corporate law – N South

Why do we blame Independent Directors for every corporate fubar?

Given how much money went down in the IL&FS fubar, public outrage against everyone connected with the company was to be expected. That said, the sheer volume of venom that targeted Independent Directors seemed unfair. Does anyone here still think such positions are anything but a well-deserved lifetime achievement award…

The Joint Lender Devastation

By Ranjeev C DubeyRegulation

When the entire banking industry of a country as large as ours is paralysed to a point where it becomes necessary to empower RBI, the banking regulator, “to issue directions to any banking company(ies) to initiate an insolvency resolution process under the Insolvency and Bankruptcy Code, 2016”, can we agree…

Tatas Vs Mistry: Here’s why independent directors are in the dock

By Ranjeev C DubeyCompany Law

In Indian corporate history, boardroom battles are truly old hat. What makes the Mistry-Tata spat so singular is that finally, for the first time since we legislated the new Company law in 2013, India will get to find out if the role of independent directors in corporate governance is quite…

Black Money Ballyhoo

By Ranjeev C DubeyCompany Law

Of all the doublespeak Indians have been sold at election time since we declared ourselves a sovereign socialist secular democratic republic, the elimination of corruption and black money has remained the all-time bestseller regardless of market sentiment. So why has this eternally winning formula never translated into any effective action…

Criminalising Corporate Restructuring

By Ranjeev C DubeyCompany Law

If you are one of those corporate consultants who advise clients on business restructuring, here is a piece of gratuitous advice: get out of it. It’s too dangerous. If you are a professional manager who has consented to sit on the board of a spun off business, or its holding…

Blowing Away Whistle Blowers

By Ranjeev C DubeyCompany Law

Election fever this time has sent the outgoing government scurrying in search of a brave new world of probity, the main manifestation of which are (1) a whistle blower protection law and (2) a Lokpal law. Is it fair to expect that the Whistle blower legislation will herald in an…

Socialising Shareholders Interests

By Ranjeev C DubeyCompany Law

It’s not just the Aam Aadmi Party that makes the New Year radically new. All around us, ideological assumptions on the foundation of which we have built our nation are being put to the test. On January 6th, 2014, the Delhi High Court has ruled in the Association of Unified…

Tag: corporate law