions of the Code (as defined hereinunder) and also examine the status of the cases pending under Sick Industrial Companies Act, 1985, in light of the recent judgement passed by...

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Kotak Committee Report : Proposed reforms in Corporate Governance norms

Introduction: In a extremely proactive step to further improving the corporate governance framework in India, the Securities and Exchange Board of India (‘SEBI’) formed a committee on Corporate Governance (‘Committee) in June 2017 under the chairmanship of none other than Mr. Uday Kotak with a...

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American Depositary Receipts

  This research paper attempts to provide an overview of American Depository Receipts (‘ADRs’) and its related aspects. ADRs are a common way for United States of America (‘US’ or ‘USA’ or ‘America’) resident investors to buy equity in non-US companies without the difficulties sometimes...

Read More

Alternative Investment Market (London)

Introduction Alternative Investment Market (‘AIM’) is a sub market of the London Stock Exchange (‘Main Market’) that permits relatively smaller companies to float and list its securities with a more flexible regulatory system than is applicable to Main Market including no set requirements for capitalization...

Read More