Outsiders cannot be insiders

Insider trading regulations are all about prohibiting someone with asymmetrical access to inside information Read more »

Case of absent-minded legal draftsmen

The best legal brains can forget to include crucial clauses in agreements and the authorities may also be negligent in detecting them while assessing the income of the firm. This is what... Read more »

Decoding the new labour code

Proposals in the wage and industrial relation codes could reshape labour-management ties Read more »

Objective function of firms and sustainability

Value of a firm depends on its ability to generate free cash flows over a long period of time Read more »

Better but not quite enough

The Duty Free Import Authorisation (DFIA) scheme has been revamped in the new Foreign Trade Policy (FTP). It is now a post-export scheme, with exemption limited to basic customs duty. It retains... Read more »

No notice to directors in cheque bounce cases

Directors of companies and partners of firms have been fastened with stricter onus by the Supreme Court in cheque bouncing cases. It ruled last week that notice of dishonour of cheques to... Read more »

Living with shareholder agreements

The boardroom battle at United Spirits raises questions over related party transactions, legal sanctity of a shareholder agreement, rights of minority shareholders and corporate governance practices Read more »

Related-party transactions: A case of regulatory dissonance?

One of the most debated aspects of the Companies Act, 2013, has been the introduction of a revised regime pertaining to related party transactions. To introduce transparency and fairness, the law has... Read more »

Criticisms of proposed GST are mostly wrong

All GSTs in federal countries all over the world are imperfect Read more »

Excise duty at point of sale: SC

A weekly selection of key court orders Read more »