A critical test of good corporate governance for a company is how it deals with Related Party Transactions (RPTs). While the Companies Act, 2013 has laid down what should be done, it is the job of the Company Secretary to ensure that it gets done. Conceptually the Companies Act, 2013 identifies four basic aspects [...]
The book identifies proliferation of technology, population growth, globalisation and financialisation as the four pillars of the unprecedented and spectacular growth in living standards in the last 200 years, writes Shankar Jaganathan First Things First: The Age of Stagnation: Why Perpetual Growth is Unattainable and the Global Economy is in Peril by Satyajit Das [...]
Company law and Bankruptcy law share a common trait, i.e. limited liability. While all entities incorporated under the Companies Act get limited liability, it is provided to other entities like individuals and partnerships only on meeting certain conditions. Further, it is a strong prevailing belief that where effective corporate and bankruptcy laws prevail economic [...]
India lags behind in the Ease of Doing Business rankings is not only very visible but painful given the fact that the efforts taken to rectify this situation is very sincere and commendable. Given this, a right question to ask is what could change the equation and make India climb the rankings rapidly. The [...]
An ideal gift is one that does not cost the donor even though it benefits the receiver. The next best is the gift that which costs the donor a fraction of the benefit the receiver gets. Will the Union Budget 2016 have the heart and pocket to accommodate both the gifts for the start-up? [...]
[box] INDIA SECRETARIAL PRACTICE 2015-#1 Triggers for the Study[/box] Our Ease of Business warriors face no less a challenge than what young Abhimanyu faced in the Mahabharata. Confronted with Chakravyuha, Abhimanyu entered the formation but could not exit. The situation is no different today. To use a different mythology, easing the way for business [...]
(The below is reproduced from Outlook Business, issue of Sept 26, 2015.) http://www.outlookbusiness.com/hardbound/a-corporate-evolution-1961 A Corporate Evolution Shriram Subramanian of InGovern Research reviews Corporate Disclosures It is not often that one comes across a book where the author decides to follow his own book’s principles in setting up a company. Shankar Jaganathan, who set up [...]
Dodd’s book offers significant insights by looking at routine economic events and policy responses through a non-economic lens, says Shankar Jagannathan Like cricket in india, money is the subject of discussion in both professional and amateur groups across the world. These discussions often get heated and their circles expand in the context of prominent [...]
(This article was published in the Souvenir released on the occasion of the 40th Regional Conference of Company Secretaries, held in Bangalore on June 19-20, 2015) Do Benefits justify the Cost of Standard Setting? For the first time the world saw two unique business innovation introduced in India by the Companies Act, 2013. Mandating Corporate [...]
‘Two is company’, a popular saying is no longer appropriate, after the enactment of the Companies Act, 2013, at least in the business world. With the introduction of One Person Companies (OPCs) any one individual can, on their own, form a company. In a short period of one year, 1400 OPCs have been incorporated [...]
